5315 Colonial Avenue
Dallas, TX, 75215 $ 326,000
Bedrooms6 Baths2.0 Sq 1,680 Monthly Estimate*
$ 2,252
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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FeaturesInteriorInterior 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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GeneralHeating 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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ExteriorWaterfront 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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* Excluded FeaturesList ByVanessa BrandtListing Agent
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Dallas, TX
Average List Price $1,044,038
Percent of Sale Price 220%
About Dallas, TX 1,325,420 Population
11% Since 2002
$ 49,155 Median Income
34.63 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
287971 Elementary School
286523 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/8/2026 | $326,000 | | Listed Price |