Triplex Residential Income
For Sale
$345,500
5118 Ash Lane, Dallas, TX 75223
MULTI_FAMILY - Dallas, TX
Lot Size0.17 Acres
Days on Market32
Property Features for 5118 Ash Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1
Parking
3
Parking features
Carport, Garage, Open, On Street
Interior features
BuiltInFeatures
Appliances
Dishwasher, ElectricCooktop, Disposal
Subdivision
Caldwells R D
Elementary school
Roberts
Middle school
Dade
High school
Madison
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
Use GPS
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
Legal Description
EAST SIDE BLK 11/1248 LT 22
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
Tile, Carpet
Building materials
FiberCement, WoodSiding
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Brian Sindell · License #0789875
(888) 519-7431
Added: Jun 29
Changed: Jul 30
Last Checked: Jul 30 at 1:06PM
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.
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
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
