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418-422 N Lancaster Ave, Dallas, TX, 75203

Lancaster Twins Apartments

$1,400,000

Key Information

$ per SF
$111
Tot. SF
12,630
Units
18
Year Built
1927
Type
Apartments
NOI
$81,477

Highlights

• Opportunity Zone Asset — The property sits within a confirmed Qualified Opportunity Zone, allowing an investor who invests capital gains through a Qualified Opportunity Fund to defer the original gain, earn a 10% basis step-up after a five-year hold, and — most powerfully — take permanent exclusion from taxable income of the appreciation on the investment if held at least 10 years.
• Appreciating Infill Submarket — The asset sits in one of Dallas’s most sought-after urban corridors, where home prices are projected to rise 3.5 to 5 percent through 2026, with the strongest gains in Lakewood, the Bishop Arts District and the northern-suburb prime tier.
• Walkable, Amenity-Rich Neighborhood Drives Tenant Demand — Renters are drawn to a 49-square-block pocket of North Oak Cliff packed with more than 60 independently owned shops, restaurants, bars, and galleries, widely regarded as Dallas’ most walkable neighborhood-as-destination.
• Structural Demand Floor + Improving Supply Picture — The metro added roughly 175,000 residents in 2024 — the largest net gain among US large metros — supported by expanding Toyota, JPMorgan Chase, Goldman Sachs and McKesson footprints.
• ±2.6 Miles from DT Dallas — Prime Dallas location benefiting from strong home price appreciation and continued growth in Bishop Arts/Oak Cliff.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204