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5315 Colonial Avenue
Dallas, TX 75215
today NEW · Active
$326,000
$194 / Sqft
6
Beds
2
Baths
1,680
Sqft
0.16
Acres
2020
Yr. Built
MLS# 21429116
Cumulative Days on Market: 1 · Includes prior listings · Currently listed since 11/08/26 · Data provided by the MLS.

Property Description

Excellent Turnkey Investment Opportunity in South Dallas

Fully renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors seeking rental potential and long-term appreciation in South Dallas. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address, offering the potential for multiple income streams and efficient property management.

Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed, giving the next owner the opportunity to introduce tenants to freshly updated living spaces without assuming existing lease obligations.

Conveniently located in the South Dallas-Fair Park corridor, the property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Continued public and private investment throughout the area adds to the property's appeal for investors looking toward future growth and appreciation.

Whether expanding an existing rental portfolio, completing a 1031 exchange, or acquiring a recently renovated multifamily property, this duplex offers an attractive combination of substantial improvements, flexible investment potential, and a convenient Dallas location. Schedule your showing today and explore the possibilities this turnkey investment property has to offer!

Property Highlights

Property Type
Residential Income
Property Sub Type
Duplex
Bedrooms
6
Total Bathrooms
2
Living Area
1,680
Price / Sqft
$194
Acres
0.16
Year Built
2020
Condition
Resale
Cumulative Days on Market
1

Location

City/Township
Dallas
Subdivision
Ervay Place
County
Dallas

Location

Complex Name
-

Property Details

Price
$326,000
Condition
Resale
Property Type
Residential Income
Property Sub Type
Duplex

Building

Levels
One
Stories For Sale
1
Total Area
1,680

Community

Local Schools

Elementary School
Dunbar
Middle School
Dade
High School
Madison
School District
Dallas ISD

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
2
Full Bathrooms
2
Bedrooms
6

Area and Spaces

Living Area
1,680
Number of Units
2

Appliances

Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave

Interior Features

Interior Features
High Speed Internet
Flooring
Tile
Security Features
Fire Alarm

Heating and Cooling

Heating Features
Electric

Building Details

Construction

Year Built
2020
Foundations
Slab

Materials

Construction Materials
Wood Siding
Roof
Composition

Terms

Terms

Special Terms
Cash, Conventional, FHA, Va Loan
Cumulative Days on Market
1

Taxes

Tax

Tax (Annual)
$9,066

Heating, Cooling & Utilities

Cooling Features
Electric

Utilities

Utilities
Electricity Available, Sewer Available, Water Available
Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.16
Lot Size
0.16
Lot Size Area Sq Ft
7,013.16

Parking

Total Parking Spaces
2
Parking Features
Driveway

Pool Features

Pool Features
None
Listed by Vanessa Brandt, Redfin Corporation
Listing Data last updated 11/07/2026 11:40 pm
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Property History

Today
Property information last updated
Today
Status Active. This is the most recent date the listing was placed on market.
Cumulative Days on Market: 1 day (includes prior listings) · Currently listed since November 8, 2026. Data provided by the MLS.

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