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$880,000
0.16± Acres
Active
Dallas County, TX
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506 Lancaster, Dallas, Texas

MLS ID: 21229843
Status: Active
Price: $880,000
Acres: 0.16±
Type: Fourplex, Residential
Address: 506 Lancaster
City, State: Dallas, TX
County: Dallas County
ZIP Code: 75203
Lat/Long: 32.75412, -96.813863
Parcel Number: 00000250228000000
Bedrooms: 6
Bathrooms: 4
SqFt: 6,943
Year Built: 1945

Description

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.

Directions: from 30 exit 8th street. Drive .4 miles and make a left on E Eighth St. Drive .3 miles and make a right on Lancaster Ave.

Additional Information

Interior

Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Bathrooms Full: 4
Building Area Total: 6,943
Cooling (Yes/no): Yes
Cooling: Central Air, Electric
Flooring: Luxury Vinyl Plank
Heating (Yes/no): Yes
Heating: Central, Electric, Natural Gas
Interior Features: Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Cable Tv, Walk In Closets

Exterior

Exterior Features: Balcony, Private Entrance
Fencing: Front Yard, Wood
Foundation Details: Pillar Post Pier
Lot Size Area: 6,943
Lot Size Source: Appraiser
Lot Size Square Feet: 6,943
Lot Size Units: Square Feet
Parking Features: Additional Parking, Concrete
Parking Total: 7
Patio and Porch Features: Balcony, Covered
Roof: Shingle
Stories: 2

Financial/HOA/Schools

Elementary School: Bowie
Elementary School District: Dallas ISD
Middle School: Garcia
Middle School District: Dallas ISD
High School: Adamson
High School District: Dallas ISD
Subdivision Name: Oak Cliff Original
Tax Annual Amount: 13902

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21229843

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 1, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: May 1, 2026 at 12:00:00 AM UTC

Listed By: Tiffany Turincio of Kimberly Adams Realty