1 / 218-Unit Multifamily in Dallas, TX
Dallas County, TX · listed Feb 3, 2026 (267 days)
▼ Reduced 10.1% on Sep 28, 2026, was $995,000
- $/unit
- $111,875
- ▲ 12% vs TX · 57th pct
- Cap rate
- 7.5%
- ▲ 0.2 pts vs TX median
- NOI
- $91K
- $11,343/unit/yr
- Units
- 8
- 1 bldg · 1961
Financials
- Asking price
- $895,000
- Price per unit
- $111,875
- Price per sq ft
- $112
- Gross rent / year
- $160,120
- Net operating income
- $90,742
- NOI per unit
- $11,343
- Cap rate
- 7.5%
- Gross yield
- 17.9%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- four (4) 4-bedroom units and four (4) 3-bedroom units
- Buildings
- 1
- Year built
- 1961
- Building size
- 8,000 sq ft
- Avg unit size
- 1,000 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 3, 2026
- Days on market
- 267 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 28, 2026: $995K → $895K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1417
About this property
2718 Cleveland is an 8-unit value-add multifamily opportunity located in The Cedars, a rapidly transforming neighborhood just south of Downtown Dallas and Deep Ellum. The property benefits from immediate access to major employment centers, entertainment districts, and ongoing neighborhood reinvestment.
The asset features rare, oversized unit layouts comprised of four (4) 4-bedroom units and four (4) 3-bedroom units, positioning the property to serve strong family and roommate demand within an infill urban submarket.
The investment offers a clear value-add business plan, including interior renovations to drive rent growth, property tax appeals to reduce expenses, and the opportunity to shift electricity to tenant responsibility, aligning operating costs with market standards and increasing NOI.
With its irreplaceable Cedars location, unique unit mix, and multiple paths to income growth, 2718 Cleveland presents an attractive opportunity for investors seeking durable cash flow with meaningful upside in a high-growth Dallas submarket.
Multifamily | 8 Units | $111,875/unit
Highlights
Value Add
Cash Flow Postive
Land Cover Play
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
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