5211 Worth St, Dallas, TX 75214

$1,650,000

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List Price: $1,650,000
MLS#: 21296279
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1927
Construction Status: Preowned
Acres: 0.17
County: Dallas
City: Dallas
Subdivision: Munger Place
Building Name: N/A

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Property Description

Located at 5211 Worth Street in the highly sought-after Munger Place Historic District, this 1927 eight-unit apartment building represents an exceptional value-add investment opportunity. As one of the neighborhood's original multi-family properties, the building brims with authentic 1920s character, featuring original hardwood flooring, ornate built-ins, and classic fireplaces. The property offers an excellent mix of current cash flow and substantial upside, updated complete with quartz countertops, modern cabinetry, new appliances, and updated bathrooms—that is currently achieving top market rent. Units have been thoughtfully updated while preserving their vintage aesthetic. The heavy lifting has already been completed with extensive, big-ticket capital improvements, including an updated roof, completely replaced main electrical wiring, new AC units, an overhauled crawl space plumbing system, updated water lines, recent cosmetic paint, and washer and dryers. With a targeted exterior refresh of paint and landscaping to complement the interior updates, this vintage gem will truly shine. Perfectly positioned right next door to Munger Park and the beloved Garden Café, the building attracts premium tenants with effortless access to Downtown Dallas, Lower Greenville, Knox-Henderson, Lakewood Shopping Center, White Rock Lake, and scenic walks along Historic Swiss Avenue just two blocks away. 5204 Junius Quadplex (MLS 21295220) is also for sale and can be sold together!

972-422-9155

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