Barcelona

5820 Reiger Avenue, Dallas, TX 75214

Ownership has recently completed a partial renovation of Barcelona in Summer 2024. This initiative began with the decision to fully replace the main gas line instead of opting for repairs, ensuring long-term reliability. Seizing this opportunity, ownership also undertook a modest interior update. This included replacing window units with mini-splits for a modern aesthetic and increased natural light. Some unit bathrooms were renovated to feature standing showers with glass dividers. Additionally, each unit’s patio received new furniture, umbrellas, and artificial grass for a vibrant and inviting outdoor space. These improvements allowed management to increase rents by as much as $110/month, or roughly 10%.

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Attachments

Highlights

  • Prime Location: Barcelona is centrally located in Old East Dallas, offering easy access to Downtown Dallas, major highways, and popular neighborhoods like Deep Ellum and Lakewood.
  • Investment Potential: Recent partial renovations include gas line replacement, new mini-split systems, and upgraded patios, increasing rents by up to 10%. Full interior renovations present further value-add opportunities.
  • Strong Submarket: Old East Dallas is seeing rising property values and rental demand and second highest rent growth in Dallas with 4.9% YoY, attracting professionals and young families to its charming, high-demand neighborhoods.
  • Excellent Walkability: Close to the Santa Fe Trail, White Rock Lake, and Lakewood, the area offers both urban convenience and access to outdoor activities.
  • Financing Opportunity: The property is free of existing debt and may qualify for tax credits for future updates, making it a financially attractive option for investors.

Contacts

broker

Todd Franks

GREA

broker

Craig Jasso

GREA

broker

Esther Cho

GREA

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Transit Score ®

    26/100 Some Transit

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Dallas, TX
  • Neighborhood Lower Greenville
  • Zip Code 75214
  • Market Dallas Fort Worth

Points of Interest

  • White Rock

    2.55 miles

  • Blackburn

    2.68 miles

  • Cityplace West & Noble

    2.71 miles

  • Cityplace West & McKinney

    2.73 miles

  • Cole & West Village

    2.80 miles

  • McKinney & Lemmon

    2.88 miles

  • Fair Park

    2.97 miles

  • McKinney Plaza

    3.01 miles

  • Baylor University Medical Center

    3.05 miles

  • Cole & Bowen

    3.09 miles

  • 7-Eleven

    0.90 miles

  • Exxon

    1.09 miles

  • eVgo

    1.19 miles

  • 7-Eleven

    1.34 miles

  • Shamrock

    1.38 miles

  • Alon

    1.47 miles

  • QuikTrip

    1.73 miles

  • Valero

    1.85 miles

  • Texaco

    1.91 miles

  • Exxon

    2.00 miles

  • Moody Parking Garage

    2.01 miles

  • Binkley Parking Garage

    2.05 miles

  • Buckner Park Lot

    2.14 miles

  • Airline Parking Center

    2.29 miles

  • Dallas Arboretum Parking

    2.43 miles

  • Daniel Parking Center

    2.49 miles

  • Residence Parking

    2.50 miles

  • DTS Commuter Lot

    2.53 miles

  • Residence Parking

    2.59 miles

  • Platinum Park

    2.91 miles

  • Highland Hotel

    1.65 miles

  • The Beeman Hotel

    1.71 miles

  • La Quinta Inn

    1.92 miles

  • Best Western

    2.11 miles

  • Quality Inn & Suites Dallas-Cityplace

    2.14 miles

  • The Lumen

    2.31 miles

  • Palace Suites Dallas

    2.38 miles

  • DoubleTree

    2.84 miles

  • Home2 Suites by Hilton Dallas Downtown at Baylor Scott & White

    2.85 miles

  • Hyatt House Dallas/Lincoln Park

    2.87 miles

  • Chipotle

    0.50 miles

  • Big Shucks

    0.88 miles

  • Jack in the Box

    0.91 miles

  • Domino's

    0.97 miles

  • Snap Kitchen

    0.99 miles

  • Charlie's Creole Kitchen

    1.11 miles

  • Subway

    1.12 miles

  • Tacos Mariachi

    1.14 miles

  • Gloria's Restaurant

    1.14 miles

  • Hinodeya

    1.14 miles

  • Lakehill Preparatory School

    0.27 miles

  • Saint Thomas Aquinas Catholic Church and School

    0.56 miles

  • Lakewood Elementary School

    0.61 miles

  • Geneva Heights Elementary

    0.77 miles

  • Mockingbird Elementary School

    1.14 miles

  • William Lipscomb Elementary School

    1.16 miles

  • J L Long Middle School

    1.21 miles

  • Woodrow Wilson High School

    1.22 miles

  • John F Kennedy Learning Center

    1.54 miles

  • Solar Preparatory STEAM School for Girls

    1.71 miles

  • Swiss Learning Center

    2.60 miles

  • Parent Day Out

    3.71 miles

  • Lil Rascals Learning Center

    6.52 miles

  • Little Rascals II Daycare & Learning Center

    6.78 miles

  • Cornerstone Learning Center

    7.61 miles

  • Little Scholars Academy

    8.08 miles

  • Handprints Academy

    8.19 miles

  • Jerry Junkins Head Start

    9.26 miles

  • Kids Central

    9.32 miles

  • Apple Tree Christian Academy

    9.66 miles

Frequently Asked Questions

How much does Barcelona cost?

The sale price for Barcelona is available upon request. Contact the listing broker for more information.

What is the total square footage of Barcelona?

Barcelona totals 6,300 square feet.

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