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2202 N Carroll Ave. Townhomes 2202 N Carroll Ave 5 Unit Apartment Building $3,095,000 ($619,000/Unit) 4.77% Cap Rate Dallas, TX 75204

INVESTMENT HIGHLIGHTS
- Luxury 5-unit Townhome Development
- East Village Location
- Rooftop Decks with unobstructed views of Downtown Dallas
EXECUTIVE SUMMARY
Centrally located in the heart of the vibrant East Village, this beautiful property is close to Downtown, a short walk to Dallas's newest & hottest urban development, The Central a twenty-seven acre $2.5 Billion live, work, & entertainment destination development, and many other entertainment destinations in Lower Greenville, Knox Henderson and Uptown. Positioned on a large corner lot and scheduled for completion in December, this building offers a unique living experience. Luxurious appointments throughout including premium interior finishes, abundant natural lighting, elevated ceilings, each unit with approximately 1,840 SF of living space, 2 bedrooms with ensuite baths, a dedicated study/work space on the 1st floor overlooking the patio, an open concept kitchen, a spacious living area with a large balcony on the 2nd floor, and an EV ready garage design that easily fits one full sized pickup/SUV and one standard sized vehicle. The residence is designed for comfort & entertainment throughout culminating with a five hundred square foot rooftop deck that provides commanding views of the Downtown Dallas skyline.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,095,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $619,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.77% | Building Size | 9,200 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | Z164 - Multi-family 2, MFT | ||
| Price | $3,095,000 |
| Price Per Unit | $619,000 |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 9,200 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | Z164 - Multi-family 2, MFT |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Deck
- Family Room
- Freezer
- Handrails
- Instant Hot Water
- Island Kitchen
- Linen Closet
- Office
- Pantry
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Pet Play Area
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 5 | $3,800 | 1,840 |
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2202 N Carroll Ave. Townhomes | 2202 N Carroll Ave
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