That is not normal for that area, but it is sometimes how things go.If you Google the street view of the Parker property, you will see that, in my opinion, it is not an area you want to be in long term.

Just the other week I was giving a tour to a potential Canadian investor, and they were shocked at how quickly a street goes from mid/high-end to....well, not as desirable.

In residential (1-4 unit), you are hamstrung by what your neighbors property sold for down the street.  

Add two more bedrooms and you're on easy street.

We lived in the country, across the street from Welkinweir.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

And for example there was a Crowd Street deal (Nightingle) where the sponsor omitted losses from their claimed track record (and ultimately was fraud...they never even bought the claimed property).And there appeared to be some difficulty or confusion with obtaining the full and complete track record ( including both realized and unrealized deals).

The reason for this is the university will likely want to expand & your street could have a high potential of being bought out by the university.

@Michael Baum @Grant Woodward @John Underwood @Bruce Woodruff @Terry Ouimet   @Andrew Street @Patricia Andriolo-Bull @Andrew Steffens @Jake Baker Appreciate all the valuable input from your experience!  

This is a summarized version of events, but stray I rescued off the street gave birth to 7 puppies, bringing my total to 13.