TX
Dallas
Dallas
75203
506 N Lancaster Avenue 4
506 N Lancaster Avenue 4, Dallas, TX 75203
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Listing Type
Multi Family
Listing Status
Active
40
$880,000

Home Details for 506 N Lancaster Avenue 4

Price
$880,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Square feet
6943
Year built
1945
Lot size acres
0.1594
County
Dallas
MLS Listing#
21229843
Property Description

Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas. The property updated in 2023 features (2) 2-bedroom 1-bath units and (2) 1-bedroom 1-bath units, providing flexible living and rental options in a highly desirable Dallas location. Residents enjoy close proximity to some of the city’s best dining, entertainment, and cultural attractions, along with easy access to major employment centers in Downtown Dallas. Nearby parks and green spaces, including Lake Cliff Park, offer additional recreation and outdoor appeal.The area continues to experience strong growth and redevelopment, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a rapidly appreciating corridor of Oak Cliff. Short term rental and Airbnb eligible with projected $12.8k a month income and 12% cap rate at asking. Survey available on transaction desk.

Property Features
  • House Interior
    • Kitchen Island
    • Open Floorplan
    • Pantry
    • Walk-In Closet(s)
  • Heating Information
    • Central
    • Electric
    • Natural Gas
  • Cooling Information
    • Central Air
    • Electric
  • Parking
    • Additional Parking
    • Concrete
  • Utilities
    • Cable Available
School Information
School Information for 506 N Lancaster Avenue 4, Dallas, TX 75203
Elementary School
Bowie
Middle School
Garcia
High School
Adamson
Listing Courtesy: Kimberly Adams Realty - 817-513-4708
Presented by: Tiffany Turincio
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: 2026-04-27 06:00:23
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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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