5316 Columbia Ave Dallas, TX 75214

Price drop with motivated seller offering $5,000 to buyer toward closing costs! Investment Opportunity in East Dallas - Prime Location Near Lakewood & Santa Fe Trail. Up to a $4500 lender credit! Don't miss this rare opportunity to own a fully functional, income-producing duplex in one of East Dallas' most desirable neighborhoods. Located just minutes from Lakewood, the Santa Fe bike trail, and a wide variety of shops and restaurants, this property offers both convenience and potential. The duplex features a total of 4 bedrooms, 4 full baths, and 2 half baths, with separate living areas on each side. Both units include wood-burning fireplaces, creating a cozy atmosphere, and offer the benefit of two single-car garages—one for each unit. Each side also boasts private fenced-in patios with lush grass, ideal for outdoor relaxation. Individual lease price is $1950. Unit 5316 is currently occupied with lease ending 3-31-25. Unit 5314 is vacant and move-in ready, providing the flexibility to live in one side while generating income from the other. Additionally, both sides of the duplex are available for individual purchase, giving you flexibility in your investment strategy. Whether you’re an owner-occupant or investor, this property offers a unique opportunity in a high-demand area. Take advantage of this fantastic East Dallas investment—schedule your tour today! **Seller is doing 1031 exchange at no cost to buyer** Square footage is taken from tax records. Buyer to determine each side prior to purchase.