Two-Story Fourplex with
For Sale
$825,000
909 Sunset Avenue, Dallas, TX 75208
Four residential units combine updated interiors, original character, and covered parking in a flexible multifamily configuration.
Property Size4,320 SF
Price / SF$190.97
Days on Market96
Property Features for 909 Sunset Avenue
General Information
Standard status
Active
Size
4,320 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Site & Location
Neighborhood
Winnetka Heights Historict District
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$16,681
Building Details
Building Size
4,320 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Dave Perry Miller Real Estate
Listed By:
Kent Frederick · License #0692943
(972) 249-5236
Source:
Nilesrealtygroup
Added: Aug 3
Changed: Oct 31
Last Checked: Nov 4 at 10:32PM
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 Dave Perry Miller Real Estate
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Investment Insights
Based on property information with market context.
This two-story fourplex contains 4,320 square feet of living space across four units. The two lower-level residences each have one bedroom, while the upstairs units contain two bedrooms apiece. Every unit includes a living room, formal dining room, decorative fireplace, and separate front and rear entrances. Unit 909 was recently refreshed, and Unit 911 received updates a couple years ago; the two upper residences retain much of their original condition. An alley-accessed four-car carport provides one covered space per unit.
The property is located at 909 Sunset Avenue in Dallas, one block north of Jefferson Boulevard’s dining, shopping, and entertainment. It is 0.4 miles from the TYPO district and 0.7 miles from the Bishop Arts District. Built in 1925, the fourplex offers a mix of renovated and largely original interiors within an established residential income property.
The property is located at 909 Sunset Avenue in Dallas, one block north of Jefferson Boulevard’s dining, shopping, and entertainment. It is 0.4 miles from the TYPO district and 0.7 miles from the Bishop Arts District. Built in 1925, the fourplex offers a mix of renovated and largely original interiors within an established residential income property.
Key Highlights
- 4,320 square feet of living space in a two‑story fourplex
- Four units with a one‑bedroom/two‑bedroom floor‑plan mix
- Four‑car alley‑accessed carport provides one covered space per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,690
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,800
$1.3M
Cap Rate 7%
$938,429
$938.4K
Cap Rate 9%
$729,889
$729.9K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$133.7K $30.96/SF
− Vacancy
−$14.3K −$3.31/SF
EGI
$119.4K $27.65/SF
− OpEx
−$53.7K −$12.44/SF
NOI
$65.7K $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%
$1,313,800
Cap Rate 7%
$938,429
Cap Rate 9%
$729,889
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.5K – $1.27M
NOI $75,961 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$938.4K
$821.1K – $1.09M
NOI $65,690 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$5.18M
$4.54M – $6.05M
NOI $362,855 @ 7.0% cap · market cap 43.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,057
Businesses Nearby
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Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
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 - Four residential units combine updated interiors, original character, and covered parking in a flexible multifamily configuration.
Where is this quadplex located?
The property is located at 909 Sunset Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4,320 square feet of living space in a two‑story fourplex; Four units with a one‑bedroom/two‑bedroom floor‑plan mix; Four‑car alley‑accessed carport provides one covered space per unit
