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    312 Hickerson St Cedar Hill, TX 75104

    For Sale
    $1,550,000

    Apartment - Cedar Hill, TX

    Type:Apartment
    Lot size:
    0.48 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 312 Hickerson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    14
    Bathrooms
    8
    APN
    16004500010130000
    Parking
    8
    Parking features
    Assigned, Parking Lot
    Interior features
    Cable Tv Available
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Lot size
    0.48 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1985
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Concrete
    Architectural style
    Other

    RE/MAX Preferred Associates (972) 293-4550 [email protected]

    Listing agent Kellie Fancher (972) 293-4550 License #0505106

    Listing date Oct 24, 2025

    MLS# 21061019 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Multifamily Investment Opportunity

    This is an 8-unit multifamily property located in Cedar Hill, Texas. The property features individual HVAC systems in each unit, approximately 8 years old. The unit mix includes four updated 2-bedroom, 2-bath units renting for $1,500 per month, two 2-bedroom, 2-bath units not updated at $1,100 per month, one 1-bedroom, 1-bath unit not updated at $950 per month, and one updated 1-bedroom, 1-bath unit at $1,100 per month. Each unit includes a small, fenced backyard. Five units have been fully renovated within the last 24 months, with updates including stainless steel appliances, flooring, plumbing, and electrical fixtures. The property is situated on a 0.4835-acre lot. The annual rental income is approximately $123,000. Expenses include taxes ($25,800), insurance ($8,569), and management fees ($7,500), resulting in a profit before taxes of about $81,131 and a market CAP rate of roughly 5.6%. Seventy percent of residents have resided in the community for eight or more years, indicating a stable tenant base. The property is located in a close-knit community and is considered a turn-key investment opportunity due to minimal ongoing maintenance and recent updates. Each unit square footage is approximate and based on public records and has not been independently verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.952577
    Latitude
    32.586633

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    FAQs

    What type of property is this?
    Apartment building - Turn-key 8-unit multifamily property with stable tenant base in Cedar Hill.
    Where is this apartment building located?
    The property is located at 312 Hickerson St Cedar Hill, TX.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - High profitability with approximately $81,131 annual profit before taxes and a 5.6% market CAP rate.; - Turn-key investment: Five recently renovated units featuring stainless steel appliances, updated flooring, plumbing, and electrical fixtures.; - Stable tenant base with 70% of residents living in the community for eight or more years.
    (972) 293-4550
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    312 Hickerson St Cedar Hill, TX 75104
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    Cedar Hill, TX 75104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 Hickerson St Cedar Hill, TX 75104
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