5315 Colonial Avenue Dallas, TX $ 326,000
5315 Colonial Avenue
$ 326,000
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5315 Colonial Avenue

Dallas, TX, 75215
$ 326,000
Bedrooms6 Baths2.0 Sq 1,680

Monthly Estimate*

$ 2,252

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Multi-Family Home for sale in Dallas, TX

for $326,000 with 6 bedrooms and 2 full baths. This 1,680 square foot home was built in 2020 on a lot size of 0.161.

Excellent Turnkey Investment Opportunity in South Dallas Fully renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors seeking rental potential and long-term appreciation in South Dallas. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address, offering the potential for multiple income streams and efficient property management. Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed, giving the next owner the opportunity to introduce tenants to freshly updated living spaces without assuming existing lease obligations. Conveniently located in the South Dallas-Fair Park corridor, the property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Continued public and private investment throughout the area adds to the property's appeal for investors looking toward future growth and appreciation. Whether expanding an existing rental portfolio, completing a 1031 exchange, or acquiring a recently renovated multifamily property, this duplex offers an attractive combination of substantial improvements, flexible investment potential, and a convenient Dallas location. Schedule your showing today and explore the possibilities this turnkey investment property has to offer!

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Multi-Family Active

Price

$ 326,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 9,066

Style

Duplex

Lot Size

0.161

Year Built

2020

Town/City

Dallas

County/Region

Dallas

MLS | Web ID

21429116

Features
Interior
Interior Features High Speed Internet Available
Flooring Tile
Basement Y/N 0
Total Units 2
Half Baths 0
Total Bedrooms 6
Total Baths 2
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General
Heating Electric
Complex Name -
Cooling Electric
Utilities City Sewer City Water Electricity Available
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Electric Range Electric Water Heater Microwave
Number of Garage Spaces 0
School District Dallas ISD
Pool Y/N 0
Year Built 2020
Levels One
Property Subtype Duplex
Subdivision Name Ervay Place
County Dallas
Property Type Residential Income
Construction Materials Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Full Baths 2
Status Active
Directions From I-45 South From I-45 South take Martin Luther King Jr. exit. . Turn right onto SM Wright Freeway 310. Turn right onto Haven Street then turn right onto Colonial Avenue. Continue to 5315 Colonia
City Dallas
Elementary School Name Dunbar
High School Madison
Elementary School Dunbar
Standard Status Active
Listing Terms Cash Conventional FHA VA Loan
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Exterior
Waterfront 0
Parking Features Driveway
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Building Area Total 1680.00
Garage Y/N 0
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Internal Only
Street Number 1 5315
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* Excluded Features
List By
Vanessa Brandt

Listing Agent

Redfin Corporation

Broker

Affordability Calculator

$3,007
Per Month
75%
25%
0%
Monthly Principal & Interest
$2,252
Monthly Property Taxes
$756
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
287971 Elementary School
286523 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/8/2026$326,000 Listed Price

Map


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5315 Colonial Avenue, Dallas, TX, 75215 is a Multi-Family Home for sale at $326,000 with 1,680 sqft and a lot size of 0.161. 5315 Colonial Avenue has 6 bedrooms, 2.0 baths, and was built in 2020. The property's zip code is 75215 which is in Dallas, TX