208-Unit Apartment
For Sale
Contact for pricing
2501 Webb Chapel Ext, Dallas, TX 75220
Established multifamily community with individual HVAC, electric metering, and a broad package of resident amenities.
Property Size159,156 SF
Days on Market85
Property Features for 2501 Webb Chapel Ext
General Information
Standard status
Active
Size
159,156 SF
Property subtype
Multifamily
Occupancy
93%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Cap Rate
6.5%
Multifamily Units
208
Amenities
pool
turfed lounge area
hot tub
BBQ stations
clubhouse
smart locks
WiFi
washer/dryer connections
208 Unit, 1980 Vintage, Community Located Near Love Field Airport with Rare, Outsized Yields of 10.41% C/C and Tax-Adjusted Cap Rate of 6.5% Day-One
Quality Asset – W/D Connections in All Units; Current Ownership has Invested over $1.75MM ($8,500/unit) Since 2023; Including 66% of Units with Granite Countertop Platinum Upgrades
Value Add Opportunity – While Stable at 93% Occupancy, NOI can be Increased by 10% in Short Term via Improving Upgrade Premiums, Implementing W/D Rentals (Connections in All Units) and Cutting Select
Traffic Count is Over 18,000 Cars/Day – Waverly Accommodates Diverse Floorplan Mix, ~50% 2 Bdr Floorplans and Appealing Exterior Amenity Package
Located in Heart of DFW on Major Thoroughfare and Walking Distance to DART Bachman Station with Easy Access to Notable Employment & Retail Corridors with $80K AMI
Opportunity to Improve Upon Current Self-Management Structure to Capture Rents to Match Nearby Competitors Seeing Significant Premiums
Outside 10%+ Cash on-Cash Returns for Quality 1980s Vintage in Mature DFW Neighborhood – Eligible for 75% LTV Agency Debt
Building Details
Building Size
159,156 SF
Year Built
1980
Buildings
22
Units
208
Construction
wood frame
Listing Agency:
Fort Worth Office
(817) 932-6135
Listed By:
Ford Braly · License #License(s): TX: 632146
(817) 932-6135
Source:
Marcusmillichap
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 31 at 12:56PM
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 Fort Worth Office
Investment Insights
Based on property information with market context.
The property is a 208-unit apartment community completed in 1980 and arranged across 22 buildings with brick and wood-siding exteriors, wood framing, and concrete slab foundations. Each unit has washer/dryer connections, individual HVAC equipment, and a separate electric meter. Community features include a pool, turfed lounge area, hot tub, BBQ stations, clubhouse, smart locks, and property-wide WiFi. Upgrades have been completed in 66% of the units, including granite countertops, and the property has received more than $1.75MM in capital expenditures since 2023.
Located at 2501 Webb Chapel Ext in Dallas, the community is positioned between Northwest Highway and Denton Drive. Webb Chapel Extension records over 18,000 cars daily, while DART Bachman Station is within walking distance. I-35 and Loop-12 provide access to Love Field, Downtown Dallas, and employment corridors throughout the DFW area. Current occupancy is 93%, and the property carries a 6.5% day-one, tax-adjusted cap rate.
Located at 2501 Webb Chapel Ext in Dallas, the community is positioned between Northwest Highway and Denton Drive. Webb Chapel Extension records over 18,000 cars daily, while DART Bachman Station is within walking distance. I-35 and Loop-12 provide access to Love Field, Downtown Dallas, and employment corridors throughout the DFW area. Current occupancy is 93%, and the property carries a 6.5% day-one, tax-adjusted cap rate.
Key Highlights
- 208‑unit apartment community across 22 buildings
- 93% occupied apartment property
- Built in 1980 with individual HVAC and electric meters for every unit
Property Analytics
Property Profile
Current Use
Lease Details
208
Residential units
93%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily community with individual HVAC, electric metering, and a broad package of resident amenities.
Where is this apartment building located?
The property is located at 2501 Webb Chapel Ext Dallas, TX.
What are key features of this property?
This property features: 208‑unit apartment community across 22 buildings; 93% occupied apartment property; Built in 1980 with individual HVAC and electric meters for every unit
