For Auction

REO Sale: Green House Portfolio | Dallas MSA | 103-Units

5200 Gaston Avenue, 5121 Gaston Avenue, 5310 Gaston Avenue, & 5119 Junius Street,
Dallas, TX 75214

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
Garden
Multifamily Subtype
1955-1962
Year Built
2.76 Acres
Land Area
103 Units
Unit Count
765 SF
Average Unit Size
82,523 SF
Property Size
40%
Occupancy

Offering Summary

Investment Highlights

  • Priced Well Below Replacement Cost Basis: Sponsors can acquire the Greenhouse Portfolio at a discount to new construction pricing.
  • Four-Asset, 103-Unit Dallas Portfolio: Adjacent properties in Old East Dallas offer scale, shared management, and efficiency.
  • Value-Add Upside Above $1,560 Per Unit: Nearby renovated comps post rents over $1,560 per unit after targeted interior upgrades.
  • Prior $160K-Per-Unit Trade Signals Exit: The portfolio last sold above $160,000 per unit in 2022, framing renovated exit value.
  • No New Supply Within a Two-Mile Radius: Zero competing communities are set to deliver within 2 miles over the next 36+ months.
  • Steps From Baylor Medical and the TXSE: Residents sit under 10 minutes from Baylor's 1,200-bed campus and the new Texas Stock Exchange.


Offering Summary

Brokered by Colliers and powered by RealINSIGHT Marketplace, the Greenhouse Portfolio is a 103-unit, four-property multifamily offering in Dallas' affluent Old East Dallas submarket, priced well below replacement cost. The four assets sit near one another, allowing a buyer to execute a single strategic renovation and stabilization program across the portfolio to capture substantial top-line revenue upside; nearby renovated communities are already achieving rents above $1,560 per unit with targeted interior upgrades. The portfolio last traded above $160,000 per unit in 2022, underscoring meaningful upside potential on a repositioned exit. No new communities are slated to deliver within a two-mile radius over the next 36-plus months, limiting concessionary pressure and preserving runway for rent growth. The submarket itself is a differentiator: households within a quarter-mile average $127,050 in annual income and $632,800 in home value, and residents are minutes from the 1,200-bed Baylor University Medical Center (5,000+ jobs), the new Texas Stock Exchange, Southern Methodist University, and Fortune 500 headquarters in Downtown Dallas. With DFW the fastest-growing major market in the country since 2020, the Greenhouse Portfolio offers a rare combination of in-place value, immediate upside, and irreplaceable location.

Due Diligence

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Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

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Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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Auction Opens In
58d 22h 20m 16s
$2,000,000
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Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.