6140 Oram St - Apartments FOR SALE


Dallas, TX 75214- Lower Greenville
$5,000,000 USD
214-303-1133
6140 Oram St, Dallas, TX for Sale
$5,000,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

6140 Oram St
Dallas, TX 75214
Lower Greenville


HIGHLIGHTS

  • Fully leased 10-unit townhome asset in the Lakewood neighborhood of Dallas with stable in-place income.
  • Two-bedroom townhome units with attached two-car garages, private yards, balconies, and in-unit laundry.
  • Turn-key, professionally managed property providing immediate operational stability.
  • Located between Lower Greenville and the Lakewood Shopping Center, two of East Dallas’ most active retail corridors.
  • Adjacent to the Skillman Shopping Center with immediate access to neighborhood retail and dining.
  • Value-add potential supported by nearby upgrades at 5830 Oram Street that achieved rent growth.

OVERVIEW

6136–6140 Oram Street presents the opportunity to acquire a fully leased, professionally managed 10-unit townhome asset in the Lakewood neighborhood of Dallas, one of the city’s most supply-constrained infill locations, supported by a proven value-add model executed nearby. The property consists of 10 two-bedroom townhomes, offering an alternative to conventional multifamily and appealing to tenants seeking the space, privacy, and functionality of a single-family home within an urban setting. Each residence includes an attached two-car garage, private fenced backyard, open-concept living areas, in-unit laundry, and spacious bedrooms with en suite bathrooms. Kitchens feature stainless steel appliances and functional finishes, while private balconies extend the living space and reinforce the townhome-style design that has supported consistent occupancy. Located within walking distance of Lower Greenville and minutes from Lakewood and Downtown Dallas, the property benefits from strong, durable rental demand in an established neighborhood. The surrounding area is largely built out, with limited available land and minimal new townhome rental supply, making assets of this type difficult to replicate. The investment thesis is reinforced by a comparable repositioning completed in 2025 at 5830 Oram Street, three blocks away, where targeted interior and exterior upgrades produced measurable rental growth without structural renovation. 6136–6140 has not undergone those improvements, allowing a new owner to implement a similar program over time as units turn while maintaining in-place income. The offering combines stable cash flow with a clearly defined path to revenue growth in a submarket where comparable assets rarely come to market. Ask Broker for financials and rent roll.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

10

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,124 SF

ZONING

MF-2(A)

APN/PARCEL ID

00000202279000000,00000202282000000

ASK ABOUT THIS PROPERTY

Adam MurphyDave Perry-MillerMore Info
214-303-1133

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Adam MurphyDave Perry-MillerMore Info
214-303-1133

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