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5722 Gaston Avenue

Dallas, Texas 75214
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Bed 0

Bed

Bath 0

Bath

Acres0.32

Acre(Lot)

Lakewood offers the opportunity to acquire a 12-unit apartment community that has been thoughtfully maintained by the same private owner for nearly a decade. Throughout the ownership period, the property has undergone a series of meaningful capital improvements designed to enhance both its physical condition and operational efficiency. Ownership has invested more than $226k into the asset, including the conversion of all units to central HVAC, individual utility metering, plumbing upgrades, a new central water heater, interior renovations, landscape improvements, and a new perimeter security gate. Additionally, the roof was replaced in 2020, further reducing future capital requirements for a new owner. Collectively, these improvements have addressed many of the major building systems that investors typically evaluate when acquiring a vintage apartment community. The community offers a mix of 1 and 2 bedroom units, with effective rents averaging $1,072. Please see OM in Transaction Desk and contact agent specified in notes section for questions, access to financials and tours.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,450,000

AD Id : 87705952

MLS Id : 567125189

Lot Size : 0.32 Acre

Year Built : 1958

County : Dallas

Subdivision: Munger Place Add Sec 02

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Cable TV Available,Granite Counters,High Speed Internet Available

    Appliances

    Dishwasher,Disposal,Electric Range,Microwave,Refrigerator

    Utilities

    City Sewer,City Water
  • Cooling Features

    Ceiling Fan(s),Central Air,Electric

    Heating Source

    Central,Electric

  • Building Information

    Built Year: 1958 Building Area Total: 8,785 Construction: Brick Roof Type: Asphalt
  • Foundation

    Pillar/Post/Pier
  • Construction Materials

    Brick

  • Lot Information

    Lot Size (Acr): 0.3230 Lot Size Units: Acres Lot Size Square Feet: 14,070
  • Property Information

    Property Type: Residential Income Property Sub Type: Apartment Subdivision: Munger Place Add Sec 02 City: Dallas State: Texas Directions: Google maps Property Status: Active Levels: Two Property Age: 68 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $1,450,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 00000182029000000 Tax Block: 51868 Tax Legal Description: MUNGER PLACE BLK 5/1868 LOT 18 Tax Lot: 18 Unexempt Taxes: $29,393

  • Parking Information

    Parking: 11 Parking Features: Asphalt,On Site
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Lipscomb Middle School: Long High School: Woodrow Wilson School District: Dallas ISD
  • Utility Information

    Utilities: City Sewer,City Water
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 07/10/2026 @ 01:12

MLS: 567125189 LISTED BY: Esther Cho, GSFREA LLC 214-206-9559 SOURCE: NTREIS - North Texas Real Estate Information

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