Three-Unit Residential Income
4922 Reiger Avenue Dallas, TX 75214
4922 Reiger Avenue, Dallas, TX, 75214
$549,900
For Sale
$549,900
MULTI_FAMILY - Dallas, TX
Property Size2,826 SF
Lot Size0.22 Acres
Price / SF$194.59
Days on Market36
Property Features for 4922 Reiger Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
- Parking
- 5
- Parking features
- Carport
- Appliances
- Dishwasher, GasRange, Refrigerator
- Standard status
- Active
- APN
- 00000152989000000
- Size
- 2,826 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- MCKELLS HOMESTEAD BLK C/1429 PTS LTS 8 & 9
- Tax Annual Amount
- 11418
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Wood, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Berkshire HathawayHS PenFed TX
(214) 257-1111
Flower Mound, TX
Listed by
Jeremy Larsen · License #0601091
(866) 225-5778
Added: Jun 15 Checked: Jul 20 at 5:06 am
MLS# 21238367
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential income property features a full duplex setup with two separate 2-bedroom, 1-bath units, along with an additional garage apartment. The combined configuration provides three distinct places to live within one asset. The seller notes that significant work has been completed in the units, positioning the property for continued occupancy or further improvement.
Located at 4922 Reiger Avenue in Dallas, TX 75214, the property sits on a 0.217-acre lot. With a total building size of 2,826 square feet, the layout supports a straightforward investment or redevelopment approach, depending on how an owner intends to manage the units.
For buyers seeking rental income, the current setup can support holding with tenants in place, based on the seller’s statement. For buyers considering a change in strategy, the same three-unit configuration and the presence of a garage apartment provide multiple paths for future redevelopment or repositioning, while leveraging the work already completed inside the units. This is a practical option for investors and owner-occupants looking for a small multifamily property with room to execute based on their plan.
Located at 4922 Reiger Avenue in Dallas, TX 75214, the property sits on a 0.217-acre lot. With a total building size of 2,826 square feet, the layout supports a straightforward investment or redevelopment approach, depending on how an owner intends to manage the units.
For buyers seeking rental income, the current setup can support holding with tenants in place, based on the seller’s statement. For buyers considering a change in strategy, the same three-unit configuration and the presence of a garage apartment provide multiple paths for future redevelopment or repositioning, while leveraging the work already completed inside the units. This is a practical option for investors and owner-occupants looking for a small multifamily property with room to execute based on their plan.
Key Highlights
- Three‑unit property: full duplex with two 2‑bedroom, 1‑bath units plus a garage apartment
- Tenants in place per remarks
- Brick construction with composition roof
Local 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 | $79.0k | $27.96 |
| − Vacancy | −$8.0k | −$2.84 |
| EGI | $71.0k | $25.12 |
| − OpEx | −$21.3k | −$7.54 |
| NOI | $49.7k | $17.58 |
2,826 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$709.9K
$621.1K – $828.2K
NOI $49,691 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,368 @ 7.0% cap · market cap 43.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with two 2-bedroom, 1-bath units plus a garage apartment, offering flexible income or redevelopment options.
Where is this triplex located?
The property is located at 4922 Reiger Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑unit property: full duplex with two 2‑bedroom, 1‑bath units plus a garage apartment; Tenants in place per remarks; Brick construction with composition roof
