Listing provided courtesy of Dallas Property Advisors, LLC- MLS# 21222149MLS ProviderContact Information: Matteo Faeth - 469-554-0430

5921 Gaston AvenueDallas, TX 75214

Multi-Family · 8,880 Sq. ft. | 0.34 Acres
$1,550,000 Active

5921 Gaston Avenue Overview

Visits:
24

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, 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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

5921 Gaston Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,880
  • Price/Sq.ft. $175
  • Lot 0.34 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Lipscomb
  • Middle Or Junior School: Long
  • High School: Woodrow Wilson

Income/Expenses

  • Gross Income: 204101.0
  • Insurance Expense: 14823.0
  • Net Operating Income: 105172.0

Building Information

  • Year Built: 1957
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: Mccarville & Bonds

Tax Information

  • Tax Annual Amount: 30617.0

General Information

  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 8880.0

General Information

  • Appliances: Dishwasher,Electric Range,Disposal,Refrigerator
  • Flooring: Carpet,Luxury Vinyl Plank,Tile
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Granite Counters,Walk-In Closet(s)
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Attached Carport,Covered
  • Parking Total: 14.0

Lot Information

  • Lot Size Acres: 0.336
  • Lot Size Area: 0.336
  • Lot Size Square Feet: 14636.16
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

General Information

  • Carport: Yes
  • Number Of Units Total: 12
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5921 Gaston Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5921 Gaston Avenue Market Data

Based on the last 30 days in this zip code

$1,474,412
Average List Price
$472
Average Price per Square Foot
29
Properties Sold
70
Average Days on Market
213
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.