Royal Palm 5520 Gaston Ave 23 Unit Apartment Building $4,784,290 CAD ($208,013 CAD/Unit) 4.64% Cap Rate Dallas, TX 75214

5520 Gaston Ave is a fully modernized, 23 unit multifamily community situated in one of Dallas’ most dynamic and infill submarkets. This meticulously updated asset offers a turnkey investment with significant curb appeal, contemporary unit interiors, and thoughtful outdoor amenity enhancements tailored to today’s renter preferences.
The property was thoroughly renovated in 2018 and delivers a fresh, elevated living experience while maximizing long-term operational performance. Each unit features high-quality upgrades including new sheetrock throughout, brand new appliances, modern countertops, premium flooring, and fully renovated bathrooms, creating an attractive design aesthetic and reinforcing resident satisfaction and retention. Outdoor living has been thoughtfully reimagined with a beautifully upgraded courtyard offering artificial turf, ambient outdoor lighting, and inviting firepit seating, providing residents with a compelling communal space that enhances lifestyle value and differentiates the property in the competitive Dallas rental market.
Located on Gaston Ave, the property benefits from excellent accessibility to local employment centers, retail and dining destinations, and major transportation corridors, making it a highly desirable address for a broad spectrum of renters.
5520 Gaston Ave presents investors with an exceptional opportunity to acquire a stabilized, move-in ready asset with attractive value-add appeal and long-term income potential in the thriving Dallas multifamily market.