MULTIFAMILYRADAR
5-Unit Multifamily in Dallas, TX, photo 1
Value-add
$1,800,000

5-Unit Multifamily in Dallas, TX

TX · listed Jun 10, 2025 (504 days)

Price per unit compared
This property$360K
Within ~40 mi (141)$133K
Texas median (1,196)$92K
$/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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