5921 Gaston Ave - Apartments FOR SALE


Dallas, TX 75214- Old East Dallas
$1,550,000 USD
469-554-0430
5921 Gaston Ave, Dallas, TX for Sale
$1,550,000 USD
Apartments - FOR SALE
1/15
null | 6.79% Cap Rate

5921 Gaston Ave
Dallas, TX 75214
Old East Dallas


OVERVIEW

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, Low-er 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.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

12

PRICE/UNIT

$129,167

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,627 SF

ZONING

Planned Development

APN/PARCEL ID

00000183022000000

ASK ABOUT THIS PROPERTY

Matteo Faeth, CCIMDallas Property AdvisorsMore Info
469-554-0430

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Matteo Faeth, CCIMDallas Property AdvisorsMore Info
469-554-0430

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