A

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Owner Contacts

$544,000

NAL Estimated Property Value

409 Melba Street, Dallas, TX, 75208

Off Market

3 Beds

2 Bath

1,654 Sq Ft

Single Family Residence

$302.3 / sqft

Built in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2

AppliancesGas Range

FlooringOther, Wood

Exterior

Lot Size5,520 sqft

Land Information

APN00000254926000000

Lot Number8

SubdivisionDallas Land And Loan 2

Land UseResidential

Legal DescriptionDALLAS LAND AND LOAN 2 BLK 26/3146 PT LOT 8 INT202100252425 DD08232021 CO-DC 3146 026 00800 2003146 026

Census Tract004700

Assessed Land Value$414,000

Assessment Year2025

About this property

FANTASTIC opportunity to purchase a one of a kind LOT in the BISHOP ARTS DISTRICT. Perfect location to build a small shop, restaurant or condo! Zoned for residential and multi-family with 50ft. max height build-out. GREAT PIECE OF LAND FOR INVESTORS! Investor special SOLD AS IS. Home will not be shown as this is a tear-down.

Investor Tools

$544,000

Estimated Property Value

$382,764Estimated Mortgage Balance

$161,236Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,264 /month

Positive

Cash Flow Estimate:

$1,088 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$998/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,253

$414,000

2025

$414,000

N/A

$414,000

No

Tax History

Year

Tax Paid

Assessed Value

2024

$9,253

$414,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texas Heritage National Bank

Purchase Money Mortgage

$420,750

No

First

Aug 23, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$382,764

$161,236

29%

70%

$2,523/mo

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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