Savannah Square Multifamily Investment
For Sale
Contact for pricing
309 SW 5th St, Grand Prairie, TX 75051
56-unit apartment community in Grand Prairie, Texas.
Property Size29,400 SF
Days on Market156
Property Features for 309 SW 5th St
General Information
Standard status
Active
Size
29,400 SF
Property subtype
Multifamily
Occupancy
92%
Amenities
$17K+ annual savings through water conservation plus reduced insurance expenses
$97K in recent capital improvements lowers near-term CapEx needs
Located near major Arlington employment and entertainment hubs
Building Details
Building Size
29,400 SF
Units
56
Listing Agency:
Dallas Office
Listed By:
Nick Fluellen · License #License(s): TX: 9001647
(972) 755-5214
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 17
Last Checked: Sep 5 at 4:05AM
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.
Savannah Square is a 56-unit apartment community located in Grand Prairie, Texas. The property offers operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually, alongside savings from electrical upgrades that have lowered insurance costs. Ownership has invested approximately $97,000 in recent capital improvements, including breaker replacements, roof upgrades, and system enhancements, reducing near-term capital requirements. Positioned near the General Motors Arlington Assembly Plant and Arlington’s premier entertainment district, and with direct access to Interstate 30, Highway 360, and the George Bush Turnpike, Savannah Square benefits from regional demand drivers and long-term growth fundamentals. This makes it an attractive value-add investment opportunity in the DFW metroplex.
Key Highlights
- 56‑unit apartment community in Grand Prairie, Texas.
- Immediate operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually.
- Approximately $97,000 invested in recent capital improvements (breaker replacements, roof upgrades, system enhancements) reducing near‑term capital requirements.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
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 - 56-unit apartment community in Grand Prairie, Texas.
Where is this apartment building located?
The property is located at 309 SW 5th St Grand Prairie, TX.
What are key features of this property?
This property features: 56‑unit apartment community in Grand Prairie, Texas.; Immediate operational upside through a water conservation program projected to reduce expenses by approximately $17,000 annually.; Approximately $97,000 invested in recent capital improvements (breaker replacements, roof upgrades, system enhancements) reducing near‑term capital requirements.
