Active

5921 Gaston Avenue

Dallas, Texas 75214

$1,550,000 $6,534/Mo

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Overview

Bed

Bath

0.34

Acre(Lot)

Description

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 abi lity 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.

Property Details

Property Type : Residential Income

Price : $1,550,000

AD Id : 76606957

MLS Id : 555523367

Lot Size : 0.34 Acre

Year Built : 1957

County : Dallas

Subdivision: Mccarville & Bonds

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Granite Counters,Walk-In Closet(s)

Appliances

Dishwasher,Disposal,Electric Range,Refrigerator

Utilities

City Sewer,City Water
Cooling Features

Central Air

Heating Source

Central

Building Information

Built Year: 1957 Building Area Total: 8,880 Construction: Brick Roof Type: Composition
Foundation

Pillar/Post/Pier
Construction Materials

Brick

Lot Information

Lot Size (Acr): 0.3360 Lot Size Units: Acres Lot Size Square Feet: 14,636
Property Information

Property Type: Residential Income Property Sub Type: Apartment Subdivision: Mccarville & Bonds City: Dallas State: Texas Directions: Head east on Gaston from Munger. Property is on your left. Property Status: Active Levels: Two Property Age: 69 Year Built Details: Preowned

Listing Price Information

Original List Price: $1,550,000
Listing Information

Possession: Closing/Funding

Tax Information

Parcel Number: 00000183022000000 Tax Block: 31882 Tax Legal Description: MCCARVILLE & BONDS BLK 3/1882 LOT 6A Tax Lot: 6 Unexempt Taxes: $30,617

Parking Information

Parking: 14 Parking Features: Attached Carport,Covered
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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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2630 Lakeforest Court, Dallas, TX, 75214	$640,000	3	2	1,718	1,718 SqFt
7340 Syracuse Drive, Dallas, TX, 75214	$1,725,000	5	7	4,273	4,273 SqFt
7327 Casa Loma Avenue, Dallas, TX, 75214	$1,997,000	4	6	4,706	4,706 SqFt
7323 Casa Loma Avenue, Dallas, TX, 75214	$1,749,000	5	6	4,797	4,797 SqFt
7319 Casa Loma Avenue, Dallas, TX, 75214	$1,899,000	4	5	4,174	4,174 SqFt
7330 Casa Loma Avenue, Dallas, TX, 75214	$1,999,500	5	6	4,600	4,600 SqFt
6925 Galemeadow Circle, Dallas, TX, 75214	$950,000	4	3	2,663	2,663 SqFt
7206 Tokalon Drive, Dallas, TX, 75214	$2,500,000	2	3	3,095	3,095 SqFt
7323 Coronado Avenue, Dallas, TX, 75214	$1,250,000	4	3	2,743	2,743 SqFt
7159 Wildgrove Avenue, Dallas, TX, 75214	$2,197,000	5	5	4,120	4,120 SqFt

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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 06/12/2026 @ 12:43

MLS: 555523367 LISTED BY: Matteo Faeth, Dallas Property Advisors, LLC 469-554-0430 SOURCE: NTREIS - North Texas Real Estate Information