5305 Colonial Avenue, Dallas, TX 75215 - Photo 1

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$310,000 Sale Pending

For Sale
Pending
Duplex
4 Beds
3 Full Baths
1 Partial Bath
0.161 Acres
1 Car Garage
Updated 9 days ago

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Property Description

A Rare Investment Gem with Elegant Living in the Heart of Dallas (Price is per side, Duplex can be purchased separate or together) This duplex is more than just a property it's a strategic investment. Located just down the street from the Texas State Fairgrounds, where billions of dollars are being poured into a massive redevelopment project set for completion in 2027, this opportunity positions you right in the path of growth. With the area poised to become a premier entertainment and cultural hub, values are projected to rise significantly in the coming years. That makes this duplex perfect for investors looking to buy and hold while enjoying steady rental income in the meantime. Opportunities like this don't come around often. Secure your stake in one of Dallas' fastest-transforming neighborhoods today, and watch your investment grow as the surrounding development reshapes the entire community. Each unit features generously sized interiors and expansive balconies at both the front and rear-creating the ideal setting for morning coffee, sunset views, or elevated entertaining. Thoughtful architecture, ample natural light, and timeless design make this duplex a standout in both comfort and style. Live in one sophisticated unit and lease the other or capitalize on the dual-income potential in one of Dallas's most dynamic and rapidly appreciating neighborhoods.

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Full Property Details

Full Property Details for 5305 Colonial Ave

General

Price: $310,000
Taxes: $1,173
Status: Pending
Type: Duplex
Source: NTREIS
MLS ID: 20894748
Updated: 1/8/2026
Added to Site: 286 day(s) ago

Interior

Interior Features: Chandelier, Decorative/Designer Lighting Fixtures
Fireplace: Yes
Number of Fireplaces: 1
Fireplace(s): Decorative, Electric
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Microwave
Flooring: Laminate

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: Electric Dryer Hookup

Exterior

Exterior Features: Balcony
Porch/Patio/Deck: Balcony, Covered

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 1
Carports: Yes
Carport Spaces: 2
Covered Spaces: 1
Parking Features: Carport, Driveway

Location

County: Dallas
Subdivision: Ervay Place
Driving Directions: gps

School Information

Elem School District: Dallas ISD
Midd School District: Dallas ISD
High School District: Dallas ISD
Elementary School: Charles Rice Learning Center
Middle School: Dade
High School: Lincoln

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, Electric
Heating Type: Central, Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Sewer Available, Water Available

Structural Information

Architectural Style: Other
Structure Type: Duplex
Detached/Attached: Attached
Construction: Stucco
Roof: Other
Stories/Levels: 2
Living Area: 2,122 Sq. Ft.
Year Built: 2025

Lot Features

Lot Size (Acres): 0.161
Lot Size (Sq. Ft.): 7,013.16
Lot Features: Cleared
Fencing (Description): Wood

Financial Considerations

For Sale/Rent/Lease: For Sale
Tax Amount: $1,173
Terms: Cash, Conventional, FHA

Disclosures and Reports

Legal Description: ERVAY PLACE BLK 2248 LT 36
Property ID: 207970000000
Block: 2248
Lot Number: 36

Listed by The Vibe Brokerage, LLC, Dasia Jessie

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— 5305 Colonial Ave —

Dasia Jessie

The Vibe Brokerage, LLC

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Schools

Schools serving 5305 Colonial Ave

School District:Dallas Independent School District

Name	Grades	Distance
Charles Rice Learning Center 2425 Pine Street, Dallas, TX 75215	K-5	0.9 mi
Billy Earl Dade Middle School 2801 Park Row Avenue, Dallas, TX 75215	6-8	2 mi
Lincoln Humanities/Communications 2826 Elsie Faye Heggins Street, Dallas, TX 75215	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5305 Colonial Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/25/2025

Price Reduced

$310,000

-3.12%

MLS

11/08/2025

Price Reduced

$320,000

-5.88%

MLS

10/05/2025

Price Reduced

$340,000

-2.86%

MLS

9/14/2025

Price Reduced

$350,000

-2.78%

MLS

7/14/2025

Price Reduced

$360,000

-4%

MLS

5/23/2025

Price Reduced

$375,000

-1.32%

MLS

5/06/2025

Price Reduced

$380,000

-4.76%

MLS

4/05/2025

Listed

$399,000

—

MLS

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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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Estimate the Cost for 5305 Colonial Ave

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5305 Colonial Avenue, Dallas, TX 75215 (MLS# 20894748) is a Duplex property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5305 Colonial Avenue is currently listed for $310,000 and was received on April 05, 2025. Want to learn more about 5305 Colonial Avenue? Do you have questions about finding other Duplex real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

5305 Colonial Ave Dallas, TX 75215