5921 GASTON AVENUE, DALLAS, TX 75214
Homes for sale in Dallas.
Homes for sale in 75214.
5921 Gaston Avenue
Dallas, TX 75214
List Price$1,550,000
Listing #21222149
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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