Income-Generating Quadplex
5309 Reiger Avenue Dallas, TX 75214
5309 Reiger Avenue, Dallas, TX, 75214
$725,000
For Sale
$725,000
MULTI_FAMILY - Dallas, TX
Lot Size0.23 Acres
Days on Market94
Property Features for 5309 Reiger Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 1
- Parking
- 4
- Interior features
- HighSpeedInternet, CableTv
- Standard status
- Active
- APN
- 00000156682000000
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- APPEL & HARPER'S BLK 1493 PT LTS 2 & 3 63.1X1
- Tax Annual Amount
- 14859
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing Agency
BK Real Estate
(972) 677-9172
North Richland Hills, TX
Listed by
Harrison Sharp · License #0735232
(806) 281-8511
Added: Apr 14 Checked: Jul 16 at 8:06 pm
MLS# 21238193
Listing URL
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Investment Insights
Based on property information with market context.
Rare quadruplex in a quickly developing East Dallas area, within walking distance to Swiss Avenue. The property contains three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, supporting diversified rent roll performance.
The current owner has completed several key improvements, including all PVC waste lines, replacement of three of the four HVAC units within the last five years, and a roof replacement in 2012. Tenant-paid utilities are handled separately, with tenants paying their own electric and top-unit tenants paying water, while bottom-unit water is paid by the owner with no charge-back.
For investors or owner-operators, this setup offers an income-focused foundation along with a value-add angle, particularly given the stated rent levels being under market for the area. With redevelopment activity and teardowns occurring nearby, the property’s fundamentals and upgrade history may appeal to buyers looking to hold, reposition, or enhance long-term value.
The current owner has completed several key improvements, including all PVC waste lines, replacement of three of the four HVAC units within the last five years, and a roof replacement in 2012. Tenant-paid utilities are handled separately, with tenants paying their own electric and top-unit tenants paying water, while bottom-unit water is paid by the owner with no charge-back.
For investors or owner-operators, this setup offers an income-focused foundation along with a value-add angle, particularly given the stated rent levels being under market for the area. With redevelopment activity and teardowns occurring nearby, the property’s fundamentals and upgrade history may appeal to buyers looking to hold, reposition, or enhance long-term value.
Key Highlights
- Quadruplex with 3 one‑bedroom, one‑bath units and 1 two‑bedroom, one‑bath unit
- Current unit rents: 1BR units at $1,085, $1,135, and $1,000; 2BR unit at $1,375
- Updates include all PVC waste lines installed by the current owner
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pink Kitty Studios
Photography Service
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with three 1-bedroom units and one 2-bedroom unit, featuring multiple recent systems updates.
Where is this quadplex located?
The property is located at 5309 Reiger Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Quadruplex with 3 one‑bedroom, one‑bath units and 1 two‑bedroom, one‑bath unit; Current unit rents: 1BR units at $1,085, $1,135, and $1,000; 2BR unit at $1,375; Updates include all PVC waste lines installed by the current owner
