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Renovated 15-Unit Apartment Community
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1140 Co Rd 315, Rainbow, TX 76077

Riverside Cottages is a newly renovated 15-unit multifamily property with one- and two-bedroom layouts and updated exterior improvements.

Property SizeContact for details
Lot Size3.82 Acres
Days on Market124

Property Features for 1140 Co Rd 315

General Information

Standard status Active
Lot size 3.82 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 15

Amenities

washers and dryers in unit
covered parking
front porches
Listing Agency: Colliers - Dallas, Texas
Listed By: Todd Franks · License #TX 479935
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 4:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Dallas, Texas

Investment Insights

Based on property information with market context.

Riverside Cottages is a newly renovated 15-unit apartment community in Rainbow, Texas. The property was built between 1996 and 2008 and is arranged across 12 one- and two-story buildings with updated hardie board siding and pitched metal roofs.

Units feature spacious one- and two-bedroom floor plans with cement flooring, fully equipped kitchens, jack-and-jill bathrooms, two-tone paint, ample cabinet space, modern light fixtures, and vaulted ceilings. Amenities vary by unit and may include in-unit washers and dryers, covered parking, and front porches.

The community is set on 3.82 acres and offers a multi-building configuration suitable for tenants seeking in-unit and community amenities within an updated, residential income environment.

Key Highlights

  • 15‑unit multifamily community in Rainbow, TX with one- and two‑bedroom floor plans.
  • Built between 1996–2008 and set on 3.82 acres.
  • Includes 12 one- and two‑story buildings with updated hardie board siding and pitched metal roofs.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

Demographics for 76077, TX

555
Population
239
Households
2.3
Avg Household Size
48
Median Age
18%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
60
Density / Sq Mi
$199,500
Median Household Income
$44,545
Median Earnings
$576,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Riverside Cottages is a newly renovated 15-unit multifamily property with one- and two-bedroom layouts and updated exterior improvements.
Where is this apartment building located?
The property is located at 1140 Co Rd 315 Rainbow, TX.
What are key features of this property?
This property features: 15‑unit multifamily community in Rainbow, TX with one- and two‑bedroom floor plans.; Built between 1996–2008 and set on 3.82 acres.; Includes 12 one- and two‑story buildings with updated hardie board siding and pitched metal roofs.
More about this property
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