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Texas>Dallas>Botello

506 N Lancaster Avenue Dallas, Texas 75203

For Sale

$880,000

Smart Buyer Rebate $8,800

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.

Listed by Tiffany Turincio

·

Kimberly Adams Realty

·

817-513-4708

Last updated April 27, 2026

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Source: NTREIS #21229843

Listing Facts

  • TypeMulti-family
  • NeighborhoodBotello
  • Bedrooms6
  • Bathrooms4
  • Days on Prevu4
  • Size3,744 sqft
  • Price per sqft$235

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

04/26/2026
Listed by Kimberly Adams Realty
$880,000

Property Details for 506 N Lancaster Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Shingle
  • Year Built: 1945
  • Year Built Details: Preowned
  • Construction Materials: Siding
  • Exterior Features: Balcony, Covered Patio/Porch, Private Entrance

Features

  • Fencing: Front Yard, Wood
  • Patio And Porch Features: Covered

Measurements

  • Building Area Total: 3,744
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,943
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 6,943
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 00000250228000000

Interior

Features

  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Flooring: Luxury Vinyl Plank
  • Interior Features: Cable TV Available, Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Walk-In Closet(s)

Measurements

  • Living Area: 3,744

Rooms

  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6

Other

Location

  • Subdivision Name: Oak Cliff Original
  • Tax Block: 61
  • Tax Lot: 1

Parking

Parking

  • Parking Features: Additional Parking, Concrete

Schools

Elementary School

  • Elementary School: Bowie

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Heating: Central, Electric, Natural Gas
  • Utilities: City Sewer

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 6 bedrooms and 4 bathrooms in this multi-family home at 506 N Lancaster Avenue .

What schools are nearby to 506 N Lancaster Avenue ?

Nearby schools include the Bowie Elementary School.

How does 506 N Lancaster Avenue compare to other multi-family homes in Botello?

This multi-family home is listed 39% above the average price for multi-family homes in Botello and has been on the market for 72 less days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the N/A building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,744 sqft.

506 N Lancaster Avenue is a 6-bedroom, 4-bath multi-family home for sale in Dallas Texas 75203. Available on Prevu for 4 days at $880,000. This home features 3,744 square feet of living space, located in Botello. The median listing price for multi-family homes in this area is $528,000. Nearby schools include Bowie Elementary School. Additional amenities include private outdoor space, dishwasher, pets allowed, air conditioning, and parking. Explore more multi-family home listings in Dallas.

Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.