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, Lower
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.
| Listing Id: | 21432919 |
|---|---|
| List Price: | $1,495,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Active |
| Bedrooms Total: | 13 |
| Bathrooms Full: | 12 |
| Unexempt Taxes: | $30,617 |
| Lot Size Square Feet: | 14,636.1600 |
| Lot Size Acres: | 0.336 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Mccarville & Bonds |
| Postal Code: | 75214 |
| Year Built: | 1957 |
| Unit Count: | 0 |
| Accessibility Features Yn: | No |
| Appliances: | Dishwasher,Disposal,Electric Range,Refrigerator |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 12.00 |
| Bathrooms Total Integer: | 12 |
| Building Area Source: | Assessor |
| Building Area Total: | 8,880.00 |
| Complex Name: | 5921 Gaston AVe |
| Construction Materials: | Brick |
| Cooling: | Central Air |
| Directions: | Head east on Gaston from Munger. Property is on your left. |
| Elementary School: | Lipscomb |
| Elementary School Name: | Lipscomb |
| Flooring: | Carpet, Luxury Vinyl Plank, Tile |
| Foundation Details: | Pillar/Post/Pier |
| Gross Annual Expenses: | $98,929 |
| Gross Annual Income: | $204,101 |
| Heating: | Central |
| High School Name: | Woodrow Wilson |
| Insurance Expense: | $14,823 |
| Interior Features: | Granite Counters, Walk-In Closet(s) |
| Levels: | Two |
| Lot Size Area: | 0.3360 |
| Lot Size Units: | Acres |
| Middle School Name: | Long |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $105,172 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 14 |
| Occupancy Rate: | 100 |
| Parking Features: | Attached Carport, Covered |
| Pool?: | No |
| Possession: | Closing/Funding |
| Roof: | Composition |
| School District: | Dallas ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Tenancy: | Over 9 Months |
| Utilities: | City Sewer, City Water |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Dallas Property Advisors, LLC
Listing Agent: Matteo Faeth
469-554-0430
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North Texas Real Estate Information Systems, Inc. data last updated on November 11, 2026 09:02 AM - CT
Property Last Updated: November 11, 2026 09:02 AM - CT
