Trey Bruning- +1(214) 797-7119 [email protected]
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$ 880,000
506 N Lancaster Avenue Dallas, TX 75203
6 Beds
4 Baths
3,744 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,744 sqft
Subdivision Oak Cliff Original
MLS Listing ID 21229843
Sold Date 09/14/26
Bedrooms 6
Full Baths 4
HOA Y/N None
Total Fin. Sqft 3744
Year Built 1945
Annual Tax Amount $13,902
Lot Size 6,943 Sqft
Acres 0.1594
Property Sub-Type Quadruplex
Property Description
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.
Location
State TX
County Dallas
Direction from 30 exit 8th street. Drive .4 miles and make a left on E Eighth St. Drive .3 miles and make a right on Lancaster Ave.
Interior
Interior Features Cable TV Available, Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Walk-In Closet(s)
Heating Central, Electric, Natural Gas
Cooling Central Air, Electric
Flooring Luxury Vinyl Plank
Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Heat Source Central, Electric, Natural Gas
Exterior
Exterior Feature Balcony, Covered Patio/Porch, Private Entrance
Fence Front Yard, Wood
Utilities Available City Sewer
Roof Type Shingle
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Siding
Schools
Elementary Schools Bowie
Middle Schools Garcia
High Schools Adamson
School District Dallas Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Financing Conventional
Bought with Ashlyn Pokorny • The Nav Agency