Updated Five-Unit Apartment
For Sale
$1,100,000
4936 Worth Street A-e, Dallas, TX 75214
Historic Munger Place property with separate electric meters and central HVAC serving each unit.
Property Size4,402 SF
Price / SF$249.89
Days on Market84
Property Features for 4936 Worth Street A-e
General Information
Standard status
Active
Size
4,402 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Amenities
shared yard
front porch
shared balcony
Building Details
Year Built
1909
Buildings
1
Listing Agency:
Pegasus Realty, Inc.
Listed By:
Victor Aves · License #0403677
(214) 826-9555
Source:
Teamrobbins
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 16 at 1:25PM
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 Pegasus Realty, Inc.
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Investment Insights
Based on property information with market context.
This five-unit apartment property combines a 1909 building with modernized interiors and practical operating features. The units were refreshed within the past five years, while original character remains part of the property’s appeal. Separate electric meters and central HVAC serve each unit. The 4402 SF total includes a garage apartment.
On-site parking is arranged across the property, with covered parking assigned to three units, driveway parking for one unit, and street parking serving the garage apartment. Residents share a yard and front porch, while the two upstairs units have access to a shared balcony. The property is 100% leased and professionally managed, providing an occupied multifamily asset in Historic Munger Place.
On-site parking is arranged across the property, with covered parking assigned to three units, driveway parking for one unit, and street parking serving the garage apartment. Residents share a yard and front porch, while the two upstairs units have access to a shared balcony. The property is 100% leased and professionally managed, providing an occupied multifamily asset in Historic Munger Place.
Key Highlights
- Five apartment units with 4402 SF, including the garage apartment
- Interiors refreshed within the past five years
- Separate electric meters and central HVAC for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,937
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,740
$1.3M
Cap Rate 7%
$956,243
$956.2K
Cap Rate 9%
$743,744
$743.7K
Market Conditions
NOI Build-Up for 4,402 SF
Gross rent
$136.3K $30.96/SF
− Vacancy
−$14.6K −$3.31/SF
EGI
$121.7K $27.65/SF
− OpEx
−$54.8K −$12.44/SF
NOI
$66.9K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,740
Cap Rate 7%
$956,243
Cap Rate 9%
$743,744
Alternative Uses
Best Use
Apartment 5plus
$956.2K
$836.7K – $1.12M
NOI $66,937 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,743 @ 7.0% cap · market cap 33.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic Munger Place property with separate electric meters and central HVAC serving each unit.
Where is this apartment building located?
The property is located at 4936 Worth Street A-e Dallas, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five apartment units with 4402 SF, including the garage apartment; Interiors refreshed within the past five years; Separate electric meters and central HVAC for each unit
