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Open house

5921 Gaston Avenue

$1,550,000

Built 1957 · Residential Income · 0.336 acres

About this home

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.

Details

Property type
Residential Income
Year built
1957
Lot size
0.336 acres
Taxes / yr
$30,617
Style
Apartment
Heating
Central
Cooling
Central Air
Exterior
Brick
Water
Public
Sewer
Public Sewer
ZIP
75214

Property history

  1. TerminatedJun 13, 2026

    $1,100

    Fowler Real Estate Group, LLC

  2. LeasedJun 12, 2026

    $1,150

    Fowler Real Estate Group, LLC

  3. LeasedMar 10, 2026

    $1,025

    Fowler Real Estate Group, LLC

  4. LeasedJan 8, 2026

    $1,150

    Fowler Real Estate Group, LLC

  5. LeasedDec 12, 2025

    $1,100

    Fowler Real Estate Group, LLC

  6. LeasedAug 26, 2025

    $1,095

    Fowler Real Estate Group, LLC

  7. LeasedAug 11, 2025

    $1,095

    Fowler Real Estate Group, LLC

  8. LeasedJun 25, 2025

    $1,150

    Fowler Real Estate Group, LLC

  9. LeasedJun 23, 2025

    $1,150

    Fowler Real Estate Group, LLC

  10. LeasedFeb 21, 2025

    $1,870

    Fowler Real Estate Group, LLC