Listing
Active
$450,000
For sale
3525 Co••••• Ave (Sign up for 50 free credits to unlock)Dallas, TX 75215
6Beds
6Baths
1,989Sq Ft Living
6,447Sq Ft Lot
1964Year Built
Property Description
Excellent opportunity to buy an affordable 6-plex very close to downtown. Well maintained property with excellent tenants and payment history. Rents could be increased when leases end to create an even better return. Recent infrastructure work on 45 and 310 plus real estate development in the Forest Theatre District and the Cedars makes this prime to buy now. Roof replaced in 2019; renovations in each unit throughout the last few years. Most of the units have been converted to ceramic tile floors. Reach out with questions!
Property Facts & Features
- Property Type
- Apartment
- Status
- Active
- Listed
- Jun 29, 2026
- Price per Sq Ft
- $226/sqft
- ZIP Code
- 75215
- Full Baths
- 6
- Stories
- 2
- Parking
- Common, ParkingLot
- Heating
- Electric
- Cooling
- CeilingFans, Electric, WallWindowUnits
- Construction
- Brick, WoodSiding
- Property Tax (2025)
- $9,218/yr
- Assessed Value
- $414,000
- Neighborhood
- Queen City
- County
- Dallas
- School District
- Dallas Independent School District
Estimated Value
$498,000Range $306,045 to $592,600
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Land Info
- Lot Size Acres: 0.148
- Lot Size Square Feet: 6447
Utilities
- Sewer: PublicSewer
- SewerAvailable
- WaterAvailable
- CableAvailable
- Water Source: Public
Rental Info
- Gross Income: 52519
Commercial Info
- Net Operating Income: 27863
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 6
Interior Features
- HighSpeedInternet
- CableTv
- Flooring: Hardwood, Tile
Garage and Parking
- Parking Features: Common, ParkingLot
School Information
- Elementary School: Dunbar
- High School: Madison
- Middle School: Dade
Heating and Cooling
- Cooling Features: CeilingFans, Electric, WallWindowUnits
- Heating Features: Electric
- Heating: Yes
- Ceiling Fans: Yes
Other Property Info
- Tax Block: 21185
- Source Listing Status: Active
- County: Dallas
- Cap Rate: 6.19
- Directions: From I-45 S, take exit 283A toward Lamar St. Merge onto Julius Schepps Fwy, then turn left onto Julius Schepps Service Rd E. Turn right onto Colonial & property is to the right.
- Exclusions: Tenants' personal items
- Insurance Expense: 3864
- Source Neighborhood: Ervay Street Heights
- Parcel Number: 00000143329000000
- Postal City: DALLAS
- Postal Code Plus 4: 3423
- Subdivision: Ervay Street Heights
- Property Subtype: Apartment
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Total Square Feet Living: 1989
- Year Built: 1964
- Building Area Source: PublicRecords
- Building Area Total: 1989
- Construction Materials: Brick, WoodSiding
- Foundation Details: PillarPostPier
- Levels: Two
- Property Age: 62
- Property Condition: Resale
- Roof: Composition
- Levels or Stories: 2
- Year Built Details: Preowned
Location
Lat 32.75753 · Lng -96.77219