Fully leased all 3 units! $6575 monthly gross rent. 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.
Sold
Price Unknown
5503 Martel Ave, Dallas, TX 75206
5beds
3,263sqft
Triplex, Multi Family, Multi Family
Built in 1948
-- sqft lot
$936,500 Zestimate®
$--/sqft
$3,445 Estimated rent
Home value
$936,500
$852,000 - $1.03M
$3,445/mo
Zestimate® history
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List your homeWhat's special
Fresh bright interior paintHardwood floorsGranite countertopsCorner lotFull sprinkler system
Zillow last checked:
Listing updated:
Listed by:
Peter Mester 0765963,
BK Real Estate 972-677-9172
Bought with:
Laura Graves
Allie Beth Allman & Assoc.
Source: NTREIS,MLS#: 20674497
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal
Features
- Built-in Features
- Flooring: Tile, Wood
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,263
- Total interior livable area: 3,263 sqft
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, Alley Access, Detached Carport, Driveway, Garage
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 9,147 Square Feet
Details
- Parcel number: 00000239083000000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Brick, Stone Veneer
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: Adams & Whyte
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Tax assessed value: $832,380
- Annual tax amount: $15,862
- Date on market: 7/15/2024
- Cumulative days on market: 126 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Sold | -- |
Source: NTREIS #20674497 Report a problem | ||
| 11/29/2024 | Pending sale | $995,000$305/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 11/18/2024 | Contingent | $995,000$305/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 11/18/2024 | Listed for sale | $995,000$305/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 11/15/2024 | Contingent | $995,000$305/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 9/24/2024 | Listed for sale | $995,000-5.2%$305/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 9/4/2024 | Contingent | $1,050,000$322/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 7/15/2024 | Listed for sale | $1,050,000+177%$322/sqft |
Source: NTREIS #20674497 Report a problem | ||
| 4/21/2016 | Listing removed | $1,600+3.2% |
Source: Zillow Rental Network Report a problem | ||
| 3/18/2015 | Listing removed | $1,550 |
Source: Dallas City Center Realtors #13089340 Report a problem | ||
| 2/16/2015 | Price change | $1,550-3.1% |
Source: Dallas City Center Realtors #13089340 Report a problem | ||
| 2/6/2015 | Price change | $1,600-3% |
Source: Dallas City Center Realtors #13089340 Report a problem | ||
| 1/3/2015 | Listed for rent | $1,650+10%$1/sqft |
Source: Dallas City Center Realtors #13071465 Report a problem | ||
| 12/13/2013 | Listing removed | $1,500 |
Source: Dallas City Center Realtors #12061870 Report a problem | ||
| 12/6/2013 | Listed for rent | $1,500+20% |
Source: Dallas City Center Realtors #12061870 Report a problem | ||
| 4/13/2011 | Listing removed | $379,000$116/sqft |
Source: Keller Williams Elite Dallas-Park Cities #11563820 Report a problem | ||
| 3/23/2011 | Listed for sale | $379,000$116/sqft |
Source: Keller Williams Elite Dallas-Park Cities #11563820 Report a problem | ||
| 3/2/2011 | Listing removed | $1,250 |
Source: Keller Williams Elite Dallas-Park Cities #11487742 Report a problem | ||
| 10/23/2010 | Listed for rent | $1,250 |
Source: Keller Williams Elite Dallas-Park Cities #11487742 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,535 +15.2% | $832,380 +15.6% |
| 2024 | $16,092 +1.4% | $720,000 +4.2% |
| 2023 | $15,862 -2% | $691,240 +7.2% |
| 2022 | $16,181 +7.6% | $644,580 +13.1% |
| 2021 | $15,037 | $570,000 |
Find assessor info on the county website
Neighborhood: Glencoe Park
Nearby homes
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- $1,090,1001 bd1 ba886 sqft5509 Martel Ave, Dallas, TX 75206Off Market
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- $975,1003 bd3 ba2.6k sqft5520 Martel Ave, Dallas, TX 75206Off Market
- $--3 bd3 ba2.9k sqft5513 Martel Ave, Dallas, TX 75206Sold
- $325,3001 bd1 ba920 sqft5506 Martel Ave, Dallas, TX 75206Off Market
Nearby schools
GreatSchools rating
- 10/10Mockingbird ElementaryGrades: K-5Distance: 0.5 mi
- 6/10J L Long Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Woodrow Wilson High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Mockingbird
- Middle: Long
- High: Woodrow Wilson
- 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.
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Estimated market value
$936,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$936,500
- Texas
- Dallas County
- Dallas
- 75206
- Glencoe Park
- 5503 Martel Ave
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