$2,550,000

16-unit condominium portfolio, one block from Bishop Arts. 15 of 16 units leased on 12–24 month terms with zero month-to-month exposure. $244,800 gross scheduled income at full stabilization. 6.9% cap rate at asking price of $2,750,000. Individually metered utilities. Tankless water heaters throughout. Full renovation complete with no deferred maintenance, and… Read MoreRead Less

Courtesy of Compass RE Texas, LLC, Rachael Gray Smith.

Listing Snapshot

Days Online

Last Updated

Sep 4, 2026

Property Type

Apartment

Beds

Full Baths

Lot Size

0.12 Acres

Year Built

1925

MLS Number

21318003

Additional Details

Appliances & Equipment

Dishwasher, ElectricOven, Refrigerator

Building

Built in 1925, Year Built Details: Preowned, 4 buildings, Levels: Two, Construction Materials: Brick, VinylSiding

Energy Saving

Energy Efficiency: WaterHeater, Water Conservation: EfficientHotWaterDistribution

Expenses

Insurance: $5,500

Floors

Laminate

Foundation

Slab

Income

Gross Income: $234,840, Net Operating Income: $148,524

Interior Features

EatInKitchen, GraniteCounters, HighSpeedInternet, KitchenIsland, MultipleStaircases, OpenFloorplan, WalkInClosets

Lot

0.121 acres, CornerLot

Parking

10 total parking spaces, Common, NoGarage, Paved, ParkingLot, ParkingPad, OnStreet

Pool

None

Roof

Composition, Shingle

Sewer

PublicSewer

Taxes

Parcel Number: 00000255319000000, Annual Amount: $15,749, Tax Block: 33315, Legal Description: DALLAS LAND AND LOAN 2 BLK 33/3153 50FT LT 2, Lot: 2

Utilities

NaturalGasAvailable, SewerAvailable, SeparateMeters, WaterAvailable, Water Source: Public

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435 W 9th Street

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