14
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7231 Syracuse Drive
About This Property
Discover an exceptional opportunity to own a vacant lot in the vibrant heart of Dallas, Texas. Perfectly positioned near Southern Methodist University (SMU), the Dallas Arboretum and Botanical Garden, NorthPark, and just minutes from the excitement of Downtown Dallas, this property offers unmatched access to shopping, dining, entertainment, and major highways.
Whether you're dreaming of building your custom home, a stylish investment property, or a unique urban retreat, this lot's central location makes it ideal. Enjoy quick connections to all parts of the city, from Uptown and Deep Ellum to White Rock Lake and beyond.
Features & Highlights:
Prime central Dallas location
Close to SMU, Northpark, Dallas Arboretum, and Downtown!
Easy access to major highways for seamless commuting!
Surrounded by top-rated dining, shopping, and entertainment!
Endless potential for custom building or investment!
This is your chance to secure a piece of Dallas real estate in a location where convenience meets lifestyle.
Don't miss out-opportunities like this in the center of the city are rare!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2026 | Price Decreased |
$550,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Mar 7, 2026 | Price Decreased |
$555,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Aug 14, 2025 | Listed by RE/MAX Dallas Suburbs PM | $575,000 | |
| Listed by RE/MAX Dallas Suburbs PM | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017