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$1,450,000 Sale Pending
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Property Description
Lakewood offers the opportunity to acquire a 12-unit apartment community that has been thoughtfully maintained by the same private owner for nearly a decade. Throughout the ownership period, the property has undergone a series of meaningful capital improvements designed to enhance both its physical condition and operational efficiency. Ownership has invested more than $226k into the asset, including the conversion of all units to central HVAC, individual utility metering, plumbing upgrades, a new central water heater, interior renovations, landscape improvements, and a new perimeter security gate. Additionally, the roof was replaced in 2020, further reducing future capital requirements for a new owner. Collectively, these improvements have addressed many of the major building systems that investors typically evaluate when acquiring a vintage apartment community. The community offers a mix of 1 and 2 bedroom units, with effective rents averaging $1,072. Please see OM in Transaction Desk and contact agent specified in notes section for questions, access to financials and tours.
Full Property Details
Full Property Details for 5722 Gaston Ave
General
- Price: $1,450,000
- Taxes: $29,393
- Status: Pending
- Type: Apartment
- Source: NTREIS
- MLS ID: 21324260
- Updated: 10/6/2026
- Added to Site: 91 day(s) ago
Interior
- Interior Features: Granite Counters, High Speed Internet, Cable TV
- Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
- Flooring: Laminate
Parking
- Total Spaces: 11
- Parking Features: Asphalt, On Site
Location
- County: Dallas
- Subdivision: Munger Place Add Sec 02
- Driving Directions: Google maps
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Lipscomb
- Middle School: Long
- High School: Woodrow Wilson
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Sewer Available, Water Available, Cable Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick
- Roof: Asphalt
- Stories/Levels: 2
- Square Feet: 8,785
- Sq. Ft. Source: Owner
- Year Built: 1958
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.323
- Lot Size (Sq. Ft.): 14,069.88
Financial Considerations
- Tax Amount: $29,393
Disclosures and Reports
- Legal Description: MUNGER PLACE BLK 5/1868 LOT 18
- Property ID: 182029000000
- Block: 51868
- Lot Number: 18
Listed by Gsfrea Llc, Esther Cho
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Schools
Schools serving 5722 Gaston Ave
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
William Lipscomb Elementary School 5801 Worth Street, Dallas, TX 75214 | K-5 | 0.2 mi |
J L Long Middle School 6116 Reiger Avenue, Dallas, TX 75214 | 6-8 | 0.6 mi |
Woodrow Wilson High School 100 South Glasgow Drive, Dallas, TX 75214 | 9-12 | 0.5 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 5722 Gaston Ave
Date
Details
Price
Change
Source
7/08/2026
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5722 Gaston Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$29,393
—
$1,266,000
-4%
2025
$29,393
4%
$1,320,000
7%
2024
$28,341
3%
$1,235,000
3%
2023
$27,537
—
$1,200,000
9%
2022
$27,614
26%
$1,100,000
32%
2021
$22,002
16%
$834,030
-1%
2020
$18,990
10%
$840,000
33%
2019
$17,222
-4%
$630,000
—
2018
$17,925
-43%
$630,000
-46%
2017
$31,679
-12%
$1,165,000
-12%
2016
$36,058
208%
$1,326,000
211%
2015
$11,694
16%
$426,520
16%
2014
$10,080
9%
$368,820
8%
2013
$9,286
—
$341,050
—
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 5722 Gaston Ave
5722 Gaston Avenue, Dallas, TX 75214 (MLS# 21324260) is a Apartment property with 0 bedrooms and 0 full bathrooms. 5722 Gaston Avenue is currently listed for $1,450,000 and was received on July 08, 2026. Want to learn more about 5722 Gaston Avenue? Do you have questions about finding other Apartment real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

