3650 Rickshaw Drive
Dallas, TX, 75229 $ 1,075,000
Bedrooms12 Baths8.0 Monthly Estimate*
$ 6,788
for $1,075,000 with 12 bedrooms and 8 full baths. This home was built in 1969 on a lot size of 0.23.
Stable income! Major capital improvements! Desirable floor plans! This fully occupied fourplex delivers the qualities investors value most, combining immediate cash flow with thoughtful ownership and significant recent improvements in one of Northwest Dallas' most established rental markets. Each townhome-style residence offers approx 1,600 square feet, 3 beds, 2 full baths, spacious living and dining areas, refrigerators included, abundant storage, oversized walk-in closets, and a unique floor plan that has proven attractive to long-term tenants. Every unit includes one assigned covered and one assigned uncovered parking space for a total of eight assigned spaces. Unit sq ft is approx and should be independently verified by Buyer and Buyer's Agent. The current owner has consistently invested in preserving and improving the property, completing a foundation repair for Unit 3650 in 2023, a complete sewer line replacement in 2024, fresh interior and exterior paint, professionally updated landscaping, exterior improvements, and ongoing preventative maintenance. These completed improvements help reduce future capital expenditures while protecting the property's long-term performance. All four units are leased through 2027, providing stable occupancy and predictable rental income. Property generates an additional $175 per month in water, sewer and trash reimbursement income. Income, expenses, lease information, and current rental rates available in MLS reflect the property's actual operating performance. Conveniently located near I-35E, I-635, Love Field Airport, Downtown Dallas, and the Medical District, the property offers convenient access to major retail, dining, and everyday amenities that continue to support strong tenant demand. For investors seeking an asset with established income, desirable tenant amenities, documented capital improvements, and a history of attentive ownership, this property offers an exceptional foundation for long-term portfolio growth!
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FeaturesInteriorInterior Features Eat-in Kitchen Granite Counters High Speed Internet Available Pantry Walk-In Closet(s) Second Primary Bedroom
Flooring Carpet Ceramic Tile Luxury Vinyl Plank
Occupancy Rate 100
Total Units 4
Half Baths 0
Total Bedrooms 12
Total Baths 8
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GeneralHeating Central Electric
Complex Name 3650 Rickshaw Dr
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Electricity Connected Master Water Meter
Possession Closing/Funding
Roof Flat
Appliances Dishwasher Disposal Electric Cooktop Electric Range Electric Water Heater Ice Maker Microwave Refrigerator
School District Dallas ISD
Pool Y/N 0
Year Built 1969
Levels Two
Property Subtype Quadruplex
Subdivision Name Walnut Gardens
Occupant Type Tenant
County Dallas
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
# of Buildings 1
Full Baths 8
Status Active Option Contract
Directions Please use GPS
City Dallas
Elementary School Name Degolyer
High School White
Elementary School Degolyer
Standard Status Active Under Contract
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ExteriorWaterfront 0
Parking Features Alley Access Assigned Carport Off Street
Foundation Slab
Building Area Total 6608.00
Garage Y/N 0
Attached Garage Y/N 0
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* Excluded FeaturesList ByRussell ThorntonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $6,788
- Monthly Property Taxes
- $1,637
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Dallas, TX
Average List Price $1,242,609
Percent of Sale Price 16%
About Dallas, TX 1,325,420 Population
11% Since 2002
$ 49,155 Median Income
34.63 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
287510 Elementary School
286523 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/31/2026 | $1,075,000 | | Listed Price |