Renovated Fourplex with
For Sale
$740,000
930 S Vernon Avenue, Dallas, TX 75208
Renovated residential income property with two buildings, outdoor space, and an additional storage or workshop structure.
Property Size2,649 SF
Price / SF$279.35
Days on Market31
Property Features for 930 S Vernon Avenue
General Information
Standard status
Active
Size
2,649 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
storage building
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Century 21 Mike Bowman, Inc.
(817) 354-7653
Listed By:
Sara Isaac · License #0660909
(512) 686-5486
Source:
Lonestarluxuryrealty
Added: Sep 6
Changed: Sep 14
Last Checked: Oct 5 at 6:24PM
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 Century 21 Mike Bowman, Inc.
Investment Insights
Based on property information with market context.
This fourplex was built in 1980 and recently received an extensive renovation. The property is arranged across two separate buildings, with two units in each, creating a four-unit residential income asset. Exterior space adds flexibility, while a separate storage building can serve as a workshop or storage area.
Located at 930 S Vernon Avenue in Dallas, the property is near the Bishop Arts District and the established neighborhoods of Winnetka Heights and Kessler. Bishop Arts offers boutique retail, restaurants, coffee shops, and galleries, while Downtown Dallas is only a couple of miles away. The setting combines access to the city center with proximity to established residential and cultural destinations.
Located at 930 S Vernon Avenue in Dallas, the property is near the Bishop Arts District and the established neighborhoods of Winnetka Heights and Kessler. Bishop Arts offers boutique retail, restaurants, coffee shops, and galleries, while Downtown Dallas is only a couple of miles away. The setting combines access to the city center with proximity to established residential and cultural destinations.
Key Highlights
- Four‑unit property arranged as two separate buildings with two units each
- Extensively renovated from top to bottom
- Separate storage building suitable for storage or workshop use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,579
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated residential income property with two buildings, outdoor space, and an additional storage or workshop structure.
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: Four‑unit property arranged as two separate buildings with two units each; Extensively renovated from top to bottom; Separate storage building suitable for storage or workshop use
