1516 Annex Avenue, Dallas, TX 75204

Dallas
Local realty services provided by:Better Homes and Gardens Real Estate Senter, REALTORS(R)
1516 Annex Avenue,Dallas, TX 75204
$6,350,000
Virtual Tour
  • - Beds
  • - Baths
  • 47,498 sq. ft.
  • Multi-family
  • Active
Listed by: john j canterbury iii
Office: allie beth allman & assoc.
MLS#:21188054
Source:GDAR

Price summary

  • Price:$6,350,000
  • Price per sq. ft.:$133.69

About this home

Stabilizing 60 Unit Vaue-Add Asset Opportunity - ~$416K NOI - Strong Upside - Prime East Dallas Location Main Description This is a rare opportunity to acquire a recently stabilized, cash-flowing 60-unit multifamily asset in the highly desirable East Dallas submarket, one of Dallas' strongest rental corridors with continued population and job growth. The property has undergone significant operational improvements, with occupancy now approaching stabilization and current NOI of ~$415,872, providing immediate in-place cash flow with additional upside remaining. Investment Highlights - Strong In-Place Cash Flow - Current NOI: ~$415K - Stabilizing occupancy (~88-90%) - Immediate yield with continued upside - Value-Add Completed or Near Completion - Operational improvements already executed - Reduced execution risk compared to typical value-add deals - Remaining Upside Potential - Rental increases through continued stabilization - Opportunity to...

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Home facts

  • Year built:1963
  • Listing ID #:21188054
  • Added:89 day(s) ago
  • Updated:May 25, 2026 at 11:46 AM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Disposal, Electric Range, Refrigerator
  • Living area:47,498 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:1963
  • Building area:47,498 sq. ft.
  • Lot area:1.09 Acres
  • Construction Materials:Brick, Stone, Wood Siding
  • Foundation Description:Pillar Post Pier
  • Levels:2 Story

Schools

  • High school:North Dallas
  • Middle school:Spence
  • Elementary school:Chavez

Finances and disclosures

  • Price:$6,350,000
  • Price per sq. ft.:$133.69
  • Tax amount:$116,460

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Range, Refrigerator

Parking

  • Total parking spaces:67
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated May 25, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Senter, REALTORS(R).

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