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5309 East Side Ave 5 Unit Apartment Building $1,100,000 ($220,000/Unit) 6% Cap Rate Dallas, TX 75214
Investment Highlights
- Fully leased 5-unit property producing strong in-place cash flow.
- Opportunity for rent growth through lease renewals and RUBS.
- Flexible zoning for future repositioning and redevelopment potential.
- Located 1.7 miles from Baylor Medical Center and near Deep Ellum.
- Historic Junius Heights location with stable market fundamentals.
- Minutes to Downtown Dallas, dining, arts, and major highways.
Executive Summary
5309 Eastside Avenue offers a compelling 5-unit multifamily investment in the historic Junius Heights neighborhood of Dallas. The property features a mix of three 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units, fully leased and generating consistent income. Built in 1927 and well maintained, this asset combines stabilized cash flow with substantial upside potential through rent growth, expense optimization, and long-term redevelopment flexibility.
Situated just 1.7 miles from Baylor University Medical Center and 1.5 miles from Deep Ellum, the property benefits from strong rental demand driven by its proximity to Dallas’ dining, entertainment, and employment hubs. Zoned for duplex or single-family use, it provides adaptability for future repositioning. This is an outstanding opportunity for investors seeking immediate income along with multiple value-add strategies in one of Dallas’ most desirable and historically significant neighborhoods.
Situated just 1.7 miles from Baylor University Medical Center and 1.5 miles from Deep Ellum, the property benefits from strong rental demand driven by its proximity to Dallas’ dining, entertainment, and employment hubs. Zoned for duplex or single-family use, it provides adaptability for future repositioning. This is an outstanding opportunity for investors seeking immediate income along with multiple value-add strategies in one of Dallas’ most desirable and historically significant neighborhoods.
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6% | Building Size | 4,148 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment |
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,148 SF |
| No. Stories | 2 |
| Year Built | 1927 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00000120184000000 | Improvements Assessment | $446,240 |
| Land Assessment | $216,210 | Total Assessment | $662,450 |
Property Taxes
Parcel Number
00000120184000000
Land Assessment
$216,210
Improvements Assessment
$446,240
Total Assessment
$662,450
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5309 East Side Ave
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