1 / 1512-Unit Multifamily in Dallas, TX
Dallas County, TX · listed Feb 10, 2026 (260 days)
- $/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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