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32735019
32735020

5309 Eastside Ave, Dallas, TX 75214

DP
AZ AZ BR 544648000
My Home Group
Listed by My Home Group
$1,100,000
25 days on market
Updated 25 days ago

5309 Eastside Ave

Details
Property Type Multifamily
Square Footage 4,148
Units 5
Cap Rate 6.00%
NOI $66,539
Occupancy 100%
Tenancy Multi
Year Built 1927
Stories 2
Lot Size (SqFt) 7,000
Zoning Duplex or Single Family
Investment Type Stabilized

Multifamily | 6.00% CAP | 5 Units

Marketing description

5309 Eastside Ave presents a rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Junius Heights, one of Dallas' most historic and character-rich neighborhoods. Combining strong in-place income with long-term redevelopment flexibility, this property offers both immediate cash flow and future upside.

Strategically located just 1.7 miles from Baylor University Medical Center and 1.5 miles from Deep Ellum, the asset benefits from proximity to major employment, entertainment, and cultural hubs - driving consistent tenant demand.

This two-story multifamily property offers a functional unit layout with broad tenant appeal. The property has been maintained in good condition with no known structural or livability concerns, allowing for a relatively low-maintenance investment profile.

Positioned in one of Dallas' most desirable historic neighborhoods, the property offers a unique blend of charm, accessibility, and urban convenience.

Investment highlights

  • Prime Infill Location near Downtown Dallas
  • Historic Neighborhood Appeal (Junius Heights)
  • Proximity to Major Demand Drivers (Baylor + Deep Ellum)
  • Strong In-Place Cash Flow
  • Upside Through Rent Growth & Expense Restructuring
  • Flexible Zoning for Future Use
  • Stable Market with Low Vacancy Trends

Listing Contacts

DP
AZ AZ BR 544648000
My Home Group
Listed by My Home Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,538.95
$5,544.91/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

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