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4915 Reiger Ave
Dallas, TX 75214
4915 Reiger Avenue · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Fully Renovated 12-Unit Boutique Asset
- Attractive Below-Market Basis
- Prime Old East Dallas Location
- Turnkey Asset with Operational Upside
Executive Summary
- 4915 REIGER: A well-located, 12-unit boutique apartment community with historic charm in the Old East Dallas submarket. Constructed in 1956 and fully renovated in 2026, the two-story property consists of one building with one-bedroom units averaging 586 SF and two-bedroom units averaging
909 SF, totaling 8,324 rentable SF. The community features open-concept floor plans, in-unit washer/dryers, individual HVAC condensers, individual water heaters, tenant self-storage building, and 20 parking spaces, providing residents with a modern and functional living experience.
- LONG-TERM OWNERSHIP: 4915 Reiger has been well cared for under long-term private ownership and heavily improved by current ownership. The Property offers minimal deferred maintenance and significant operational upside within a well-established residential submarket supported by continued population growth and rental housing demand.
- SIGNIFICANT CAPITAL IMPROVEMENTS: Current ownership has invested approximately $21.5K/unit in renovations over the last 24 months. Improvements include fully renovated kitchens and bathrooms, granite countertops, stainless steel appliances, luxury vinyl plank flooring, common hallway improvements, LED lighting upgrades, washer/dryer sets, water heaters, and new individual HVAC condensers, among other improvements.
909 SF, totaling 8,324 rentable SF. The community features open-concept floor plans, in-unit washer/dryers, individual HVAC condensers, individual water heaters, tenant self-storage building, and 20 parking spaces, providing residents with a modern and functional living experience.
- LONG-TERM OWNERSHIP: 4915 Reiger has been well cared for under long-term private ownership and heavily improved by current ownership. The Property offers minimal deferred maintenance and significant operational upside within a well-established residential submarket supported by continued population growth and rental housing demand.
- SIGNIFICANT CAPITAL IMPROVEMENTS: Current ownership has invested approximately $21.5K/unit in renovations over the last 24 months. Improvements include fully renovated kitchens and bathrooms, granite countertops, stainless steel appliances, luxury vinyl plank flooring, common hallway improvements, LED lighting upgrades, washer/dryer sets, water heaters, and new individual HVAC condensers, among other improvements.
Property Facts
| Sale Type | Investment | Lot Size | 0.40 AC |
| No. Units | 12 | Building Size | 8,000 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | PD | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | PD |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 586 |
| 2+2 | 4 | - | 909 |
Property Taxes
| Parcel Number | 00000153007000000 | Improvements Assessment | $407,520 |
| Land Assessment | $522,480 | Total Assessment | $930,000 |
Property Taxes
Parcel Number
00000153007000000
Land Assessment
$522,480
Improvements Assessment
$407,520
Total Assessment
$930,000
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