5722 Gaston Avenue, Dallas, TX 75214

Dallas
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
5722 Gaston Avenue,Dallas, TX 75214
$1,450,000
Virtual Tour
  • - Beds
  • - Baths
  • 8,785 sq. ft.
  • Multi-family
  • Active
Listed by: esther cho
Office: gsfrea llc.
MLS#:21324260
Source:GDAR

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$165.05

About this home

Lakewood offers the opportunity to acquire a 12-unit apartment community that has been thoughtfully maintained by the same private owner for nearly a decade. Throughout the ownership period, the property has undergone a series of meaningful capital improvements designed to enhance both its physical condition and operational efficiency. Ownership has invested more than $226k into the asset, including the conversion of all units to central HVAC, individual utility metering, plumbing upgrades, a new central water heater, interior renovations, landscape improvements, and a new perimeter security gate. Additionally, the roof was replaced in 2020, further reducing future capital requirements for a new owner. Collectively, these improvements have addressed many of the major building systems that investors typically evaluate when acquiring a vintage apartment community. The community offers a mix of 1 and 2 bedroom units, with effective rents averaging $1,072. Please see OM in Transaction...

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Home facts

  • Year built:1958
  • Subdivision & Development:Munger Place Add Sec 02
  • Listing ID #:21324260
  • Added:46 day(s) ago
  • Updated:August 23, 2026 at 11:49 AM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
  • Living area:8,785 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:1958
  • Building area:8,785 sq. ft.
  • Lot area:0.32 Acres
  • Construction Materials:Brick
  • Foundation Description:Pillar Post Pier
  • Levels:2 Story

Schools

  • High school:Woodrow Wilson
  • Middle school:Long
  • Elementary school:Lipscomb

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$165.05
  • Tax amount:$29,393

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator

Parking

  • Total parking spaces:11
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 23, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Rhodes Realty.

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