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Multifamily Redevelopment Land Portfolio
For Sale
$2,990,000

4523-4601 Reiger Avenue, Dallas, TX 75246

Portfolio includes two apartment properties totaling 30 units plus one adjacent vacant lot in East Dallas.

Property Size50,218 SF
Price / SF$59.54
Days on Market82

Property Features for 4523-4601 Reiger Avenue

General Information

Standard status Active
Size 50,218 SF
Property subtype Lots & Acreage / Improved Land
Zoning PD-98

Additional Details

Multifamily Units 30

Amenities

Electric, Wall/Window Unit(s)
No

Building Details

Year Built 1960
Listing Agency: Perry Guest Company
Listed By: Harris Arnhart · License #0636257
Source: Compass
Added: May 19 Changed: Aug 8 Last Checked: May 26 at 8:24AM

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 Perry Guest Company

Investment Insights

Based on property information with market context.

This for-sale portfolio offers 50,218 square feet of land in East Dallas, zoned PD-98 with no historic designation. The assemblage consists of three adjacent sites: two apartment properties totaling 30 units and one vacant lot.

The offering is presented for either complete redevelopment of all three sites or for buyers who prefer to keep the existing apartments and develop the neighboring vacant lot next door.

The combined configuration supports flexible planning across the portfolio, pairing in-place multifamily units with an adjacent redevelopment parcel.

Key Highlights

  • 50,218 SF land portfolio in East Dallas zoned PD‑98 (no historic designation reported)
  • Portfolio includes 3 adjacent sites: two apartment properties totaling 30 units plus one adjacent vacant lot
  • Year built: 1960

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Home Appliance Store Computer & Electronic Repair Electrical Service Pet Grooming Service Pet Store (Bike/Boat/Book/etc) Store

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

30
Residential units

Location Intelligence

Trade Area within ½ mile

3,318
Businesses Nearby

Demographics for 75246, TX

2,458
Population
1,545
Households
1.6
Avg Household Size
38
Median Age
23%
College-Educated
79%
High-School Grad
0.5 sq mi
ZIP Area
4,916
Density / Sq Mi
$49,665
Median Household Income
$38,088
Median Earnings
$1,045
Median Rent
$449,600
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 - Portfolio includes two apartment properties totaling 30 units plus one adjacent vacant lot in East Dallas.
Where is this apartment building located?
The property is located at 4523-4601 Reiger Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 50,218 SF land portfolio in East Dallas zoned PD‑98 (no historic designation reported); Portfolio includes 3 adjacent sites: two apartment properties totaling 30 units plus one adjacent vacant lot; Year built: 1960
More about this property
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