4231 Gilbert Ave

Dallas, TX 75219

$3,150,000
Price
16
Beds
4,248 Sq. Ft.
$742 / Sq. Ft.
4,248
Sq. Ft.
$742
per Sq. Ft.
a view of a brick house many windows
a view of street with parked cars
a view of a car parked in front of a house
a view of a yard with an outdoor space
a view of a kitchen from a hallway
wooden floor in an empty room
an empty room with wooden floor fireplace and windows
a view of washer and dryer
a view of backyard with seating space
a view of a backyard of the house
a view of room and window
a bathroom with a granite countertop sink toilet and shower
a view of entryway and hall with wooden floor

Description

Fantastic opportunity to purchase this portfolio in the Heart of Oaklawn and just blocks from Highland Park. 4231 Gilbert has 6 one bedroom and one bath units and the total square footage of the units according to the tax assessor is 4248 square feet and the lot is 8002 ft. 4235 Gilbert has 5 2 bedroom and 1.5 baths units and the the square footage of the units is 4640 according to the tax assessor and the lot is 8002 square feet. The 4235 units are two story with the living room and kitchen on the...Fantastic opportunity to purchase this portfolio in the Heart of Oaklawn and just blocks from Highland Park. 4231 Gilbert has 6 one bedroom and one bath units and the total square footage of the units according to the tax assessor is 4248 square feet and the lot is 8002 ft. 4235 Gilbert has 5 2 bedroom and 1.5 baths units and the the square footage of the units is 4640 according to the tax assessor and the lot is 8002 square feet. The 4235 units are two story with the living room and kitchen on the second floor. These properties are very well kept and have ample parking with front parking and some carports in the back area. Please reach out to me for more information and a tour. The rent roll and expenses are in the documents portion of this listing.
  1. Listed by Paige Whiteside • TREC #0450408 • Coldwell Banker Realty • 214-828-4300

Property Details for 4231 Gilbert Avenue

Subdivision Name
Bowser & Lemmons Oak Lawn
Pool
No
Number Of Parking Spaces
22
LISTING UPDATED: 09/23/2025 10:06 AM

Property Details for 4231 Gilbert Avenue

StatusActive
MLS #21057221
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1973
Lot Size0.18 AC / 8,015 SF
CountyDallas County

Location

Listing Courtesy of Coldwell Banker Realty, Paige Whiteside
Add your commute

Building Information for 4231 Gilbert Avenue

Stories2Residences11Year Built1973Building Size-Lot Size0.18 AC / 8,015 SF

Payment Calculator

$17,025 per month

30 year fixed, 6.28% Interest

Principal and Interest

$15,565

Property Taxes

$1,460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4231 Gilbert Avenue

Summary
Location and General Information
  • Block: 36157
  • Complex Name: Bowser and Lemmon Oaklawn
  • Directions: Use GPS
  • Elementary School: Milam
  • Elementary School Name: Milam
  • High School: North Dallas
  • High School Name: North Dallas
  • Middle School: Spence
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.82
  • Longitude: -96.81
  • State: Texas
Parking
  • Parking Features: Carport, Common, Parking Lot
  • Attached Garage: No
  • Parking Spaces Covered Total: 5
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: BOWSER & LEMMONS OAKLAWN BLK 36/1576 LT 13 AC
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 13
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplaces Total: 1
  • Flooring: Carpet, Ceramic Tile, Wood
  • Heating: Central
  • Interior Features: Decorative Lighting, Eat-in Kitchen
  • Appliances: Dishwasher, Disposal
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: Yes
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick
  • Exterior Features: Balcony, Courtyard, Covered Patio/Porch, Lighting
  • Fencing: Brick, Wood
  • Foundation Details: Other
  • Number Of Stories: 2
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 11
  • Patio And Porch Features: Covered
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: Cash, Conventional
  • Concessions YN: No
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.184
  • Lot Size Area: 0.184
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8015.04
  • Multi Parcel ID: Yes
  • Parcel Number: 00000160930000000
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 5.55%
  • Gross Annual Expenses: $19,208
  • Gross Annual Income: $190,600
  • Insurance Expense: $11,250
  • Net Operation Income: $174,843.00

Property History for 4231 Gilbert Avenue

DateEvent & SourcePriceAppreciation
Sep 15, 2025

Listed (Active)

NTREIS #21057221

$3,150,000—
DateEvent & SourcePrice
09/15/2025

Listed (Active)

NTREIS #21057221

$3,150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4231 Gilbert Avenue

Taxable ValueLand$600,000Additions$258,320Total$858,320
Tax Record2024$17,516 ($1,460 / month)
Home Facts
Total Finished SqFt5,424 SqFtAbove Grade Finished SqFt5,424 SqFtStories2Lot Size8,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningZ239CountyDALLASAPN00000160930000000Fireplace TypeHas Fireplace

Schools near 4231 Gilbert Avenue

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
Ben Milam Elementary School
Public - PK to 5
Alex W Spence Talented/Gifted Academy
Public - 6 to 8
North Dallas High School
Public - 9 to 12
Dallas Hybrid Preparatory at Stephen J Hay
Public - 3 to 8
Rating
School
Distance
Ben Milam Elementary School
PublicPK to 5

Alex W Spence Talented/Gifted Academy
Public6 to 8

North Dallas High School
Public9 to 12

Dallas Hybrid Preparatory at Stephen J Hay
Public3 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 4231 Gilbert Avenue, Dallas, TX 75219

4231 Gilbert Avenue is a multi-family home for sale in Dallas, TX 75219. This property was listed for sale on September 15, 2025 by Coldwell Banker Realty, it's currently listed at $3,150,000. This listing's school district is Dallas Independent School District. Nearby schools include Ben Milam Elementary School, Alex W Spence Talented/Gifted Academy and North Dallas High School. 4231 Gilbert Avenue is a 16-bed, 16-bath, 4,248 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Paige Whiteside

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 09/23/2025 10:06 AM