1 / 230-Unit Multifamily in Dallas, TX
Dallas County, TX · listed Oct 8, 2026 (20 days)
- $/unit
- $28,333
- ▼ 72% vs TX · 1st pct
- Cap rate
- —
- NOI
- $76K
- $2,517/unit/yr
- Units
- 30
- 3 bldg · 1973
Financials
- Asking price
- $850,000
- Price per unit
- $28,333
- Price per sq ft
- $46
- Gross rent / year
- Not stated
- Net operating income
- $75,503
- NOI per unit
- $2,517
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 80%
As stated by the seller. Verify during due diligence.
Building
- Units
- 30
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1973
- Building size
- 18,605 sq ft
- Avg unit size
- 620 sq ft
- Lot size
- 0.72 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 8, 2026
- Days on market
- 20 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1637
About this property
Highlights
- 80% Occupied, Below Submarket Average
- R&M and Insurance Exceed Benchmarks
- 15 Units Remain for Interior Upgrades
- $496K Invested in Capital Improvements
- Steps From the Dallas Medical District
- Under Two Miles From Dallas Love Field
- Property Flyers
- Flyer - (address on request) - Dallas, TX
Highlights
80% Occupied, Below Submarket Average: Comparable properties within one mile average 92% occupancy, leaving clear lease-up upside.
R&M and Insurance Exceed Benchmarks: Repairs, maintenance, and insurance costs exceed benchmarks, offering a clear path to boost NOI.
15 Units Remain for Interior Upgrades: Completing the interior upgrade program could drive rent premiums of $100 to $125 per month.
$496K Invested in Capital Improvements: Ownership funded unit renovations, new electrical panels, exterior paint, and parking resurfacing.
Steps From the Dallas Medical District: Over 30,000 healthcare employees work nearby, anchored by UT Southwestern, Parkland, and Children's.
Under Two Miles From Dallas Love Field: Southwest Airlines' headquarters sits adjacent to the airport, anchoring the local job base.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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