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Value-Add Multifamily Apartment Community
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Pending

3245 Simpson Stuart Rd, Dallas, TX 75241

Apartment community built in 2000 with 32 buildings, diverse unit types, and extensive resident amenities plus grade-level parking.

Property SizeContact for details
Lot Size22.14 Acres
Days on Market124

Property Features for 3245 Simpson Stuart Rd

General Information

Standard status Pending
Total Parking Spaces 519
Lot size 22.14 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 180

Building Details

Year Built 2000
Listing Agency: Onyx Legacy Group
Listed By: Mark Allen CCIM · License #TX 589645
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 11 at 11:27AM

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 Onyx Legacy Group

Investment Insights

Based on property information with market context.

Homes of Persimmons is a multifamily apartment community built and placed-in-service in 2000. The property consists of 32 buildings and offers 180 total units distributed as 60 two-bedroom units, 80 three-bedroom units, and 40 four-bedroom units. Common area amenities include a swimming pool, playground, basketball court, picnic area, clubhouse, and a fitness center, along with a leasing center and onsite property manager.

The property provides 519 grade-level parking spaces and is situated on 22.14 acres. It is positioned near everyday conveniences including supermarkets, medical centers, pharmacies, high-frequency transportation hubs, schools, and public libraries. The remarks also note convenient access to downtown Dallas and major area employment and distribution corridors, including I-20 and I-45, with accessibility to Methodist Charlton Medical Center, The University of North Texas at Dallas, and Dallas Executive Airport.

In-unit features listed for the community include washer/dryer hook-ups, direct access to a one-car garage, and central air conditioning. The offering is described as 75% LIHTC and 25% market rate.

Key Highlights

  • Apartment community built and placed‑in‑service in 2000 with 32 buildings on 22.14 acres
  • Unit mix: 60 two‑bedroom units, 80 three‑bedroom units, and 40 four‑bedroom units
  • On‑site amenities include a swimming pool, playground, basketball court, picnic area, clubhouse, and fitness center

Property Analytics

Current Use

Marvallous Works Construction Construction Company Mischa King Weaves ... Hair Salon Smart Braids Hair Salon Homes of Persimmon Townhomes Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Building Supply

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

180
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby

Demographics for 75241, TX

32,944
Population
11,151
Households
3
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
25.3 sq mi
ZIP Area
1,302
Density / Sq Mi
$51,171
Median Household Income
$31,426
Median Earnings
$1,208
Median Rent
$162,900
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 - Apartment community built in 2000 with 32 buildings, diverse unit types, and extensive resident amenities plus grade-level parking.
Where is this apartment building located?
The property is located at 3245 Simpson Stuart Rd Dallas, TX.
What are key features of this property?
This property features: Apartment community built and placed‑in‑service in 2000 with 32 buildings on 22.14 acres; Unit mix: 60 two‑bedroom units, 80 three‑bedroom units, and 40 four‑bedroom units; On‑site amenities include a swimming pool, playground, basketball court, picnic area, clubhouse, and fitness center
More about this property
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