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$880,000
New Listing

N/A
506 N Lancaster Avenue 4
Dallas, TX75203

For Sale|Quadruplex|Active
6
Beds
4
Total Baths
4
Full Baths
6,943
SqFt
$127
/SqFt
1945
Built
Subdivision:
Oak Cliff Original
County:
Dallas

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506 N Lancaster Avenue 4506 N Lancaster Avenue 4506 N Lancaster Avenue 4506 N Lancaster Avenue 4
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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.

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Listing Snapshot
Price 
$880,000
Days On Site 
0 Days
Bedrooms 
6
Inside Area (SqFt) 
6,943 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.1594 Acres
Year Built 
1945
MLS® Number 
21229843
Status 
Active
Property Tax 
$13,902
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS®
5 hours agoListing first seen on site
General Features
Acres 
0.1594
Foundation 
Pillar/Post/Pier
Levels 
Two
Parking 
Additional ParkingConcrete
Parking Spaces 
7
Property Sub Type 
Quadruplex
Security 
Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6943
Utilities 
Cable Available
Interior Features
Appliances 
DishwasherDisposalElectric CooktopElectric OvenElectric RangeElectric Water HeaterGas CooktopGas OvenGas RangeMicrowaveRefrigeratorTankless Water Heater
Cooling 
Central AirElectric
Flooring 
Vinyl
Heating 
CentralElectricNatural Gas
Interior 
Kitchen IslandOpen FloorplanPantryWalk-In Closet(s)
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Exterior Features
Exterior 
BalconyPrivate Entrance
Fencing 
Front YardWood
Patio And Porch 
Covered
Roof 
Shingle
Community Features
Financing Terms Available 
1031 ExchangeCashConventionalFHAVA Loan
School District 
Dallas ISD
Schools
School District
Dallas ISD
Elementary School
Bowie
Middle School
Garcia
High School
Adamson
Listing courtesy of Tiffany Turincio of Kimberly Adams Realty [email protected]



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-04-27 04:32 AM CDT

Neighborhood & Commute
Source: Walkscore
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