Active

5316 Columbia Avenue

Dallas TX, 75214

$625,000


$271.27 per sqft

Active

4 Beds

4 Baths

2,304 sqft

Multi-family

Built in 1984

Investment Opportunity in East Dallas - Prime Location Near Lakewood & Santa Fe Trail. Up to a $4500 lender credit! Don't miss this rare opportunity to own a fully functional, income-producing duplex in one of East Dallas' most desirable neighborhoods. Located just minutes from Lakewood, the Santa Fe bike trail, and a wide variety of shops and restaurants, this property offers both convenience and potential. The duplex features a total of 4 bedrooms, 4 full baths, and 2 half baths, with separate living areas on each side. Both units include wood-burning fireplaces, creating a cozy atmosphere, and offer the benefit of two single-car garages--one for each unit. Each side also boasts private fenced-in patios with lush grass, ideal for outdoor relaxation.
Unit 5316 is currently occupied with a month-to-month lease, offering immediate rental income potential. Unit 5314 is vacant and move-in ready, providing the flexibility to live in one side while generating income from the other. Additionally, both sides of the duplex are available for individual purchase, giving you flexibility in your investment strategy. Whether you're an owner-occupant or investor, this property offers a unique opportunity in a high-demand area. Take advantage of this fantastic East Dallas investment--schedule your tour today! **Seller is doing 1031 exchange at no cost to buyer** Square footage is taken from tax records. Buyer to determine each side prior to purchase.

20805109

MLS ID

January 14, 2025

Updated

Map

5316 Columbia Avenue
Dallas TX, 75214

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Full Bathrooms

2


Half Bathrooms

2


Interior Features

Granite Counters


Appliances

Dishwasher, Electric Range, Refrigerator


Floor Description

Carpet, Linoleum


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.15 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

Dallas ISD


High School

Woodrow Wilson


Elementary School

Lipscomb

Other Property Details

Taxes

$11,358


Tax Frequency

Annually


Days on Market

6


Garage

Yes


Garage Spaces

2


Parking Total

2


View

No


County

Dallas


Water Source

Public


Pool

No


Pool Features

None

Listed by Caryn Frakes with JPAR
Listing Contact: 817-988-1748 

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 1/14/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 1/14/2025 at 6:51 PM UTC

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