Value-Add Triplex with Redevelopment
3517 Forney Road Dallas, TX 75223
3517 Forney Road, Dallas, TX, 75223
$275,000
For Sale
$275,000
MULTI_FAMILY - Dallas, TX
Lot Size0.11 Acres
Days on Market149
Property Features for 3517 Forney Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- APN
- 00000225331000100
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- SUNRISE HEIGHTS ANNEX BLK 1/2642 N PT LOT 4
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Shingle
Listing Agency
Keller Williams Brazos West
(817) 279-6996
Weatherford, TX
Listed by
David Velasquez · License #0584611
(817) 441-4000
Added: Feb 20 Checked: Jul 19 at 8:06 pm
MLS# 21160516
Listing URL
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Investment Insights
Based on property information with market context.
This triplex consists of three separate 1-bedroom units within a single building, offering a straightforward rental setup and flexibility for renovation or redevelopment. The property is presented as a value-add opportunity, with city water and sewer in place to support current use and future plans. The configuration also suits investors looking for income while identifying improvements or longer-term repositioning.
Located at 3517 Forney Road in Dallas, the asset is positioned for multifamily development under Senate Bill 840, as described in the provided remarks. The listing notes the property is zoned commercial under SB 840, with the ability to pursue multifamily development without rezoning.
For investors, this offers a practical path to enhance returns through unit improvements while retaining the ability to evaluate redevelopment options. Developers or owner-operators may find the combination of three existing residential units and SB 840-driven multifamily potential useful for building a redevelopment strategy without a rezoning process. The overall setup is well-suited for buyers seeking controlled, flexible next steps centered on multifamily income and value creation.
Located at 3517 Forney Road in Dallas, the asset is positioned for multifamily development under Senate Bill 840, as described in the provided remarks. The listing notes the property is zoned commercial under SB 840, with the ability to pursue multifamily development without rezoning.
For investors, this offers a practical path to enhance returns through unit improvements while retaining the ability to evaluate redevelopment options. Developers or owner-operators may find the combination of three existing residential units and SB 840-driven multifamily potential useful for building a redevelopment strategy without a rezoning process. The overall setup is well-suited for buyers seeking controlled, flexible next steps centered on multifamily income and value creation.
Key Highlights
- Triplex built in 1955 with three 1‑bedroom units in a single building.
- Zoned commercial under Senate Bill 840, allowing multifamily development without rezoning.
- City utilities include public water and public sewer.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three 1-bedroom units provide a flexible value-add opportunity with city water and sewer for long-term investment.
Where is this triplex located?
The property is located at 3517 Forney Road Dallas, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Triplex built in 1955 with three 1‑bedroom units in a single building.; Zoned commercial under Senate Bill 840, allowing multifamily development without rezoning.; City utilities include public water and public sewer.
