Glendale Oaks is a 40-unit brick garden-style multifamily community, plus one storage studio, on 1.31 acres at 5656 Live Oak Street in East Dallas. Built in 1968 and renovated in 2015, with select units further updated in 2025, the property is minutes from Downtown Dallas, Deep Ellum, and Baylor University Medical Center, with convenient access to US-75 and I-30. The community offers 37 one-bedroom and 3 two-bedroom units; 37 of 39 rentable units are leased (about 95% occupied). Approximately 80% of monthly rent is paid directly by housing assistance programs (DHA and VASH). Trailing-12 NOI is $346,262. Amenities include on-site laundry, covered carport parking (57 spaces), a dog park, and landscaped grounds. Value-add upside includes upgrading classic interiors, returning the on-site office and storage studio to the rent roll, and moving rents toward market as units turn. The 1.31-acre MF-2(A) site is surrounded by new townhome development; townhome redevelopment is a scenario worth considering, subject to zoning, entitlements, and buyer due diligence.
| Listing Id: | 21434949 |
|---|---|
| List Price: | $5,000,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Active |
| Bedrooms Total: | 43 |
| Bathrooms Full: | 43 |
| Unexempt Taxes: | $101,284 |
| Lot Size Square Feet: | 57,063.6000 |
| Lot Size Acres: | 1.31 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Munger Place |
| Postal Code: | 75206 |
| Year Built: | 1968 |
| Unit Count: | 5 |
| Accessibility Features Yn: | No |
| Appliances: | Dishwasher,Disposal,Electric Range,Microwave,Refrigerator |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 43.00 |
| Bathrooms Total Integer: | 43 |
| Building Area Source: | Public Records |
| Building Area Total: | 25,080.00 |
| Complex Name: | Glendale Oaks |
| Construction Materials: | Brick |
| Cooling: | Central Air |
| Directions: | From US-75, take the Live Oak St exit and head east on Live Oak St. Property is at 5656 Live Oak St, Dallas, TX 75206. |
| Elementary School: | Lipscomb |
| Elementary School Name: | Lipscomb |
| Exclusions: | Tenant personal property. |
| Flooring: | Carpet, Combination, Laminate |
| Foundation Details: | Slab |
| Gross Annual Expenses: | $301,318 |
| Gross Annual Income: | $647,580 |
| Heating: | Central |
| High School Name: | Woodrow Wilson |
| Insurance Expense: | $38,654 |
| Interior Features: | Cable TV Available, High Speed Internet Available |
| Levels: | Two |
| Listing Terms: | Cash, Contact Agent, Contract |
| Lot Size Area: | 1.3100 |
| Lot Size Units: | Acres |
| Middle School Name: | Long |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $346,262 |
| Number Of Buildings: | 4 |
| Number Of Parking Spaces: | 57 |
| Occupancy Rate: | 95 |
| Operating Expense Includes: | Accounting, Insurance, Maintenance, Maintenance Grounds, Professional Management, Utilities, Water/Sewer |
| Parking Features: | Carport, Covered |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 8083 |
| Roof: | Shingle |
| School District: | Dallas ISD |
| Senior Community Yn: | No |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | All Weather Road, City Sewer, City Water |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: U Property Management
Listing Agent: Jay Fang
469-500-1268
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North Texas Real Estate Information Systems, Inc. data last updated on November 13, 2026 11:07 AM - CT
Property Last Updated: November 13, 2026 11:07 AM - CT
