The Eastern

1519 Annex Ave, Dallas, TX 75204

  • For Sale $12,900,000
  • Property Type Multi-Family
  • Property Size 62,276 SF
  • Units 112
  • Lot Size 2.12 Acre
  • Year Built 1961
  • Year Renovated 2020
  • Date Updated Jul 22, 2025
Old East Dallas is one of the city’s most rapidly growing and sought-after areas. Known for its mix of urban energy and neighborhood charm, the location offers quick access to popular destinations like Deep Ellum, Downtown Dallas, Uptown, Lower Greenville, and Fair Park. Residents enjoy a short drive to major employment hubs, vibrant dining and nightlife, and outdoor spaces. A central location with excellent connectivity, Old East Dallas is an ideal spot for young professionals and renters looking to enjoy everything the city has to offer.The Eastern is a 112-unit multifamily community located in the rapidly evolving East Dallas submarket—an area experiencing robust residential and commercial growth. With limited availability of affordable, well-situated rental options nearby, the property is ideally positioned to attract strong demand from Dallas’s expanding population of young professionals. Situated on 2 acres, The Eastern comprises five garden-style buildings featuring pitched roofs, gated access, and ample surface parking. Each unit offers spacious layouts with walk-in closets, in-unit laundry, and central HVAC. Community amenities include a large courtyard with outdoor seating, grilling stations, and a dog park—catering to today’s lifestyle preferences.
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Highlights

  • 112-Unit Community with strong operating scale
  • Efficient Site Plan with garden-style layout, community areas, and gated parking
  • Established Rental Demand Neighborhood
  • Expansive 92,000+ SF Lot
  • Favorable Demographics – growing base of young professionals and renters-by-choice
  • Prime Location in the heart of Old East Dallas
  • Renovated in 2020 – fully gutted and modernized ($84,000 in CapEx per unit)

Contacts

broker
Grant Guest

Perry Guest Company

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Knox Henderson
  • Zip Code 75204
  • Market Dallas Fort Worth

Points of Interest

  • CityPlace & Noble

    1.11 miles

  • CityPlace & McKinney

    1.16 miles

  • Blackburn & West Village

    1.19 miles

  • McKinney & Lemmon

    1.22 miles

  • Cole & West Village

    1.26 miles

  • McKinney & Hall

    1.28 miles

  • Deep Ellum

    1.32 miles

  • McKinney & Allen (S)

    1.36 miles

  • Cole & Bowen

    1.37 miles

  • McKinney & Worthington (N)

    1.40 miles

  • Exxon

    0.25 miles

  • 7-Eleven

    0.35 miles

  • Valero

    0.54 miles

  • Sunoco

    0.58 miles

  • Shamrock

    0.65 miles

  • Phillips 66

    1.00 miles

  • Shell

    1.01 miles

  • eVgo

    1.87 miles

  • Perot Museum of Nature and Science

    2.04 miles

  • Tesla Supercharger

    3.00 miles

  • DTS Commuter Lot

    0.53 miles

  • Residence Parking

    0.58 miles

  • Lot 48

    0.68 miles

  • Lot 36

    0.73 miles

  • Lot 29

    0.73 miles

  • Parking Lot 17

    0.74 miles

  • Parking Lot 60

    0.74 miles

  • Parking Garage 7

    0.77 miles

  • Parking Lot 57

    0.77 miles

  • Lakewood Country Club Tennis Courts

    1.72 miles

  • Element Dallas Downtown East

    0.63 miles

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

    0.90 miles

  • Canopy by Hilton Dallas Uptown

    1.06 miles

  • Quality Inn & Suites Dallas-Cityplace

    1.07 miles

  • Best Western

    1.07 miles

  • La Quinta Inn

    1.29 miles

  • Bailey's Uptown Inn

    1.35 miles

  • MAA Worthington

    1.35 miles

  • The Pittman

    1.37 miles

  • HALL Arts Hotel Dallas, Curio Collection by Hilton

    1.46 miles

  • Popeyes

    0.17 miles

  • Sonic

    0.23 miles

  • Bangkok City Restaurant

    0.25 miles

  • Vientiane

    0.26 miles

  • Pizza inn

    0.32 miles

  • Back Home BBQ

    0.38 miles

  • Little Caesar’s

    0.39 miles

  • La Victoria

    0.40 miles

  • Loro

    0.44 miles

  • Lucky’s Hot Chicken

    0.44 miles

  • Uplift Atlas Preparatory

    0.15 miles

  • Cesar Chavez Learning Center

    0.19 miles

  • IDEA PLC High School at Fannin

    0.20 miles

  • Texas Can Academy

    0.21 miles

  • Multiple Careers Magnet School

    0.52 miles

  • John F Kennedy Learning Center

    0.54 miles

  • Dallas Theological Seminary

    0.55 miles

  • Criswell College

    0.66 miles

  • Ignacio Zaragosa Elementary School

    0.67 miles

  • J. W. Ray Learning Center

    0.69 miles

  • Swiss Learning Center

    0.66 miles

  • East Dallas Developmental Center

    1.25 miles

  • Parent Day Out

    1.72 miles

  • Little Rascals II Daycare & Learning Center

    4.90 miles

  • Apple Tree Christian Academy

    7.64 miles

  • Lil Rascals Learning Center

    7.71 miles

  • Cornerstone Learning Center

    9.30 miles

  • The Warren Center

    9.39 miles

  • Miss Bloomingdale's Academy

    9.51 miles

  • Little Scholars Academy

    9.60 miles

Frequently Asked Questions

How much does The Eastern cost?

The space currently listed for sale at The Eastern asks for $12,900,000.

What is the total square footage of The Eastern?

The Eastern totals 62,276 square feet.

When was this property built?

The Eastern was built in 1961.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Grant Guest

Perry Guest Company

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