Lakewood Multifamily Investment
5921 Gaston Ave, Dallas, TX 75214
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Value-add multifamily property in desirable Lakewood, East Dallas.
Type:Multifamily
Property size:
8,880 SFPrice / SF:
$174/SF- Added:
- Feb 10, 2026
- Days on Market:
- 90
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 5921 Gaston Ave
General Information
- Standard status
- Active
- Size
- 8,880 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing agent Matteo Faeth License #TX 619346
Listing office Dallas Property Advisors (469) 554-0430
Listing date Feb 10, 2026
Source Crexi
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
HighLights
- Value‑add opportunity through interior renovations and operational efficiencies to increase rental income.
- Prime location in the highly desirable Lakewood submarket of East Dallas.
- Large residential units appealing to renters seeking spacious layouts.
- Strong visibility and convenient access to Downtown Dallas, Uptown, Lower Greenville, and White Rock Lake.
- Located in an established residential area with long‑term demand and limited new supply.
- High barriers to entry in the Lakewood submarket support durable occupancy and rent growth.
Overview
Located in the Lakewood submarket of East Dallas, Texas, 5921 Gaston Avenue presents a multifamily investment opportunity. This property features 12 residential units with layouts designed to attract renters seeking spacious living in a well-established, high-demand neighborhood. The property's location on Gaston Avenue provides visibility and convenient access to Downtown Dallas, Uptown, Lower Greenville, and White Rock Lake, while maintaining a presence within a residential area known for consistent demand and limited new construction. The Lakewood submarket's barriers to entry and proximity to amenities support occupancy and rent growth. The property offers a value-add strategy, with opportunities to renovate interiors, enhance common areas, and implement operational efficiencies to increase rents in line with renovated Lakewood properties. The large unit sizes and infill location provide a competitive advantage relative to newer developments. The property size is 8880 square feet. This property offers investors the chance to acquire a well-located multifamily asset in one of East Dallas’s stable submarkets, with upside through renovation and repositioning while benefiting from market fundamentals.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.7578584
- Latitude
- 32.8103068
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property in desirable Lakewood, East Dallas.
Where is this apartment building located?
The property is located at 5921 Gaston Ave Dallas, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Value‑add opportunity through interior renovations and operational efficiencies to increase rental income.; Prime location in the highly desirable Lakewood submarket of East Dallas.; Large residential units appealing to renters seeking spacious layouts.
