Next Level Realty

506 N Lancaster Avenue

Dallas, TX 75203

MLS#: 21229843

$880,000

Status: Active
Listing number: 21229843
Listing provided by: Kimberly Adams Realty
Listing agent phone: None
Last update: N/A
On site: 11 days ago
Browse Properties
Oak Cliff Original - Residential Income

Property

Beds

6

Full Baths

4

1/2 Baths

None

Year Built

1945

Sq.Footage

3,744

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.

Features & Amenities

Interior

  • Other Interior Features

    Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)

  • Total Bedrooms

    6

  • Bathrooms

    4

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony, Private Entrance

  • Parking

    Additional Parking, Concrete

  • Patio and Porch Features

    Covered

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1594

  • Lot Size(square feet)

    6943.0

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $880,000

  • Tax Amount

    $13,902

  • Sq. Footage

    3, 744

  • Price/SqFt

    $235

HOA

  • Association

    No

School District

  • Elementary School

    Bowie

  • Middle School

    Garcia

  • High School

    Adamson

Property Features

  • Foundation Details

    Pillar/Post/Pier

  • Sewer

    Public Sewer

  • Tax Lot

    1

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Location

County

Dallas

Elementary School

Bowie

Middle School

Garcia

High School

Adamson

Listing Courtesy of Tiffany Turincio , Kimberly Adams Realty

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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.

506 N Lancaster Avenue

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