Bishop Arts Income
735 West 10th Street, Dallas, TX 75208
Five-unit property in walkable Bishop Arts neighborhood with redevelopment potential.
Type:Multi-Family / Apartment/5Plex+
Property size:
2,822 SFLot size:
0.15 AcresPrice / SF:
$246/SF- Added:
- Mar 17, 2026
- Days on Market:
- 79
- Last Refresh:
- Mar 18 at 7:56 am
Property Features for 735 West 10th Street
General Information
- Standard status
- Active
- Size
- 2,822 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1930
Listing agent Matt Haistings License #0671130 (469) 305-1011
Listing office Compass (469) 305-1011
Listing date Mar 17, 2026
Source Compass
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 Compass
HighLights
- Prime Bishop Arts location (Walk Score: 91) with significant rent growth potential.
- Redevelopment opportunity under PD‑830 zoning for townhome‑style condos.
- Fully remodeled in 2018 with new plumbing, electrical, roof, and tankless water heaters.
- Five‑unit income property (three studios, one 1‑bedroom, one 2‑bedroom) with four units currently occupied.
- Rare entry point into Bishop Arts at $139K per unit, offering flexibility to collect income, increase rents, or redevelop.
- Includes on‑site parking, a spacious backyard, an in‑building laundry facility (added in 2025), plus a grandfathered ADU.
Overview
This 5-unit income property is located in the Bishop Arts neighborhood. The building has a mixed unit configuration, including three studios, one 1-bedroom, and one 2-bedroom unit, totaling 2,822 square feet on a 0.148-acre lot. Four units are currently occupied, and one 2-bedroom unit is vacant and available for immediate lease. On-site parking and a spacious backyard are included. An in-building laundry facility is planned for addition in 2025. The property was fully remodeled in 2018 with new plumbing, electrical, roof, and tankless water heaters. The property is in solid mechanical condition with no deferred capital needs. The property also presents a redevelopment opportunity under PD-830 zoning, which supports townhome-style condo development. An ADU is grandfathered on the property.
Local 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 | $87.4k | $30.96 |
| − Vacancy | −$9.3k | −$3.31 |
| EGI | $78.0k | $27.65 |
| − OpEx | −$35.1k | −$12.44 |
| NOI | $42.9k | $15.21 |
2,822 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$613.0K
$536.4K – $715.2K
NOI $42,911 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,032 @ 7.0% cap · market cap 34.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.835431
- Latitude
- 32.745382
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property in walkable Bishop Arts neighborhood with redevelopment potential.
Where is this apartment building located?
The property is located at 735 West 10th Street Dallas, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime Bishop Arts location (Walk Score: 91) with significant rent growth potential.; Redevelopment opportunity under PD‑830 zoning for townhome‑style condos.; Fully remodeled in 2018 with new plumbing, electrical, roof, and tankless water heaters.
