5921 Gaston Avenue Dallas, TX $ 1,550,000
5921 Gaston Avenue
$ 1,550,000
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5921 Gaston Avenue

Dallas, TX, 75214
$ 1,550,000
Bedrooms12 Baths12.0

Monthly Estimate*

$ 9,544

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Multi-Family Home for sale in Dallas, TX

for $1,550,000 with 12 bedrooms and 12 full baths. This home was built in 1957 on a lot size of 0.336.

5921 Gaston Avenue is a value-add multifamily investment opportunity located in the highly desirable Lakewood submarket of East Dallas, Texas. The property consists of 12 large residential units, offering an attractive unit mix that appeals to renters seeking spacious layouts in an established, high-demand neighborhood. Situated along Gaston Avenue, the property benefits from strong visibility and convenient access to Downtown Dallas, Uptown, Lower Greenville, and White Rock Lake, while remaining embedded within a predominantly residential area known for long-term demand and limited new supply. The Lakewood submarket’s high barriers to entry and proximity to lifestyle amenities support durable occupancy and rent growth. The asset presents a clear value-add strategy, with the ability to renovate interiors, enhance common areas, and implement operational efficiencies to drive rent premiums in line with renovated Lakewood comparables. Large unit sizes and infill location provide a competitive advantage relative to newer, smaller-format developments. Overall, 5921 Gaston Avenue offers investors the opportunity to acquire a well-located, infill multifamily asset in one of East Dallas’s most stable submarkets, with meaningful upside through renovation and repositioning while benefiting from strong underlying market fundamentals.

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Multi-Family Active

Price

$ 1,550,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 30,617

Style

Apartment

Lot Size

0.336

Year Built

1957

Town/City

Dallas

County/Region

Dallas

MLS | Web ID

21222149

Features
Interior
Interior Features Granite Counters Walk-In Closet(s)
Flooring Carpet Luxury Vinyl Plank Tile
Occupancy Rate 100
Total Units 12
Total Baths 0
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General
Heating Central
Complex Name 5921 Gaston AVe
Cooling Central Air
Utilities City Sewer City Water
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Disposal Electric Range Refrigerator
School District Dallas ISD
Pool Y/N 0
Year Built 1957
Levels Two
Property Subtype Apartment
Subdivision Name Mccarville & Bonds
County Dallas
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions Head east on Gaston from Munger. Property is on your left.
City Dallas
Elementary School Name Lipscomb
High School Woodrow Wilson
Elementary School Lipscomb
Standard Status Active
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Exterior
Waterfront 0
Parking Features Attached Carport Covered
Foundation Pillar/Post/Pier
Building Area Total 8880.00
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Internal Only
Street Number 1 5921
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* Excluded Features
List By
Matteo Faeth

Listing Agent

Dallas Property Advisors, Llc

Broker

Affordability Calculator

$12,095
Per Month
79%
21%
0%
Monthly Principal & Interest
$9,544
Monthly Property Taxes
$2,551
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
286233 Elementary School
286523 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/29/2026$1,550,000 Listed Price

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5921 Gaston Avenue, Dallas, TX, 75214 is a Multi-Family Home for sale at $1,550,000 with a lot size of 0.336. 5921 Gaston Avenue has 12 bedrooms, 12.0 baths, and was built in 1957. The property's zip code is 75214 which is in Dallas, TX