Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
N/A
5921 Gaston Avenue is a value-add multifamily investment opportunity located in the highly desirable Lakewood submarket of East Dallas, Texas. The property consists of 12 large residential units, offering an attractive unit mix that appeals to renters seeking spacious layouts in an established, high-demand neighborhood. Situated along Gaston Avenue, the property benefits from strong visibility and convenient access to Downtown Dallas, Uptown, Lower Greenville, and White Rock Lake, while remaining embedded within a predominantly residential area known for long-term demand and limited new supply. The Lakewood submarket’s high barriers to entry and proximity to lifestyle amenities support durable occupancy and rent growth. The asset presents a clear value-add strategy, with the ability to renovate interiors, enhance common areas, and implement operational efficiencies to drive rent premiums in line with renovated Lakewood comparables. Large unit sizes and infill location provide a competitive advantage relative to newer, smaller-format developments. Overall, 5921 Gaston Avenue offers investors the opportunity to acquire a well-located, infill multifamily asset in one of East Dallas’s most stable submarkets, with meaningful upside through renovation and repositioning while benefiting from strong underlying market fundamentals.
Features & Amenities
Interior
-
Other Interior Features
Granite Counters, Walk-In Closet(s)
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Attached Carport, Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.336
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,550,000
-
Tax Amount
$30,617
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Lipscomb
-
Middle School
Long
-
High School
Woodrow Wilson
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Sewer
Public Sewer
-
Tax Lot
6
-
Water Source
Public
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Location
County
Dallas
Elementary School
Lipscomb
Middle School
Long
High School
Woodrow Wilson
Listing Courtesy of Matteo Faeth , Dallas Property Advisors, LLC
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