5921 Gaston Ave #E9bb4d902, Dallas, TX, 75214
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1957
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Disposal,Refrigerator
Features
- Granite Counters,Walk-In Closet(s)
- Flooring: Carpet,Luxury Vinyl Plank,Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 8,880
- Total interior livable area: 8,880 sqft
Property
Details
- Parcel number: 00000183022000000
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 0.34 Acres
Parking
- Total spaces: 14
- Parking features: Attached Carport,Covered
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Heat Wave
- Cold Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,837 | $94,044 |
| Home Insurance * | $672 | $8,064 |
| Property Taxes | $1,872 | $22,464 |
| Electricity | $975 | $11,700 |
| Total | $11,356 | $136,272 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-28 | Listed for sale | $1,550,000 |
| 2025-06-23 | Listing removed | $1,150 |
| 2025-06-15 | Price change | $1,150 |
| 2025-05-23 | Price change | $1,200 |
| 2025-03-28 | Price change | $1,700 |
| 2025-03-08 | Price change | $1,750 |
| 2025-02-14 | Price change | $1,870 |
| 2024-12-19 | Listed for rent | $1,300 |
| 2024-03-29 | Listing removed | -- |
| 2024-03-15 | Price change | $1,150 |
| 2024-01-05 | Price change | $1,385 |
| 2023-12-21 | Listed for rent | $1,450 |
For Sale by Agent
View on Zillow