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Triplex Residential Income Property

5118 Ash Lane Dallas, TX 75223

5118 Ash Lane, Dallas, TX, 75223
$345,500
For Sale
$345,500

MULTI_FAMILY - Dallas, TX

Lot Size0.17 Acres
Days on Market23

Property Features for 5118 Ash Lane

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4
Parking
3
Parking features
Garage, Open, Carport, On Street
Interior features
BuiltInFeatures
Appliances
Dishwasher, ElectricCooktop, Disposal
Standard status
Active
APN
00000145885000000
Lot size
0.17 Acres

Taxes and HOA fees

Tax Description
EAST SIDE BLK 11/1248 LT 22
Tax Annual Amount
7755

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public

Building Details

Year built
1923
Floors in Building
2
Number of units
3
Flooring type
Carpet, Tile
Building materials
FiberCement, WoodSiding
Roof type
Composition
Listing agency eXp Realty, LLC
Listed by Brian Sindell · License #0789875
Added: Jun 29 Updated: Jul 17 at 1:44PM Checked: Jul 21 at 8:06AM
MLS# 21217019

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This triplex residential income property is being offered for sale and presents an investor-focused disposition. The seller will not complete repairs, so buyers should plan for renovation work to bring the units to their intended condition. Alternative disposition may include renovating and reselling, depending on the buyer’s strategy.

The property is located at 5118 Ash Lane in Dallas, Texas 75223, in an area described by the seller as seeing ongoing new construction. The total lot size is approximately 0.166 acres.

For investors and operators seeking a manageable, residential multi-family asset, the key consideration here is the property’s need for repair and renovation, per the seller’s terms. If you are underwriting a purchase based on future improvements, this triplex may fit a range of approaches, including holding for rental income or repositioning through renovation and resale. Cash, private money, or non-owner occupied conventional loans are the stated available financing options, and interested buyers should move quickly due to the seller’s request for timely offers.

Key Highlights

  • Triplex built in 1923 with multiple bedrooms and three bathrooms
  • Public utilities: public water and public sewer
  • Central heating and central air with ceiling fans

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Computer & Electronic Repair Electrical Service Pharmacy Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex in Dallas offered for sale, with seller not completing repairs and renovation needed to realize rental potential.
Where is this triplex located?
The property is located at 5118 Ash Lane Dallas, TX.
What is the asking price?
The asking price for this property is $345,500.
What are key features of this property?
This property features: Triplex built in 1923 with multiple bedrooms and three bathrooms; Public utilities: public water and public sewer; Central heating and central air with ceiling fans
Contact an agent
More about this property
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