5-Unit Multifamily in Dallas, TX
TX · listed Jun 10, 2025 (504 days)
- $/unit
- $360,000
- ▲ 291% vs TX · 96th pct
- Cap rate
- 5.2%
- ▼ 2.2 pts vs TX median
- NOI
- $93K
- $18,648/unit/yr
- Units
- 5
- 2 bldg · 1983
Financials
- Asking price
- $1,800,000
- Price per unit
- $360,000
- Price per sq ft
- $273
- Gross rent / year
- Not stated
- Net operating income
- $93,238
- NOI per unit
- $18,648
- Cap rate
- 5.2%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1983
- Building size
- 6,600 sq ft
- Avg unit size
- 1,320 sq ft
- Lot size
- 0.2 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 10, 2025
- Days on market
- 504 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1934
About this property
Fully renovated and cash-flow ready—5105 Vandelia is a turn-key 5-unit investment property located in Dallas’s booming Medical District. Built in 1983, each unit features 2 bedrooms, 2 bathrooms, a two-car garage, and 1,320 sq ft of living space. All units have been stylishly updated with hardwood floors, quartz countertops, and modern bathrooms. Each one also includes a private balcony and fenced yard—ideal for added tenant appeal. Exterior upgrades include fresh paint and new fencing, while major systems are in excellent condition with 4 of 5 HVACs replaced and a lifetime transferable foundation warranty in place. Currently leased below market, this property offers strong upside potential through rent increases or conversion to short-term rentals—making it an ideal option for travel nurse housing or furnished corporate stays. With its proximity to major hospitals, employment centers, and transportation hubs, this is a low-maintenance, high-potential asset in one of DFW’s most in-demand rental markets. Please do not disturb tenants—contact the listing agent for showings.
5105 Vandelia 5 Plex Oaklawn Neighborhood
Location
Approximate area. The exact address is shared on request.
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