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Days76Days on Market
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$3,250,000

5317 Reiger Avenue, Dallas, TX, 75214

On MarketInfo
Beds15 Beds
Baths14 Bath
Baths9,472 Sq Ft
Year BuiltBuilt in 2025

Highlights

Interior

Bedrooms 15Bedrooms 15
Bathrooms 14Bathrooms 14
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Range, Refrigerator, Washer
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesBalcony, Dog Run
Lot Size12,800 sqft

Building Information

Year Built2023
Stories3
Garage Spaces10

Land Information

APN00000156688000000
Lot Number5
SubdivisionAppel & Harpers Subdivision
Land UseResidential
Legal DescriptionAPPEL & HARPER'S BLK 1493 LT 5 INT202100183132 DD06182021 CO-DC 1493 000 00500 1DA1493 000
Census Tract001302
Assessed Land Value$256,000
Assessed Improvement Value$643,000
Assessment Year2025

About this property

Introducing The Reiger, a newly constructed, boutique 14-unit multifamily community ideally positioned in one of East Dallas’ most dynamic and walkable neighborhoods—just outside the Junius Heights Historic District. This best-in-class asset combines modern design, efficient unit layouts, and a highly desirable lifestyle location that continues to see strong demand from renters seeking proximity, character, and convenience. The property is minutes from Lower Greenville and the Henderson Avenue corridor, offering a growing mix of dining, retail, and entertainment options. Lakewood is just a short drive or bike ride away, with Whole Foods Market, Mi Cocina, Bowlski’s at the Lakewood Theater, and numerous neighborhood favorites providing daily conveniences and destination experiences alike. Designed as a high-end multifamily offering, The Reiger appeals to today’s renter profile seeking modern finishes, new construction quality, and a prime East Dallas address—positioning the asset for strong leasing performance and long-term value appreciation.

Investor Tools

$918,341Estimated Mortgage Balance
$47,659Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,500 /month
Positive
Cash Flow Estimate:
$6,500 /month

Interested in this property?

Harris Arnhart

Perry Guest Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,071/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,018
$899,000
2025
$256,000
$643,000
$899,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$20,018
$899,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Graham Mortgage
Loan Amount Keyed Is An Aggregate Amount
$1,000,000
No
First
Feb 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$918,341
$47,659
4%
95%
$5,996/mo

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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5317 Reiger Avenue | Property Details | No Agent List