Property
Beds
43
Full Baths
43
1/2 Baths
None
Year Built
1968
Sq.Footage
25,080
Glendale Oaks is a 40-unit brick garden-style multifamily community, plus one storage studio, on 1.31 acres at 5656 Live Oak Street in East Dallas. Built in 1968 and renovated in 2015, with select units further updated in 2025, the property is minutes from Downtown Dallas, Deep Ellum, and Baylor University Medical Center, with convenient access to US-75 and I-30. The community offers 37 one-bedroom and 3 two-bedroom units; 37 of 39 rentable units are leased (about 95% occupied). Approximately 80% of monthly rent is paid directly by housing assistance programs (DHA and VASH). Trailing-12 NOI is $346,262. Amenities include on-site laundry, covered carport parking (57 spaces), a dog park, and landscaped grounds. Value-add upside includes upgrading classic interiors, returning the on-site office and storage studio to the rent roll, and moving rents toward market as units turn. The 1.31-acre MF-2(A) site is surrounded by new townhome development; townhome redevelopment is a scenario worth considering, subject to zoning, entitlements, and buyer due diligence.
Features & Amenities
Interior
-
Other Interior Features
High Speed Internet
-
Total Bedrooms
43
-
Bathrooms
43
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Carport, Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.31
-
Lot Size(square feet)
57,063
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$5,000,000
-
Tax Amount
$101,284
-
Financing Options
Cash, Contract
-
Sq. Footage
25,080
-
Price/SqFt
$199
HOA
-
Association
No
School District
-
Elementary School
Lipscomb
-
Middle School
Long
-
High School
Woodrow Wilson
Property Features
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
14
-
Water Source
Public
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Location
County
Dallas
Elementary School
Lipscomb
Middle School
Long
High School
Woodrow Wilson
Listing Courtesy of Jay Fang, U Property Management
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AGENT
Joe Boston
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