Income Producing Multifamily
9605 Walnut Street Unit 12106 Dallas, TX 75243
9605 Walnut Street Unit 12106, Dallas, TX, 75243
$450,000
For Sale
$450,000
Income-producing portfolio of five leased one-bedroom units near Richland College.
Property Size876 SF
Price / SF$513.70
Days on Market120
Property Features for 9605 Walnut Street Unit 12106
General Information
- Standard status
- Active
- Size
- 876 SF
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 1983
Listing Agency
Ashton Realty Inc.
(972) 822-1040
Listed by
Lionel Austin · License #0436338
(972) 822-1040
Source
Compass
Added: Mar 24 Updated: Jul 10 at 1:34 pm Checked: Jul 19 at 4:58 am
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 Ashton Realty Inc.
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an income-producing portfolio consisting of five one-bedroom units. The units are 100% leased with long-term tenants. The seller is open to selling the units individually or as a group. The units are located at 12106, 12105, 1204, 12103, and 10104. The complex is situated close to Richland College, making it a desirable location for renters. The property size is 876 square feet.
Key Highlights
- Income‑producing portfolio of 5 one‑bedroom units.
- Units are 100% leased with long‑term tenants.
- Option to purchase units individually or as a group.
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 | $27.1k | $30.96 |
| − Vacancy | −$2.9k | −$3.31 |
| EGI | $24.2k | $27.65 |
| − OpEx | −$10.9k | −$12.44 |
| NOI | $13.3k | $15.21 |
876 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.3K
$166.5K – $222.0K
NOI $13,320 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.8K
$839.0K – $1.12M
NOI $67,118 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Income-producing portfolio of five leased one-bedroom units near Richland College.
Where is this apartment building located?
The property is located at 9605 Walnut Street Unit 12106 Dallas, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing portfolio of 5 one‑bedroom units.; Units are 100% leased with long‑term tenants.; Option to purchase units individually or as a group.
