$2,900,000
$300K PRICE DROP

1234 Templecliff Dr Dallas, TX 75217

Piedmont Neighborhood

Estimated payment $18,916/month

Total Views 10,699
30 Beds
25 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.2 Acre Lot
  • Accessible Entrance
  • Vinyl Plank Flooring
  • Electric Gate
  • Accessibility Features
  • Central Heating

About This Home

Onyx Legacy Group is pleased to present Templecliff Apartments, a well-positioned multifamily asset in the heart of Dallas, Texas. This exceptional property offers an outstanding value-add opportunity for investors looking to acquire a stabilized asset with strong cash flow and significant upside potential. Built in 1961, Templecliff Apartments features 26 well-maintained units, providing a compelling combination of historical occupancy strength and room for revenue growth through strategic renovations and operational efficiencies.Nestled in a thriving submarket, Templecliff Apartments benefits from proximity to major employment centers, retail destinations, and sought-after entertainment venues, making it an attractive choice for tenants seeking affordability and convenience. With the continued growth of the Dallas-Fort Worth metro area, this property presents a unique chance to capitalize on rising rental demand while implementing thoughtful enhancements to boost long-term investment returns.The Dallas-Fort Worth metroplex continues to experience robust population growth, driving increased demand for quality rental housing. Recent economic developments, including major corporate relocations and infrastructure investments, have strengthened the local job market, attracting a diverse and expanding workforce. Large employers in the area include AT&T, Southwest Airlines, Bank of America, and the University of Texas Southwestern Medical Center, all contributing to a thriving business environment.Templecliff Apartments' location provides investors with a prime opportunity to benefit from this sustained expansion and the region’s strong rental market fundamentals. Additionally, the area's revitalization efforts and the planned mixed-use developments nearby are expected to further enhance property values and rental demand in the coming years.

Listing Agent

Mark Allen, CCIM

Onyx Legacy Realty LLC License #0589645 Listed on: 03/11/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 1.2 Acre Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 25 Full Bathrooms

Parking

  • 53 Parking Spaces
  • Driveway
  • Electric Gate
  • Assigned Parking

Accessible Home Design

  • Accessibility Features
  • Accessible Entrance

Schools

  • Ireland Elementary School
  • Hood Middle School
  • Samuell High School

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • 2 Buildings
  • 26 Units
  • 17,340 Sq Ft Building
  • Pleasant Wood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6244000004003006244000

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Accessibility Features: Accessible Entrance
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 196416
  • Will Subdivide: No
  • Accessibility Features Yn: Yes
  • Ratio Current Price By Building: 167.24337
  • Special Features: None
  • Year Built: 1961

Interior Features

  • Interior Amenities: Other
  • Flooring: Vinyl
  • Appliances: None

Beds/Baths

  • Full Bathrooms: 25
  • Total Bedrooms: 30

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Flat
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Window Unit(s)
  • Number Of Parking Spaces: 53
  • Parking Features: Asphalt, Assigned, Electric Gate

Utilities

  • Heating: Central
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Templecliff Apartments
  • Association Type: None

Schools

  • School District: Dallas ISD
  • Elementary School: Ireland
  • Middle School: Hood
  • High School: Samuell
  • School District: Dallas ISD
  • Elementary School: Ireland

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 1.2000
  • Parcel Number: 6244000004003006244000
  • Lot Size Acres: 1.2000
  • Lot Size Sq Ft: 52272.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1961
  • Units Total: 26

Multi Family

  • Gross Annual Expenses: 118215.00
  • Gross Annual Income: 314631.00
  • Insurance Expense: 26400
  • Unit Count: 2

MLS Schools

  • Middle School Name: Hood
  • Elementary School Name: Ireland
  • High School Name: Samuell

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $2,900,000 -9.4% --
03/11/2025 03/11/25 For Sale $3,200,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20868372

North Texas Real Estate Information Systems (NTREIS)

Texas Dallas County Dallas 75217 Piedmont

1234 Templecliff Dr, Dallas, TX

This home is located at 1234 Templecliff Dr, Dallas, TX 75217 and is currently priced at $2,900,000. This property was built in 1961. 1234 Templecliff Dr is a home located in Dallas County with nearby schools including Henry B. Gonzalez Elementary School, E.B. Comstock Middle School, and H Grady Spruce High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Mark Allen, CCIM
Listing Agent
Mark Allen, CCIM
Section Image
Onyx Legacy Realty LLC
(214) 833-5711