List Search

3414 Asbury St
Dallas, TX 75205 University Park

$1,500,000 USD

Specialty For Sale  •  1,850 SF

Property Details

  • Property Type Specialty
  • Total Building Size 1,850 SF
  • Building Class C
  • Year Built 1979
  • Cap Rate 5.06 %
  • Zoning Residential
30 Transit Score
70 Walk Score

Highlights

Demand for high-quality off-campus rentals near SMU remains strong year after year.
Guarantors (primarily affluent parents) significantly reduce default risk.
Premium rents are achievable even for small-unit properties. | Vacancy risk is extremely low due to constant demand pressure.
SMU only houses approx. 50% of its undergraduate students beyond freshman year.
Students overwhelmingly prefer walkable, upscale housing — especially sorority/fraternity upper-classmen.
Many students move off campus after Year 1, creating consistent demand for 2nd, 3rd, and 4th-year housing.

Financial Summary (Actual)

Net Operating Income: $75,864 USD (2025)
Cap Rate: 5.06 %
Total Expenses: $14,136 USD

Public Transportation

Commuter RailDriveWalkDistance
Medical/Market Ctr Station (TRINITY RAILWAY - DALLAS AREA RAPID TRANSIT) 12 min - 5.6 mi
Victory Station (TRINITY RAILWAY - DALLAS AREA RAPID TRANSIT) 10 min - 5.8 mi
AirportDriveWalkDistance
Dallas Love Field 12 min - 4.8 mi
Dallas-Fort Worth International 33 min - 22.6 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 4
Type: Reserved
Included in Rent: Yes
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC