For Auction

REO Sale: Gaston Avenue 4-Pack | Value-Add Repositioning

5808 Gaston Avenue, 5727 Gaston Avenue, 5908 Gaston Avenue, 5601 Gaston Avenue,
Dallas, TX 75214

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
Garden
Multifamily Subtype
1959-1962
Year Built
4
Building Count
3.04 Acres
Land Area
108 Units
Unit Count
749 SF
Average Unit Size
92,842 SF
Property Size
23%
Occupancy
Occupancy As Of
Lease-Up
Investment Profile

Investment Highlights

108-Unit East Dallas Multifamily 4-Pack
London, Stardust, The Plaza and The Villas offered together, consolidating four assets in one sale.
Lease-Up Upside Across 83 Vacant Units
About three-quarters of the portfolio is down, offering a clear path to grow income via lease-up.
Value-Add Repositioning Across Four Assets
Returning down units to a rent-competitive level lets a new owner reset income across the portfolio.
Right-Sized Assets From 18 to 36 Units
Four manageable properties let an operator phase renovation and lease-up one asset at a time.
Moderate Make-Ready Scope Across Portfolio
Most down units need paint, flooring and repairs rather than full rebuilds, limiting rehab risk.
DFW Ranks No. 2 for U.S. Population Growth
The Metroplex added over 123,000 residents in the year through July 2025, trailing only Houston.

Offering Summary

Brokered by SVN and powered by RealINSIGHT Marketplace, this 108-unit East Dallas portfolio brings together four multifamily assets offered as a single package: London (32 units), Stardust (36 units), The Plaza (22 units) and The Villas (18 units). The offering presents a value-add and lease-up opportunity, with 83 units currently vacant or down and the portfolio approximately 23% occupied as of September 2026. A March 2026 on-site inspection documented the down units and assigned each a condition level and make-ready scope, with costs validated by a third-party contractor. The majority of inspected units require paint, flooring and repairs rather than full interior rebuilds, keeping renovation scope manageable and measurable. Additional capital items identified across the portfolio include stairwell and walkway repairs, roofing, plumbing and electrical. Set within the Dallas-Fort Worth Metroplex, which added more than 123,000 residents in the year through July 2025, the portfolio offers investors scale, a defined capital plan and meaningful income growth potential through renovation and lease-up in one efficient transaction.

Due Diligence

Location

Concentrated along Gaston Avenue in Old East Dallas, the portfolio includes London at 5601 Gaston Ave and Stardust at 5727 Gaston Ave in the 75214 ZIP code. The assets sit minutes from Baylor University Medical Center and a short walk from the Knox-Henderson shopping district, with Fair Park Station about 2.5 miles away and Dallas Love Field roughly 7 miles to the northwest.

2.3 mi
To Baylor University Medical Center
2.5 mi
To Fair Park DART Station
7 mi
To Dallas Love Field

Transaction Managers

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com
Thomas Servantes
Marketplace
(800) 915-7015tservantes@realinsight.com
Yusuf Idris
Marketplace
(800) 915-7015yidris@realinsight.com

Platform Fee

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

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

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

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015
Auction Opens In
37d 14h 54m 55s
$2,000,000
Starting Bid
Register To Bid
Bidding Opens
Bidding Closes

Investment Sales Brokers

J. Scott Henderson
SVN | Trinity Advisors
TX License: 311140
(214) 808-4359scott.henderson@svn.com
Nicole Hatzenbuehler
SVN
TX License: 0783498
(817) 454-0051niki.hatzenbuehler@svn.com

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.