Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

5921 Gaston Ave
Dallas, TX 75214
Multifamily Property For Sale · 12 Units

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Executive Summary

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, Low-er 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 ability 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 Facts

Price Per Unit $129,167
Sale Type Investment
Cap Rate 6.79%
Sale Condition 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.34 AC
Building Size 8,960 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1957/2025
Parking Ratio 1/1,000 SF
Zoning Planned Development

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 11 - 700
2+1 1 - 700

Property Taxes

Property Taxes

Parcel Number
00000183022000000
Land Assessment
$292,560
Improvements Assessment
$1,082,440
Total Assessment
$1,375,000
  • Listing ID: 39388955

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: 5921 Gaston Ave, Dallas, TX 75214

Contact the Sale Advisor

5921 Gaston Ave

What's your inquiry about?*

Select at least one of the options above

Preferred Date*

Select one date

Message* (optional)

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
Favorite Listings
Save Searches
Share Listings
Access Documents
Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}