512 Lancaster Ave - Apartments FOR SALE


Dallas, TX 75203- Lake Cliff
$3,750,000 USD
214-368-4663
512 Lancaster Ave, Dallas, TX for Sale
$3,750,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

512 Lancaster Ave
Dallas, TX 75203
Lake Cliff


HIGHLIGHTS

  • 512 Lancaster Avenue presents Class A townhomes in the highly sought-after Bishop Arts District.
  • The Bishop Arts District is considered the go-to spot for shopping, dining, and entertainment.
  • Each townhome offers exquisite modern features throughout and has abundant natural light shining in.
  • Three out of the seven townhomes are already leased.

OVERVIEW

Rogers Healy and Associates proudly presents the luxury, Class A townhomes at 512 Lancaster Avenue to the market. Nestled in Dallas' Opportunity Zone, the high-end property is located to receive tax benefits. This is a rare opportunity to acquire 14 brand-new luxury townhomes in Dallas’ Bishop Arts District, one of the city's most vibrant and rapidly growing neighborhoods. Each 1,980-square-foot unit is designed for modern living with three bedrooms, three-and-a-half bathrooms, a dedicated office, and a private rooftop terrace with stunning skyline views. High-end finishes include European-style cabinetry, quartz countertops, LED-lit wine racks, built-in living room shelves, and custom bedroom dressers with LED-lit display closets. The 4th-floor wet bar provides space for a wine cooler or mini-fridge, creating the perfect indoor-outdoor entertainment space. Expansive windows, tall doors, and open floor plans maximize natural light, while two-car garages offer ample storage. Located in one of Dallas’ most in-demand rental markets, this property is ideal for long-term appreciation and substantial rental income, catering to professionals and high-income tenants drawn to the area's thriving restaurant, retail, and cultural scene.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

7

PRICE/UNIT

$535,714

CAP RATE

Request Cap Rate

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

PDD

APN/PARCEL ID

00000250234000000

ASK ABOUT THIS PROPERTY

Fahri OlgunRogers Healy and AssociatesMore Info
214-368-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Fahri OlgunRogers Healy and AssociatesMore Info
214-368-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.