$449,000
$101K PRICE DROP

Estimated payment $2,891/month

Total Views 11,516
5 Beds
5 Baths
3,420 Sq Ft
$131 Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available

About This Home

Please reach out to the listing company The Multifamily Group to set up a tour

The Multifamily Group is pleased to present the exclusive offering of the Mather Ct
5Plex in Dallas, Texas. Constructed in 1942, the property comprises four units within
a single structure each 725-745 SF, as well as an additional unit from a garage
conversion that is 480 SF. Every unit has one-bedroom and one-bathroom. The roof
is less than 6 years old, the wiring is copper, the sewer line is cast iron and the water line is
copper.

Located in the culturally rich Oak Cliff area, known for its diverse community and
proximity to downtown Dallas. The median household income in a 3-mile radius is
approximately $59,000, with a population of around 120,000 residents (Yardi). The
demand for affordable housing in the area presents a promising prospect for future
rental income. The property is being offered free and clear of existing debt.

Listing Agent

Jon Krebbs

The Multifamily Group Brokerage Phone: 972-379-9843 License #0635789 Listed on: 05/12/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1942

Lot Details

  • 3,420 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Schools

  • Rosemont Elementary School
  • Sunset High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 2/4932
  • Assessor Parcel Number 00000348256000000

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • 3,420 Sq Ft Building
  • 4Dsd79 Subdivision

Building Details

  • Gross Income $46,800
  • Net Operating Income $43,193

Property Details

Home Type

Apartment

Year Built

Built in 1942

Lot Details

0

Listing Details

  • OWNERNAME: David Campbell
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Attribution Contact: 972-379-9843
  • CapRate: 9.62
  • Co List Office Mls Id: MTFG01
  • Special Features: VirtualTour
  • Year Built: 1942

Interior Features

  • Interior Amenities: Cable TV
  • Flooring: Ceramic Tile
  • Appliances: Refrigerator

Beds/Baths

  • Full Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Shingle
  • Construction Materials: Brick, Vinyl Siding
  • Pool Features: None
  • Waterfront: No
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air, Wall Unit(s)
  • Parking Features: Asphalt, Gravel
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Utilities: Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Rosemont
  • High School: Sunset
  • Junior High Dist: Dallas ISD

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 3420.0
  • Parcel Number: 00000348256000000
  • Lot Size Acres: 0.0785
  • Lot Size Sq Ft: 3420.0

Building Info

  • Year Built: 1942
  • Units Total: 5
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 1710.0
  • Annual Gross Income: 46800.0
  • Property Net Operating Income: 43193.0

Tax Info

  • TaxBlock: 2/4932
  • Tax Lot: 2

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $449,000 -7.4% $131 / Sq Ft
07/09/2025 07/09/25 Price Changed $485,000 -11.8% $142 / Sq Ft
05/12/2025 05/12/25 For Sale $550,000 -- $161 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20936367

North Texas Real Estate Information Systems (NTREIS)