MULTIFAMILYRADAR
21-Unit Multifamily in Dallas, TX, photo 11 / 5
Value-add
$1,000,000

21-Unit Multifamily in Dallas, TX

TX · listed Jun 8, 2026 (142 days)

Price per unit compared
This property$48K
Within ~40 mi (136)$138K
Texas median (1,029)$100K
$/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

PropertyPrice$/unitCap
7-Unit Multifamily in Dallas, TXDallas, TX
NewStabilized
$3.05M$436K6%
Dallas, TX
Stabilized
$3.5M$152K—
24-Unit Multifamily in Dallas, TXDallas, TX
NewNew construction
$12.9M$538K—
5-Unit Multifamily in Dallas, TXDallas, TX
NewStabilized
$2M$400K—
10-Unit Multifamily in Dallas, TXDallas, TX
New
$5M$500K—
10-Unit Multifamily in Dallas, TXDallas, TX
Value-add
$1.2M$120K—