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18-Unit Apartment Community with Pool
New
For Sale
$3,850,000

408 Dr Martin Luther King Jr Boulevard, Waxahachie, TX 75165

ResidentialIncome, Waxahachie, TX

Property SizeContact for details
Lot Size1.07 Acres
Days on Market2

Property Features for 408 Dr Martin Luther King Jr Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Parking 32
Parking features Parking Lot, On Street, Guest, Assigned
Security features Security
Interior features DecorativeDesignerLightingFixtures, GraniteCounters, HighSpeedInternet, KitchenIsland, OpenFloorplan, CableTv, WalkInClosets
Exterior features Balcony, Courtyard, Lighting, OutdoorGrill
Appliances Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator
Subdivision Crescent Crk Villas
Lot features Interior Lot, Landscaped, Sprinkler System, Few Trees
Elementary school Marvin
Middle school Howard
High school Waxahachie
Elementary school district Waxahachie ISD
Middle school district Waxahachie ISD
High school district Waxahachie ISD
Directions GPS
Standard status Active
APN 276699
Lot size 1.07 Acres

Taxes and HOA fees

Tax Description LOT 1 BLK A CRESCENT CREEK VILLAS 1.071 AC
Tax Annual Amount 71823
Legal Description LOT 1 BLK A CRESCENT CREEK VILLAS 1.071 AC

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Amenities

pool with private cabana
outdoor grilling area
gated perimeter
assigned resident parking
in-unit washer and dryer

Building Details

Year built 2021
Floors in Building 2
Number of units 18
Flooring type Vinyl, Tile
Building materials Brick
Roof type Composition
Listing Agency: CENTURY 21 Judge Fite Co. · Century 21 Real Estate
Listed By: Irma Monkres
Added: Oct 21 Last Checked: Oct 22 at 3:06PM
MLS# 21416184

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Spring Creek Villas is an 18-unit apartment community built in 2021 on 1.071 acres in Waxahachie. The residences offer one- and two-bedroom layouts ranging from 876 to 1,220 square feet, with major appliances including a washer and dryer. Interior features include granite counters, kitchen islands, walk-in closets and decorative lighting; the building is constructed of brick.

A gated perimeter encloses the community, which has assigned resident parking, a pool with a cabana, and an outdoor grilling area. The property also connects directly to the Waxahachie Creek hike and bike trail and is within walking distance of downtown shopping, dining and entertainment.

Key Highlights

  • 18 apartments in one- and two‑bedroom layouts
  • Floor plans range from 876 to 1,220 square feet
  • Built in 2021 on 1.071 acres

Property Analytics

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Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

1,018
Businesses Nearby

Demographics for 75165, TX

49,805
Population
18,940
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
118.0 sq mi
ZIP Area
422
Density / Sq Mi
$84,780
Median Household Income
$45,677
Median Earnings
$1,473
Median Rent
$308,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two floor-plan options include in-unit laundry appliances, assigned resident parking and access to an outdoor grilling area.
Where is this apartment building located?
The property is located at 408 Dr Martin Luther King Jr Boulevard Waxahachie, TX.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 18 apartments in one- and two‑bedroom layouts; Floor plans range from 876 to 1,220 square feet; Built in 2021 on 1.071 acres
More about this property
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