Positioned in the heart of South Dallas’ revitalization corridor, the ±0.92-acre assemblage at 3917 & 3927 Holmes Street presents a rare, high-leverage development opportunity. Located within a federally designated Opportunity Zone and newly qualified under Texas SB-840 legislation, the site offers substantial density and design flexibility for multifamily developers seeking to capitalize on Dallas’ accelerating urban growth.
The property consists of two contiguous parcels with direct frontage on Holmes Street, offering flat topography and minimal grading requirements. With electric, water, and sewer utilities available nearby or on-site, the site is primed for efficient development. Under previous zoning, the site supported only 12 units (6 duplexes), but SB-840 now allows a minimum of 33 units by right—potentially more depending on local density allowances. Developers may build up to 45 feet in height, enabling four-story configurations ideal for townhomes, small apartment buildings, or JV infill projects.
Strategically located near I-45 and public transit, the site benefits from strong connectivity to Downtown Dallas, Fair Park, and the Cedars district. The 75215 ZIP code continues to attract investment, with rising demand for both rental and for-sale housing. Phase I environmental and soil testing have already been completed, streamlining the due diligence process.
This is a compelling opportunity for developers seeking tax-advantaged investment in a high-growth urban submarket with favorable legislation and strong housing fundamentals.
