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High yieldValue-add
$1,150,000
10-Unit Multifamily in Dallas, TX
TX · listed Oct 12, 2026 (16 days)
Price per unit compared
This property$115K
Within ~40 mi (145)$133K
Texas median (1,196)$92K
- $/unit
- $115,000
- ▲ 25% vs TX · 64th pct
- Cap rate
- 7.4%
- ▲ 0.0 pts vs TX median
- NOI
- $85K
- $8,500/unit/yr
- Units
- 10
Financials
- Asking price
- $1,150,000
- Price per unit
- $115,000
- Price per sq ft
- Not stated
- Gross rent / year
- $189,600avg rent × units
- Net operating income
- $85,000
- NOI per unit
- $8,500
- Cap rate
- 7.4%
- Gross yield
- 16.5%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- 7 × 2BR/2BA and 3 × 3BR/2BA
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 12, 2026
- Days on market
- 16 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 2071
About this property
Rare opportunity to acquire 10 condos | 7 Leased | $115K/Door | Off-Market Dallas
📍 Country Creek Condominiums | Dallas, TX 75236
- 7 × 2BR/2BA and 3 × 3BR/2BA
- $1,150,000 for all 10 units
Why it works:
- Income from day one: 7 of 10 units are leased
- Projected cash flow: ~$710/month net per unit, ~$85K/year NOI, ~7.4% cap rate (at $1,580 rents)
- Rent upside: leases in the complex have closed as high as $1,800/month
- Buy below market: similar units are listed at $129K–$144K, so this is ~$185K under combined list prices
- 3 additional units are vacant and ready to lease
- Flexible exit: hold, sell units individually, or complete a 1031 exchange
It’s off-market and available now. Rent roll available to serious buyers.
Contact me for more details or to discuss this opportunity.
Corbin Carpenter, REALTOR® 📞 ✉️ NextHome Property Advisors
Location
Somewhere in Dallas. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Dallas, TX NewValue-add | $1.2M | $120K$120K | — |
| Dallas, TX Vacant | $450K | $50K$50K | — |
| Dallas, TX | $6.1M | $610K$610K | 6% |
| Dallas, TX Value-add | $900K | $113K$113K | — |
| Dallas, TX Stabilized | $3.5M | $152K$152K | — |
| Dallas, TX Vacant | $450K | $50K$50K | — |