MULTIFAMILYRADAR
5-Unit Multifamily in Dallas, TX, photo 11 / 11
NewStabilized
$2,300,000

5-Unit Multifamily in Dallas, TX

Dallas County, TX · listed Nov 1, 2026 (1 day)

Price per unit compared
This property$460K
Within ~40 mi (124)$141K
Texas median (1,010)$99K
$/unit
$460,000
▲ 363% vs TX · 98th pct
Cap rate
—
 
Gross yield
—
 
Units
5
1 bldg · 2019

Financials

Asking price
$2,300,000
Price per unit
$460,000
Price per sq ft
$277
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
five units is a two-bedroom, 2.5-bath residence
Buildings
1
Year built
2019
Building size
8,292 sq ft
Avg unit size
1,658 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Nov 1, 2026
Days on market
1 day
On MultifamilyRadar
Nov 2, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2301

About this property

A new investment opportunity to the market (new photos coming, but wanted to get the property into the market asap). 1931 North Prairie is a 100% leased five unit complex with a five year history of proven income in a high demand area. This property consistently attracts and retains quality tenants, with a location second to none. It sits just minutes from Uptown, Downtown, West Village, Klyde Warren Park, the Arts District, Central Expressway, SMU, major hospitals, Lower Greenville, and some of Dallas’s best shopping, dining and entertainment. Each of the five units is a two-bedroom, 2.5-bath residence with tall ceilings, open-concept design, abundant natural light, real wood floors, and contemporary kitchens. Both bedrooms have ensuite baths, and washers and dryers are included. A private two-car garage opens directly into each unit, providing the highest security and convenience. And the building design and corner location provide easy access to each garage, with a more spacious feeling to the property than most five unit properties in the area. And a secured, fenced, artificial turf-covered courtyard gives pet owners a rare amenity. Hold all five as a rental portfolio or pursue individual unit sales. Airbnb and short-term rentals are allowed. For an investor who wants a turnkey multifamily asset in a prime Dallas location, this is an outstanding opportunity.

100% Leased Five Unit in Very Robust Area of Dallas

Highlights

1931 North Prairie is a 100% leased five unit complex with a five year history of proven income in a high demand area. This property consistently attracts and retains quality tenants, with a location second to none. Hold all five as a rental portfolio or pursue individual unit sales. Airbnb and short-term rentals are allowed. For an investor who wants a turnkey multifamily asset in a prime Dallas location, this is an outstanding opportunity.

Location

Approximate area. The exact address is shared on request.

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