[[800]]5921 Gaston Ave is listed for sale at 1,495,000. The Multi-Family - 5 Plus property has 13 bedrooms, 12 Full Bathrooms, and was built in 1957. The lot size is 14636.2 Square feet.[[500]]5921 Gaston Avenue is a value-add multifamily investment opportunity located in the highly desirable Lakewood submarket of EastDallas, Texas. The property consists of 12 large residential units, offering an attractive unit mix that appeals to renters seeking spaciouslayouts in an established, high-demand neighborhood.Situated along Gaston Avenue, the property benefits from strong visibility and convenient access to Downtown Dallas, Uptown, LowerGreenville, and White Rock Lake, while remaining embedded within a predominantly residential area known for long-term demandand limited new supply. The Lakewood submarkets high barriers to entry and proximity to lifestyle amenities support durable occupancyand rent growth.The asset presents a clear value-add strategy, with the ability to renovate interiors, enhance common areas, and implement operationalefficiencies to drive rent premiums in line with renovated Lakewood comparables. Large unit sizes and infill location provide a competitiveadvantage 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 Dallassmost stable submarkets, with meaningful upside through renovation and repositioning while benefiting from strong underlying marketfundamentals.
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.
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.