1333 Falcon Drive, Dallas, TX 75051 | MLS #21194123 | M&D Real Estate
 
Listing provided courtesy of Keller Williams Realty-FMMLS# 21194123MLS ProviderContact Information: Tammy Carlson - 940-465-6878
  • 119 days on site
  • 1 views

One of a kind opportunity to own this home with unlimited potential for extra income as an Airbnb-VRBO, Multi-Generational Family use or Guest quarters. This beautifully updated home sits on an oversized double lot, featuring a 3 bedroom main home plus FOUR additional tenant or guest units all on the same property. Currently operating as a successful short-term rental with two units already leased -one through March and another through October- for immediate income potential. Three units are attached and one is a stand alone guest home. *PROPERTY HIGHLIGHTS* Main residence plus 4 extra tenant or guest units on one large lot, ideal for multi-generational living, house hacking, or investor seeking multiple income streams. Spacious double lot with generous yard space and mature surroundings, offering room to relax, garden, or further enhance outdoor amenities. Gated rear access with extra parking in the back, perfect for multiple vehicles, guests, or short-term rental turnover days. Dedicated storage unit equipped with a full washer and dryer for guest or tenant use, adding convenience. What to expect-Main home has 3 bedrooms, a game room, dining, living room. Guest house has a loft bedroom with living room and kitchen. Upstairs guest has two bedrooms and full bathroom *one room used to have a kitchen so can easily be added back* Downstairs attached is a two bedroom with living room and kitchen. Smaller unit is a studio with bedroom, living room combo with kitchen. Information is deemed reliable but it's up to the buyer and buyer’s agent to verify all zoning, STR restrictions, permitting, and tenant lease details. Showings require advance notice to respect current occupants and guests.

Source: North Texas MLS, MLS#: 21194123

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  • Property Type
    Residential
  • Lot
    0.36 acres

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  • Median Age
    31
  • Population Density
    2,834
  • College Educated
    15%
  • Estimated Median Income
    $41,455
  • Estimated Total Home Owners
    6,597
  • Estimated Total Renters
    6,856
  • Owner / Renter Divide
    49% / 51%
  • Estimated Average Household Size
    3
  • Total Population
    41,317
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1333 Falcon Drive


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/2/2026Source: North Texas MLS Added to Database
March 02, 2026