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204-Unit Multifamily Community in Dallas
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9764 Webb Chapel Rd, Dallas, TX 75220

Multifamily community with value-add potential in Dallas, Texas.

Property Size147,799 SF
Days on Market149

Property Features for 9764 Webb Chapel Rd

General Information

Standard status Active
Size 147,799 SF
Property subtype Multifamily
Occupancy 91%

Amenities

Significant CapEx Already Carried Out with Over $4.08 Million in Improvements
Long Term Ownership – Current Owner Has Owned the Property for 10+ Years
New Income Streams – 9 Additional Ways to Improve Income
Attractive Financing Options Available – Assumable 3.25% Loan, Over 4.5 Years Remaining

Building Details

Building Size 147,799 SF
Units 204
Listing Agency: Dallas Office
Listed By: Wesley Racht · License #License(s): TX: 633414, TX: 9010261
Source: Marcusmillichap
Added: Apr 11 Changed: Sep 3 Last Checked: Sep 5 at 3:41AM

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 Dallas Office

Investment Insights

Based on property information with market context.

Chapel Brook is a multifamily community built in 1969, featuring 204 units and located in Dallas, TX. The property presents opportunities for value creation through unit renovations, with potential rent premiums of $100 to $275 monthly. Remediation of water leaks can reduce operating costs, and boiler replacement can improve long-term efficiency. Additional upside includes implementing water conservation measures, reactivating the laundry facility to generate approximately $49,000 annually, shifting electricity costs directly to residents, and creating reserved parking revenue. The property has branding potential, as it currently lacks an online presence, offering new ownership the opportunity to capture untapped renter demand.

Key Highlights

  • Opportunity to increase rents by $100–$275 monthly through unit renovations.
  • Potential to generate ~$49,000 annually by reactivating the laundry facility.
  • Opportunity to reduce operating costs by remediating water leaks.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby

Demographics for 75220, TX

39,627
Population
15,589
Households
2.5
Avg Household Size
32
Median Age
23%
College-Educated
61%
High-School Grad
11.3 sq mi
ZIP Area
3,507
Density / Sq Mi
$57,787
Median Household Income
$33,127
Median Earnings
$1,164
Median Rent
$449,500
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 - Multifamily community with value-add potential in Dallas, Texas.
Where is this apartment building located?
The property is located at 9764 Webb Chapel Rd Dallas, TX.
What are key features of this property?
This property features: Opportunity to increase rents by $100–$275 monthly through unit renovations.; Potential to generate ~$49,000 annually by reactivating the laundry facility.; Opportunity to reduce operating costs by remediating water leaks.
More about this property
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