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Remodeled Multifamily Apartment Building
For Sale
Contact for pricing
Pending

5404-5408 Reiger, Dallas, TX 75214

Fully remodeled three-story building with a 1-, 2-, and 3-bedroom unit mix and gated, controlled access.

Days on Market113

Property Features for 5404-5408 Reiger

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Fenced Yard Yes
Multifamily Units 20

Amenities

outdoor patios
communal courtyard
picnic tables
succulent landscaping
gated
controlled access

Building Details

Stories 3
Listing Agency: Dallas Property Advisors
Listed By: Matteo Faeth · License #TX 619346
Source: Crexi
Added: Apr 10 Changed: Jul 21 Last Checked: Jul 30 at 2:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dallas Property Advisors

Investment Insights

Based on property information with market context.

Lakewood Gardens is a fully remodeled three-story multifamily property originally built in the 1980s. The community offers a flexible mix of 1-, 2-, and 3-bedroom floor plans across 20 units. Renovations include brand-new kitchens with white quartz countertops, under-mount sinks, new cabinetry, and premium stainless steel appliances, along with newly updated bathrooms featuring walk-in showers with glass enclosures, new vanities, mirrors, toilets, and designer tile. Building systems have also been refreshed with new electric, plumbing, and HVAC compressors.

All ground floor units include outdoor patios, and the outdoor communal courtyard is hardscaped with picnic tables and succulent landscaping. The property is fully gated with controlled access.

Conveniently located minutes from Lakewood and the Lakewood area destinations including Lower Greenville, Knox/Henderson, Downtown, and Uptown.

Key Highlights

  • Fully remodeled three‑story 1980s building with a unit mix of 1-, 2-, and 3‑bedroom floor plans
  • 20 remodeled units averaging over 700 SF, featuring brand‑new kitchens with white quartz countertops and premium stainless steel appliances
  • New bathrooms with walk‑in showers, glass enclosures, new vanities, mirrors, toilets, and designer tile

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Pharmacy (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

819
Businesses Nearby

Demographics for 75214, TX

35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully remodeled three-story building with a 1-, 2-, and 3-bedroom unit mix and gated, controlled access.
Where is this apartment building located?
The property is located at 5404-5408 Reiger Dallas, TX.
What are key features of this property?
This property features: Fully remodeled three‑story 1980s building with a unit mix of 1-, 2-, and 3‑bedroom floor plans; 20 remodeled units averaging over 700 SF, featuring brand‑new kitchens with white quartz countertops and premium stainless steel appliances; New bathrooms with walk‑in showers, glass enclosures, new vanities, mirrors, toilets, and designer tile
(469) 554-0430 Call to check price and availability
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