Four-Unit Condo
5705 Live Oak Street Dallas, TX 75206
For Sale
$1,950,000
MULTI_FAMILY - Dallas, TX
Property Size5,947 SF
Lot Size0.13 Acres
Price / SF$327.90
Days on Market31
Property Features for 5705 Live Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
8
Bathrooms
12
Rooms
Bathroom 6, Bedroom 7, Bathroom 4, Bathroom 8, Bathroom 10, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 9, Bathroom 12, Bathroom 7, Bathroom 11, Bedroom 8, Bedroom 6
Parking
8
Parking features
Open, Garage, Driveway
Interior features
DecorativeDesignerLightingFixtures, HighSpeedInternet, KitchenIsland, Pantry, CableTv, WalkInClosets, WiredForSound
Exterior features
Lighting, PrivateYard, RainGutters
Fencing
Fenced
Fireplace
1
Appliances
SomeGasAppliances, Dishwasher, Disposal, GasRange, Microwave, PlumbedForGas
Standard status
Active
APN
00000182380000000
Size
5,947 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
MUNGER C H LINDELL ST DEDICATION SE PT 2-50X1
Tax Annual Amount
11227
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Number of units
4
Flooring type
Tile, Vinyl
Building materials
Brick
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Jennifer Templeton · License #0550951
(972) 772-7000
Added: Jun 30
Changed: Jul 28
Last Checked: Jul 30 at 6:06AM
MLS# 21156401
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.
New construction four-unit condominium building featuring four luxury residential units. Each unit is approximately 1,483 square feet and includes two bedrooms and two and a half bathrooms, with an open-concept main living level. Units also feature an attached two-car garage, a private 504 SF rooftop terrace for outdoor use, and a fenced private yard space at the ground level. The property totals approximately 5,947 square feet on a 0.132-acre lot.
Located in East Dallas near Downtown, Lower Greenville, Lakewood, and the Swiss Avenue Historic District, the area is largely built out with established residential and commercial development. The unit layout and mix are designed to accommodate multiple ownership approaches, including long-term rental hold, short-term rental, individual condominium sales, or a combination of strategies.
For buyers, the configuration combines low-maintenance, urban-style living with dedicated garages and private outdoor space for each unit.
Located in East Dallas near Downtown, Lower Greenville, Lakewood, and the Swiss Avenue Historic District, the area is largely built out with established residential and commercial development. The unit layout and mix are designed to accommodate multiple ownership approaches, including long-term rental hold, short-term rental, individual condominium sales, or a combination of strategies.
For buyers, the configuration combines low-maintenance, urban-style living with dedicated garages and private outdoor space for each unit.
Key Highlights
- New construction 4‑unit condominium building in East Dallas, built in 2026
- Each unit is approx. 1,483 SF with 2 bedrooms and 2.5 bathrooms
- Each unit includes an attached 2‑car garage plus a private 504 SF rooftop terrace
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 | $166.3k | $27.96 |
| − Vacancy | −$16.9k | −$2.84 |
| EGI | $149.4k | $25.12 |
| − OpEx | −$44.8k | −$7.54 |
| NOI | $104.6k | $17.58 |
5,947 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.31M – $1.74M
NOI $104,569 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,430 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$7.14M
$6.24M – $8.33M
NOI $499,514 @ 7.0% cap · market cap 25.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - New construction four-unit condo building with attached two-car garages and private rooftop terrace per unit.
Where is this quadplex located?
The property is located at 5705 Live Oak Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: New construction 4‑unit condominium building in East Dallas, built in 2026; Each unit is approx. 1,483 SF with 2 bedrooms and 2.5 bathrooms; Each unit includes an attached 2‑car garage plus a private 504 SF rooftop terrace
