$999,999

4021 Gilbert Ave Unit 6 Dallas, TX 75219

Oak Lawn Neighborhood

Estimated payment $6,990/month

Total Views 15,652
6 Beds
6 Baths
16,000 Sq Ft
$62 Price per Sq Ft

Highlights

  • 0.37 Acre Lot
  • Wood Flooring
  • Granite Countertops
  • Vaulted Ceiling
  • Loft
  • Balcony

About This Home

PLEASE NOTE: This is a 4 condo package within an 11 condo unit building, NOT a multi-family. Other units are owned by independent entities.AGENTS: PLEASE READ PRIVATE REMARKSExclusive Real Estate Investment – 4 Condo Units in a Spanish-style Building 4021 Gilbert AvenuePrime Turnkey Opportunity in a High-Demand MarketDiscover an exceptional investment opportunity with four premium condo units in the sought-after neighborhood of 4021 Gilbert Avenue. This rare package offers immediate rental income, strong appreciation potential, and a hassle-free, high-yield asset in one of the most desirable areas.Investment Highlights:? 4 Modern Condo Units – Renovated finish outs, no carpet, spacious layouts, includes parking? Premier Location – Situated in a vibrant, walkable area near top dining, shopping, and entertainment.? High Rental Demand – Strong occupancy rates with premium rental income potential.? Turnkey Cash Flow – Ideal for investors seeking steady, passive income with minimal management.? Strong Appreciation Potential – Located in a high-growth market with increasing property values.? Perfect for Portfolio Diversification – A rare opportunity to own multiple units in a prime area.Why Invest in This Opportunity?4021 Gilbert Avenue is surrounded by strong rental demand, upscale amenities, and a thriving real estate market. Whether you're a seasoned investor or looking for a high-yield, low-maintenance investment, this opportunity provides both immediate cash flow and long-term appreciation.

Last Listed By

Noy Bolurian

Texas Urban Living Realty Brokerage Phone: 214-823-7783 License #0667356 Listed on: 03/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,853

Year Built

  • Built in 1974

Lot Details

  • 0.37 Acre Lot
  • Subdivision Possible

HOA Fees

  • $999 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 16,000 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Loft

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Concrete
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Detached Carport Space
  • Common or Shared Parking
  • Outside Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Uncovered Courtyard
  • Outdoor Grill

Schools

  • Milam Elementary School
  • Spence Middle School
  • North Dallas High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 15 / F1569
  • Assessor Parcel Number 00000160657300000
  • $16,618 per year unexempt tax

Community Details

Overview

  • Association fees include sewer, trash, water
  • 16,000 Sq Ft Building
  • Gilbert Street Condo HOA, Phone Number (214) 882-0763
  • Gilbert Street Condo Subdivision
  • Mandatory home owners association

Amenities

  • Community Mailbox

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,853

Year Built

Built in 1974

Lot Details

0

HOA Fees

$999 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Single Units
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 58313
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 62.49994
  • Attribution Contact: 214-823-7783
  • Special Features: None
  • Year Built: 1974

Interior Features

  • Square Footage: 16000.00
  • Interior Amenities: Built-in Features, Granite Counters, Loft, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Ceramic Tile, Concrete, Laminate, Luxury Vinyl Plank, Vinyl, Wood
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition, Tar/Gravel, Other
  • Construction Materials: Stucco
  • Exterior Features: Balcony, Courtyard, Outdoor Grill, Uncovered Courtyard

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air
  • Number Of Parking Spaces: 6
  • Parking Features: Assigned, Carport, Common, Covered, Detached Carport, Outside, Private, Varies by Unit

Utilities

  • Heating: Central
  • Utilities: City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected

Condo/Co-op/Association

  • HOA Fee Includes: Sewer, Trash, Water
  • Complex Name: Gilbert Street Condos
  • Association Fee: 11985
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Gilbert Street Condo HOA
  • HOA Management Company: 214-882-0763

Schools

  • School District: Dallas ISD
  • Elementary School: Milam
  • Middle School: Spence
  • High School: North Dallas
  • School District: Dallas ISD
  • Elementary School: Milam

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.3670
  • Parcel Number: 00000160657300000
  • Lot Size Acres: 0.3670
  • Lot Size Sq Ft: 15986.5200

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1974
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 32527.00
  • Gross Annual Income: 83040.00
  • Insurance Expense: 2723
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 16618
  • TaxBlock: F1569
  • Tax Lot: 15

MLS Schools

  • Middle School Name: Spence
  • Elementary School Name: Milam
  • High School Name: North Dallas

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,853 $217,140 $65,360 $151,780
2022 $5,429 $217,140 $65,360 $151,780
2021 $5,728 $217,140 $65,360 $151,780
2020 $5,891 $217,140 $65,360 $151,780
2019 $6,178 $217,140 $65,360 $151,780
2018 $4,294 $157,920 $65,360 $92,560
2017 $3,757 $138,180 $42,480 $95,700
2016 $3,758 $138,180 $42,480 $95,700
2015 $3,799 $138,180 $42,480 $95,700
2014 $3,799 $138,500 $42,480 $96,020
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 For Sale $999,999 +76823.0% $62 / Sq Ft
07/15/2013 07/15/13 Sold -- -- --
07/11/2013 07/11/13 For Sale $1,300 -- $1 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Chicago Title
Vendors Lien -- Capital Title
Vendors Lien -- --
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 Purchase Money Mortgage
Previous Owner $142,500 Unknown
Previous Owner $138,500 Purchase Money Mortgage
Previous Owner $91,675 Unknown
Previous Owner $91,675 No Value Available
Previous Owner $31,500 No Value Available
Source: Public Records

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20844306

North Texas Real Estate Information Systems (NTREIS)

APN: 00000160657300000

Texas Dallas County Dallas 75219 Oak Lawn

4021 Gilbert Ave Unit 6, Dallas, TX

This home is located at 4021 Gilbert Ave Unit 6, Dallas, TX 75219 and is currently priced at $999,999, approximately $62 per square foot. This property was built in 1974. 4021 Gilbert Ave Unit 6 is a home located in Dallas County with nearby schools including Ben Milam Elementary School, Alex W. Spence Talented/Gifted Academy, and North Dallas High School.

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Nearby Homes
Listing Agent
Noy Bolurian
Section Image
Texas Urban Living Realty
(469) 689-4846