Renovated Affordable Apartment
For Sale
Contact for pricing
Pending
7203 Great Trinity Forest Way, Dallas, TX 75217
Renovated affordable multifamily community with 24/7 on-site laundry, leasing office, and 19 buildings across 17.46 acres.
Property SizeContact for details
Days on Market124
Property Features for 7203 Great Trinity Forest Way
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Onyx Legacy Group
Listed By:
Mark Allen CCIM · License #TX 589645
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 12 at 6:28AM
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.
Ridge at Trinity Apartments is an affordable LIHTC multifamily asset built in 1970 and renovated between 2015 and 2019. The property includes 19 buildings on 17.46 acres, with stucco and brick exteriors, concrete slab foundations, iron perimeter fencing, and an asphalt parking lot. Common area amenities include a 24/7 on-site laundry facility, an on-site leasing office, and open lawn areas with two playgrounds.
The unit mix is designed with family occupancy in mind, with about 90% of units featuring two and three bedrooms. Floorplans include one to three bedroom options ranging from 676 to 1,117 square feet, with units averaging 914 square feet. Unit features noted include garbage disposals, private balconies and patios in select units, frost-free refrigerators, ceiling fans, tile floors in select units, and high-speed internet access.
The property is subject to Section 42 LIHTC requirements reserving 143 units for residents at 50% and 60% of Area Median Income (AMI). The asset is in its extended use period, set to expire December 31, 2038. The LIHTC was originally awarded in 2006 at a four percent level, and representatives at TDHCA indicated a new investor may be able to qualify for a new four percent tax credit.
The unit mix is designed with family occupancy in mind, with about 90% of units featuring two and three bedrooms. Floorplans include one to three bedroom options ranging from 676 to 1,117 square feet, with units averaging 914 square feet. Unit features noted include garbage disposals, private balconies and patios in select units, frost-free refrigerators, ceiling fans, tile floors in select units, and high-speed internet access.
The property is subject to Section 42 LIHTC requirements reserving 143 units for residents at 50% and 60% of Area Median Income (AMI). The asset is in its extended use period, set to expire December 31, 2038. The LIHTC was originally awarded in 2006 at a four percent level, and representatives at TDHCA indicated a new investor may be able to qualify for a new four percent tax credit.
Key Highlights
- 232‑unit multifamily apartment community on 17.46 acres in Dallas, TX, located at 7203 S. Great Trinity Forest Way
- 19 buildings built in 1970 with stucco/brick exteriors and concrete slab foundations; iron perimeter fencing and asphalt parking lot
- Renovations completed between 2015‑2019
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 75217, TX
85,330
Population
25,534
Households
3.3
Avg Household Size
30
Median Age
6%
College-Educated
60%
High-School Grad
27.8 sq mi
ZIP Area
3,069
Density / Sq Mi
$52,987
Median Household Income
$35,106
Median Earnings
$1,189
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated affordable multifamily community with 24/7 on-site laundry, leasing office, and 19 buildings across 17.46 acres.
Where is this apartment building located?
The property is located at 7203 Great Trinity Forest Way Dallas, TX.
What are key features of this property?
This property features: 232‑unit multifamily apartment community on 17.46 acres in Dallas, TX, located at 7203 S. Great Trinity Forest Way; 19 buildings built in 1970 with stucco/brick exteriors and concrete slab foundations; iron perimeter fencing and asphalt parking lot; Renovations completed between 2015‑2019
