$785,000

Quadruplex In Dallas

  • 6 Beds
  • 4 Baths
  • 3,102 Sqft
  • 10,019 Sqft lot
  • Updated: October 2
  • Source:
    North Texas Real Estate Information Systems (NTREIS)  MLS#21401696

About the Property

Prime multi-family investment and high-yield redevelopment opportunity in sought-after Vickery Place, just steps from Lower Greenville and Henderson Avenue. Situated on a 50 x 200 lot (10,000 SF) zoned MF-2(A), offering versatile options: hold for immediate rental income, renovate for premium value-add cash flow, or redevelop (preliminary design studies suggest a 7-unit townhome yield). The proper
Prime multi-family investment and high-yield redevelopment opportunity in sought-after Vickery Place, just steps from Lower Greenville and Henderson Avenue. Situated on a 50 x 200 lot (10,000 SF) zoned MF-2(A), offering versatile options: hold for immediate rental income, renovate for premium value-add cash flow, or redevelop (preliminary design studies suggest a 7-unit townhome yield). The property consists of two detached structures totaling 3,102 SF:• Front Single-Story Duplex (5108 & 5110 Manett): 831 SF each, 1 Bed + 1 Bath layouts.• Rear Two-Story Duplex (5108 half & 5110 half Manett): 720 SF each, flexible 2-room + 1 Bath flats. Gross potential income is $5,600 per month ($67,200 per year) based on historical as-is rates ($1,600 per mo front units; $1,200 per mo rear units). Three units are delivered vacant for immediate renovation, re-leasing, or project commencement. Rear lower unit (5108 half) is occupied month-to-month. Property conveys strictly As-Is. Architectural floor plans, site plans, and survey available upon request.
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  • Property type

    Other

  • Year built

    1950

  • Price/sqft

    $253

Features

  • Duplex
  • Investment Property
  • Balcony
  • Parking

Explore the Area

5108 Manett Street, Dallas, Texas, United States View on Google Maps
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Allie Beth Allman & Assoc. - Dallas

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Allie Beth Allman & Assoc. - Dallas
Texas, United States
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156
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2026
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Allie Beth Allman & Assoc. - Dallas
Dallas, Texas, United States
View agency profile
Last updated
October 2
First listed
October 2
Listing reference
21401696
Listing status
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