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3525 Colonial Avenue

Dallas, TX 75215

$450,000

6 units · 1964

Units6
Building area1,989 sq ft
Year built1964
Gross income$52,519/yr
Cap rate6.19% as listed
Lot size0.148 acres
TypeApartment

What it costs to own

Taxes$8,760 per year
HOANone listed
Operating expenses$24,656 per year — as listed
Insurance$3,864 per year — as listed
Net operating income$27,863 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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!

The details

HeatingElectric
CoolingCeiling Fan(s), Electric, Wall/Window Unit(s)
FlooringHardwood, Tile
AppliancesOther
Interior featuresCable TV Available, High Speed Internet Available

Construction materialsBrick, Wood
RoofComposition
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer

SubdivisionErvay Street Heights

ElementaryDunbar
Middle schoolDade
High schoolMadison
DistrictDallas ISD

Gross income$52,519 per year
Operating expenses$24,656 per year
Insurance$3,864 per year
Cap rate6.19% — as listed
Net operating income$27,863 per year

MLS #21309010
Source
Price changeReduced by $25,000 · Sep 28, 2026
On the market107 days
CountyDallas

Around this home

One moment…

Everyday life

Nearest groceryTom Thumb · 2.4 mi
Nearest parkExline Park · 0.7 mi

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Listing courtesy of Keller Williams Urban Dallas — Matt Templeton.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21309010. Information last updated October 15, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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