MULTIFAMILYRADAR
12-Unit Multifamily in Dallas, TX, photo 11 / 15
Value-add
$1,495,000

12-Unit Multifamily in Dallas, TX

Dallas County, TX · listed Feb 10, 2026 (260 days)

Price per unit compared
This property$125K
Within ~40 mi (137)$142K
Texas median (1,029)$100K
$/unit
$124,583
▲ 25% vs TX · 63rd pct
Cap rate
5.8%
▼ 1.5 pts vs TX median
NOI
$87K
$7,275/unit/yr
Units
12
1957

Financials

Asking price
$1,495,000
Price per unit
$124,583
Price per sq ft
$168
Gross rent / year
Not stated
Net operating income
$87,303
NOI per unit
$7,275
Cap rate
5.8%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
Not stated
Buildings
Not stated
Year built
1957
Building size
8,880 sq ft
Avg unit size
740 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Feb 10, 2026
Days on market
260 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1303

About this property

(address on request)nue 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, Low-er 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, (address on request)nue 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.

Value Add Multifamily Located in Lakewood, Dallas, TX - Now Available for Sale!!

Highlights

Rare Infill Lakewood Multifamily Asset

Clear, Executable value add strategy

Multiple Drivers of NOI Growth

Attractive Basis below replacement cost

Location

Approximate area. The exact address is shared on request.

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