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About This Home
This 8-bedroom, 8-bathroom multi-family at 3209 Norwalk Avenue in Dallas, TX is listed for $879,000. Built in 1982, on a 0.18 acres lot.
This prime 8-unit multi-family asset offers a streamlined, low-maintenance entry into the high-growth Northwest Dallas rental market. The property features a uniform mix of 1-bedroom, 1-bathroom units, all of which have been recently enhanced with fresh paint and durable vinyl flooring, significantly reducing immediate capital expenditure and allowing a new owner to focus on operations rather than renovations.
The investment structure is highly predictable, with all residents on 12-month leases that concurrently renew on July 1st, providing an ideal window for annual market-rate adjustments across the entire portfolio. A few units are currently available following recent turnover, this vacancy presents a strategic opportunity to capture current market premiums without the delay of lease expirations.
Each unit boasts 8-foot ceilings, fully equipped kitchens, with all appliances and the high-demand convenience of in-unit washer and dryer hookups. Historically favored by professional tenants, the location provides exceptional connectivity to major regional employment engines, including Dallas Love Field Airport and the UT Southwestern Medical District.
With quick access to I-35E and the Dallas North Tollway, this asset is positioned to benefit from the sustained demand for housing in one of the city’s most rapidly appreciating zip codes. Full financials and utility records are available for review upon request.
Key Features
- Built in 1982
- 0.18 acre lot
- 2 stories
- 12 parking spaces
Property Details
Monthly Cost Estimate
$4,701/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3209 Norwalk Avenue
Dallas, TX 75220
Marshall Ter Add
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 8-bathroom multi-family at 3209 Norwalk Avenue is listed at $879,000. The estimated monthly payment is $3,809 based on 20% down at 6.5% interest.
Key features include: Built in 1982, 0.18 acre lot, 2 stories, 12 parking spaces. Interior Features: Cable Tv Available.
This property is listed by Porfirio Segovia and can be reached at 4692619819 or segoviaferris@gmail.com.




