Dallas Multifamily Investment
For Sale
$10,500,000
2315 Moser Ave, Dallas, TX 75206
64-unit apartment community in Dallas' Knox-Henderson neighborhood.
Property Size35,111 SF
Lot Size1.17 Acres
Price / SF$299.05
Days on Market165
Property Features for 2315 Moser Ave
General Information
Standard status
Active
Size
35,111 SF
Lot size
1.17 Acres
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
Perry Guest Company
Listed By:
Matthew Cassidy · License #0714494
(314) 724-5734
Source:
Christenberrygroup
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 6 at 11:37AM
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 Perry Guest Company
Investment Insights
Based on property information with market context.
Moser Gardens / Greenville West is a 64-unit apartment community located in the Knox-Henderson neighborhood of Dallas, TX. This area is known for new development. The property is positioned to capture tenant demand as entry-level housing inventory tightens. Situated on over 51,000 square feet, the property consists of three garden-style buildings with pitched roofs, gated assigned parking, and an onsite leasing office. Community amenities include a resurfaced pool and controlled access. Units feature in-unit laundry, wood-burning fireplaces, walk-in closets, and private balconies. Select units have been modernized with updated kitchens and bathrooms, new flooring, and recessed lighting, enhancing long-term rental upside. The property size is 35,111 square feet.
Key Highlights
- Prime location in the highly desirable Knox‑Henderson neighborhood of Dallas.
- Strong tenant demand due to tightening entry‑level housing inventory.
- In‑unit laundry in all units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$533,898
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,677,960
$10.7M
Cap Rate 7%
$7,627,114
$7.6M
Cap Rate 9%
$5,932,200
$5.9M
Market Conditions
NOI Build-Up for 35,111 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.09M $30.96/SF
− Vacancy
−$116.3K −$3.31/SF
EGI
$970.7K $27.65/SF
− OpEx
−$436.8K −$12.44/SF
NOI
$533.9K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,677,960
Cap Rate 7%
$7,627,114
Cap Rate 9%
$5,932,200
Alternative Uses
Best Use
Apartment 5plus
$7.63M
$6.67M – $8.90M
NOI $533,898 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$42.13M
$36.86M – $49.15M
NOI $2,949,122 @ 7.0% cap · market cap 28.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 75206, TX
40,386
Population
25,844
Households
1.6
Avg Household Size
32
Median Age
77%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
9,616
Density / Sq Mi
$88,464
Median Household Income
$69,953
Median Earnings
$1,715
Median Rent
$557,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 64-unit apartment community in Dallas' Knox-Henderson neighborhood.
Where is this apartment building located?
The property is located at 2315 Moser Ave Dallas, TX.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Prime location in the highly desirable Knox‑Henderson neighborhood of Dallas.; Strong tenant demand due to tightening entry‑level housing inventory.; In‑unit laundry in all units.
