TX
Dallas
Dallas
75214
5921 Gaston Avenue
5921 Gaston Avenue, Dallas, TX 75214
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Listing Type
Condo/Townhome
Listing Status
Active
15
$1,550,000

Home Details for 5921 Gaston Avenue

Price
$1,550,000
Type
Residential Income
Year built
1957
Lot size acres
0.336
County
Dallas
MLS Listing#
21222149
Property Description

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.

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Property Features
  • House Interior
    • Granite Counters
    • Walk-In Closet(s)
  • Parking
    • Attached Carport
    • Covered
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
School Information
School Information for 5921 Gaston Avenue, Dallas, TX 75214
Elementary School
Lipscomb
Middle School
Long
High School
Woodrow Wilson
Listing Courtesy: Dallas Property Advisors, LLC - 469-554-0430
Presented by: Matteo Faeth
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-03-29 03:00:27
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Market statistics compiled from data from Dallas MLS - N.T.R.E.I.S..
EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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