Dallas, TX 75229 3619 Rickshaw Drive

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21124389
  • 12/08/2025
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Presented By: Robyn Flessner Price with Christies Lone Star;
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 12
  • Full/Half Baths • 8 / 4
  • Year Built • 1959

Home Details

Outstanding opportunity to own a well-maintained, income-producing 4-unit property in Northwest Dallas. Each spacious townhome-style unit offers approx. 1,667 sq ft with 3 bedrooms, 2 full baths, 1 half bath, generous living and dining areas, and large walk-in closets in the primary suites. Private fenced patios extend the living space and enhance tenant appeal. The property provides 8 total parking spaces—4 covered and 4 uncovered—with each unit enjoying one covered and one uncovered space (unassigned). All appliances are owned by the seller and convey, offering a turnkey advantage for investors. Significant improvements were completed between 2019 and 2020, including newer siding, windows, and roof, along with HVAC compressors. Kitchens and bathrooms in units 3619 and 3625 were fully updated, adding immediate rental appeal and long-term value. Four long-term tenants are in place, with current leases renewed through 2026 and 2027, providing stable cash flow. Tenants pay their own utilities except for water, sewer, and trash. Priced at $1,100,000 with a 5.5% cap rate, this asset presents strong performance and solid upside in one of Dallas’s high-demand rental corridors. Conveniently located near the DART Green Line at Walnut Hill-Denton Station and close to 635, I-35E, Northwest Hwy, and Love Field, the property attracts renters seeking easy access across the metroplex. A rare opportunity to acquire a well-positioned, updated multifamily asset with dependable income and excellent proximity to major transportation, employment hubs, and retail. For more interior images, reference lease listings at MLS numbers: 13964823,14374443, and 14374435
Presented By: Robyn Flessner Price with Christies Lone Star;

Interior Features for 3619 Rickshaw Drive

Bedrooms

Total Bedrooms12

Bathrooms

Half Baths4
Total Baths12

Other Interior Features

FlooringCarpet, Tile, Varies
Interior FeaturesWalk-In Closet(s)
Lock Box TypeNone
Occupancy Rate100
Total Units4
Unit Count4

General for 3619 Rickshaw Drive

# of Buildings1
Accessory Unit Y/NNo
AppliancesDishwasher, Dryer, Electric Range, Refrigerator, Washer
Capitalization Rate5.52
Carport Spaces4
CityDallas
Complex Name3619 - 3625 Rickshaw
Construction MaterialsBrick, Siding
CoolingCentral Air
CountyDallas
DirectionsFrom Walnut Hill Lane, turn north onto Bowman Blvd and right onto Rickshaw. Property will be on your left. No sign in yard.
Elementary SchoolDegolyer
Elementary School NameDegolyer
Full Baths8
Gross Annual Expenses22752.00
HOA TypeNone
HeatingCentral
High SchoolWhite
Insurance Expense5340
LevelsTwo
Listing TermsCash, Conventional
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAsphalt, Shingle
School DistrictDallas ISD
Standard StatusActive
StatusActive
Subdivision NameWalnut Gardens
Unexempt Taxes17098
UtilitiesAlley, City Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1959
Year Built DetailsPreowned

Exterior for 3619 Rickshaw Drive

Building Area Total6668.00
Foundation Slab
Lot Size Acres0.2090
Lot Size Area0.2090
Lot Size Square Feet9104.0400
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesDetached Carport, On Street
WaterfrontNo

Additional Details

Price History

Schools

Middle School N/A
Elementary School Degolyer Elementary School
High School N/A

Suzanne Smith

Broker/Owner
Price $1,100,000
MLS#21124389
List Date 12/08/2025
Property Type Multi-Family
Phone 903.235.4216
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