Renovated 36-Unit Apartment
5009-5015 Bryan Street, Dallas, TX 75206
For Sale
$5,112,000
A comprehensive 2018 renovation refreshed building systems, interiors, exterior finishes, and resident amenities.
Property Size19,368 SF
Days on Market12
Property Features for 5009-5015 Bryan Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Perry Guest Company
Listed By:
Harris Arnhart · License TX #0636257
(903) 399-0212
Source:
Nilesrealtygroup
Added: Oct 30
Changed: Nov 8
Last Checked: Oct 30 at 3:24PM
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 Perry Guest Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Courtyards on Bryan is a 36-unit apartment property in East Dallas, originally built in 1956. A substantial renovation completed in 2018 replaced the roofs and updated electrical and plumbing systems. The work also brought contemporary interior finishes, refreshed exterior surfaces, and upgraded amenities.
The property is near the Lower Greenville entertainment district and Knox Henderson. Its location and renovated physical components define the community’s primary features.
The property is near the Lower Greenville entertainment district and Knox Henderson. Its location and renovated physical components define the community’s primary features.
Key Highlights
- 36‑unit apartment community
- Extensive renovation completed in 2018
- Renovation included new roofs and updated electrical and plumbing systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$294,510
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,890,200
$5.9M
Cap Rate 7%
$4,207,286
$4.2M
Cap Rate 9%
$3,272,333
$3.3M
Market Conditions
NOI Build-Up for 19,368 SF
Gross rent
$599.6K $30.96/SF
− Vacancy
−$64.2K −$3.31/SF
EGI
$535.5K $27.65/SF
− OpEx
−$241.0K −$12.44/SF
NOI
$294.5K $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%
$5,890,200
Cap Rate 7%
$4,207,286
Cap Rate 9%
$3,272,333
Alternative Uses
Best Use
Apartment 5plus
$4.21M
$3.68M – $4.91M
NOI $294,510 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.24M
$20.34M – $27.11M
NOI $1,626,800 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 75206, TX
40,386
Population
25,844
Households
1.6
Avg Household Size
32
Median Age
77%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
9,616
Density / Sq Mi
$88,464
Median Household Income
$69,953
Median Earnings
$1,715
Median Rent
$557,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Dallas, TX
Properties on Market for Apartment buildings in Dallas
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A comprehensive 2018 renovation refreshed building systems, interiors, exterior finishes, and resident amenities.
Where is this apartment building located?
The property is located at 5009-5015 Bryan Street Dallas, TX.
What is the asking price?
The asking price for this property is $5,112,000.
What are key features of this property?
This property features: 36‑unit apartment community; Extensive renovation completed in 2018; Renovation included new roofs and updated electrical and plumbing systems
