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Days45Days on Market
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$239,000

415 S Dallas Avenue, Lancaster, TX, 75146

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$351.47 / sqft
Year BuiltBuilt in 1888

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating GasHeating Gas
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Water Heater, Microwave

Exterior

Lot Size1.43 acres

Building Information

Year Built1888
Stories1
Roof Type105

Land Information

APN36000500430120000
Lot Number12
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER PT BLK 43 LT 12 ACS 1.431 INT202300101557 DD05222023 CO-DC 0005004301200 4CN00050043
Census Tract016803
Assessed Land Value$175,160
Assessed Improvement Value$74,060
Assessment Year2025

About this property

Rare opportunity to own 1.431 acres just minutes from the historic downtown square, local shopping, dining, and community events. Built in 1888, this charming cottage offers approximately 680 square feet of living space with one bedroom, a small office, central heat and air, and composition shingles. Full of character and history, the home provides a unique blend of small-town charm and country-style space. The spacious lot offers endless possibilities for gardening, recreation, expansion, or simply enjoying the extra elbow room that is becoming increasingly difficult to find. A detached outbuilding adds additional storage and could be transformed into a workshop, hobby space, man cave, or she shed with the right vision. The home is currently occupied and functional but reflects its age and will benefit from future updates and improvements. Sellers have completed some modifications over the years, including changes to improve the interior flow, but the property is being sold AS-IS. Buyers are encouraged to perform their own inspections and due diligence regarding condition, systems, and future use. Whether you're looking for a place to make your own, an investment opportunity, or a property with character and acreage near town, this one is worth a look.

Investor Tools

Property Icon
$249,220
Estimated Property Value
$0Estimated Mortgage Balance
$69,981Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,495 /month
Positive
Cash Flow Estimate:
$498 /month

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RE/MAX Preferred Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$385/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,369
$249,220
2025
$175,160
$74,060
$249,220
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,369
$249,220

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Unknown
$190,000
No
First
May 22, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,239
$69,981
28%
72%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,140/mo
+$425/mo
7.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lancaster

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415 S Dallas Avenue | Property Details | No Agent List