Paragon Realtors Real Estate

5200-5210 Reiger AvenueDallas, TX 75214Price: $1,595,000

  • Price: $1,595,000
  • Est. Mortgage of $/month
  • 57 Days on Market
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Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,595,000List Price
  • 1.16Acreage

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Listed by Harris Arnhart of Perry Guest Company (314-724-5734)
Located in Munger Place Historic District, one of the most desirable historic neighborhoods in East Dallas, this offering presents a rare opportunity to acquire four contiguous properties spanning an entire city block-totaling over 50,000 square feet of land. The portfolio consists of four buildings currently operating as a rooming house with 50 rooms, with an on-site manager in place. Current rents range from $550-$650 per month, providing immediate in-place income with operational upside. This is a highly flexible investment with multiple exit strategies in a high-demand submarket. *This is being sold AS-IS *Properties cannot be torn down, they are contributing to the neighborhood *Renovation-Redevelopment available that contributes to neighborhood

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Based on information submitted to North Texas Real Estate Information Services as of June 9, 2026 8:30 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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