3823 Dempster Ave, Cockrell Hill, TX 75211

Building Details

Year Built 1932 More

Buildings 3 More

Listing Agency: United Real Estate DFW

Listed By: Evelynn Zavala · License #0786040 Show Phone

Source: Realestatestation

Added: Oct 20 Changed: Nov 7 Last Checked: Oct 28 at 4:57AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate DFW

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Three separate homes occupy one lot, with a combined property size of 1,137 square feet. The front residence has 2 bedrooms and 1 bathroom, the middle residence has 3 bedrooms and 2 bathrooms, and the rear residence has 1 bedroom and 1 bathroom. The property was built in 1932.

Key Highlights

• Three distinct homes on one lot
• Front home: 2 bedrooms and 1 bathroom
• Middle home: 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,907

Cap Rate

2.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$398,140 $398.1K

Cap Rate 7%

$284,386 $284.4K

Cap Rate 9%

$221,189 $221.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,137 SF

Gross rent

$31.7K $27.84/SF

− Vacancy

−$3.2K −$2.83/SF

EGI

$28.4K $25.01/SF

− OpEx

−$8.5K −$7.50/SF

NOI

$19.9K $17.51/SF

Area

ZIP 75211

Vacancy

10.16%

Lease Rate

$27.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$398,140

Cap Rate 7%

$284,386

Cap Rate 9%

$221,189

Alternative Uses

Best Use

Multifamily LT 5

$284.4K

$248.8K – $331.8K (±1% cap)

NOI $19,907 @ 7.0% cap · market cap 2.84%

Second Best

Apartment 5plus

$247.0K

$216.1K – $288.2K (±1% cap)

NOI $17,289 @ 7.0% cap · market cap 2.47%

Theoretical Best

Office A

$341.4K

$298.7K – $398.3K (±1% cap)

NOI $23,898 @ 7.0% cap · market cap 3.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

99

Businesses Nearby

Explore this area Business Placement

Demographics for 75211, TX

70,695

Population

24,103

Households

2.9

Avg Household Size

32

Median Age

14%

College-Educated

61%

High-School Grad

17.2 sq mi

ZIP Area

4,110

Density / Sq Mi

$56,377

Median Household Income

$33,845

Median Earnings

$1,251

Median Rent

$198,500

Median Home Value

Market

Properties on Market for Triplexes in Dallas County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three separate homes on one lot offer a range of bedroom and bathroom configurations.

Where is this triplex located?

The property is located at 3823 Dempster Ave Cockrell Hill, TX.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Three distinct homes on one lot; Front home: 2 bedrooms and 1 bathroom; Middle home: 3 bedrooms and 2 bathrooms