506 N LANCASTER AVENUE, DALLAS, TX 75203
Homes for sale in Dallas.
Homes for sale in 75203.
506 N Lancaster Avenue
Dallas, TX 75203
List Price$880,000
Listing #21229843
About This Property
Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas. The property updated in 2023 features (2) 2-bedroom 1-bath units and (2) 1-bedroom 1-bath units, providing flexible living and rental options in a highly desirable Dallas location. Residents enjoy close proximity to some of the city's best dining, entertainment, and cultural attractions, along with easy access to major employment centers in Downtown Dallas. Nearby parks and green spaces, including Lake Cliff Park, offer additional recreation and outdoor appeal.The area continues to experience strong growth and redevelopment, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a rapidly appreciating corridor of Oak Cliff. Short term rental and Airbnb eligible with projected $12.8k a month income and 12% cap rate at asking. Survey available on transaction desk.
Property Features
Location Information
County
Dallas
Subdivision
Oak Cliff Original
Interior Features
Interior
Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Cable TV, Walk-In Closet(s)
Cooling
Central Air, Electric
Full Baths
4
Floors
Luxury Vinyl Plank
Has Fireplace
No
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Heating
Central, Electric, Natural Gas
Total Number of Units
4
Exterior Features
Stories
2
Patio / Deck Description
Balcony, Covered
Exterior
Balcony, Private Entrance
Pool Description
None
Foundation
Pillar/Post/Pier
Lot Size in Acres
0.159
Roof
Shingle
Lot Size in Sq. Ft.
6,943
Utilities
Sewer Available, Cable Available
Buildings
1
Security System
Smoke Detector(s)
Building Total Area (Sq. Ft.)
3,744
Parking Description
Additional Parking, Concrete
Is One Story
No
Fencing
Front Yard, Wood
School
Elementary School District
Dallas ISD
Jr. High School
Garcia
Elementary School
Bowie
High School
Adamson
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Quadruplex
Tax Annual Amount
13902.0
Year Built
1945
Lot Acres Source
Appraiser
Similar Listings
Mortgage Calculator
$4,109
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,171
Monthly Tax
$733
Monthly Insurance
$205
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Tiffany Turincio, Kimberly Adams Realty
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NTREIS - North Texas data last updated at April 28, 2026, 6:25 PM CT
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