26
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1207 Morrell Avenue
About This Property
Outside, the improvements continue with newly poured concrete, a motorized sliding gate offering secure and easy access, and a new wood fence creating a private backyard space perfect for entertaining or relaxing.
Situated near some of Dallas' most exciting destinations, you're just minutes from the Dallas Zoo, Bishop Arts District, Downtown Dallas, Trinity River trails, restaurants, shops, and major commuter routes.
This home blends thoughtful upgrades with an exceptional urban location-making it the perfect turnkey opportunity for a buyer seeking style and convenience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Price Decreased |
$249,999
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$269,999
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$279,999
↓ $10K
(3.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017