About 506 N Lancaster Avenue
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.
Features of 506 N Lancaster Avenue
| MLS® # | 21229843 |
|---|---|
| Price | $880,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,744 |
| Acres | 0.16 |
| Year Built | 1945 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Community Information
| Address | 506 N Lancaster Avenue |
|---|---|
| Subdivision | Oak Cliff Original |
| City | Dallas |
| County | Dallas |
| State | Texas |
| Zip Code | 75203 |
Amenities
| Utilities | City Sewer |
|---|---|
| Parking Spaces | 6 |
| Garages | Additional Parking, Concrete |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Cable TV Available, Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Walk-In Closet(s) |
|---|---|
| Heating | Central, Electric, Natural Gas |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Covered Patio/Porch, Private Entrance |
|---|---|
| Roof | Shingle |
| Construction | Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | Dallas ISD |
|---|---|
| Elementary | Bowie |
| Middle | Garcia |
| High | Adamson |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Tiffany Turincio |
|---|---|
| Office | Kimberly Adams Realty |
| Contact Info | 817-513-4708 |