3023 Carpenter Avenue
About This Property
Inside, you'll find multiple living areas, including a large living room and den featuring built-in cabinetry, natural woodwork, and original hardwood floors. The functional kitchen offers ample storage, while the generously sized bedrooms provide comfortable living with ceiling fans throughout.
The exterior features a covered front porch, patio, rain gutters, a gated driveway, and a detached two-car garage, providing plenty of parking and storage. The fenced backyard offers space for outdoor entertaining, gardening, or future enhancements.
Conveniently located near Downtown Dallas, major highways, schools, shopping, dining, and employment centers, this property presents an outstanding opportunity for investors, flippers, and buyers looking to build equity. With solid bones, a desirable lot size, and strong upside potential, this home is an ideal candidate for a renovation, fix-and-flip project, rental investment, or personalized remodel. Whether you're an experienced investor or a homeowner with a vision, this property offers the chance to unlock significant value.
Schedule your private showing today and discover the possibilities this Dallas investment gem has to offer!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 26, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Aug 19, 2026 | Price Decreased |
$190,000
↓ $9K
(4.5%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$199,000
↓ $6K
(2.9%) | |
| Price Decreased | |||
| Jun 21, 2026 | Listed by Vela Realty Group LLC | $205,000 | |
| Listed by Vela Realty Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017