1 / 521-Unit Multifamily in Dallas, TX
TX · listed Jun 8, 2026 (142 days)
- $/unit
- $47,619
- ▼ 52% vs TX · 4th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 21
- 1963
Financials
- Asking price
- $1,000,000
- Price per unit
- $47,619
- Price per sq ft
- $71
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 21
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1963
- Building size
- 14,100 sq ft
- Avg unit size
- 671 sq ft
- Lot size
- 0.39 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 8, 2026
- Days on market
- 142 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2049
About this property
The Henley presents a rare value-add and redevelopment opportunity in one of Dallas' most dynamic urban corridors—East Dallas / Knox-Henderson, just minutes from Uptown and Downtown. This asset offers investors the ability to capitalize on accelerating neighborhood transformation and premium rental demand driven by proximity to employment, entertainment, and lifestyle amenities. Opportunity to raze and redevelop or continue renovation.
Situated in a highly walkable, infill location, The Henley benefits from immediate access to Henderson Avenue, Lower Greenville, and the Knox District—three of Dallas' most sought-after retail and dining destinations. Its proximity to major employment hubs including Downtown Dallas, Uptown, and Baylor Scott & White Medical District supports sustained renter demand and long-term appreciation.
Dallas continues to experience robust population and job growth, making it one of the top-performing multifamily markets nationally. The East Dallas submarket in particular benefits from high occupancy and rent growth trends, limited availability of well-located redevelopment sites, and increasing demand from young professionals seeking urban, amenity-rich environments.
With rising land costs, increasing construction expenses, and limited infill availability, opportunities like The Henley are increasingly scarce. Investors can secure a foothold in a high-barrier-to-entry location with strong long-term appreciation potential driven by continued urban migration and redevelopment activity.
Multifamily | 21 Units
Highlights
- Units are Individually Metered for Electricity
- Located in the Re-Gentrifying Submarket of East Dallas (Avg 1-Mile HH Income is $120K)
- Minutes from Downtown Dallas
- DART-Public Transportation Within Immediate Area
- High occupancy and rent growth trends
- Limited availability of well-located redevelopment sites
- Increasing demand from young professionals seeking urban, amenity-rich environments
- Comprehensive interior/exterior repositioning to achieve market rents
- Unit reconfiguration or expansion to enhance revenue per square foot
- Potential long-term redevelopment into higher-density multifamily, capitalizing on favorable zoning and surrounding densification trends
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Dallas, TXNewStabilized | $3.05M | $436K$436K | 6% |
| Dallas, TX Stabilized | $3.5M | $152K$152K | — |
Dallas, TXNewNew construction | $12.9M | $538K$538K | — |
Dallas, TXNewStabilized | $2M | $400K$400K | — |
Dallas, TXNew | $5M | $500K$500K | — |
Dallas, TXValue-add | $1.2M | $120K$120K | — |




