1view

Owner Contacts

$148,000

NAL Estimated Property Value

1224 Pennsylvania Ave, Dallas, TX, 75215

Off Market

0 Bath

Unimproved Land

Highlights

Interior

Bathrooms 0

Exterior

Lot Size7,500 sqft

Land Information

APN00000142459000000

Lot Number1

SubdivisionBrown's Colonial Hill

Land UseResidential

Legal DescriptionBROWN'S COLONIAL HILL BLK C/1161 LOT 1 PENNSYLVANIA & PARNELL INT202200153117 DD05132022 CO-DC 1161 00C 00100 1DA1161 00C

Census Tract020900

Assessed Land Value$75,000

Assessment Year2025

About this property

Nice corner lot Zoned MF-2 (Multifamily) which you can build a duplex or a Multifamily townhome development up to 5 units. You can purchase for $150k for the lot as is or $250k with approved plans for 5 townhomes ($50k per unit). Direct access to downtown and I-45.

Investor Tools

$148,000

Estimated Property Value

$0Estimated Mortgage Balance

$148,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$900 /month

Positive

Cash Flow Estimate:

$300 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$262/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,407

$75,000

2025

$75,000

N/A

$75,000

Yes (2022)

Tax History

Year

Tax Paid

Assessed Value

2024

$2,407

$75,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$148,000

100%

0%

$0/mo

Learn About the Market: Opportunity in Dallas

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The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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