4503 Lake Avenue
Dallas, TX 75219
132
Units
1970
Year of Completion
Property
Highlights
- Site Address
- # of Units
- Residential NRSF
- Avg. Unit Size
- Site Size Acres (Per ALTA Survey)
- Total SF (Per ALTA Survey)
- Density
- Year of Completion (Per DCAD)
- # of Buildings
- Total Parking
- Parking Ratio
Investment
Highlights
Increasing Employment & Demand Generators
Strategically positioned near the recession-resistant Dallas Medical District, employment-dense Love Field Airport, and major transportation arteries (Dallas North Tollway and I-35E), Parea Oak Lawn is supported by a diversified, durable employment base that underpins consistent renter demand and strong long-term fundamentals.
Premier Oak Lawn/Uptown Rental Location
Located in Dallas’ highly coveted Oak Lawn/Uptown submarket, Parea Oak Lawn benefits from the submarket’s 93% occupancy, leading rental rates, and limited directly competitive new supply, as rising land and construction costs push new development toward higher-density mid- and high-rise product.
Attractive Assumable Financing from Current Owner
The current owner, Arbor Realty Trust, Inc., is positioned to provide competitive financing terms, enhancing both near-term cash flow and long-term investment returns.
Affluent, Amenity-Rich Neighborhood
Located in a highly walkable live-work-play environment (78 Walk Score) in the Oak Lawn/Turtle Creek/Uptown area, Parea Oak Lawn is surrounded by affluent residents (2025 median household income of $109,655, 38.9% above the Dallas average) and benefits from robust projected five-year population growth of 13.5% within a three-mile radius, significantly outpacing the broader city.
GALLERY
Contact
Dallas Office
5960 Berkshire Lane
Suite 1000
Dallas, TX 75225
Investment Advisors
CALEB JONES
Senior Director
[email protected]
501.952.1785
PAUL HARRIS
Senior Managing Director
[email protected]
214.232.8689
GREG SMITH
Senior Managing Director
[email protected]
817.313.7081
THAD WETTERAU
Senior Director
[email protected]
972.754.5420
Mortgage Banking
JOHN KOEIJMANS
Senior Managing Director
[email protected]
214.455.6483
JASON RICE
Managing Director
[email protected]
214.360.3811
NATHAN STONE
Managing Director
[email protected]
214.394.3444
ELI GERSHENSON
Managing Director
[email protected]
214.360.3814
CHRIS POLLARD
Managing Director
[email protected]
214.360.3839
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