About This Home

This 12-bedroom, 8-bathroom multi-family at 3650 Rickshaw Drive in Dallas, TX is listed for $1,075,000. Built in 1969, on a 0.23 acres lot.

Key Features

  • Built in 1969
  • 0.23 acre lot
  • 2 stories
  • 8 parking spaces
  • Fireplace

Property Details

2 stories
8 full
8 spaces
1969

Amenities

FireplaceA/C
Listing Description

BACK ON THE MARKET AT NO FAULT OF THE SELLER! $10,000 BUYER CREDIT Inspections available. Stable income! Major capital improvements! Desirable floor plans! This fully occupied fourplex delivers the qualities investors value most, combining immediate cash flow with thoughtful ownership and significant recent improvements in one of NW Dallas' most established rental markets.

Each townhome-style residence offers approx 1,600 sqft, 3 beds, 2 full baths, spacious living and dining areas, refrigerators incl w abundant storage, oversized walk-in closets, and unique floor plan that has proven attractive. Each unit includes 1 assigned covered and 1 assigned uncovered parking space for a total of 8 assigned spaces.

Unit sqft is approx and should be independently verified by Buyer and Buyer's Agent. Current owner has consistently invested in preserving and improving the property, completing a foundation repair for Unit 3650 in 2023, a complete sewer line replacement in 2024, fresh interior and exterior paint, professionally updated landscaping, exterior improvements, and ongoing preventative maintenance.

These completed improvements help reduce future capital expenditures while protecting the property's long-term performance. All 4 units are leased through 2027, providing stable occupancy and predictable rental income. Property generates an additional $175 per month in water, sewer and trash reimbursement income.

Income, expenses, lease information, and current rental rates available in MLS reflect the property's actual operating performance. Near 35E, 635, Love Field, Downtown Dallas, and Medical District, the property offers convenient access to major retail, dining, and everyday amenities that continue to support strong tenant demand.

For investors seeking an asset with established income, desirable tenant amenities, documented capital improvements, and a history of attentive ownership, this property offers an exceptional foundation for long-term portfolio growth!

Monthly Cost Estimate

$5,749/mo

20% down · 6.5% · 30 years

Principal$777
Interest$4,658
Insurance$314

Estimates only. Actual payments may vary.

Location

3650 Rickshaw Drive

Dallas, TX 75229

Walnut Gardens

Features & Amenities

Interior Features

EatInKitchenGraniteCountersHighSpeedInternetMultipleMasterSuitesPantryWalkInClosets

Property Details

Flooring

CarpetTileVinyl

Construction

Brick

Parking

CarportOff StreetAssignedAlley

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)ElectricCentral Air

Appliances

DishwasherElectricCooktopElectricRangeElectricWaterHeaterDisposalIceMakerMicrowaveRefrigerator

Questions & Answers

This 12-bedroom, 8-bathroom multi-family at 3650 Rickshaw Drive is listed at $1,075,000. The estimated monthly payment is $5,750 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 0.23 acre lot, 2 stories, 8 parking spaces, Fireplace. Interior Features: EatInKitchen, GraniteCounters, HighSpeedInternet.

This property is listed by Russell Thornton.

RT

Russell Thornton

Agent at Powerstar Realty

Listed by Powerstar Realty · Broker phone: (800) 952-8988 · View on Broker Site

MLS# 21346390· Source: North Texas Real Estate Information Systems, Inc.· 4 days on PropertySimple

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.

3650 Rickshaw Drive, Dallas, TX 75229

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