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$259,900

$290,000

5740 Martel Ave Apt A13, Dallas, TX, 75206

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths925 Sq Ft
price_per_sqft$280.97 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Ice Maker, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size1.04 acres

Building Information

Year Built1983
Stories2
Roof Type105

Land Information

APN00C02650000000A13
Lot Number4-5
SubdivisionAshton South Condos
Land UseResidential
Legal DescriptionASHTON SOUTH CONDOS BLK A/2894 PT LOTS 4 & 5 UNIT A13 CE 2.5114% INT201900320281 DD11222019 CO-DC 2894 00A 00400 1002894 00A
Census Tract000202
Assessed Land Value$62,570
Assessed Improvement Value$191,810
Assessment Year2025

About this property

Fully updated 2-bedroom, 1.5-bath condo in one of Dallas's most convenient locations, walkable to Lower Greenville and just minutes from SMU. At 925 square feet across two stories, this unit lives larger than you'd expect. The layout keeps the living and entertaining spaces downstairs while both bedrooms and the full bath are tucked upstairs, giving you real separation between your living and sleeping areas. The updates are the right ones. Granite countertops, stainless steel appliances, and luxury vinyl plank flooring throughout create a clean, modern interior that's move-in ready from day one. A wood burning fireplace anchors the main living space, a feature that's rare at this price point and one you'll actually use. The kitchen is functional without feeling cramped, and the finishes throughout are consistent and well-executed. Location is where this one earns its price. Lower Greenville's restaurants, bars, and coffee shops are minutes away. SMU's campus is close enough that this works equally well as a primary residence or investment property. The neighborhood has genuine walkability, real character, and the kind of access to Dallas's best corridors that's hard to replicate at $259,900. Whether you're a first-time buyer, a DFW relocator looking for a low-maintenance entry point into the city, or an investor looking for a turnkey rental — this unit delivers. Schedule your showing today.

Investor Tools

$163,433Estimated Mortgage Balance
$124,211Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

Interested in this property?

Elliot Dodson

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
$379/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,393
$254,380
2025
$62,570
$191,810
$254,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,393
$254,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$181,400
No
First
Apr 21, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,433
$115,567
41%
57%
$1,088/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,467/mo
+$463/mo
8.1%

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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5740 Martel Ave Apt A13 | Property Details | No Agent List