Updated Condo with Flexible
For Sale
$200,000
578 E Avenue J #A Grand, Grand Prairie, TX 75050
Updated condo with two living areas, community amenities, and prime location.
Property Size1,568 SF
Price / SF$127.55
Days on Market366
Property Features for 578 E Avenue J #A Grand
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Condominium
Building Details
Year Built
1968
Listing Agency:
Texas Starpath Partners Inc
(817) 313-7973
Listed By:
Jordan Davis · License #0632691
(817) 313-7973
Source:
Kw
Added: Aug 5, 2025
Changed: Jul 6
Last Checked: Aug 4 at 2:43PM
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 Texas Starpath Partners Inc
Investment Insights
Based on property information with market context.
This updated condo features a flexible floorplan with two spacious living areas suitable for entertaining or relaxing. The front room includes built-in cabinetry and can function as a formal dining room, home office, or library. The kitchen is equipped with granite countertops, a designer backsplash, Shaker-style cabinetry, and stainless steel appliances. The adjoining living room offers an open-concept layout with wood flooring, crown molding, and natural light. The primary suite includes a sitting area and an updated bathroom with dual sinks and a walk-in shower. A secondary bedroom, bathroom, and private balcony are also located on the second level. The condo is equipped with two AC units, with one unit replaced in July 2023. Community amenities include a swimming pool and a fitness center. The property is located with access to Highway 360 and I-30, near shopping, dining, entertainment, and major employers. The property size is 1568 square feet.
Key Highlights
- Updated condo with FLEXIBLE FLOORPLAN and TWO SPACIOUS LIVING AREAS.
- Kitchen features GRANITE COUNTERTOPS, designer backsplash, Shaker‑style cabinetry, and stainless steel appliances.
- Primary suite includes a SPACIOUS SITTING AREA and updated bathroom with dual sinks and a large walk‑in shower.
Financial Insights For Apartment 5plus
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 | $27.7k | $17.64 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $26.3k | $16.79 |
| − OpEx | −$11.8k | −$7.56 |
| NOI | $14.5k | $9.24 |
1,568 SF · lease $17.64/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$206.9K
$181.0K – $241.4K
NOI $14,483 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated condo with two living areas, community amenities, and prime location.
Where is this apartment building located?
The property is located at 578 E Avenue J #A Grand Grand Prairie, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Updated condo with FLEXIBLE FLOORPLAN and TWO SPACIOUS LIVING AREAS.; Kitchen features GRANITE COUNTERTOPS, designer backsplash, Shaker‑style cabinetry, and stainless steel appliances.; Primary suite includes a SPACIOUS SITTING AREA and updated bathroom with dual sinks and a large walk‑in shower.
