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The Reiger 5313 Reiger Ave 26 Unit Apartment Building $7,750,000 ($298,077/Unit) Dallas, TX 75214
Investment Highlights
- New Construction
- Lakewood/Lower Greenville Submarket
- Luxury Finishes
Executive Summary
Introducing The Reiger, a newly constructed, boutique 26-unit multifamily community ideally positioned in one of East Dallas’ most dynamic and walkable neighborhoods—just outside the Junius Heights Historic District. This best-in-class asset combines modern design, efficient unit layouts, and a highly desirable lifestyle location that continues to see strong demand from renters seeking proximity, character, and convenience.
The property is minutes from Lower Greenville and the Henderson Avenue corridor, offering a growing mix of dining, retail, and entertainment options. Lakewood is just a short drive or bike ride away, with Whole Foods Market, Mi Cocina, Bowlski’s at the Lakewood Theater, and numerous neighborhood favorites providing daily conveniences and destination experiences alike.
Designed as a high-end multifamily offering, The Reiger appeals to today’s renter profile seeking modern finishes, new construction quality, and a prime East Dallas address—positioning the asset for strong leasing performance and long-term value appreciation.
The property is minutes from Lower Greenville and the Henderson Avenue corridor, offering a growing mix of dining, retail, and entertainment options. Lakewood is just a short drive or bike ride away, with Whole Foods Market, Mi Cocina, Bowlski’s at the Lakewood Theater, and numerous neighborhood favorites providing daily conveniences and destination experiences alike.
Designed as a high-end multifamily offering, The Reiger appeals to today’s renter profile seeking modern finishes, new construction quality, and a prime East Dallas address—positioning the asset for strong leasing performance and long-term value appreciation.
Property Facts
| Price | $7,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,077 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 26 | Building Size | 21,603 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | MF-2 - Multifamily | ||
| Price | $7,750,000 |
| Price Per Unit | $298,077 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 21,603 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | MF-2 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Refrigerator
- Oven
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,450 | 396 |
| 1+1 | 4 | $1,600 | 538 |
| 1+1 | 4 | $1,750 | 588 |
| 1+1 | 4 | $2,450 | 937 |
| 1+1 | 7 | $1,980 | 800 |
| 2+1.5 | 1 | $2,650 | 993 |
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Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 00000156688000000 | Improvements Assessment | $643,000 |
| Land Assessment | $256,000 | Total Assessment | $899,000 |
Property Taxes
Parcel Number
00000156688000000
Land Assessment
$256,000
Improvements Assessment
$643,000
Total Assessment
$899,000
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