Remodeled Quadruplex Income
For Sale
$860,000
4947 E Side Avenue, Dallas, TX 75214
A completely remodeled four-unit property with extensive 2024 system and interior upgrades throughout.
Property Size2,970 SF
Days on Market112
Property Features for 4947 E Side Avenue
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Mill Creek
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,272
Building Details
Building Size
2,970 SF
Year Built
1912
Year Renovated
2024
Tenancy
Multi
Listing Agency:
Fathom Realty, LLC
Listed By:
Edison Cruz Flores · License #0833144
(469) 469-9814
Source:
Nilesrealtygroup
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 28 at 3:55PM
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 Fathom Realty, LLC
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Investment Insights
Based on property information with market context.
This fully remodeled quadruplex features four residential units with extensive improvements completed in 2024. Reported updates include a new HVAC system, foundation leveling and repairs, new siding, roof and decking, fresh interior and exterior paint, new flooring and drywall, upgraded electrical, new plumbing lines, new water heaters, updated kitchen cabinets, and new interior doors.
Located in the heart of Old East Dallas, the property presents a refreshed multifamily option for long-term rental income or for a value-add investor seeking a well-maintained asset with major systems reportedly updated.
The renovations cover key building systems and unit finishes, offering a turnkey profile with refreshed components designed to support continued operation.
Located in the heart of Old East Dallas, the property presents a refreshed multifamily option for long-term rental income or for a value-add investor seeking a well-maintained asset with major systems reportedly updated.
The renovations cover key building systems and unit finishes, offering a turnkey profile with refreshed components designed to support continued operation.
Key Highlights
- 4‑unit quadruplex built in 1912, thoroughly updated in 2024
- New HVAC system added in 2024
- Foundation was leveled and repaired in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,223
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,460
$1.0M
Cap Rate 7%
$746,043
$746.0K
Cap Rate 9%
$580,256
$580.3K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$83.0K $27.96/SF
− Vacancy
−$8.4K −$2.84/SF
EGI
$74.6K $25.12/SF
− OpEx
−$22.4K −$7.54/SF
NOI
$52.2K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,460
Cap Rate 7%
$746,043
Cap Rate 9%
$580,256
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.8K – $870.4K
NOI $52,223 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$645.2K
$564.5K – $752.7K
NOI $45,162 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$3.56M
$3.12M – $4.16M
NOI $249,463 @ 7.0% cap · market cap 29.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A completely remodeled four-unit property with extensive 2024 system and interior upgrades throughout.
Where is this quadplex located?
The property is located at 4947 E Side Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 4‑unit quadruplex built in 1912, thoroughly updated in 2024; New HVAC system added in 2024; Foundation was leveled and repaired in 2024
