Three-Home
3823 Dempster Avenue, Cockrell Hill, TX 75211
For Sale
$700,000
ResidentialIncome, Cockrell Hill, TX
Property Size1,137 SF
Lot Size0.43 Acres
Price / SF$615.66
Days on Market19
Property Features for 3823 Dempster Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
United Real Estate DFW
(817) 360-8499
Listed By:
Evelynn Zavala · License TX #0786040
(817) 774-9364
Added: Oct 23
Changed: Nov 10
Last Checked: Nov 10 at 8:06AM
MLS# 21414952
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
Three dwellings occupy a 0.427-acre parcel. Their layouts include a two-bedroom, one-bathroom home, a three-bedroom, two-bathroom home, and a one-bedroom, one-bathroom home. The property was built in 1932 and includes storage and a carport.
Brick construction, central heating, and central air are among the property’s listed features. Public water and sewer serve the site.
Brick construction, central heating, and central air are among the property’s listed features. Public water and sewer serve the site.
Key Highlights
- Three dwellings on 0.427 acres
- Layouts include 2BR/1BA, 3BR/2BA, and 1BR/1BA homes
- Built in 1932
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
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
NOI $19,907 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$341.4K
$298.7K – $398.3K
NOI $23,898 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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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
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Market
Properties on Market for Triplexes in Dallas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The dwellings have two-, three-, and one-bedroom layouts.
Where is this triplex located?
The property is located at 3823 Dempster Avenue 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 dwellings on 0.427 acres; Layouts include 2BR/1BA, 3BR/2BA, and 1BR/1BA homes; Built in 1932
