200-Unit Apartment
New
For Sale
Contact for pricing
1516 Arbor Town Cir, Arlington, TX 76011
The Arlington community has a history of capital improvements and assumable Fannie Mae financing.
Property Size155,428 SF
Days on Market4
Property Features for 1516 Arbor Town Cir
General Information
Standard status
Active
Size
155,428 SF
Property subtype
Multifamily
Occupancy
93%
Additional Details
Multifamily Units
200
Amenities
200-unit garden-style community built in 1979 on 6.71 acres, with 155,428 NRSF and nine distinct one- and two-bedroom floor plans.
$1.29M in potential value creation, supported by $774,976 in recent capital improvements and continued value-add opportunities.
Pro forma NOI of $1.50M with projected Year 5 NOI reaching $2.02M, supported by operational and revenue-growth initiatives.
Building Details
Building Size
155,428 SF
Year Built
1979
Units
200
Listing Agency:
Dallas Office
Listed By:
Wesley Racht · License #License(s): TX: 633414, TX: 9010261
(972) 755-5168
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 7 at 8:33AM
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.
Element is a 200-unit apartment community built in 1979. The property has received capital improvements and carries assumable Fannie Mae financing with interest-only payments through July 2027. Potential property initiatives identified include further apartment upgrades, reserved parking, and broader furnished washer and dryer offerings; these are opportunities rather than existing features described here.
The community is two blocks north of AT&T Stadium. Other named nearby destinations include Six Flags Over Texas, Globe Life Field, UT Arlington, Texas Health Resources, GM Arlington Assembly, and GM Financial.
The community is two blocks north of AT&T Stadium. Other named nearby destinations include Six Flags Over Texas, Globe Life Field, UT Arlington, Texas Health Resources, GM Arlington Assembly, and GM Financial.
Key Highlights
- 200‑unit apartment community
- Built in 1979
- Assumable Fannie Mae financing with interest‑only payments through July 2027
Property Analytics
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Current Use
Lease Details
200
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
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Business Placement
Demographics for 76011, TX
23,158
Population
11,991
Households
1.9
Avg Household Size
32
Median Age
27%
College-Educated
83%
High-School Grad
8.1 sq mi
ZIP Area
2,859
Density / Sq Mi
$51,910
Median Household Income
$36,580
Median Earnings
$1,266
Median Rent
$218,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The Arlington community has a history of capital improvements and assumable Fannie Mae financing.
Where is this apartment building located?
The property is located at 1516 Arbor Town Cir Arlington, TX.
What are key features of this property?
This property features: 200‑unit apartment community; Built in 1979; Assumable Fannie Mae financing with interest‑only payments through July 2027
