Dallas, TX 75214 5921 Gaston Avenue

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21222149
  • 03/29/2026
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Presented By: Dallas Property Advisors, LLC
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 12
  • Baths • 12
  • Year Built • 1957

Home Details

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.
Presented By: Dallas Property Advisors, LLC

Interior Features for 5921 Gaston Avenue

Bathrooms

Total Baths

Other Interior Features

FlooringCarpet, Luxury Vinyl Plank, Tile
Interior FeaturesGranite Counters, Walk-In Closet(s)
Lock Box TypeNone
Occupancy Rate100
Total Units12
Unit Count

General for 5921 Gaston Avenue

# of Buildings1
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
Capitalization Rate6.79
CityDallas
Complex Name5921 Gaston AVe
Construction MaterialsBrick
CoolingCentral Air
CountyDallas
DirectionsHead east on Gaston from Munger. Property is on your left.
Elementary SchoolLipscomb
Elementary School NameLipscomb
Gross Annual Expenses98929.00
HOA TypeNone
HeatingCentral
High SchoolWoodrow Wilson
Insurance Expense14823
LevelsTwo
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeApartment
Property TypeResidential Income
RoofComposition
School DistrictDallas ISD
Standard StatusActive
StatusActive
Subdivision NameMccarville & Bonds
TenancyOver 9 Months
Unexempt Taxes30617
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1957
Year Built DetailsPreowned

Exterior for 5921 Gaston Avenue

Building Area Total8880.00
Foundation Pillar/Post/Pier
Lot Size Acres0.3360
Lot Size Area0.3360
Lot Size Square Feet14636.1600
Lot Size UnitsAcres
Number Of Parking Spaces14
Parking FeaturesAttached Carport, Covered
WaterfrontNo

Additional Details

Price History

Schools

Elementary School Lipscomb Elementary School
Middle School N/A
High School N/A

Suzanne Smith

Broker/Owner
Price $1,550,000
MLS#21222149
List Date 03/29/2026
Property Type Multi-Family
Phone 903.235.4216
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