7303 Lakewood Blvd, Dallas, TX 75214

List Price
$1,600,000
MLS#
20915820
Status
ACTIVE
Type
Multifamily
Subtype
ResidentialIncome
Year Built
1937
Construction Status
Preowned
Bedrooms
7
Full Baths
5
Half Baths
1
Acres
0.21
County
Dallas
City
Dallas
Subdivision
Lakewood Blvd Add
Building Name
Lakewood/Delrose

Property Description

Discover a RARE OPPORTUNITY in the heart of Lakewood—a thoughtfully updated tri-plex while preserving its timeless character. This versatile property is currently configured as a 3-unit residence with 7 bedrooms, 5 bathrooms, and 3 full kitchens, along with 2 formal living rooms and 2 dining rooms. From a cozy 2 bedroom, with Murphy bed, to spacious 2- and 3-bedroom layouts, each unit offers unique charm, featuring original hardwood floors, cast stone fireplace mantels, elegant cabinetry, vaulted or cove ceilings, and expansive windows that fill the home with natural light. The second-floor unit includes a charming balcony with peek-a-boo views of White Rock Lake—perfect as a dining or morning coffee space. A separate, approx. +1,600 sq ft (per owner) two-story guest quarters adds flexibility with a modern kitchen, open-concept living room, built-in office, and 2 car garage. Outside, you'll find new privacy fencing, and lush landscaping—all contributing to incredible curb appeal. Located just one block west of White Rock Lake, this property sits on a prime corner lot at Delrose & Lakewood. With Neighborhood Services zoning, the possibilities are endless: convert to a single-family estate or continue as a charming rental investment. This historic Lakewood treasure is a one-of-a-kind opportunity to own a piece of East Dallas history. All three units are currently leased at 7303- Upper Unit $2,650, 7301- Lower Unit $2,850, and 7301- Back House $2,850 per month. The lower unit is leased through Fall 2025, while the upper and back units are leased through March and April 2026, respectively.

Additional Information

Unexempt Taxes
$24,578
Lot Size
9,016
Acres
0.21
Interior Features
Cedar Closets, Vaulted/Cathedral Ceilings, Granite Counters, High Speed Internet, Natural Woodwork
Flooring
Concrete, Ceramic, Hardwood
Foundation
Pillar/Post/Pier, Slab
Roof
Spanish Tile
Stories
2
Pool Features
None
Parking Garage
Garage, Garage Door Opener, Off Street
School District
Dallas Isd
Elementary School
Lakewood
Middle School
Long
High School
Woodrow Wilson
Possession
ClosePlus30To60Days, ClosePlus60To90Days
Possession
ClosePlus30To60Days, ClosePlus60To90Days

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Christine Feustel from Compass RE Texas, LLC. Contact: