5921 GASTON AVENUE, DALLAS, TX 75214

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Homes for sale in 75214.


5921 Gaston Avenue

Dallas, TX 75214

Active

List Price$1,550,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21222149

8,880

Square Feet

12

Number of Units

Multi-Unit Residential

Type

About This Property

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.

Property Features

Location Information

County

Dallas

Subdivision

Mccarville & Bonds

Interior Features

Interior

Granite Counters, Walk-In Closet(s)

Floors

Carpet, Luxury Vinyl Plank, Tile

Has Fireplace

No

Appliances

Dishwasher, Electric Range, Disposal, Refrigerator

Heating

Central

Total Number of Units

12

Cooling

Central Air

Exterior Features

Stories

2

Pool Description

None

Construction

Brick

Lot Size in Acres

0.336

Foundation

Pillar/Post/Pier

Lot Size in Sq. Ft.

14,636

Roof

Composition

Buildings

1

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

8,880

Parking Description

Attached Carport, Covered

Is One Story

No

School

Elementary School District

Dallas ISD

Jr. High School

Long

Elementary School

Lipscomb

High School

Woodrow Wilson

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

RI

Has a Home Owners Association

No

Property SubType

Apartment

Tax Annual Amount

30617.0

Year Built

1957

Similar Listings

Mortgage Calculator

$7,237

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$5,585

Monthly Tax

$1,291

Monthly Insurance

$361

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

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