Date
Details
Price
Change
Source
4/27/2026
Listed
$880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$880,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 506 N Lancaster Ave #4
General
- Price: $880,000
- Taxes: $13,902
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21229843
- Updated: Today (4/27/2026)
- Added to Site: Today
Interior
- Interior Features: Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Cable TV, Walk-In Closet(s)
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Private Entrance
- Porch/Patio/Deck: Balcony, Covered
Parking
- Total Spaces: 7
- Parking Features: Additional Parking, Concrete
Location
- County: Dallas
- Subdivision: Oak Cliff Original
- Driving Directions: from 30 exit 8th street. Drive .4 miles and make a left on E Eighth St. Drive .3 miles and make a right on Lancaster Ave.
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Bowie
- Middle School: Garcia
- High School: Adamson
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Cable Available: Yes
- Utility Description: Sewer Available, Cable Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 6,943
- Sq. Ft. Source: Public Records
- Living Area: 6,943 Sq. Ft.
- Year Built: 1945
Lot Features
- Lot Size (Acres): 0.1594
- Lot Size (Sq. Ft.): 6,943
- Lot Size Source: Appraiser
- Fencing (Description): Front Yard, Wood
Financial Considerations
- Tax Amount: $13,902
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Property ID: 250228000000
- Block: 61
- Lot Number: 1
Listed by Kimberly Adams Realty, Tiffany Turincio
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 506 N Lancaster Ave #4 —
Tiffany Turincio
Kimberly Adams Realty
817-513-4708
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 506 N Lancaster Ave #4
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
James Bowie Elementary School, Dallas, TX 330 North Marsalis Avenue, Dallas, TX 75203 | K-5 | 0.1 mi |
Hector P Garcia Middle School 700 East 8th Street, Dallas, TX 75203 | 6-8 | 0.2 mi |
W High Adamson High School 309 East 9th Street, Dallas, TX 75203 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 N Lancaster Ave #4
Tax History
Tax History for 506 N Lancaster Ave #4
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,949
-3%
$624,330
—
2024
$14,322
78%
$624,100
78%
2023
$8,032
-38%
$350,000
-32%
2022
$12,861
39%
$512,330
46%
2021
$9,253
-3%
$350,770
—
2020
$9,516
4%
$350,770
5%
2019
$9,164
52%
$335,240
58%
2018
$6,018
43%
$211,510
36%
2017
$4,219
—
$155,140
—
2016
$4,219
36%
$155,140
37%
2015
$3,112
—
$113,490
—
2014
$3,102
—
$113,490
—
2013
$3,090
—
$113,490
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 N Lancaster Ave #4
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- Single Family
- Active
- Updated 16 hours ago
- 5Beds
- 6Total Baths
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 6Total Baths
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506 N Lancaster Avenue #4, Dallas, TX 75203 (MLS# 21229843) is a Multi-Family property with 4 units containing 6 bedrooms and 4 full bathrooms. 506 N Lancaster Avenue #4 is currently listed for $880,000 and was received on April 27, 2026. Want to learn more about 506 N Lancaster Avenue #4? Do you have questions about finding other Multi-Family real estate for sale in Oak Cliff? You can browse all Oak Cliff real estate or contact a Coldwell Banker agent to request more information.