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About This Home
This 6-bedroom, 4-bathroom multi-family at 506 N Lancaster Avenue in Dallas, TX is listed for $880,000 ($235 per sqft). Built in 1945, the home offers 3,744 sqft of living space on a 0.16 acres lot.
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.
Key Features
- Built in 1945
- 0.16 acre lot
- 2 stories
- 6 parking spaces
Property Details
Monthly Cost Estimate
$4,706/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
506 N Lancaster Avenue
Dallas, TX 75203
Oak Cliff Original
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 4-bathroom multi-family at 506 N Lancaster Avenue is listed at $880,000 ($235/sqft). The estimated monthly payment is $3,813 based on 20% down at 6.5% interest.
Key features include: Built in 1945, 0.16 acre lot, 2 stories, 6 parking spaces. Interior Features: Cable Tv Available, Kitchen Island, Multiple Staircases. Exterior Features: Balcony, Covered Patio/Porch, Private Entrance.
This property is listed by Tiffany Turincio and can be reached at 8175134708 or tiffanyturincio@gmail.com.
