Renovated
New
For Sale
$740,000
930 S Vernon Avenue, Dallas, TX 75208
ResidentialIncome, Dallas, TX
Property Size2,649 SF
Lot Size0.25 Acres
Price / SF$279.35
Days on Market2
Property Features for 930 S Vernon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 5, Bedroom 3, Bathroom 4
Parking
4
Parking features
Driveway, Garage, On Street
Patio and Porch features
Porch
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, HighSpeedInternet, InLawFloorplan, MultipleMasterSuites, OpenFloorplan, CableTv
Fencing
Fenced
Appliances
SomeGasAppliances, Dishwasher, GasWaterHeater, PlumbedForGas
Subdivision
F B Osbornes
Lot features
Back Yard, Lawn
Elementary school
Peeler
Middle school
Garcia
High school
Adamson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
Take interstate 35 South and exit 12th St going West, turn left on S Tyler St., turn left on Delaware, turn right on S Vernon, property is on the left.
Standard status
Active
APN
00000276139000000
Size
2,649 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
F B OSBORNES BLK D/3514 LT 27
Tax Annual Amount
9317
Legal Description
F B OSBORNES BLK D/3514 LT 27
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Electric, Central Air, Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
storage building
Building Details
Year built
1980
Floors in Building
1
Number of units
4
Flooring type
Tile, Laminate, Combination
Building materials
WoodSiding
Roof type
Shingle
Listing Agency:
Century 21 Mike Bowman, Inc. · Century 21 Real Estate
(817) 354-7653
Listed By:
Sara Isaac · License #0660909
(512) 686-5486
Added: Sep 3
Last Checked: Sep 4 at 12:06AM
MLS# 21376655
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.
This renovated fourplex contains 2,649 square feet across two separate buildings, with two units in each structure. Interior features include open-plan layouts, eat-in kitchens, granite counters, decorative lighting, multiple primary suites, and an in-law floor plan. The property also includes a fenced outdoor area, porch, driveway, garage, and a separate storage building that may serve as a workshop shed.
Built in 1980 on 0.247 acres, the property has public water and public sewer service. Heating and cooling features include central systems, electric and natural gas service, window units, and ceiling fans. The address is near Bishop Arts District, Winnetka Heights, and Kessler, with Downtown Dallas a couple of miles away.
Built in 1980 on 0.247 acres, the property has public water and public sewer service. Heating and cooling features include central systems, electric and natural gas service, window units, and ceiling fans. The address is near Bishop Arts District, Winnetka Heights, and Kessler, with Downtown Dallas a couple of miles away.
Key Highlights
- Fourplex with 2,649 square feet on 0.247 acres
- Two separate buildings, each containing two units
- Extensive renovation with open‑plan interiors and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,580
$931.6K
Cap Rate 7%
$665,414
$665.4K
Cap Rate 9%
$517,544
$517.5K
Market Conditions
NOI Build-Up for 2,649 SF
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.
Gross rent
$74.1K $27.96/SF
− Vacancy
−$7.5K −$2.84/SF
EGI
$66.5K $25.12/SF
− OpEx
−$20.0K −$7.54/SF
NOI
$46.6K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,580
Cap Rate 7%
$665,414
Cap Rate 9%
$517,544
Alternative Uses
Best Use
Multifamily LT 5
$665.4K
$582.2K – $776.3K
NOI $46,579 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$575.4K
$503.5K – $671.4K
NOI $40,281 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,501 @ 7.0% cap · market cap 30.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property arranged across two buildings with outdoor space, a storage building, and workshop potential.
Where is this quadplex located?
The property is located at 930 S Vernon Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Fourplex with 2,649 square feet on 0.247 acres; Two separate buildings, each containing two units; Extensive renovation with open‑plan interiors and granite counters
