Presenting 3638 Spring Ave, a promising multifamily investment opportunity in the South Dallas-Fairpark neighborhood. This two-story complex comprises 8 units, each featuring 2 bedrooms and 1 bathroom, totaling approximately 4,870 sq ft of living space. Originally constructed in 1951, the property is currently under renovation. The location is highly advantageous, with numerous amenities within a five-minute drive, including Trader Joe’s, Planet Fitness, Starbucks, ALDI, and a variety of restaurants and lounges. Interstate 30 is just three minutes away, providing quick access to downtown Dallas, which is less than 10 minutes by car. Additionally, nearby DART stops enhance public transportation options for residents. This property is ideal for investors seeking a value-add project in a prime location with strong rental potential.
Comprised of 8 units all 2-bedroom, 1 bath apartments. 3638 Spring Ave is a two-story complex situated in South Dallas-Fairpark Neighborhood. This multi-family is currently under construction and looking for a new owner to bring it to completion. This property also has a brand new roof. The adjoining lot is not included in the sale. Location is prime to own an income producing property - Within five minutes, your tenants can reach dozens of essential amenities including Trader Joe’s, Planet Fitness, Starbucks, ALDI, and a plethora of eclectic restaurants and cocktail lounges. With a three-minute drive to Interstate 30, Downtown Dallas is less than 10 minutes away and nearby DART stops provide ample travel options.
NTREIS #20194032
Jan 9, 2023
Contingent
—
Jan 1, 2023
Price Changed
$499,000
$205/sq ft
Jan 1, 2023
Relisted
—
Dec 26, 2022
Contingent
—
Dec 14, 2022
Price Changed
$529,000
$217/sq ft
Nov 16, 2022
Price Changed
$549,000
$225/sq ft
Oct 25, 2022
Listed
$649,000
$266/sq ft
NTREIS #20189039
Oct 26, 2022
Listing Removed
—
Oct 18, 2022
Listed
$649,000
$266/sq ft
Public Records
Nov 13, 2018
Sold
*
Public Records
Apr 25, 2016
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$21,051 (+17.2%)
$68,850 + $876,520
$945,370
2024
$17,956 (+10.3%)
$40,500 + $762,910
$803,410
2023
$16,278 (+21.6%)
$40,500 + $668,860
$709,360
2022
$13,391 (+31.8%)
$40,500 + $495,050
$535,550
2021
$10,156 (+13.7%)
$8,100 + $376,900
$385,000
2020
$8,929 (+26.6%)
$8,100 + $321,030
$329,130
2019
$7,050 (+15.6%)
$8,100 + $249,820
$257,920
2018
$6,099 (+18.6%)
$8,100 + $206,270
$214,370
2017
$5,142
$8,100 + $180,990
$189,090
2016
$5,141 (+20.2%)
$8,100 + $180,990
$189,090
2015
$4,278 (+0.3%)
$8,100 + $180,990
$189,090
2014
$4,264 (+8.1%)
$8,100 + $147,930
$156,030
2013
$3,945
$8,100 + $147,930
$156,030
2012
$3,942 (+0.7%)
$8,100 + $136,800
$144,900
2011
$3,914 (+3.0%)
2010
$3,799
2009
$3,799
Tax history for 3638 Spring Ave
Year
Property tax
Land + Additions
Assessment*
2025
$21,051 (+17.2%)
$68,850 + $876,520
$945,370
2024
$17,956 (+10.3%)
$40,500 + $762,910
$803,410
2023
$16,278 (+21.6%)
$40,500 + $668,860
$709,360
2022
$13,391 (+31.8%)
$40,500 + $495,050
$535,550
2021
$10,156 (+13.7%)
$8,100 + $376,900
$385,000
2020
$8,929 (+26.6%)
$8,100 + $321,030
$329,130
2019
$7,050 (+15.6%)
$8,100 + $249,820
$257,920
2018
$6,099 (+18.6%)
$8,100 + $206,270
$214,370
2017
$5,142
$8,100 + $180,990
$189,090
2016
$5,141 (+20.2%)
$8,100 + $180,990
$189,090
2015
$4,278 (+0.3%)
$8,100 + $180,990
$189,090
2014
$4,264 (+8.1%)
$8,100 + $147,930
$156,030
2013
$3,945
$8,100 + $147,930
$156,030
2012
$3,942 (+0.7%)
$8,100 + $136,800
$144,900
2011
$3,914 (+3.0%)
2010
$3,799
2009
$3,799
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
8,102 Sq. Ft.
Year renovated
—
Sq. Ft.
2,436
Year built
1951
Style
Multi-Family (5+ Unit)
County
Dallas County
APN
00000179125000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 1, 2026.
Apr 8, 2026 • Final
Commercial plumbing
Test existing plumbing work and complete all remaining plumbing installations.
Plumbing
Sep 24, 2025 • Active
Commercial alteration addition
Perform interior and exterior cosmetic changes to a residential building. The project includes electrical, plumbing, and mechanical work with no structural changes. No walls will be added or removed.
Electrical
HVAC
Plumbing
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Number Of Parking Spaces: 0
Parking Features: None
Interior
Heating & Cooling
Cooling: None
Heating: None
Interior Features
Appliances: None
Levels: Two
Flooring: None
Interior Features: Other
Multi-Unit Information
Number Of Buildings: 1
Number Of Units Total: 8
Unit Count: 0
Gross Annual Income: 0.00
Gross Annual Expenses: 0.00
Insurance Expense: 0
Net Operation Income: 0
Exterior
Building Information
Roof: Asphalt
Construction Materials: Aluminum Siding, Concrete
Foundation Details: Pillar/Post/Pier
Lot Information
Lot Size Acres: 0.1860
Lot Size Area: 0.1860
Lot Size Square Feet: 8102.1600
Lot Size Units: Acres
Parcel Number: 00000179125000000
RATIO List Price By Lot Size Acr: 3220430.10753
Will Subdivide: No
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Accessibility Features YN: No
Multi Parcel IDYN: No
Property Key: 48113|00000179125000000|1|140636457
Property Match: APN
US Property MUI: 410593520
Building Information
Building Area Total: 2436.00
Building Area Source: Public Records
Year Built: 1951
Year Built Details: Proposed
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Tax Block: 1830
Tax Legal Description: BLK 1830 LOT 19 60X135 SPRING 450FR BLK 1836
Tax Lot: 19
Unexempt Taxes: 17956
Financial Information
Buyer Financing: Seller Financing
Capitalization Rate: 0.00
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: None
Location
HOA Information
Association Type: None
School Information
Elementary School: Alexander
Elementary School Name: Alexander
High School Name: Woodrow Wilson
Primary School Name: Rosemont
School District: Dallas ISD
Location Information
County Or Parish: Dallas
Country: United States
Directions: From downtown Dallas, take I-30 E. Exit 47A toward Spring Ave. Turn left onto Spring Ave. Continue for approximately 0.5 miles. 3638 Spring Ave will be on your right. Parking is available on-site.
Latitude: 32.76845900
Longitude: -96.74888800
Geocode Confidence: High
Complex Name: Unknown
Subdivision Name: Lagow Spgs 2 Add
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,436
Stories: 2.0
Lot Size: 8,102 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1951
Year Renovated: —
County: Dallas County
APN: 00000179125000000
Home facts updated by county records on Aug 31, 2026
Other
Green Verification Information
Green Verification Count: 0
Listing Information
Attribution Contact: 800-448-6030
List Source Original: Matrix
Listing Agreement: Exclusive Right To Sell
Listing Id: 20983837
Listing Key Numeric: 457423206
Mls Status: Closed
Previous Status: Pending
Originating System Name: North Texas Real Estate Information Systems
Photos Count: 1
Possession: Other
Seller Contributions: 0
Special Listing Conditions: Real Estate Owned
Standard Status: Closed
Third Party Assistance Program Y: No
Listing Date Information
Days On Market: 38
Cumulative Days On Market: 38
Close Date: 2025-08-19
Purchase Contract Date: 2025-08-04
Listing Contract Date: 2025-06-27
Off Market Date: 2025-08-04
Price Change Timestamp: 2025-06-27T14:46:34.130
Status Change Timestamp: 2025-11-03T13:41:47.087
Listing Price Information
Original List Price: 599000.00
List Price: 599000.00
RATIO Close Price By Lot Size Ac: 2607526.88172
RATIO Current Price By Lot Size: 2607526.88172
Around this home
Schools
Paul L Dunbar Learning Center
Public PreK-5 • Assigned • 0.4mi
5/10
Billy Earl Dade Middle School
Public 6-8 • Assigned • 1.3mi
4/10
James Madison High School
Public 9-12 • Assigned • 0.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Dallas is a city where location can dramatically shape the experience, with each area offering its own mix of architecture, dining, entertainment, and accessibility. One thing I always encourage buyers to consider is how they’ll actually move around...