5520 Gaston Ave - Apartments FOR SALE


Dallas, TX 75214- Old East Dallas
$3,500,000 USD
817-715-1932
5520 Gaston Ave, Dallas, TX for Sale
$3,500,000 USD
Apartments - FOR SALE
1/12
null | 4.64% Cap Rate

5520 Gaston Ave
Dallas, TX 75214
Old East Dallas


HIGHLIGHTS

  • Just a few minutes drive from the heart of Downtown Dallas, offering easy access to a multitude of employment, entertainment, and cultural venues.
  • Close to White Rock Lake and surrounding parkland, providing residents with ample outdoor activities like jogging, cycling, rowing, and picnic spots.

OVERVIEW

5520 Gaston Ave is a fully modernized, 23 unit multifamily community situated in one of Dallas’ most dynamic and infill submarkets. This meticulously updated asset offers a turnkey investment with significant curb appeal, contemporary unit interiors, and thoughtful outdoor amenity enhancements tailored to today’s renter preferences. The property was thoroughly renovated in 2018 and delivers a fresh, elevated living experience while maximizing long-term operational performance. Each unit features high-quality upgrades including new sheetrock throughout, brand new appliances, modern countertops, premium flooring, and fully renovated bathrooms, creating an attractive design aesthetic and reinforcing resident satisfaction and retention. Outdoor living has been thoughtfully reimagined with a beautifully upgraded courtyard offering artificial turf, ambient outdoor lighting, and inviting firepit seating, providing residents with a compelling communal space that enhances lifestyle value and differentiates the property in the competitive Dallas rental market. Located on Gaston Ave, the property benefits from excellent accessibility to local employment centers, retail and dining destinations, and major transportation corridors, making it a highly desirable address for a broad spectrum of renters. 5520 Gaston Ave presents investors with an exceptional opportunity to acquire a stabilized, move-in ready asset with attractive value-add appeal and long-term income potential in the thriving Dallas multifamily market.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

23

PRICE/UNIT

$152,174

CAP RATE

4.64%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Palm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

PD-99

APN/PARCEL ID

00000181828000000,00000181828000100

ASK ABOUT THIS PROPERTY

Heather Konopka CCIM, CRESPERRY - The HKC GroupMore Info
817-715-1932

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Heather Konopka CCIM, CRESPERRY - The HKC GroupMore Info
817-715-1932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.