$3,318,000
435 W 9th St
Details
APN 00000255319000000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,040
Units 16
NOI $111
Year Built 1925
Buildings 4
Stories 2
Acreage 0.120
Zoning Z239
Parking Spaces 10 spaces
Parking Per SqFt 3.29
Multifamily | 16 Units
Marketing description
Exceptional portfolio opportunity to acquire a newly constructed 16-unit condo community in a highly walkable Dallas location just one block from nightlife, dining, and entertainment. The property is delivered fully vacant and rent-ready, offering a rare opportunity to lease at current market rates with no deferred maintenance and no existing tenants.
The unit mix includes studios, one-bedroom, and two-bedroom residences, ranging from 280- 1,041 SF. This flexible mix supports a variety of rental strategies, including long-term and mid-term rentals, with additional uses subject to city guidelines. (No HOA restrictions) Individual unit values range from $120,000–$349,000, with an average price per unit of approximately $207,000.
Ideal for investors seeking multiple exit options, including portfolio hold, refinance after stabilization, or future individual condo sales. Located in a strong demand submarket with proximity to lifestyle amenities, nightlife, and Downtown Dallas.
Investment highlights
- Multi-Family Information
- Number Of Buildings: 4
- Capitalization Rate: .00%
- Gross Annual Expenses: $111
- Gross Annual Income: $111
- Insurance Expense: $111
- Tenancy: 6 Months or Less, 9 Months or Less, Month to Month, Over 9 Months, Pets Allowed
- Net Operation Income: $111.00
- Unit 1
- Approximate SQFT: 1041.0
- Average Lease Amount: $2,000.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 2 Bedroom
- Unit Type Units Total: 1
- Unit 2
- Approximate SQFT: 673.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 3
- Approximate SQFT: 280.0
- Average Lease Amount: $1,100.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: Studio
- Unit Type Units Total: 4
- Unit 4
- Approximate SQFT: 981.0
- Average Lease Amount: $2,000.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 2 Bedroom
- Unit Type Units Total: 1
- Unit 5
- Approximate SQFT: 640.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 6
- Approximate SQFT: 769.0
- Average Lease Amount: $1,500.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 7
- Approximate SQFT: 674.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 8
- Approximate SQFT: 560.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 2
- Unit 9
- Approximate SQFT: 450.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 10
- Approximate SQFT: 570.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 11
- Approximate SQFT: 467.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Unit 12
- Approximate SQFT: 514.0
- Average Lease Amount: $1,400.00
- Living Area Length: 12.0
- Living Area Width: 13.0
- Number Of Baths Full: 1
- Number Of Baths Half: 0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 1
- Lot Size 0.12 AC / 5,270 SF
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/ntreis/21137128
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111.00
$9.25/mo
Valuation Metrics
0
DSCR
0%
Cap Rate
0%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
