Active

3209 Norwalk Avenue

Dallas, Texas 75220

$879,000 $3,705/Mo

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Overview

Bed

Bath

0.18

Acre(Lot)

Description

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 ex pirations. 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.

Property Details

Property Type : Residential Income

Price : $879,000

AD Id : 76721081

MLS Id : 556035107

Beds : 8

Lot Size : 0.18 Acre

Year Built : 1982

County : Dallas

Subdivision: Hickory Creek Ph 02

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 8

Bathroom Information

Total Baths: 8 Full Baths: 8
Interior Features

Cable TV Available

Appliances

Electric Oven,Electric Range,Microwave,Refrigerator

Utilities

City Sewer,City Water,Community Mailbox,Electricity Available,Master Gas Meter,Master Water Meter
Cooling Features

Ceiling Fan(s),Central Air

Heating Source

Central

Building Information

Built Year: 1982 Building Area Total: 5,136 Construction: Brick,Frame,Siding,Wood Roof Type: Composition,Shingle
Foundation

Slab
Construction Materials

Brick,Frame,Siding,Wood

Lot Information

Lot Size (Acr): 0.1820 Lot Size Units: Acres Lot Size Square Feet: 7,928
Property Information

Property Type: Residential Income Property Sub Type: Apartment Subdivision: Marshall Ter Add City: Dallas State: Texas Directions: GPS Property Status: Active Levels: Two Property Age: 44 Year Built Details: Preowned

Listing Price Information

Original List Price: $879,000
Listing Information

Possession: Closing/Funding

Tax Information

Parcel Number: 00000431632000000 Tax Block: D/577 Tax Legal Description: MARSHALL TERRACE BLK D/5775 LT 29 Tax Lot: 29 Unexempt Taxes: $18,054

Parking Information

Parking: 12 Parking Features: Parking Lot,Paved
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Foster Middle School: Cary High School: Jefferson School District: Dallas ISD
Utility Information

Utilities: City Sewer,City Water,Community Mailbox,Electricity Available,Master Gas Meter,Master Water Meter

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5543 Edlen Drive, Dallas, TX, 75220	$6,995,000	5	9	9,000	9,000 SqFt
5431 Edlen Drive, Dallas, TX, 75220	$7,400,000	5	7	8,683	8,683 SqFt
9525 Alva Court, Dallas, TX, 75220	$9,900,000	6	9	11,037	11,037 SqFt
5110 Park Lane, Dallas, TX, 75220	$9,999,000	5	9	14,921	14,921 SqFt
5110 Park Lane, Dallas, TX, 75220	$9,999,000	5	9	14,921	14,921 SqFt
5045 Lakehill Court, Dallas, TX, 75220	$4,700,000	7	9	7,781	7,781 SqFt
9930 Strait Lane, Dallas, TX, 75220	$4,990,000	5	6	6,412	6,412 SqFt
4424 Glenleigh Drive, Dallas, TX, 75220	$3,489,000	5	7	6,578	6,578 SqFt
4424 Manning Lane, Dallas, TX, 75220	$3,950,000	4	5	6,530	6,530 SqFt
4234 Williamsburg Road, Dallas, TX, 75220	$4,350,000	5	7	7,000	7,000 SqFt

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ByOwner last updated this listing 06/12/2026 @ 16:30

MLS: 556035107 LISTED BY: Porfirio Segovia, Creative Real Estate Solutions LLC. 469-231-3283 SOURCE: NTREIS - North Texas Real Estate Information