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    220 Lancaster Ave Dallas, TX 75203

    For Sale
    Contact for pricing

    115-Unit Apartment Complex, 73,348 SF

    Property size:
    73,348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional multifamily investment opportunity encompasses a substantial 115-unit apartment complex strategically located in Dallas, Texas, within Dallas County, at 220 S. Marsalis Ave. & 211, 217, 225 S. Lancaster Ave., zip code 75203. The property sits on a sizable 2.6-acre lot and boasts a total building area of approximately 73,348 square feet. The complex is zoned PD 468 (WMU-12), offering potential for various development or expansion options. This established property presents a compelling investment prospect due to its significant scale, prime location, and substantial unit count. The property's size and unit density make it an attractive option for investors seeking a substantial return on investment in the Dallas market. Detailed financial information and operational data are available upon request. This is a rare opportunity to acquire a well-established multifamily property in a thriving Texas market. Serious inquiries only.

    Property Features for 220 Lancaster Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    73,348 SF
    Lot Size
    113,256 SF

    Building Details

    Units
    115

    HighLights

    • 2.6‑acre land parcel.
    • 73,348 square foot building.
    • 115 apartment units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.8144582
    Latitude
    32.7457538

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    FAQs

    What type of property is this?
    Multifamily property - 115-Unit Apartment Complex, 73,348 SF
    Where is this multifamily property located?
    The property is located at 220 Lancaster Ave Dallas, TX.
    What are key features of this property?
    This property features: 2.6-acre land parcel.; 73,348 square foot building.; 115 apartment units.
    Request Owner's contact information
    220 Lancaster Ave Dallas, TX 75203
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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
    220 Lancaster Ave Dallas, TX 75203
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