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317 Lansing Street

Dallas, TX 75203

$405,000

2 units · 1949

Units2
Building area2,910 sq ft
Year built1949
Gross income$30,000/yr
Cap rate1.99% as listed
Parking2 spaces
Lot size0.19 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$9,000 per year — as listed
Insurance$3,960 per year — as listed
Net operating income$8,070 per year — as listed

About this home

Tucked into the heart of North Oak Cliff, this multi-family property at 317 Lansing St offers 2,910 square feet of living space on a generous 8,262-square-foot lot. Built in 1949, the property is configured as two main units, each featuring 2 bedrooms and 2 bathrooms along with its own covered back patio, plus an additional upstairs unit on each side, giving the property added rental flexibility and income potential. Water pipes were replaced within the last two months, reducing near-term maintenance concerns for a buyer holding the property through an entitlement or redevelopment process.

The location is where this property really shines. Situated just minutes from Bishop Arts District, Trinity Groves, and downtown Dallas, it offers easy access to some of the city's most walkable dining, shopping, and entertainment corridors. Outdoor lovers will appreciate being close to Kessler Park, Lake Cliff Park, Kidd Springs Park, Stevens Park Golf Course, and the Trinity River corridor. This combination of proximity to major employment centers and abundant nearby amenities positions the lot with strong upside. whether for continued multi-family use, renovation, or long-term redevelopment potential in one of Dallas's fastest-growing urban neighborhoods.

The details

HeatingElectric
CoolingAttic Fan, Ceiling Fan(s)
FlooringCarpet, Tile, Vinyl, Wood
AppliancesGas Range
Interior featuresMultiple Staircases, Vaulted Ceiling(s)

Construction materialsFrame
RoofComposition, Shingle
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer

SubdivisionC E Browns

ElementaryBowie
Middle schoolGarcia
High schoolAdamson
DistrictDallas ISD

Gross income$30,000 per year
Operating expenses$9,000 per year
Insurance$3,960 per year
Cap rate1.99% — as listed
Net operating income$8,070 per year

MLS #21360216
Source
Price changeReduced by $20,000 · Oct 8, 2026
On the market55 days
CountyDallas

Around this home

One moment…

Everyday life

Nearest groceryJerry's Supermarket · 1.1 mi
Nearest parkTurner Plaza Park · 0.4 mi

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Listing courtesy of Castle Heights Real Estate — Lilliana Fernandez.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21360216. Information last updated October 8, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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