Prime multi-family investment and high-yield redevelopment opportunity in sought-after Vickery Place, just steps from Lower Greenville and Henderson Avenue. Situated on a 50 x 200 lot (10,000 SF) zoned MF-2(A), offering versatile options: hold for immediate rental income, renovate for premium value-add cash flow, or redevelop (preliminary design studies suggest a 7-unit townhome yield).The property consists of two detached structures totaling 3,102 SF:• Front Single-Story Duplex (5108 & 5110 Manett): 831 SF each, 1 Bed + 1 Bath layouts.• Rear Two-Story Duplex (5108 half & 5110 half Manett): 720 SF each, flexible 2-room + 1 Bath flats. Gross potential income is $5,600 per month ($67,200 per year) based on historical as-is rates ($1,600 per mo front units; $1,200 per mo rear units). Three units are delivered vacant for immediate renovation, re-leasing, or project commencement. Rear lower unit (5108 half) is occupied month-to-month. Property conveys strictly As-Is. Architectural floor plans, site plans, and survey available upon request.
| Listing Id: | 21401696 |
|---|---|
| List Price: | $785,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active Option Contract |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 4 |
| Unexempt Taxes: | $15,097 |
| Lot Size Square Feet: | 10,018.8000 |
| Lot Size Acres: | 0.23 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Bon View Place |
| Postal Code: | 75206 |
| Year Built: | 1950 |
| Unit Count: | 4 |
| Accessibility Features Yn: | No |
| Accessory Unit?: | No |
| Appliances: | Refrigerator |
| Association Type: | None |
| Attached Garage?: | No |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 4.00 |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Assessor |
| Building Area Total: | 3,102.00 |
| Community Features: | Curbs, Sidewalks |
| Complex Name: | None |
| Consent for Visitors to Record: | None |
| Construction Materials: | Brick, Concrete, Frame, Siding, Wood |
| Cooling: | Electric, Wall/Window Unit(s) |
| Directions: | rom US-75 (Central Expressway), exit Monticello Ave or Henderson Ave, head east to Greenville Ave, then turn east onto Manett St. The property is located on the south side of Manett St between Greenville Ave and Matilda St. |
| Dock Permitted?: | No |
| Elementary School: | Geneva Heights |
| Elementary School Name: | Geneva Heights |
| Exclusions: | Tenant personal property in unit 5108 Half. |
| Exterior Features: | Balcony, Covered Patio/Porch |
| Fencing: | Wood |
| Flooring: | Tile, Wood |
| Foundation Details: | Block, Pillar/Post/Pier |
| Garage Spaces: | 4 |
| Garage?: | No |
| Gross Annual Expenses: | $2,100 |
| Gross Annual Income: | $67,200 |
| Heating: | Electric, Space Heater |
| High School Name: | Woodrow Wilson |
| Horse Permitted Yn: | No |
| Insurance Expense: | $3,600 |
| Interior Features: | Cable TV Available, Multiple Staircases |
| Lake Pump Yn: | No |
| Levels: | Two |
| Listing Terms: | Cash, Conventional |
| Lot Features: | Interior Lot, Many Trees, Subdivision |
| Lot Size: | Less Than .5 Acre (not Zero) |
| Lot Size Area: | 0.2300 |
| Lot Size Dimensions: | 50 X 200 |
| Lot Size Source: | Public Records |
| Lot Size Units: | Acres |
| Middle School Name: | Long |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $46,200 |
| Notice Surveillance Devices Pres: | None |
| Number Of Buildings: | 2 |
| Number Of Parking Spaces: | 4 |
| Occupancy Rate: | 25 |
| Operating Expense Includes: | Insurance |
| Parking Features: | Concrete, Driveway, No Garage, Off Street, Tandem |
| Patio And Porch Features: | Covered, Deck, Rear Porch |
| Pool?: | No |
| Possession: | Closing/Funding, Lease Outstanding |
| Postal Code Plus 4: | 6642 |
| Roof: | Composition |
| School District: | Dallas ISD |
| Senior Community Yn: | No |
| Smart Home Features Appor Pass Y: | 0 |
| Special Taxing Entities: | 0 |
| Tenancy: | Month to Month |
| Utilities: | Alley, City Sewer, City Water, Concrete, Electricity Connected, Individual Water Meter |
| Walk Score: | 85 |
| Will Subdivide: | Subdivided |
| Year Built Details: | Preowned |
Listing Courtesy of: Allie Beth Allman & Assoc.
Listing Agent: Miguel Ramirez
214-336-5113
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 03:54 PM - CT
Property Last Updated: October 08, 2026 03:54 PM - CT
