5969 Lewis St

For Sale

5969 Lewis St, Dallas, TX 75206

This Dallas property for sale is located at 5969 Lewis St. The general use of 5969 Lewis St is multi-family and it incorporates 5,010 square feet of class B multi-family space. The current listed sale price for 5969 Lewis St is $1,500,000. 5969 Lewis St is situated on a lot that is 7,248 square feet in size.

Contacts

broker

Keith Auten

Auten Realty

Property Details

  • Property Type Multi-Family
  • Property Size 5,010 SF
  • Units 8
  • Lot Size 7,248 SF
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Parking Spaces Avail. 8
  • Parking Ratio 1.60 / 1,000 SF
  • Building Class B
  • Year Built 1986
  • Date Updated Jun 6, 2024

The offering is a well maintained, performing eight-unit apartment complex in the Lower Greenville area. It is 100% occupied and has a walk score of 79.

 

The Class-B property was built in 1986. Per DCAD, the building square footage is approximately 5,010. The lot is approximately 7,248 sq ft. The roof is pitched with composition shingles. The foundation is slab. The HVAC is provided by individual central HVAC and mini split systems. All units have W/D connections. All unit utilities are individually metered and are paid for by the tenants. Parking is off street and gated.

 

The owners had been operating 6 of the 8 units as Short-Term Rental (STR) units until March of 2024. The management company they employed did an excellent job of keeping the STR units occupied until it was sold. The owners decided to convert the STR units to standard leased units and sell the property. Financial data is not available as it is mostly based on STR income and expenses not standard lease income and expenses.

 

Recent CapEx improvements include:

• New Roof - 2020

• HVAC Replaced - 6 of 8 HVAC (in 4 years), other two replaced by previous owner

• Exterior Painted fence & stucco, install new wood decks, new wood ceilings

• Exterior contemporary porch & door lighting

• Updated contemporary interior, painted cabinets, etc.

• New landscaping, low maintenance

• Washer & Dryers 7 of 8 units

 

According to the Realtors Property Resource Trade Area report for Dallas, TX 76206:

• The Average Household Income is $125,736

• The Average Disposable Income is $92,160

• The Median Household Income is $78,537

• The median age is 33.7 years

• The average household size is 1.71

• The ZIP code has a Median Estimated Home Value of $647,990, which has increased 7.8% over the last twelve months

Lower Greenville is a quaint neighborhood and entertainment district in east Dallas. There are many popular bars, noteworthy restaurants, boutique stores and live music venues. The streets are always buzzing with activity, especially at night with its exciting nightlife scene.

The area is an excellent rental market due to its proximity to employment centers and the central business district of Dallas. It is home to new upscale or remodeled historic homes, White Rock Lake, the Dallas Arboretum, eclectic restaurants, entertainment, shopping and has easy access to major thoroughfares.

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Getting around

  • 79/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 65/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Dallas, TX
  • Neighborhood Lower Greenville
  • Zip Code 75206
  • Market Dallas Fort Worth

Points of Interest

  • CityPlace & Noble

    1.89 miles

  • Blackburn & West Village

    1.90 miles

  • CityPlace & McKinney

    1.93 miles

  • Cole & West Village

    2.01 miles

  • McKinney & Lemmon

    2.05 miles

  • Fair Park

    2.11 miles

  • McKinney & Hall

    2.16 miles

  • Cole & Bowen

    2.25 miles

  • McKinney & Allen (S)

    2.32 miles

  • Deep Ellum

    2.32 miles

  • Exxon

    0.42 miles

  • Shamrock

    0.46 miles

  • Sunoco

    0.47 miles

  • 7-Eleven

    0.73 miles

  • Valero

    0.90 miles

  • Phillips 66

    1.08 miles

  • Chevron

    1.27 miles

  • Shell

    1.34 miles

  • eVgo

    1.65 miles

  • Perot Museum of Nature and Science

    3.09 miles

  • Lakewood Country Club Tennis Courts

    0.76 miles

  • Residence Parking

    1.52 miles

  • DTS Commuter Lot

    1.55 miles

  • Lot 36

    1.57 miles

  • Lot 49

    1.58 miles

  • Parking Lot 57

    1.60 miles

  • Parking Garage 7

    1.63 miles

  • Parking Lot 24

    1.65 miles

  • Lot 45

    1.65 miles

  • Lot 48

    1.66 miles

  • La Quinta Inn

    1.40 miles

  • Best Western

    1.44 miles

  • Quality Inn & Suites Dallas-Cityplace

    1.46 miles

  • Element Dallas Downtown East

    1.54 miles

  • Carrara at Cole Apartments

    1.66 miles

  • Highland Hotel

    1.84 miles

  • Canopy by Hilton Dallas Uptown

    1.85 miles

  • Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White

    1.87 miles

  • Palace Suites Dallas

    2.13 miles

  • MAA Worthington

    2.32 miles

  • Trader Joe's

    0.41 miles

  • Fiesta Mart

    0.46 miles

  • Sprouts Farmers Market

    0.51 miles

  • Whole Foods Market

    0.73 miles

  • La Michoacana Meat Market

    1.08 miles

  • La Azteca Meat Market

    1.33 miles

  • El Rancho

    1.41 miles

  • ALDI

    1.41 miles

  • Kroger

    1.49 miles

  • Ross

    1.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Keith Auten

Auten Realty