About This Home

This 8-bedroom, 8-bathroom multi-family at 3209 Norwalk Avenue in Dallas, TX is listed for $825,000. Built in 1982, on a 0.18 acres lot.

Key Features

  • Built in 1982
  • 0.18 acre lot
  • 2 stories
  • 12 parking spaces

Property Details

2 stories
8 full
12 spaces
1982

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

3209 Norwalk Avenue

Dallas, TX 75220

Marshall Ter Add

Features & Amenities

Interior Features

CableTv

Property Details

Flooring

TileLaminateVinyl

Construction

Brick Frame WoodSiding

Parking

Parking Lot

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

ElectricOvenElectricRangeMicrowaveRefrigerator

Questions & Answers

This 8-bedroom, 8-bathroom multi-family at 3209 Norwalk Avenue is listed at $825,000. The estimated monthly payment is $4,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1982, 0.18 acre lot, 2 stories, 12 parking spaces. Interior Features: CableTv.

This property is listed by Porfirio Segovia.

PS

Porfirio Segovia

Agent at Susprod, LLC

Listed by Susprod, LLC · Broker phone: 713-858-8058 · View on Broker Site

MLS# 21227705· Source: North Texas Real Estate Information Systems, Inc.· 5 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.

3209 Norwalk Avenue, Dallas, TX 75220

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