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,… Read More 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. Read Less
Courtesy of Dallas Property Advisors, LLC, Matteo Faeth.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.34 Acres
Year Built
1957
MLS Number
21222149
Additional Details
Appliances & Equipment
Dishwasher, ElectricRange, Disposal, Refrigerator
Building
Built in 1957, Construction materials: Brick, Levels: Two, 1 building, 2, Toal building area: 8880
Cooling
CentralAir
Expenses
Insurance: $14,823
Floors
Carpet, LuxuryVinylPlank, Tile
Heating
Central
Income
Gross income: $204,101, Net operating income: $105,172
Interior Features
GraniteCounters, WalkInClosets
Lot
0.336 acres, 14,636 sqft
Parking
14 total parkings, AttachedCarport, Covered
Pool
None
Roof
Composition
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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