5309 Eastside Avenue offers a compelling 5-unit multifamily investment in the historic Junius Heights neighborhood of Dallas. The property features a mix of three 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units, fully leased and generating consistent income. Built in 1927 and well maintained, this asset combines stabilized cash flow with substantial upside potential through rent growth, expense optimization, and long-term redevelopment flexibility. Situated just 1.7 miles from Baylor University Medical Center and 1.5 miles from Deep Ellum, the property benefits from strong rental demand driven by its proximity to Dallas’ dining, entertainment, and employment hubs. Zoned for duplex or single-family use, it provides adaptability for future repositioning. This is an outstanding opportunity for investors seeking immediate income along with multiple value-add strategies in one of Dallas’ most desirable and historically significant neighborhoods.