Next Level Realty

5315 Colonial Avenue

Dallas, TX 75215

MLS#: 21429116

$326,000

Status: Active
Listing number: 21429116
Listing provided by: Redfin Corporation
Listing agent phone: None
Last update: N/A
On site: 8 days ago
Browse Properties
Ervay Place - Residential Income

Property

Beds

6

Full Baths

2

1/2 Baths

None

Year Built

2020

Sq.Footage

1,680

Excellent Turnkey Investment Opportunity. Newly renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address and both are currently available for rent. Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed. The property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Directions: From I-45 South, take Martin Luther King Jr. exit. Turn left to MLK and turn right onto SM Wright Freeway 310. Turn right onto Haven St, then turn right onto Colonial Ave. Schedule your showing today!

Features & Amenities

Interior

  • Other Interior Features

    High Speed Internet

  • Total Bedrooms

    6

  • Bathrooms

    2

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Electric

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.161

  • Lot Size(square feet)

    7,013

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $326,000

  • Tax Amount

    $9,066

  • Financing Options

    Cash, Conventional, FHA, VA Loan

  • Sq. Footage

    1,680

  • Price/SqFt

    $194

HOA

  • Association

    No

School District

  • Elementary School

    Dunbar

  • Middle School

    Dade

  • High School

    Madison

Property Features

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    33

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Dallas

Elementary School

Dunbar

Middle School

Dade

High School

Madison

Listing Courtesy of Vanessa Brandt, Redfin Corporation

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Joe Boston

AGENT

Joe Boston

Call Joe today to schedule a private showing.

(817) 881-7100

joesrentalprops@gmail.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Excellent Turnkey Investment Opportunity. Newly renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address and both are currently available for rent. Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed. The property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Directions: From I-45 South, take Martin Luther King Jr. exit. Turn left to MLK and turn right onto SM Wright Freeway 310. Turn right onto Haven St, then turn right onto Colonial Ave. Schedule your showing today!

5315 Colonial Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Next Level Realty Group via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

Beautifully positioned for investors and owner-occupants alike, this duplex-style property offers the perfect setup for building a steady rental income stream. The front residence welcomes you with covered parking and a warm, inviting layout, while the separate rear living quarters offer their own private entrance, fenced-in yard, and complete independence from the front unit. Each side functions as its own self-contained home, giving tenants or family members true privacy while keeping everything under one roof. This setup is ideal for the savvy buyer looking to live in one unit while the other covers a significant portion of the note — or for the investor seeking dual rental income from a single property. Owner Finance Options Available. Recently updated and move-in ready, this versatile duplex combines comfort, functionality, and smart investment potential in a location with easy access to I-20, I-635, and US-175. Whether you're house-hacking your way to homeownership or adding a cash-flowing asset to your portfolio, this is a rare opportunity not to miss.
#21426599

Dallas

8714 Quinn Street A

5 Beds

4 Baths

2,264 Sq.Ft.

$320,000

MLS#: 21426599

Turnkey investment opportunity in the heart of Cockrell Hill. Both units are leased with solid terms through late 2026 and early 2027, generating $2,675 a month in immediate rental income. Each unit is a 2 bedroom, 1 bathroom with 712 Sq ft. Total 4 bed, 2 bath 1424 sq ft. Both units have had significant upgrades including paint, refinished wood floors, stone countertops, updated bathrooms. Updated windows, composition roof, exterior paint, water heaters and updated HVAC units all in 2018. Originally appraised at $475,000 in 2022, this property is now available for $370,000, offering significant built-in value. Two detached garages include a spacious two car structure ideal for conversion to an Accessory Dwelling Unit (ADU), an untapped opportunity to boost rental income and property value. Plus another one car garage with a storage space, with more driveway parking as well. Lots of opportunities for rental income, storage income, turn a garage into a business.
#21218384

Dallas

3709 Mount Royal Street

4 Beds

2 Baths

1,424 Sq.Ft.

$359,000

MLS#: 21218384

See 3D Virtual Tour! A fully renovated income producing duplex 100% occupied. Both units feature an open floor plan with wood-like flooring, designer paint and trim color, an updated kitchen and baths, and lots of storage space. Each unit has an attached one car garage and private fenced backyard. Units are being sold AS-IS. Both sides are tenant occupied - 8912 side is occupied until 3.31.2027 at a rate of $1260 and 8910 side is occupied until 12.31.2026 at a rate of $1275. Property manager is also listing agent and the company would be happy to continue managing the property after the sale!
#21200912

Dallas

8910-8912 Greenmound Avenue

4 Beds

2 Baths

1,728 Sq.Ft.

$299,000

MLS#: 21200912

INVESTORS - this unit can be purchased individually or in combination with 4011 Cole Ave #113 Dallas, TX 75204 MLS#21269708. Condos are located in buildings next door to each other and are managed by the same HOA and are for sale by the same Owner. LOCATION truly sets this property apart. Situated directly across from Cole Park, residents enjoy immediate access to sports courts, walking trails, playgrounds, open green space, and pet-friendly areas. The Katy Trail access point at Cambrick Street is less than 0.3 miles away, offering exceptional walkability and outdoor convenience. LESS THAN 3mi FROM SMU. This 2 story, 2 bedroom 1.5 bath condo with gated, assigned, covered parking for 2 vehicles is Priced to Sell! Downstairs features a spacious living room, kitchen, half bath and open-slatted stairs to allow for plenty of natural light and a sense of cohesiveness. Right off the dining area is a glass slider with access to the deck. The deck is surrounded by a wooden privacy fence allowing you to create your personal outdoor oasis. Upstairs features the full size stackable laundry area and 2 bedrooms, which are located on opposite sides and connected with a Jack and Jill bathroom. Occupant is allowed to use the pool next door at 4011 Cole Avenue Dallas 75204. Monthly HOA dues include gas, electricity, water, trash, and sewer services, adding exceptional value and convenience. Ideally located less than 0.5miles from West Village, residents can easily enjoy premier shopping, dining, and entertainment. Knox Henderson and Turtle Creek are both within one mile, placing some of Dallas’ most desirable destinations just minutes away. Occupied until June 2027. On 8-27-26, HOA confirmed condo is warrantable with NO sales transfer fees. Cash offers only with Buyer paying all closing costs. Multi-unit incentive contingent upon purchasing both units
#21273183

Dallas

4021 Cole Avenue 204

2 Beds

1 Baths

1,030 Sq.Ft.

$303,000

MLS#: 21273183

Great investment opportunity in a prime location near Oak Cliff, just minutes from the vibrant Bishop Arts District! Enjoy easy access to shopping, dining, and entertainment. This versatile property is recognized by the city as a duplex but can also function as a single-family home with a separate back studio—ideal for generating rental income or multigenerational living. The rear unit is currently tenant-occupied on a month-to-month basis, offering immediate income potential with flexibility for future use. The possibilities for this property are endless! Property is being sold AS-IS. Buyer and buyer’s agent to verify all information.
#21209774

Dallas

811 S Tyler Street

3 Beds

2 Baths

1,944 Sq.Ft.

$325,000

MLS#: 21209774

Price reduced
PRICE IMPROVEMENT, JUST IN TIME FOR THE HOLIDAYS! Prime redevelopment opportunity near Bishop Arts! 438 McLean Ave and 3619 W. Jefferson Blvd are offered together, creating an L-shaped homesite totaling nearly 0.4 acres. Imagine the possibilities: remove the existing structure and build 2 custom dream homes, investment properties, or explore other development options in a rapidly changing Dallas area. The Jefferson lot features gorgeous mature trees, adding natural beauty and privacy. Lots must be sold together. Buyer and buyer’s agent to independently verify all information, including zoning, development requirements, platting, permitting, utilities, setbacks, codes, and allowable use.
#21279561

Dallas

438 Mclean Avenue

5 Beds

3 Baths

1,800 Sq.Ft.

$350,000

MLS#: 21279561

Add this duplex to your investment portfolio! Vacant duplex with NO HOA, offering 3 bedrooms, 2 baths, an open-concept layout, and a 2-car covered garage on each side. Live in one unit and rent the other or lease both. Conveniently located near major routes, shopping, dining, and entertainment. Minutes to downtown Dallas.
#21376616

Dallas

8115 Ferguson Road

6 Beds

4 Baths

3,020 Sq.Ft.

$390,000

MLS#: 21376616

Fully updated duplex in the heart of North Oak Cliff, just minutes from the vibrant Bishop Arts District! A rare opportunity for both owner-occupants and investors, with both sides being sold together. Extensively renovated in 2021, major updates include a new roof, HVAC systems, tankless water heaters, updated electrical, luxury vinyl plank flooring, new kitchen cabinetry, and stainless steel appliances. Each unit offers a stylish updated kitchen complete with a gas range and built-in microwave. The detached two-car garage currently serves as additional storage.
#21311742

Dallas

410 N Oak Cliff Boulevard

2 Beds

2 Baths

1,264 Sq.Ft.

$375,000

MLS#: 21311742

INVESTORS - this unit can be purchased individually or in combination with 4021 Cole Ave #204 Dallas, TX 75204 MLS#21273183. Condos are located in buildings next door to each other and are managed by the same HOA and are for sale by the same Owner. Location truly sets this property apart. Situated directly across from Cole Park, residents enjoy immediate access to sports courts, walking trails, playgrounds, open green space, and pet-friendly areas. The Katy Trail access point at Cambrick Street is less than 0.3 miles away, offering exceptional walkability and outdoor convenience. LESS THAN 3mi FROM SMU - Southern Methodist University. This charming 2-bedroom condo features 1 full bathroom, 1 half bathroom, fresh interior paint, and a newly installed dishwasher. The main level includes a spacious living room, dining area, kitchen, laundry area, and half bath. Just off the dining room, a private deck provides the perfect setting to enjoy morning coffee or unwind outdoors. Upstairs, you’ll find two bedrooms, a full bathroom, and additional storage closets. Residents also enjoy access to a recently remodeled pool and lounge area, as well as a covered tandem carport accommodating two vehicles. Refrigerator conveys with accepted offer. Washer and Dryer are negotiable. Monthly HOA dues include gas, electricity, water, trash, and sewer services, adding exceptional value and convenience. Ideally located less than 0.5 miles from West Village, residents can easily enjoy premier shopping, dining, and entertainment. Knox Henderson and Turtle Creek are both within one mile, placing some of Dallas’ most desirable destinations just minutes away. Priced to sell, this is an outstanding opportunity for both investors and future homeowners alike. As of 10-15-26, HOA confirmed there are $0.00 transfer fees for the purchase of this unit. Multi-Unit Incentive for the purchase of both units #113 and 4021 Cole Ave #204 .
#21269708

Dallas

4011 Cole Avenue 113

2 Beds

1 Baths

910 Sq.Ft.

$298,999

MLS#: 21269708

New on site 4 days ago
Price reduced
Investor Special. Ideal for your next project! This property needs some work and is being sold as-is, with no repairs provided by the seller. Zoned as a duplex, it offers potential to be converted back. No blind offers accepted. Cash or hard money only. Buyer and agent are responsible for verifying all details.
#21431823

Dallas

617 N Edgefield Avenue

2 Beds

2 Baths

1,912 Sq.Ft.

$365,000

MLS#: 21431823

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Next Level Realty Group via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Next Level Realty Group via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies for analytics and to enhance your experience. By accepting, you agree to analytics and marketing cookies. Small functional cookies that count viewed properties and time on site are used regardless of your choice. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service