BEDS6
BATHS4 full
SQUARE FEET6,943
MLS#21229843
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOak Cliff Original
SCHOOLDallas ISD
Property Description
Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas.The property updated in 2023 features (2) 2-bedroom 1-bath units and (2) 1-bedroom 1-bath units, providing flexible living and rental options in a highly desirable Dallas location. Residents enjoy close proximity to some of the city’s best dining, entertainment, and cultural attractions, along with easy access to major employment centers in Downtown Dallas. Nearby parks and green spaces, including Lake Cliff Park, offer additional recreation and outdoor appeal.The area continues to experience strong growth and redevelopment, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a rapidly appreciating corridor of Oak Cliff. Short term rental and Airbnb eligible with projected $12.8k a month income and 12% cap rate at asking. Survey available on transaction desk.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Heating: Central, Electric, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Shingle
Year Built: 1945
Amenities
Cable TV Available
Kitchen Island
Multiple Staircases
Open Floorplan
Pantry
Walk-In Closet(s)
Balcony
Covered Patio/Porch
Private Entrance
Feature Descriptions
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Exterior: Siding
Fencing: Front Yard, Wood
Flooring: Luxury Vinyl Plank
Parcel#: 00000250228000000
Parking: Additional Parking, Concrete
Parking Notes: Additional Parking, Concrete
Patio/Porch: Covered
Security: Smoke Detector(s)
Units: 4
Utilities: City Sewer
Local Schools
Elementary School: Bowie
School District: Dallas ISD
Listed By / Shown By
Listed By
Agency Name: Kimberly Adams Realty
Agency Contact: 817-513-4708
Agent Name: Tiffany Turincio
Shown By
Agent Name: Sarah Martin
Agent Phone: (254) 242-6909
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 2,215.17 per month $1,958.50 Principal & Interest $0.00 Property Tax (data not provided by mls) $256.67 Homeowner's InsuranceChange Payment Information
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506 N Lancaster Avenue , Unit 4 | MLS# 21229843
This multi-family property located at 506 N Lancaster Avenue , Unit 4, Dallas, TX 75203 is currently listed for sale with an asking price of $880,000. N Lancaster Avenue , Unit 4 is located within the Dallas ISD school district. Search Dallas real estate on sarahmartin.kellyrealtors.com today.