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2308 Britton Drive

Dallas, Texas 75216
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Bed 6

Bed

Bath 5

Bath

SqFt2,617

Sqft

Acres0.20

Acre(Lot)

This exceptional Dallas multifamily investment opportunity at 2308 Britton Avenue is priced to clear the market at a highly attractive $499,000, breaking the critical sub-$100k price-per-door barrier while delivering powerful, immediate cash flow. The unique property configuration features a main fourplex containing four separate 1-bedroom units , alongside a completely detached 2-bedroom, 1-bathroom single-family house situated at the back of the lot. The entire property benefits from a comprehensive $125,000 renovation in 2023 consisting of new paint, flooring, cosmetics, brand-new mini-splits in Units 1 and 2, and brand-new central HVAC systems in Units 3, 4, and 5. Investor flexibility is maximized as all current leases are strictly month-to-month, and the property is delivered with Un it 1 and Unit 4 completely vacant, allowing a buyer to immediately lease them out at top-of-market rental rates to maximize the building's true yield potential. The current income stream on this asset is remarkably strong, with Unit 2 occupied at $1,200 per month, Unit 3 leased at a steady $1,150 per month, and the detached back house (Unit 5) pulling $1,575 per month. While the property was previously operated as a Airbnb, it has since been transitioned away from short-term rentals, though the underlying infrastructure remains perfectly optimized for a buyer wanting to re-enter that lucrative short-term or mid-term travel nurse housing space. Furthermore, a massive, built-in value-add opportunity exists because the landlord currently covers utility expenses; by simply implementing a Ratio Utility Billing System (RUBS) or passing these metered utility costs back to the month-to-month tenants, an incoming owner can instantly eliminate a major operational expense line item and force the net operating income and cap rate straight upward without spending a single dollar on physical renovations.

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Detail Ic Property Details

Property Type : Residential Income

Price : $499,000

AD Id : 86615312

MLS Id : 565947848

Beds : 6

Lot Size : 0.20 Acre

Living Area Size : 2,617

Year Built : 1925

County : Dallas

Subdivision: Broadmoor

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 5 Full Baths: 5
  • Interior Features

    Decorative Lighting

    Appliances

    Dishwasher,Dryer,Electric Range,Refrigerator,Washer

    Utilities

    City Sewer,City Water,Co-op Electric
  • Cooling Features

    Central Air,Electric,Multi Units

    Heating Source

    Central,Electric,Zoned

  • Building Information

    Built Year: 1925 Building Area Total: 2,617 Construction: Siding Roof Type: Composition
  • Foundation

    Pillar/Post/Pier
  • Construction Materials

    Siding

  • Lot Information

    Lot Size (Acr): 0.2030 Lot Size Units: Acres Lot Size Square Feet: 8,843
  • Property Information

    SQ ft (Living Area): 2,617 Property Type: Residential Income Property Sub Type: Apartment Subdivision: Broadmoor City: Dallas State: Texas Directions: GPS Property Status: Active Levels: Two Property Age: 101 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $499,000 List Price Tot SqFt: $191
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 00000311191000000 Tax Block: 29/42 Tax Legal Description: BROADMOOR BLK 29/4228 LT 3 Tax Lot: 3

  • Parking Information

    Parking: 4 Parking Features: Driveway
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Miller Middle School: Oliver Wendell Holmes High School: Roosevelt School District: Dallas ISD
  • Utility Information

    Utilities: City Sewer,City Water,Co-op Electric
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 07/01/2026 @ 14:00

MLS: 565947848 LISTED BY: Jett Waters, Real Broker, LLC 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

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