- For Sale $1,595,000
- Property Type Multi-Family
- Property Size 16,154 SF
- Units 32
- Lot Size 1.16 Acre
- Year Built 1925
- Date Updated Apr 29, 2026
Description
Corner of Reiger Ave & Munger BlvdLocated 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.
Highlights
- In-Place Cash Flow: Stabilized rooming house operations with management onsite
- Redevelopment Upside: Redevelop and sell individually (two single-family homes + two multifamily buildings)
- Repositioning Opportunity: Convert to traditional long-term multifamily or residential use
- 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
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Contacts
Grant Guest
Perry Guest Company
Location
Located at 5200-5210 Reiger Ave, Dallas, TX 75214, this property is part of the Munger Place neighborhood and Dallas Fort Worth market.
Contact Listing Broker
Grant Guest
Perry Guest Company
