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East Dallas - Full City Block 4 Multifamily Properties Offered at $2,180,269 CAD in Dallas, TX
Investment Highlights
- Scale & Location: Full-block assemblage in a premier historic district (50,397 sqft of Land)
- Value-Add Potential: Increase rents and optimize current rooming house operations
- Redevelopment Upside: Redevelop and sell individually (two single-family homes + two multifamily buildings)
- In-Place Cash Flow: Stabilized rooming house operations with management onsite
- Repositioning Opportunity: Convert to traditional long-term multifamily or residential use
Executive Summary
Located in Munger Place Historic District, one of the most desirable historic neighborhoods in East Dallas, this offering presents a rare opportunity to acquire four contiguous properties spanning an entire city block—totaling over 50,000 square feet of land.
The portfolio consists of four buildings currently operating as a rooming house with 50 rooms, with an on-site manager in place. Current rents range from $550–$650 per month, providing immediate in-place income with operational upside.
This is a highly flexible investment with multiple exit strategies in a high-demand submarket.
The portfolio consists of four buildings currently operating as a rooming house with 50 rooms, with an on-site manager in place. Current rents range from $550–$650 per month, providing immediate in-place income with operational upside.
This is a highly flexible investment with multiple exit strategies in a high-demand submarket.
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Property Facts
| Price | $2,180,269 CAD | Number of Properties | 4 |
| Price / SF | $104.78 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 20,808 SF |
| Status | Active | Total Land Area | 2.66 AC |
| Price | $2,180,269 CAD |
| Price / SF | $104.78 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 20,808 SF |
| Total Land Area | 2.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5204 Reiger Ave, Dallas, TX 75214 | Multifamily | 8,646 SF | 1925 | - |
| 5200 Reiger Ave, Dallas, TX 75214 | Multifamily | 7,368 SF | 1930 | - |
| 5206 Reiger Ave, Dallas, TX 75214 | Multifamily | 2,434 SF | 1920 | - |
| 5210 Reiger Ave, Dallas, TX 75214 | Multifamily | 2,360 SF | 1920 | - |
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East Dallas - Full City Block
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