506 N Lancaster AVE Dallas, TX 75203
6 Beds
4 Baths
3,744 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,744 sqft
Price per Sqft $235
Subdivision Oak Cliff Original
MLS Listing ID 21229843
Bedrooms 6
Full Baths 4
HOA Y/N No
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 Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Cable TV, Walk-In Closet(s)
Heating Central, Electric, Natural Gas
Cooling Central Air, Electric
Flooring Luxury Vinyl Plank
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Exterior
Exterior Feature Balcony, Private Entrance
Parking Features Additional Parking, Concrete
Fence Front Yard, Wood
Pool None
Utilities Available Sewer Available, Cable Available
Roof Type Shingle
Porch Balcony, Covered
Total Parking Spaces 6
Garage No
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Level or Stories Two
Schools
Elementary Schools Bowie
Middle Schools Garcia
High Schools Adamson
School District Dallas Isd
Others
Tax ID 00000250228000000
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21229843