ALL DALLAS HOMES
NEW — 1 DAYSMULTI-FAMILY · OAK CLIFF ORIGINAL

$880,000

506 N Lancaster Avenue, Dallas, TX 75203
6 BD · 4 BA · 3,744 SQFT · BUILT 1945 · $235/SQFT

New to the Dallas market — day 1 on the books.

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.

01 — THE NUMBERS
DAYS ON MARKET
1
$ / SQFT
$235
PROPERTY TYPE
Multi-family
YEAR BUILT
1945
STATUS
Active
LISTED
JUL 25
LOT
0.1594 AC
02 — KNOW THE CITY
DallasFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ACTIVE LIST ($309K · NTREIS)
+185% VS MEDIANDALLAS ISD · DALLAS COUNTY · 5 MIN TO DT DALLAS
03 — SCHOOLS
Schools reported for this listing

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.

ELEMENTARYBowie
MIDDLEGarcia
HIGHAdamson
DISTRICTDallas ISD
AS REPORTED ON THE MLS RECORD — NOT A BOUNDARY DETERMINATION
LISTING COURTESY OF KIMBERLY ADAMS REALTYMLS# 21229843 · NTREIS
LAST UPDATED APR 29, 2026, 6:19 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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