4223 Delano Place Dallas, TX 75204 Active
UPDATED: 04/02/2026 03:38 PM ON SITE: 36 days on site
$2,495,000
6,751 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Haskell Place
MLS Listing ID 21217514
Total Fin. Sqft 5879
Year Built 2021
Annual Tax Amount $46,839
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Business
Property Description
Exceptional opportunity to acquire a fully leased, currently under market rates, recently constructed 5-unit condominium platted townhome community in the heart of East Dallas. Built in 2021, this modern, income-producing asset offers a rare combination of strong in-place cash flow and compelling future upside.
The property consists of four spacious 2-bedroom, 2.1-bathroom townhomes and one 1-bedroom, 1.5-bath unit, each thoughtfully designed with open-concept living, granite finishes throughout, and private rooftop decks featuring turf and stunning Dallas skyline views. All bedrooms are situated on the third floor, creating an ideal separation of living and private spaces.
Located in one of East Dallas' most desirable and walkable areas, the property is just steps from popular dining, retail, and entertainment destinations, enhancing tenant appeal and long-term rental stability. Unit 5 is currently operating as a short-term rental, providing additional income flexibility.
With no HOA currently in place, this asset presents a unique value-add opportunity. An appraisal of $2.8M is available, and the highest and best use for the property may be the creation of an HOA to facilitate the sale of individual units. This allows a buyer to capitalize on immediate equity and multiple exit strategies, including selling units individually, occupying one unit while leasing the others, or holding the property as a long-term investment.
Whether you're seeking a stabilized multifamily investment or a strategic redevelopment play, this East Dallas townhome complex offers versatility, location, and upside in one compelling package.
The data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Consumers may not reproduce or redistribute NTREIS data since the use of this data is only for people viewing this web site.
Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HAR or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy.
Social Cookies
Social Cookies are used to enable you to share pages and content you find interesting throughout the website through third-party social networking or other websites (including, potentially for advertising purposes related to social networking).