$1,600,000

Estimated payment $10,885/month

Total Views 13,611
7 Beds
5.5 Baths
2,518 Sq Ft
$635 Price per Sq Ft

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Cedar Closet
  • Lakewood Elementary School Rated A-
  • Granite Countertops
  • Woodwork

About This Home

Discover a RARE OPPORTUNITY in the heart of Lakewood—a thoughtfully updated tri-plex while preserving its timeless character. This versatile property is currently configured as a 3-unit residence with 7 bedrooms, 5 bathrooms, and 3 full kitchens, along with 2 formal living rooms and 2 dining rooms. From a cozy 2 bedroom, with Murphy bed, to spacious 2- and 3-bedroom layouts, each unit offers unique charm, featuring original hardwood floors, cast stone fireplace mantels, elegant cabinetry, vaulted or cove ceilings, and expansive windows that fill the home with natural light.

The second-floor unit includes a charming balcony with peek-a-boo views of White Rock Lake—perfect as a dining or morning coffee space. A separate, approx. +1,600 sq ft (per owner) two-story guest quarters adds flexibility with a modern kitchen, open-concept living room, built-in office, and 2 car garage.

Outside, you'll find new privacy fencing, and lush landscaping—all contributing to incredible curb appeal. Located just one block west of White Rock Lake, this property sits on a prime corner lot at Delrose & Lakewood.
With Neighborhood Services zoning, the possibilities are endless: convert to a single-family estate or continue as a charming rental investment. This historic Lakewood treasure is a one-of-a-kind opportunity to own a piece of East Dallas history.

All three units are currently leased at 7303- Upper Unit $2,650, 7301- Lower Unit $2,850, and 7301- Back House $2,850 per month. The lower unit is leased through Fall 2025, while the upper and back units are leased through March and April 2026, respectively.

Listing Agent

Feustel Group

Compass RE Texas, LLC License #0544796 Listed on: 04/25/2025

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,578

Year Built

  • Built in 1937

Lot Details

  • 9,017 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Spanish Tile Roof

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Cedar Closet

Parking

  • Garage
  • Garage Door Opener
  • Off-Street Parking

Schools

  • Lakewood Elementary School
  • Woodrow Wilson High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 1 / A4416
  • Assessor Parcel Number 00000322528000000

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • 2,518 Sq Ft Building
  • Lakewood Blvd Add Subdivision

Building Details

  • Gross Income $91,736
  • Net Operating Income $52,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,578

Year Built

Built in 1937

Lot Details

0

Listing Details

  • OWNERNAME: See Agent
  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • CapRate: 3.26
  • Co List Office Mls Id: CMPS05
  • Special Features: VirtualTour
  • Year Built: 1937

Interior Features

  • Interior Amenities: Cedar Closet(s), Cathedral Ceiling(s), Granite Counters, High Speed Internet, Natural Woodwork
  • Flooring: Concrete, Ceramic Tile, Hardwood
  • Appliances: Dishwasher, Disposal

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7

Exterior Features

  • Foundation: Pillar/Post/Pier, Slab
  • Roof: Spanish Tile
  • Construction Materials: Brick
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s)
  • Parking Features: Door-Single, Garage, Garage Door Opener, Off Street
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Natural Gas
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Lakewood
  • High School: Woodrow Wilson
  • Junior High Dist: Dallas ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.207
  • Parcel Number: 00000322528000000
  • Lot Size Acres: 0.207
  • Lot Size Sq Ft: 9016.92

Building Info

  • Year Built: 1937
  • Units Total: 3

Multi Family

  • Insurance Expense: 3744.0
  • Annual Gross Income: 91736.0
  • Property Net Operating Income: 52112.0

Tax Info

  • TaxBlock: A4416
  • Tax Lot: 1
  • Tax Annual Amount: 24578.0

MLS Schools

  • MiddleOrJuniorSchool: Long

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2024 $19,518 $1,099,660 $630,000 $469,660
2023 $19,518 $727,730 $432,000 $295,730
2022 $15,129 $605,060 $432,000 $173,060
2021 $19,528 $740,250 $378,000 $362,250
2020 $20,082 $740,250 $378,000 $362,250
2019 $21,062 $740,250 $378,000 $362,250
2018 $23,518 $864,890 $378,000 $486,890
2017 $17,934 $659,530 $270,000 $389,530
2016 $17,935 $659,530 $270,000 $389,530
2015 $16,788 $612,050 $252,000 $360,050
2014 $16,788 $612,050 $252,000 $360,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $1,600,000 0.0% $635 / Sq Ft
02/15/2025 02/15/25 Rented $2,650 0.0% --
02/03/2025 02/03/25 Under Contract -- -- --
01/11/2025 01/11/25 For Rent $2,650 0.0% --
02/01/2024 02/01/24 Rented $2,650 0.0% --
01/17/2024 01/17/24 Under Contract -- -- --
01/05/2024 01/05/24 For Rent $2,650 +20.5% --
01/24/2023 01/24/23 Rented $2,200 0.0% --
01/23/2023 01/23/23 Under Contract -- -- --
01/09/2023 01/09/23 Price Changed $2,200 -2.2% $2 / Sq Ft
11/16/2022 11/16/22 Price Changed $2,250 -2.0% $2 / Sq Ft
10/10/2022 10/10/22 Price Changed $2,295 -6.3% $2 / Sq Ft
09/02/2022 09/02/22 Price Changed $2,450 -3.9% $2 / Sq Ft
07/20/2022 07/20/22 Price Changed $2,550 -3.8% $2 / Sq Ft
06/27/2022 06/27/22 For Rent $2,650 +32.8% --
04/29/2019 04/29/19 Rented $1,995 -2.7% --
04/19/2019 04/19/19 Under Contract -- -- --
12/12/2018 12/12/18 For Rent $2,050 +37.1% --
09/25/2013 09/25/13 Rented $1,495 0.0% --
09/25/2013 09/25/13 For Rent $1,495 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $276,660 Unknown
Closed $356,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in Dallas, TX

  • 10654 Sandpiper Ln, Dallas, TX 75230

    $1,230,000

    • 6 Beds
    • 6 Baths
    • 4,656 Sq Ft
    • 10654 Sandpiper Ln
    • Dallas, TX

    Welcome to this stunning, move-in ready duplex offering exceptional style, comfort, and flexibility in one of the most sought-after neighborhoods near NorthPark Mall. Perfectly situated in a vibrant, tree-lined community, this beautifully updated property boasts designer finishes, modern upgrades, and timeless charm throughout.Each side of the duplex features spacious layouts with gleaming

    Alison Houpt Scout RE Texas

    Section Image
  • 2320 Arroyo Ave, Dallas, TX 75219

    $1,398,000

    • 6 Beds
    • 8 Baths
    • 5,140 Sq Ft
    • 2320 Arroyo Ave
    • Dallas, TX

    SELLER OFFERING CONCESSION TOWARD 2-1 RATE BUYDOWN WITH ACCEPTABLE OFFER. This sleek, transitional modern duplex in the heart of Dallas is perfectly situated between Uptown and the Medical District, and just minutes from Oak Lawn, Downtown, and the Design District. Architecturally designed with an impressive elevation, this three-story home offers expansive open-concept living and is bathed in

    Marjan Wolford Christies Lone Star

    Section Image

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20915820

North Texas Real Estate Information Systems (NTREIS)

APN: 00000322528000000