• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Compass RE Texas, LLC.- MLS# 21217731MLS ProviderContact Information: Alan Sahliyeh - 214-543-2912

4223 Delano PlaceDallas, TX 75204

Multi-Family · 9 Beds · 9 Full Baths · 5 Half Baths · 5,879 Sq. ft. | 0.16 Acres
$2,495,000 Active

4223 Delano Place Overview

Visits:
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Fully leased and turnkey, this exceptional 5-unit condo platted townhome community in highly sought-after East Dallas presents a rare investment opportunity with immediate income and long-term upside. Built in 2021, the property features four spacious 2-bedroom, 2.1-bath units and one 1-bedroom, 1.5-bath unit, thoughtfully designed with modern finishes and functional layouts. Each home offers an open-concept floor plan with abundant natural light, granite countertops throughout, and well-appointed living spaces ideal for today’s renters. All bedrooms are privately situated on the third floor, creating a comfortable separation between living and sleeping areas. A standout feature of the property is the private rooftop decks on every unit, complete with turf and offering impressive skyline views—perfect for entertaining or relaxing. The 1-bedroom unit (Unit 5) is currently operating as a short-term rental, providing additional income flexibility and enhanced revenue potential. Ideally located within walking distance to some of East Dallas’ most popular dining, retail, and entertainment destinations, this property combines strong in-place cash flow with an unbeatable location. Whether you’re looking to expand your portfolio or secure a stabilized asset in a high-demand area, this offering checks all the boxes.

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4223 Delano Place Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,879
  • Price/Sq.ft. $424
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Chavez
  • Middle Or Junior School: Spence
  • High School: North Dallas

Income/Expenses

  • Gross Income: 204480.0
  • Insurance Expense: 9594.0
  • Net Operating Income: 147200.0
  • Operating Expense Includes: Capital Improvements,Insurance,Mortgage/Loans,Maintenance Grounds,Maintenance Structure,Maintenance,Utilities

Building Information

  • Year Built: 2021
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Haskell Place

Tax Information

  • Tax Annual Amount: 46839.0

General Information

  • Exclusions: All furnishings and personal belongings in units 1-4, unit 5 currently operating as a short term rental, furnishings not excluded.
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 9.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 9
  • Bathrooms Half: 5
  • Bathrooms Total: 14
  • Bedrooms Total: 9

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 5879.0

General Information

  • Appliances: Dishwasher,Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator,Tankless Water Heater,Vented Exhaust Fan
  • Flooring: Carpet,Tile,Wood
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Double Vanity,Eat-in Kitchen,Granite Counters,Kitchen Island,Open Floorplan,Walk-In Closet(s)
  • Levels: Three Or More
  • Security Features: Security System,Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Driveway,Garage Faces Rear
  • Parking Total: 9.0

Lot Information

  • Lot Size Acres: 0.155
  • Lot Size Area: 0.155
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6751.8
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Fiber Cement,Wood Siding
  • Patio And Porch Features: Rooftop
  • Roof: Flat

General Information

  • Carport Spaces: 5.0
  • Carport: Yes
  • Covered Spaces: 14.0
  • Fencing: Fenced
  • Number Of Units Total: 5
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Available,Sewer Available,Separate Meters,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 4

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4223 Delano Place Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4223 Delano Place Market Data

Based on the last 30 days in this zip code

$656,271
Average List Price
$332
Average Price per Square Foot
30
Properties Sold
84
Average Days on Market
220
Properties for Sale
Calculations provided by Reliance Network


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