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$886,000

NAL Estimated Property Value

5622 Martel Ave # A, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,782 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.71 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Convection Oven, Warming Drawer, Washer
FlooringCarpet, Ceramic Tile, Hardwood, Slate

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size3,859 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000238771000100
Lot Number6
SubdivisionGreenland Hills Annex
Land UseResidential
Legal DescriptionGREENLAND HILLS ANNEX BLK B/2909 E PT LT 6 ACS 0.09 INT202200135436 DD05102022 CO-DC 2909 00B 00601 1002909 00B
Census Tract000300
Assessed Land Value$192,950
Assessed Improvement Value$602,050
Assessment Year2025

About this property

Stylish light filled duplex in the heart of East Dallas steps from Lower Greenville. This beautifully maintained 3 bedroom 2.5 bath residence offers 10 foot ceilings, abundant windows, rich hardwood floors, and an open concept layout designed for comfortable everyday living and effortless entertaining. The spacious main level features generous living and dining areas, designer lighting, built in office nook, powder bath, and a well appointed kitchen with island, gas range, stainless steel appliances, ample cabinetry, and extensive prep space. Upstairs, the oversized primary suite is a true retreat with room for a sitting area, large walk in closet, expansive windows, and a spa inspired bath with dual vanities, soaking tub, separate shower, and excellent storage. Two spacious secondary bedrooms share a well sized bath, offering flexibility for guests, family, or home office needs. Additional highlights include plentiful storage throughout, full size utility room, washer and dryer included, and no HOA. Ideally positioned near Knox Henderson, Downtown Dallas, and premier dining, shopping, and entertainment. Move in ready and an exceptional opportunity in one of Dallas most sought after neighborhoods.

Investor Tools

Property Icon
$886,000
Estimated Property Value
$721,762Estimated Mortgage Balance
$82,825Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,850/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,768
$795,000
2025
$192,950
$602,050
$795,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,768
$795,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Commercial
$734,700
No
First
May 25, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$721,762
$127,238
14%
81%
$4,405/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$4,405/mo
$-1,975/mo
3.3%

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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5622 Martel Ave # A | Property Details | No Agent List