• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Creative Real Estate Solutions LLC.- MLS# 21227705MLS ProviderContact Information: Porfirio Segovia - 469-261-9819

3209 Norwalk AvenueDallas, TX 75220

Multi-Family · 8 Beds · 8 Full Baths · 5,136 Sq. ft. | 0.18 Acres
$879,000 Active

3209 Norwalk Avenue Overview

Visits:
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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.

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3209 Norwalk Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,136
  • Price/Sq.ft. $171
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Foster
  • Middle Or Junior School: Cary
  • High School: Jefferson

Income/Expenses

  • Operating Expense Includes: Gardener,Insurance,Maintenance,Professional Management,Trash,New Tax,Utilities,Water/Sewer

Building Information

  • Year Built: 1982
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Marshall Ter Add

Community/Development

  • Community Features: Community Mailbox

Tax Information

  • Tax Annual Amount: 18054.0

General Information

  • Listing Terms: Cash,Conventional
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Total: 8
  • Bedrooms Total: 8

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 5136.0

General Information

  • Appliances: Electric Oven,Electric Range,Microwave,Refrigerator
  • Flooring: Ceramic Tile,Laminate,Vinyl
  • Foundation Details: Slab
  • Interior Features: Cable TV
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Paved,Parking Lot
  • Parking Total: 12.0

Lot Information

  • Lot Size Acres: 0.182
  • Lot Size Area: 0.182
  • Lot Size Square Feet: 7927.92
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Frame,Wood Siding
  • Roof: Composition,Shingle

General Information

  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 8

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.

3209 Norwalk Avenue 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.

3209 Norwalk Avenue Market Data

Based on the last 30 days in this zip code

$1,721,329
Average List Price
$471
Average Price per Square Foot
22
Properties Sold
87
Average Days on Market
136
Properties for Sale
Calculations provided by Reliance Network


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