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4017 RAWLINS Street

Dallas, TX 75219

$2,100,000

5 units · 1925

Units5
Building area5,014 sq ft
Year built1925
Gross income$152,100/yr
Cap rate6.36% as listed
Parking10 spaces
Lot size172.521 acres
TypeResidential Income

What it costs to own

TaxesNot provided by the listing
HOA$200 per month · 4017 RAWLINS LLC
HOA fee coversMaintenance Grounds
Operating expenses$11,600 per year — as listed
Insurance$7,000 per year — as listed
Net operating income$133,500 per year — as listed

About this home

The Best of Both Worlds: 1920s Character Meets 21st-Century Premium Living
and where classic 1920s romance meets 21st-century sophistication. Originally constructed in 1925, 4017 Rawlins Street captures the historic soul of old Oak Lawn. Completely remodeled to the studs and framed by fresh, manicured landscaping, this property honors its architectural pedigree through a beautifully preserved heritage exterior, while introducing pristine, tech-forward modern spaces.

5 Distinct, Bespoke Residences (5,014 Total SF)
This boutique compound features two 1-bedroom units and three 2-bedroom units, each boasting entirely unique layouts and upscale finishes:
* Vintage Soul: Individual fireplaces, original restored hardwood floors, and elegant new custom tilework.
* Premium Finishes: Chef's kitchens and baths outfitted with granite countertops and full stainless-steel appliance packages.
* Modern Comforts: In-unit full-sized washers and dryers included in every residence.
* Private Oasis: Every home features a dedicated outdoor retreat, including intimate patios or covered verandas.

Gated Parking, Tech & Strategic Flexibility
* Secure Parking: Fully fenced, gated rear lot offering a covered parking space for each unit plus extra guest spaces.
* EV Charging: On-site electric vehicle charging station installed in the secure parking lot.
* Turnkey Setup: Individually metered utilities and fully established HOA documents are already finalized.
* Exit Strategy: Excellent versatility—hold as a high-performing multi-family asset or sell immediately as individual luxury condos.

Premier Walkable Location
Situated in a highly walkable, tree-lined pocket of Oak Lawn, residents are near neighborhood restaurants, retail, offices, and the trails of Turtle Creek. Take advantage of this rare, storied lifestyle asset that generic modern builds simply cannot replicate.

The details

HeatingCentral
CoolingCeiling Fan(s), Central Air
FlooringCeramic Tile, Hardwood, Tile
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Dryer, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Interior featuresCable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, High Speed Internet Available, Natural Woodwork, Open Floorplan, Vaulted Ceiling(s)
Fireplace5 · Bedroom, Brick, Den, Family Room

Construction materialsStucco
RoofComposition
FoundationPillar/Post/Pier

FencingBack Yard, Front Yard, Full, Gate, High Fence, Wood, Wrought Iron
Water sourceCity Water
SewerCity Sewer

SubdivisionMELROSE CONDOS
Community featuresElectric Car Charging Station

ElementaryHouston
Middle schoolRusk
High schoolNorth Dallas
DistrictDallas ISD

Gross income$152,100 per year
Operating expenses$11,600 per year
Insurance$7,000 per year
Cap rate6.36% — as listed
Net operating income$133,500 per year

MLS #21343610
Source
On the market9 days
CountyDallas

Around this home

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Listing courtesy of Allie Beth Allman & Assoc. — KJ Murphy.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21343610. Information last updated October 28, 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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