Three-Story Fourplex
For Sale
$1,980,000
4711 Sylvester Street, Dallas, TX 75219
Newly built fourplex with three-story residences, each featuring dedicated office space and a two-car garage.
Property Size8,184 SF
Price / SF$241.94
Days on Market411
Property Features for 4711 Sylvester Street
General Information
Standard status
Active
Size
8,184 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Fourplex
Additional Details
Multifamily Units
4
Building Details
Year Built
2026
Listing Agency:
Jessica Koltun Home
(682) 216-8892
Listed By:
Bardha Lloncari · License #0708676
(682) 216-8892
Source:
Compass
Added: Jun 21, 2025
Changed: Jul 22
Last Checked: Jul 24 at 1:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jessica Koltun Home
Investment Insights
Based on property information with market context.
Newly built fourplex offering four separate three-story residences. Each unit is designed with open-concept living, dining, and kitchen areas, oversized windows for natural light, and a dedicated office space. The layout includes two bedrooms, two full baths, and two half baths. Upstairs, each home features a private primary suite and a secondary bedroom with its own en-suite. Each residence also includes a two-car garage.
The property is located at 4711 Sylvester Street in Dallas, TX 75219, and is not currently leased. That flexibility allows an owner to occupy one unit while leasing the remaining units, or lease all four residences for income.
With modern finishes and efficient, low-maintenance design elements described in the offering, this fourplex is presented as a turnkey-style ownership option for investors seeking a contemporary, multi-unit setup.
The property is located at 4711 Sylvester Street in Dallas, TX 75219, and is not currently leased. That flexibility allows an owner to occupy one unit while leasing the remaining units, or lease all four residences for income.
With modern finishes and efficient, low-maintenance design elements described in the offering, this fourplex is presented as a turnkey-style ownership option for investors seeking a contemporary, multi-unit setup.
Key Highlights
- Newly built 4‑unit fourplex in Dallas, built in 2026, with 3+ stories and slab foundation
- Each unit features approx. 2,000 SF across three stories with 2 bedrooms and 2 full plus 2 half baths
- Every residence includes a dedicated office space and a 2‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.8k | $27.96 |
| − Vacancy | −$23.2k | −$2.84 |
| EGI | $205.6k | $25.12 |
| − OpEx | −$61.7k | −$7.54 |
| NOI | $143.9k | $17.58 |
8,184 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.06M
$1.80M – $2.40M
NOI $143,903 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.07M
NOI $124,446 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$9.82M
$8.59M – $11.46M
NOI $687,409 @ 7.0% cap · market cap 34.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 75219, TX
27,885
Population
19,190
Households
1.5
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
2.3 sq mi
ZIP Area
12,124
Density / Sq Mi
$92,541
Median Household Income
$70,549
Median Earnings
$1,751
Median Rent
$377,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly built fourplex with three-story residences, each featuring dedicated office space and a two-car garage.
Where is this quadplex located?
The property is located at 4711 Sylvester Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Newly built 4‑unit fourplex in Dallas, built in 2026, with 3+ stories and slab foundation; Each unit features approx. 2,000 SF across three stories with 2 bedrooms and 2 full plus 2 half baths; Every residence includes a dedicated office space and a 2‑car garage
