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Property Details
- Property Type Other
- Property Size 29,464 SF
- Units 40
- Date Updated Jun 3, 2025
Olive @ Vernon is a 40-unit multifamily community located in the Oak Cliff submarket of Dallas in Dallas County, TX. Situated at 2211 S Vernon Avenue, Dallas, TX 75224, the property was built in 1969 and consists of 7 two-story buildings with brick siding and pitched composition shingle roofs. Olive @ Vernon offers a mix of spacious one- and two-bedroom floor plans featuring fully equipped kitchens, ceiling fans, and washer and dryer connections in select units. Community amenities include a central courtyard, on-site laundry facilities, newly added pet park, and reserved parking. The property spans approximately 1.7 acres and features mature trees, open green space, and surface parking throughout.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime Location: Located in the heart of Oak Cliff, two blocks west of I-35E and minutes from the Bishop Arts District, Dallas CBD, and next door to the Brixmor Retail Redevelopment
- Significant Capital Improvements ( Over $1MM Spent): 30-Ton Chiller, Water Heater, Stair Risers, Salisbury Mailboxes, Parking Lot Striping and Adding Spaces, Exterior Lighting and Timers, Exterior Doors, Exterior Painting and Custom Murals, Dog Park, Iron Fencing, Incoming Water Lines, and Interior Renovations
- Modernized Interiors: About 35% or More Renovated: Updated kitchens with hard surface countertops, black and stainless-steel appliances, plank flooring throughout common areas, faux wood 2-inch blinds in every unit, modern bathrooms with tile surround, updated vanities and lighting, new ceiling fans, and added full-sized washers and dryers
- Value Add by Stabilizing/Capturing Rent Premium and Expense Reduction: Significant upside potential through realizing water expense savings from the recent plumbing repair and stabilizing occupancy by leasing up recently renovated units and completing a premium renovation on the remaining units
- Increase Other Income by increasing the number of reserved parking spaces to 14, adding 14 carports, and implementing W/D connections in the remaining 16 units
Getting around
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74/100
Walk Score ®
-
49/100
Transit Score ®
-
63/100
Bike Score ®
Location
- City Dallas, TX
- Neighborhood Elmdale
- Zip Code 75224
- Market Dallas Fort Worth
Points of Interest
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Tyler/Vernon
0.66 miles
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Dallas Zoo
1.84 miles
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Illinois
1.86 miles
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Bishop Arts
1.90 miles
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Westmoreland
2.03 miles
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6th Street
2.17 miles
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Morrell
2.30 miles
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Kiest
2.39 miles
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Beckley
2.58 miles
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Oakenwald
2.78 miles
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Chevron
0.68 miles
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7-Eleven
0.85 miles
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Exxon
1.15 miles
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Shell
1.36 miles
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QuikTrip
1.37 miles
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Mobil
1.40 miles
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Valero
1.64 miles
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Fox
1.66 miles
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Tesla Supercharger
3.47 miles
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Perot Museum of Nature and Science
4.66 miles
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Dallas Can! Academy Charter School Student Parking
1.29 miles
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Tiger Parking Lot
1.49 miles
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Bank Tower Parking
1.53 miles
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Emergency Parking
2.57 miles
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Pavilion II
2.60 miles
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Pavilion III
2.63 miles
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Lot 7
2.73 miles
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Lot 10
2.75 miles
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Lot 8
2.77 miles
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Manor House
4.38 miles
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Oak Tree Inn
0.53 miles
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La Santa Motel
2.48 miles
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Motel 6
2.70 miles
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Inn of the Dove
2.97 miles
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Plaza Inn & Suites
3.42 miles
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Residence Inn
3.70 miles
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Hyatt Regency Dallas
3.95 miles
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Omni Dallas Hotel
4.05 miles
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Courtyard
4.09 miles
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Lorenzo Hotel
4.16 miles
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Kroger
0.29 miles
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ALDI
1.26 miles
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Food Rite
1.28 miles
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La Michoaca
1.33 miles
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Jerry's Supermarket
1.36 miles
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Fiesta
1.44 miles
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Tom Thumb
1.81 miles
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The Weed Spot
1.88 miles
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Save-A-Lot
1.93 miles
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El Rio Grande Latin Market
2.16 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
