3209 NORWALK AVENUE, DALLAS, TX 75220
Homes for sale in Dallas.
Homes for sale in 75220.
3209 Norwalk Avenue
Dallas, TX 75220
List Price$879,000
Listing #21227705
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
Real Estate IDX Powered by iHomefinder
