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.
For sale
Price cut: $54K (8/12)
$825,000
3209 Norwalk Avenue, Dallas, TX 75220
8beds
5,136sqft
Multi Family, Apartment
Built in 1982
-- sqft lot
$793,000 Zestimate®
$161/sqft
$-- HOA
What's special
Durable vinyl flooringFully equipped kitchens
- 221 days
- 269
- 26
Zillow last checked:
Listing updated:
Listed by:
Porfirio Segovia 0676160 469-261-9819,
Lion Drive Realty 713-858-8058
Source: NTREIS,MLS#: 21227705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Range, Microwave, Refrigerator
Features
- Cable TV
- Flooring: Ceramic Tile, Laminate, Vinyl
Interior area
- Total structure area: 5,136
- Total interior livable area: 5,136 sqft
Video & virtual tour
Property
Parking
- Total spaces: 12
- Parking features: Paved, Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 7,927 Square Feet
Details
- Parcel number: 00000431632000000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Frame, Wood Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Resale
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Cable Available
Community & HOA
Community
- Features: Community Mailbox
- Subdivision: Marshall Ter Add
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $161/sqft
- Annual tax amount: $18,054
- Date on market: 4/2/2026
- Cumulative days on market: 222 days
- Listing terms: Cash,Conventional
Estimated market value
$793,000
$753,000 - $833,000
$1,762/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $825,000-6.1%$161/sqft |
Source: NTREIS #21227705 Report a problem | ||
| 4/2/2026 | Listed for sale | $879,000+3.4%$171/sqft |
Source: NTREIS #21227705 Report a problem | ||
| 8/23/2024 | Sold | -- |
Source: NTREIS #20434816 Report a problem | ||
| 7/4/2024 | Pending sale | $850,000$165/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 6/20/2024 | Contingent | $850,000$165/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 6/4/2024 | Listed for sale | $850,000-2.9%$165/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 5/27/2024 | Contingent | $875,000$170/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 4/3/2024 | Price change | $875,000-2.8%$170/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 12/8/2023 | Price change | $899,9000%$175/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 11/2/2023 | Price change | $900,000-5.3%$175/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 10/12/2023 | Price change | $949,900-5%$185/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 9/19/2023 | Listed for sale | $999,900$195/sqft |
Source: NTREIS #20434816 Report a problem | ||
| 9/4/2015 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75220
Nearby schools
Schools provided by the listing agent
- Elementary: Foster
- Middle: Cary
- High: Jefferson
- District: Dallas ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





