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4222 Newton Ave 6 Unit Apartment Building For Sale 4.93% Cap Rate Dallas, TX 75219
Investment Highlights
- 100% Occupancy
- Consistent rental demand driven by location
- Situated in a highly sought-after Dallas neighborhood
Executive Summary
4222 Newton Ave is a 6-unit garden-style multifamily property in Dallas’ Oak Lawn / Knox-Henderson area. The 1959-built property is 100% occupied and comprised entirely of 1BD/1BA units averaging 825 SF. The offering memorandum indicates a stabilized NOI of approximately $69,084, reflecting a ~4.93% cap rate and an implied GRM of roughly 12.8x on in-place income. Current average rents of $1,514 per unit ($1.84/SF) trail nearby comparables, suggesting upside potential through rent growth and light interior updates.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.93% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 12.8 | Building Size | 5,016 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2017 |
| Apartment Style | Low-Rise | Parking Ratio | 1.19/1,000 SF |
| Zoning | Z164 | ||
| Sale Type | Investment |
| Cap Rate | 4.93% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,016 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2017 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | Z164 |
Amenities
Site Amenities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 850 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00000161323000000 | Improvements Assessment | $266,250 |
| Land Assessment | $777,750 | Total Assessment | $1,044,000 |
Property Taxes
Parcel Number
00000161323000000
Land Assessment
$777,750
Improvements Assessment
$266,250
Total Assessment
$1,044,000
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