One of the most popular communities provided by {{page_data.agentName}}

DALLAS

One of the most popular communities provided by Next Level Realty Group

DALLAS

About DALLAS

Dallas real estate market is one of the most dynamic in the United States. With a growing population, strong job market, and diverse economy, Dallas offers a wide range of real estate options for buyers and investors. Home prices in Dallas have been rising steadily over the past few years, fueled by strong demand and limited housing inventory. The city offers a variety of housing options, including single-family homes, townhouses, condos, and luxury apartments. Popular neighborhoods in Dallas include Uptown, Preston Hollow, Lakewood, Highland Park, and Oak Lawn. Each neighborhood has its own unique character and amenities, attracting different types of buyers. Dallas is known for its strong rental market, making it a popular choice for real estate investors looking for rental income. Many new developments are focused on mixed-use properties that combine residential and commercial spaces, catering to urban living trends. Overall, Dallas real estate offers a mix of opportunities for both buyers and investors, with a variety of options to suit different preferences and budgets.
One of the most popular communities provided by Next Level Realty Group
4,768
# of Listings
3
Avg # of Bedrooms
$386
Avg. $ / Sq.Ft.
$857,151
Med. List Price

Browse DALLAS Real Estate Listings

151 Properties Found. Page 11 of 11.

Located in the highly desirable Oak Lawn corridor, this rare 12-unit multifamily asset at 4002 Prescott Ave offers a compelling blend of historic character and long-term investment stability.? Originally constructed in 1929, the property retains its timeless appeal with original hardwood flooring, vintage cabinetry, and classic countertops, providing a unique charm that is increasingly difficult to replicate in today’s market.?
Situated on approximately a quarter-acre lot, the property benefits from an exceptional location just minutes from Highland Park and the vibrant Lemmon Avenue corridor.? Tenants enjoy immediate access to a wide array of restaurants, grocery stores, retail, and everyday conveniences, making this a consistently desirable rental location.?
The asset consists of twelve residential units plus an additional apartment above the carport, offering supplemental income potential.? Ownership has maintained the property with key capital improvements, including updated plumbing, electrical systems, and roof, reducing near-term deferred maintenance concerns.?
Currently averaging approximately $1,200 per unit in monthly rent, the property presents a strong in-place income stream with additional upside through operational efficiencies and potential rent growth.? The current owner has personally managed the property since 1996 and occupies one of the units, reflecting long-term stewardship and pride of ownership.?
Offered as-is, this is a rare opportunity to acquire a well-located, character-rich multifamily asset in one of Dallas’ most sought-after rental submarkets.?
#21260036

Dallas

4002 Prescott Avenue

12 Beds

12 Baths

3,984 Sq.Ft.

$3,000,000

MLS#: 21260036

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