About This Home

This 12-bedroom, 12-bathroom residential multi family at 1311 Madrigall Parkway in Dallas, TX is listed for $2,596,000 ($367 per sqft). Built in 2026, the home offers 7,080 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 2026
  • 0.17 acre lot
  • 3 stories
  • 9 parking spaces

Property Details

3 stories
8 full, 4 half
8-car garage
2026

Amenities

A/C
Listing Description

Greenville Terrace presents a unique opportunity to acquire an entire four-unit, new-construction townhome development in the heart of Lower Greenville, one of East Dallas' most desirable and vibrant neighborhoods. Designed with today's rental market in mind, this property combines modern finishes, spacious floor plans, private garages, and rooftop living in a highly sought-after urban location.

The development consists of four three-story townhomes, each offering 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, and private rooftop access with impressive Dallas skyline views. Interiors feature open-concept living and dining areas, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, hardwood stairs, and modern designer finishes throughout.

With four separate residences under one ownership, Greenville Terrace offers an investor the opportunity to establish a rental portfolio within a single newly constructed property. New construction provides the additional advantage of modern systems, finishes, and building components, reducing the immediate capital improvement needs often associated with older investment properties.

Located just steps from Greenville Avenue, future tenants can enjoy convenient access to some of Dallas' most popular restaurants, bars, coffee shops, retail, entertainment, and neighborhood destinations. The combination of 3-bedroom layouts, attached 2-car garages, private rooftops, modern construction, and a premier East Dallas location creates a compelling offering for the rental market.

An exceptional opportunity for an investor seeking four income-producing residences in one of Dallas' most desirable urban neighborhoods. The HOA structure is currently under development, The purchaser will have the opportunity to establish HOA according to their ownership and operational plans. For GPS directions to Greenville Terrace, enter 5512 Bryan Parkway, Dallas.

Monthly Cost Estimate

$14,159/mo

20% down · 6.5% · 30 years

Principal$1,877
Interest$11,249
Insurance$757
HOA$275

Estimates only. Actual payments may vary.

Location

1311 Madrigall Parkway

Dallas, TX 75206

GREENVILLE TERRACE

Features & Amenities

Interior Features

BuiltInFeaturesKitchenIslandOpenFloorplanPantryWiredForDataWalkInClosets

Exterior Features

PermeablePaving

Property Details

Flooring

VinylTile

Parking

DrivewayGarageOpen

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Appliances

DishwasherElectricRangeElectricWaterHeaterDisposalMicrowaveRefrigeratorVentedExhaustFan

Questions & Answers

This 12-bedroom, 12-bathroom residential multi family at 1311 Madrigall Parkway is listed at $2,596,000 ($367/sqft). The estimated monthly payment is $14,159 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $275/month.

Key features include: Built in 2026, 0.17 acre lot, 3 stories, 9 parking spaces. Interior Features: BuiltInFeatures, KitchenIsland, OpenFloorplan. Exterior Features: PermeablePaving.

This property is listed by Glenda Fabregas.

GF

Glenda Fabregas

Agent at Monument Realty

Listed by Monument Realty · Broker phone: (214) 705-7827 · View on Broker Site

MLS# 21385091· Source: North Texas Real Estate Information Systems, Inc.· Added to PropertySimple today

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1311 Madrigall Parkway, Dallas, TX 75206

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