INVESTOR OPPORTUNITY – FULLY OCCUPIED TRIPLEX WITH IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE! Built in 2004 and located in Dallas' renter-driven 75235 corridor, this full triplex includes three income-producing units – 1414A, 1414B and 1416 Record Crossing – all currently leased and generating a combined $4,585 per month, or $55,020 in scheduled gross annual rent. The newer construction is an added advantage for investors looking to avoid some of the challenges often associated with older multifamily properties. The numbers make this location particularly attractive for a buy-and-hold investor. Approximately 75% of occupied households in 75235 are renter-occupied, while roughly 90% of the area's housing units are occupied. Current rents range from $1,495 to $1,595 per unit, providing established income from day one with potential opportunity for future rent growth as leases turn and market conditions allow. Current market data places median rent in 75235 around $1,663 per month, giving investors another reason to evaluate the property's future income potential. The long-term story may be even more compelling. Record Crossing sits in Dallas' major medical and employment corridor, near UT Southwestern Medical Center, Parkland Memorial Hospital and Children's Medical Center, with convenient access to Love Field, Downtown Dallas and major highways. This concentration of healthcare, employment and transportation infrastructure provides a strong economic anchor for the surrounding rental market. Three units. Three existing tenants. $55,020 in scheduled gross annual rent. For investors looking for immediate income, diversified rent across multiple units and long-term appreciation potential in a heavily renter-occupied Dallas submarket, 1414 Record Crossing deserves a closer look. Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Stemmons Corridor, located between Downtown Dallas and Irving, is a commercial and industrial Dallas neighborhood with freeway-fronted campuses and design-showroom corridors. The neighborhood’s character concentrates around the Market Center Boulevard and Stemmons Freeway interchange, where trade halls, showrooms, and event traffic set a brisk, utilitarian rhythm. Dallas Market Center and the World Trade Center Dallas anchor the area’s calendar with large-scale markets and conventions. Mid-century office blocks and warehouse-style buildings line wide service roads, with the Trinity River floodplain shaping the western edge. The Hilton Anatole adds a resort-scale landmark presence amid loading docks and exhibition halls. Side streets shift quickly from polished lobbies to working back-of-house logistics.
Provided by Walk Score and Local Logic
Offer insights
1414 Record Crossing Rd · $650,000
$650K and above
75% chance or better to win
Why $650K+ is a strong offer
DAYS ON MARKET
42 days
The average home goes pending in 36 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Decorative lighting
Open floor plan
Window coverings
Bedrooms
9 bedrooms
Bathrooms
6 full bathrooms
Kitchen
Dishwasher
Disposal
Microwave
Flooring
Carpet
Ceramic tile
Terrazzo
Heating & cooling
Central heating
Central air
Exterior features
Gutters
Exterior lighting
Home design
Triplex
One story
Parking
2-car carport
10 parking spaces
Rear-facing garage
Off-street parking
Construction
Built in 2004
Rock/stone and siding construction
Composition roof
Slab foundation
Utilities
Cable available
City sewer
City water
Electricity available
Phone available
HOA & community
No association
Curbs and sidewalks
Financial info
3 units in 1 building
Gross annual income of $55,020
Gross annual expenses of $16,356, including $2,700 for insurance
Net operating income of $38,664
Capitalization rate of 5.95%
Electricity and solar
View estimated energy costs and solar savings for this home
Property renovated in 2014 with high-end finish outs. All 3 units have granite counters, mfg hardwoods, travertine tile, and upgrades throughout. This Property is a short distance from the University of Texas Southwestern Medical District
Public Records
Apr 10, 2017
Sold
*
NTREIS #13538610
Apr 7, 2017
Sold
*
Mar 31, 2017
Pending
—
Mar 25, 2017
Price Changed
$532,500
$145/sq ft
Mar 24, 2017
Relisted
—
Mar 24, 2017
Price Changed
$549,900
$149/sq ft
Mar 24, 2017
Listing Removed
—
Mar 13, 2017
Relisted
—
Mar 3, 2017
Contingent
—
Mar 3, 2017
Listing Removed
—
Feb 28, 2017
Listed
$515,000
$140/sq ft
Medical District! Excellent Investors Opportunity. 100% Occupied. $5000-5500 mo. potential. Cozy refurbished 2004 Duplex w 2014 darling unit new addition. 5 Private accesses. All 3 units have nice upgraded granite counter tops, decorative tile, clean, fresh paint, and mfg hardwoods. 1414B Spacious open floor plan, granite island kitchen dining den, mfg wood floors and travertine tile, specialty tiles in baths, upgrades throughout, washer-dryer, refrigerator, contemporary fixtures, panel doors, ample storage, foam insulated walls and attic, tankless hot water heater, security cameras, wood fence back gate, 4 parking spaces FRONT-4 parking spaces REAR w Carport. Large Outdoor Weber Grill included. MUST SEE!
Public Records
Feb 9, 2016
Sold
*
NTREIS #12127996
Apr 15, 2014
Sold
*
Apr 1, 2014
Listing Removed
—
Dec 16, 2013
Listed
$159,900
$43/sq ft
NTREIS #12065962
Mar 16, 2014
Listing Removed
—
Jan 24, 2014
Contingent
—
Jan 22, 2014
Listing Removed
—
Dec 20, 2013
Contingent
—
Dec 17, 2013
Listed
$159,900
$43/sq ft
Public Records
May 12, 2004
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$13,656 (+10.1%)
$195,120 + $418,140
$613,260
2024
$12,404 (+1.6%)
$117,070 + $437,930
$555,000
2023
$12,212 (−8.2%)
$82,930 + $449,220
$532,150
2022
$13,306 (+9.1%)
$82,930 + $449,220
$532,150
2021
$12,198 (−1.5%)
$82,930 + $379,460
$462,390
2020
$12,381 (−14.9%)
$60,000 + $396,390
$456,390
2019
$14,556 (−2.4%)
$45,000 + $487,500
$532,500
2018
$14,913 (+116.5%)
$35,000 + $489,130
$524,130
2017
$6,889 (+13.2%)
$35,000 + $218,330
$253,330
2016
$6,084 (+3.7%)
$35,000 + $218,330
$253,330
2015
$5,866 (+77.3%)
$25,000 + $198,750
$223,750
2014
$3,308 (+0.4%)
$15,000 + $106,050
$121,050
2013
$3,296
$15,000 + $106,050
$121,050
2012
$3,294 (−7.8%)
$15,000 + $106,050
$121,050
2011
$3,571 (−5.6%)
2010
$3,782
2009
$3,782
Public record
Beds
9
Baths
6
Stories
1
Lot width
50 ft.
Lot depth
184 ft.
Lot size
9,757 Sq. Ft.
Year renovated
2004
Finished Sq. Ft.
3,680
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,680
Year built
2004
Style
Multi-Family (2-4 Unit)
County
Dallas County
APN
00000423070000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 1, 2026.
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Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 23 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Dallas, TX • 75235
Average low and high temperatures (°F)
56
38
67
46
78
57
79
63
84
68
91
76
96
79
95
78
91
72
84
65
73
54
63
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 7% for direct sun exposure in Dallas. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
7.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1414 Record Crossing Rd
$632,090
$18K under list price of $650K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $190K to $745K.