East Dallas Portfolio

5820 Reiger Avenue, Dallas, TX 75204

The East Dallas Portfolio is a 31-unit, 5-asset multifamily portfolio located within a two-mile radius in Old East Dallas that includes the esteemed historic neighborhoods of Swiss Avenue, Lakewood, and Peak Suburban. 

Constructed between 1913 to 1930, these boutique communities were purchased by the owner over 20 years ago and are in some of the best locations and boast the largest unit types in East Dallas, making this a once in a generation opportunity to purchase Historically significant buildings in Dallas’s urban core, where residential values range from high six-figures to eight-figures. Since the owner was one of the original “Urban Pioneers” in the area, he got the pick of the litter when it came to location and unit size. Crest Manor, located on Swiss Avenue, has an average unit size of approximately 1,000 SF for one bedroom apartments and the neighboring property fetches as much as $3500/unit per month for fully furnished short term (minimum 30-day stay) leases. Brookestone’s zoning allows for commercial use, opening the opportunity to repurpose the use as a Law Office, Art Studio, etc... and Barcelona is located within walking distance of Woodrow Wilson High School, one of the most desirable High School’s in Dallas. The properties offer a multitude of opportunities to add value through simple upgrades to repurposing the use, or selling off individual units as condominiums after conversion. 

The properties are being offered as a portfolio or for individual sale.

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Attachments

Highlights

  • Visionary Owner in East Dallas known for value-add renovations started acquiring properties in the mid-1990s.
  • Boutique community with unique social environment. The majority of owners in East Dallas don't sell, presenting a rare investment opportunity.
  • New investor can increase tenant quality and rental income. Median age of tenants is 35.1, mix of young professionals and adults.
  • Prized for walkability with numerous hiking, biking, and walking trails. Centralized location provides easy access to major grocery and food chains.
  • Portfolio offered free and clear of existing debt. Qualify for tax credits due to long tenure of ownership.

Contacts

broker
broker
broker

Esther Cho

GREA

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    26/100 Some Transit
  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Lower Greenville
  • Zip Code 75204
  • Market Dallas Fort Worth

Points of Interest

  • White Rock

    2.55 miles

  • Blackburn

    2.68 miles

  • Cityplace West & Noble

    2.71 miles

  • Cityplace West & McKinney

    2.73 miles

  • Cole & West Village

    2.80 miles

  • McKinney & Lemmon

    2.88 miles

  • Fair Park

    2.97 miles

  • McKinney Plaza

    3.01 miles

  • Baylor University Medical Center

    3.05 miles

  • Cole & Bowen

    3.09 miles

  • 7-Eleven

    0.90 miles

  • Exxon

    1.09 miles

  • eVgo

    1.19 miles

  • 7-Eleven

    1.34 miles

  • Shamrock

    1.38 miles

  • Alon

    1.47 miles

  • QuikTrip

    1.73 miles

  • Valero

    1.85 miles

  • Texaco

    1.91 miles

  • Exxon

    2.00 miles

  • Moody Parking Garage

    2.01 miles

  • Binkley Parking Garage

    2.05 miles

  • Buckner Park Lot

    2.14 miles

  • Airline Parking Center

    2.29 miles

  • Dallas Arboretum Parking

    2.43 miles

  • Daniel Parking Center

    2.49 miles

  • Residence Parking

    2.50 miles

  • DTS Commuter Lot

    2.53 miles

  • Residence Parking

    2.59 miles

  • Platinum Park

    2.91 miles

  • Highland Hotel

    1.65 miles

  • The Beeman Hotel

    1.71 miles

  • La Quinta Inn

    1.92 miles

  • Best Western

    2.11 miles

  • Quality Inn & Suites Dallas-Cityplace

    2.14 miles

  • The Lumen

    2.31 miles

  • Palace Suites Dallas

    2.38 miles

  • DoubleTree

    2.84 miles

  • Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White

    2.85 miles

  • Hyatt House Dallas/Lincoln Park

    2.87 miles

  • Chipotle

    0.50 miles

  • Big Shucks

    0.88 miles

  • Jack in the Box

    0.91 miles

  • Domino's

    0.97 miles

  • Snap Kitchen

    0.99 miles

  • Charlie's Creole Kitchen

    1.11 miles

  • Subway

    1.12 miles

  • Tacos Mariachi

    1.14 miles

  • Gloria's Restaurant

    1.14 miles

  • Hinodeya

    1.14 miles

  • Lakehill Preparatory School

    0.27 miles

  • Saint Thomas Aquinas Catholic Church and School

    0.56 miles

  • Lakewood Elementary School

    0.61 miles

  • Geneva Heights Elementary

    0.77 miles

  • Mockingbird Elementary School

    1.14 miles

  • William Lipscomb Elementary School

    1.16 miles

  • J L Long Middle School

    1.21 miles

  • Woodrow Wilson High School

    1.22 miles

  • John F Kennedy Learning Center

    1.54 miles

  • Solar Preparatory STEAM School for Girls

    1.71 miles

  • Swiss Learning Center

    2.60 miles

  • Parent Day Out

    3.71 miles

  • Lil Rascals Learning Center

    6.52 miles

  • Little Rascals II Daycare & Learning Center

    6.78 miles

  • Cornerstone Learning Center

    7.61 miles

  • Little Scholars Academy

    8.08 miles

  • Handprints Academy

    8.19 miles

  • Jerry Junkins Head Start

    9.26 miles

  • Kids Central

    9.32 miles

  • Apple Tree Christian Academy

    9.66 miles

Frequently Asked Questions

How much does East Dallas Portfolio cost?

The sale price for East Dallas Portfolio is available upon request. Contact the listing broker for more information.

What is the total square footage of East Dallas Portfolio?

East Dallas Portfolio totals 30,850 square feet.

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