3209 NORWALK AVENUE, DALLAS, TX 75220

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Homes for sale in 75220.


3209 Norwalk Avenue

Dallas, TX 75220

Active

List Price$879,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21227705

8

Bedrooms

8 full

Bathrooms

5,136

Square Feet

8

Number of Units

Multi-Unit Residential

Type

About This Property

This prime 8-unit multi-family asset offers a streamlined, low-maintenance entry into the high-growth Northwest Dallas rental market. The property features a uniform mix of 1-bedroom, 1-bathroom units, all of which have been recently enhanced with fresh paint and durable vinyl flooring, significantly reducing immediate capital expenditure and allowing a new owner to focus on operations rather than renovations. The investment structure is highly predictable, with all residents on 12-month leases that concurrently renew on July 1st, providing an ideal window for annual market-rate adjustments across the entire portfolio. A few units are currently available following recent turnover, this vacancy presents a strategic opportunity to capture current market premiums without the delay of lease expirations. Each unit boasts 8-foot ceilings, fully equipped kitchens, with all appliances and the high-demand convenience of in-unit washer and dryer hookups. Historically favored by professional tenants, the location provides exceptional connectivity to major regional employment engines, including Dallas Love Field Airport and the UT Southwestern Medical District. With quick access to I-35E and the Dallas North Tollway, this asset is positioned to benefit from the sustained demand for housing in one of the city's most rapidly appreciating zip codes. Full financials and utility records are available for review upon request.

Property Features

Location Information

County

Dallas

Subdivision

Marshall Ter Add

Interior Features

Interior

Cable TV

Cooling

Central Air, Ceiling Fan(s)

Full Baths

8

Floors

Ceramic Tile, Laminate, Vinyl

Has Fireplace

No

Appliances

Electric Oven, Electric Range, Microwave, Refrigerator

Heating

Central

Total Number of Units

8

Exterior Features

Stories

2

Pool Description

None

Construction

Brick, Frame, Wood Siding

Lot Size in Acres

0.182

Foundation

Slab

Lot Size in Sq. Ft.

7,927

Roof

Composition, Shingle

Buildings

1

Utilities

Electricity Available, Natural Gas Available, Sewer Available, Water Available, Cable Available

Building Total Area (Sq. Ft.)

5,136

Parking Description

Paved, Parking Lot

Is One Story

No

School

Elementary School District

Dallas ISD

Jr. High School

Cary

Elementary School

Foster

High School

Jefferson

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

RI

Has a Home Owners Association

No

Property SubType

Apartment

Tax Annual Amount

18054.0

Year Built

1982

Community Features

Community Mailbox

Similar Listings

Mortgage Calculator

$4,104

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,167

Monthly Tax

$732

Monthly Insurance

$205

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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