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$274,900

509 elm Street 401, Dallas, TX, 75202

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths1,103 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$249.23 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

BankruptcyHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Washer

Exterior

Lot Size10,010 sqft

Building Information

Year Built1930
Stories1
Roof Type172

Land Information

APN00C18000000A00401
Lot Number7-8
Subdivision509 Elm Place Residences
Land UseResidential
Legal Description509 ELM PLACE RESIDENCES BLK 14/21 LTS 7 & 8 IMP ONLY BLDG A UNIT 401 CE 2.86% INT202000120575 DD05082020 CO-DC C180 000
Census Tract003102
Assessed Improvement Value$279,720
Assessment Year2025

About this property

Experience elevated urban living in the West End Historical District's iconic Elm Place Residences. Tucked away within the building's serene interior courtyard, this thoughtfully updated residence offers the perfect balance of downtown energy and private retreat. Recently renovated, the kitchen showcases all new LG appliances, updated cabinetry, and sleek countertops. While the bathroom was reimagined last year with clean contemporary finishes and timeless design. The open-concept floor plan provides generous living and dining spaces with flexibility for a dedicated home office or creative workspace. A spacious bedroom is complemented by an oversized walk-in closet, offering exceptional storage rarely found in downtown living. Just off the living area, a private patio overlooking the tranquil courtyard creates an inviting setting for morning coffee or evening relaxation. Additional conveniences include optional secured parking and immdeiate access to some of Dallas' most celebrated dining, entertainment, and cultural destinations. Ideally positioned just minutes from the American Airlines Center, Arts District, Design District, world-class museums, The Katy Trail, DART rail and major highway access, this residence delivers a sophisticated lock-and-leave lifestyle in the heart of the city.

Investor Tools

$145,504Estimated Mortgage Balance
$134,216Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,678 /month
Positive
Cash Flow Estimate:
$559 /month

Interested in this property?

Gray Borcherding

Allie Beth Allman & Assoc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
$516/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,705
$279,720
2025
N/A
$279,720
$279,720
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,705
$279,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of England
Conventional
$165,823
No
First
May 8, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,504
$134,216
47%
52%
$995/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,720/mo
$1,511/mo
+$209/mo
7.4%

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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