Active Option Contract

506 N Lancaster Avenue

Dallas, Texas 75203
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Bed 6

Bed

Bath 4

Bath

SqFt3,744

Sqft

Acres0.16

Acre(Lot)

Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas. The property updated in 2023 features (2) 2-bedroom 1-bath units and (2) 1-bedroom 1-bath units, providing flexible living and rental options in a highly desirable Dallas location. Residents enjoy close proximity to some of the city’s best dining, entertainment, and cultural attractions, along with easy access to major employment centers in Downtown Dallas. Nearby parks and green spaces, including Lake Cliff Park, offer additional recreation and outdoor appeal.The area continues to experience strong growth and redevelopment, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a rapidly app reciating corridor of Oak Cliff. Short term rental and Airbnb eligible with projected $12.8k a month income and 12% cap rate at asking. Survey available on transaction desk.

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Detail Ic Property Details

Property Type : Residential Income

Price : $880,000

AD Id : 77772750

MLS Id : 556274961

Beds : 6

Lot Size : 0.16 Acre

Living Area Size : 3,744

Year Built : 1945

County : Dallas

Subdivision: Oak Cliff Original

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Interior Features

    Cable TV Available,Kitchen Island,Multiple Staircases,Open Floorplan,Pantry,Walk-In Closet(s)

    Appliances

    Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Gas Cooktop,Gas Oven,Gas Range,Microwave,Refrigerator,Tankless Water Heater

    Utilities

    City Sewer
  • Cooling Features

    Central Air,Electric

    Heating Source

    Central,Electric,Natural Gas

  • Building Information

    Built Year: 1945 Building Area Total: 3,744 Construction: Siding Roof Type: Shingle
  • Exterior Features

    Balcony,Covered Patio/Porch,Private Entrance

    Foundation

    Pillar/Post/Pier

    Security Features

    Smoke Detector(s)
  • Patio And Porch

    Covered

    Fencing

    Front Yard,Wood

    Construction Materials

    Siding

  • Lot Information

    Lot Size (Acr): 0.1594 Lot Size Units: Square Feet Lot Size Square Feet: 6,943 Lot Size Source: Appraiser
  • Property Information

    SQ ft (Living Area): 3,744 Property Type: Residential Income Property Sub Type: Quadruplex Subdivision: Oak Cliff Original City: Dallas State: Texas Directions: from 30 exit 8th street. Drive .4 miles and make a left on E Eighth St. Drive .3 miles and make a right on Lancaster Ave. Property Status: Active Option Contract Levels: Two Property Age: 81 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $880,000 List Price Tot SqFt: $235
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 00000250228000000 Tax Block: 61 Tax Lot: 1 Unexempt Taxes: $13,902

  • Parking Information

    Parking: 6 Parking Features: Additional Parking,Concrete
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Bowie Middle School: Garcia High School: Adamson School District: Dallas ISD
  • Utility Information

    Utilities: City Sewer
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
520 & 522 Woodbine Avenue, Dallas, TX, 75203 $818,800 6 8 3,870 3,870 SqFt
503 E 6th Street, Dallas, TX, 75203 $584,900 6 3 --
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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 08/16/2026 @ 22:34

MLS: 556274961 LISTED BY: Tiffany Turincio, Kimberly Adams Realty 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

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