5020 Pershing Street, Dallas, TX 75206
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by:scott hogg214-755-8201
Office:coldwell banker apex, realtors
MLS#:21061033
Source:GDAR
Price summary
- Price:$675,000
- Price per sq. ft.:$604.84
About this home
INVESTOR OPPORTUNITY! Knox Henderson Full Duplex on 7009 sqft Lot. Selling for lot value. This investment analysis details a unique opportunity to acquire a 7,009 square foot lot with a full duplex and detached garage in the highly desirable Knox-Henderson area of Dallas, also known as Cochran Heights. This prime location, with its mix of charming historic homes and modern new construction, makes the property a versatile asset for a range of investment strategies. Cochran Heights is a vibrant, walkable neighborhood with a high-income, highly educated population of young professionals. The area's strong appeal is driven by its close proximity to acclaimed restaurants, cafes, boutiques, and entertainment venues on Henderson Avenue and Knox Street. The lot's size is a significant advantage, exceeding the city's minimum requirements for both single-family and duplex development, which offers substantial flexibility. Alternatively, for an investor with a higher risk tolerance and development experience, a ground-up development project offers the potential for maximum returns. The 7,009 sq ft lot is large enough to support a new, high-end single-family home or a brand-new duplex. New construction in this neighborhood has commanded sales prices well over $1 million, with some reaching as high as $2.25 million, demonstrating the strong demand for new inventory. A new duplex, in particular, would allow an investor to maximize the lot's income potential while still meeting the City of Dallas's zoning and setback requirements for multi-family residences in this area.
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Home facts
- Year built:1938
- Listing ID #:21061033
- Added:12 day(s) ago
- Updated:October 02, 2025 at 11:50 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,116 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1938
- Building area:1,116 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Woodrow Wilson
- Middle school:Long
- Elementary school:Geneva Heights
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$604.84
- Tax amount:$8,553
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 2, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Lindsey Realty.New listings near 5020 Pershing Street
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