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33289626
33289629

4810 Gaston Ave, Dallas, TX 75246

MF
TX 619346
Dallas Property Advisors
Dallas Property Advisors
Listed by Dallas Property Advisors
$1,250,000
4 days on market
Updated 4 days ago

4810 Gaston Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,448
Net Rentable (SqFt) 8,448
Units 12
Cap Rate 3.27%
NOI $40,816
Occupancy 58%
Tenancy Multi
Pro-Forma Cap Rate 6.58%
Pro-Forma NOI $82,259
Price per SqFt $148
Class C
Year Built 1959
Buildings 1
Stories 2
Acreage 0.340
Zoning PD 362
Parking Spaces 15 spaces
Parking Per SqFt 1.78
Investment Type Value Add

Multifamily | 12 Units | $104,167/unit

Marketing description

4810 Gaston is a 12-unit multifamily investment opportunity located in the heart of Old East Dallas, one of the city's most rapidly evolving urban neighborhoods. The property presents investors with a compelling value-add opportunity through interior renovations, operational improvements, and future rental upside. Positioned just minutes from Downtown Dallas, Uptown, Deep Ellum, and Lower Greenville, the asset benefits from strong tenant demand driven by its central location and walkable urban amenities. Surrounded by ongoing redevelopment and significant multifamily growth, 4810 Gaston offers long-term appreciation potential in a highly desirable submarket. With immediate access to major employment hubs, entertainment districts, and transportation corridors, the property is well-positioned for both near-term cash flow growth and future value creation.

Investment highlights

  • Prime East Dallas Location - Situated in one of Dallas' most desirable urban neighborhoods with close proximity to Downtown Dallas, Deep Ellum, Lower Greenville, and Uptown.
  • Value Add Opportunity - Significant upside potential through unit renovations, operational improvements, and strategic rent growth in a rapidly appreciating submarket.
  • Attractive and Versatile Unit Mix - Comprised of 12 units, including 8 one-bedroom and Four two-bedroom floorplans, appealing to a broad tenant base
  • Strong Rental Demand - The property benefits from consistent tenant demand driven by nearby employment centers, entertainment districts, and walkable li
  • Urban Infill Asset - Located within a high-barrier-to-entry corridor experiencing ongoing redevelopment, multifamily investment activity, and increasing property values.
  • Strong In-place Rents with upside - Current rents provide immediate cash flow with additional upside through mark-to-market opportunities on select units
  • Convenient Accessibility - Immediate access to major transportation corridors including I-30, US-75, and Downtown Dallas employment hubs enhances long-term tenant appeal and investment stability.

Listing Contacts

MF
TX 619346
Dallas Property Advisors
Dallas Property Advisors
Listed by Dallas Property Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,816.15
$3,401.35/mo

Valuation Metrics

0
DSCR
3.27%
Cap Rate
3.27%
ROI

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