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29092263
29092264

5520 Gaston Ave, Dallas, TX 75214

Sperry
Listed by Sperry
$3,500,000
152 days on market
Updated 80 days ago

Royal Palms

Details
APN 00-00018-182-800-0100
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,000
Units 23
Cap Rate 4.66%
NOI $163,000
Occupancy 95%
Pro-Forma Cap Rate 5.29%
Pro-Forma NOI $185,000
Price per SqFt $233
Class B
Year Built 1959
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 24,163
Zoning MF
Ownership Fee Simple

23 Units Completely Remodeled East of Downtown Dallas

Marketing description

5520 Gaston Ave is a fully modernized, 23‑unit multifamily community situated in one of Dallas’ most dynamic and infill submarkets. This meticulously updated asset offers a turnkey investment with significant curb appeal, contemporary unit interiors, and thoughtful outdoor amenity enhancements tailored to today’s renter preferences.

Located on Gaston Ave, the property benefits from excellent accessibility to local employment centers, retail and dining destinations, and major transportation corridors, making it a highly desirable address for a broad spectrum of renters.

5520 Gaston Ave presents investors with an exceptional opportunity to acquire a stabilized, move‑in ready asset with attractive value‑add appeal and long‑term income potential in the thriving Dallas multifamily market.

Investment highlights

The property was thoroughly renovated in 2018 and delivers a fresh, elevated living experience while maximizing long‑term operational performance. Each unit features high‑quality upgrades including new sheetrock throughout, brand‑new appliances, modern countertops, premium flooring, and fully renovated bathrooms, creating an attractive design aesthetic and reinforcing resident satisfaction and retention. Outdoor living has been thoughtfully reimagined with a beautifully upgraded courtyard offering artificial turf, ambient outdoor lighting, and inviting firepit seating, providing residents with a compelling communal space that enhances lifestyle value and differentiates the property in the competitive Dallas rental market.

Listing Contacts

Sperry
Listed by Sperry

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$163,000.00
$13,583.33/mo

Valuation Metrics

0
DSCR
4.66%
Cap Rate
4.66%
ROI

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Additional Information

Name
Heather Konopka, CCIM, CRE
License
0453672
Brokerage
SPERRY | The HKC Group
Brokerage Phone
8172136343
Title
Broker
Brokerage Address
5751 Kroger Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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