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$1,920,000

316 N Lancaster Avenue, Dallas, TX, 75203

On MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size9,125 sqft

Land Information

APN00000251017000000
Lot Number3
SubdivisionOak Cliff Original
Land UseCommercial
Legal DescriptionOAK CLIFF ORIGINAL BLK 78/3059 S 1/2 LT 3 VOL96178/0065 DD080796 CO-DC 3059 078 00300 2003059 078
Census Tract002002
Assessed Land Value$273,750
Assessment Year2025

About this property

JUST DROPPED THE PRICE!A SHOVEL READY 16 TOWNHOMES PROJECT APPROVED PERMIT IN PRIME LOCATION! 2 LOTS TOGETHER AS 316 AND 324 N LANCASTER!This exceptional permit-ready 16-townhome project is located in the highly desirable Bishop Arts area, one of Dallas’s most sought-after neighborhoods. Each townhome ranges from 1,912 sq. ft. to 1,949 sq. ft. and is thoughtfully designed with 3 bedrooms, 3.5 bathrooms, and a dedicated study or office space on the first floor. Additionally, the townhomes feature oversized rooftop decks, perfect for entertaining or relaxing while enjoying the vibrant surroundings. The project is situated in a prime location near the transformational Southern Gateway Park, the charming Bishop Arts District, the popular Dallas Zoo, and the exciting new Trinity River Project. This ideal location offers residents unparalleled convenience and access to cultural, recreational, and dining attractions. For investors, this project presents a unique opportunity in a rapidly appreciating area with a high potential for strong returns. The Bishop Arts neighborhood is known for its growth and vibrancy, making it an excellent choice for those seeking a high cap rate and long-term value.

Investor Tools

$0Estimated Mortgage Balance
$273,750Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,520 /month
Positive
Cash Flow Estimate:
$3,840 /month

Interested in this property?

Fahri Olgundeney

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$114/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$273,750
2025
$273,750
N/A
$273,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$273,750

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,750
100%
0%
$0/mo

City: Dallas

316 N Lancaster Avenue | Property Details | No Agent List