506 N Lancaster Ave, Dallas, TX 75203

$880,000
: 6
BD
: 4
BA
: 3,744
SqFt

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List Price: $880,000
Status: ACTIVE
MLS#: 21229843
Subtype: ResidentialIncome
Construction Status: Preowned
Year Built: 1945
Bedrooms: 6
Bathrooms: 4
Full Baths: 4
Living Area: 3,744
Lot Size: 6,943
Acres: 0.16
Subdivision: Oak Cliff Original
Building Name: N/A

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Property Description

Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas. 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.

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