Garden-Style Multifamily
For Sale
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412 SUMMIT AVE, Arlington, TX 76013
Two-building, 65-unit garden-style property with multiple bedroom plans and outdoor amenities including a courtyard pool.
Property Size54,545 SF
Lot Size1.90 Acres
Days on Market60
Property Features for 412 SUMMIT AVE
General Information
Standard status
Active
Size
54,545 SF
Total Parking Spaces
90
Lot size
1.90 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
65
Building Details
Year Built
1963
Listing Agency:
ALX Commercial Realty
Listed By:
Bryan Chambers · License #731603
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 5 at 4:08PM
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 ALX Commercial Realty
Investment Insights
Based on property information with market context.
The Dean at 412 Summit Avenue is a two-building, garden-style multifamily community totaling 65 units. The property offers a mix of one-, two-, and three-bedroom floorplans averaging 839 square feet, supported by on-site laundry and 90 parking spaces. Recent capital improvements include full roof replacement in 2021, refreshed exterior branding, and updated interiors featuring shaker cabinetry, stainless-steel appliances, quartz/granite countertops, and wood-look plank flooring. Community amenities include a resort-style courtyard pool, turf sun lawn, outdoor grilling and fire-pit lounge, and outdoor common areas.
The property is immediately adjacent to the University of Texas at Arlington, placing it in a well-established, renter-driven submarket. It also provides convenient access to I-30 and I-20, along with downtown Arlington and major employers, retail, dining, and entertainment destinations.
For buyers or operators seeking a multifamily asset with established in-place operations, The Dean offers a practical unit mix and a recent improvements track record. The current rent positioning is described as below market in the seller’s remarks, with room to continue interior renovations and consider additional in-unit and community upgrades such as washer/dryer hookups, reserved parking, community internet, valet trash, and expanded RUBS.
The property is immediately adjacent to the University of Texas at Arlington, placing it in a well-established, renter-driven submarket. It also provides convenient access to I-30 and I-20, along with downtown Arlington and major employers, retail, dining, and entertainment destinations.
For buyers or operators seeking a multifamily asset with established in-place operations, The Dean offers a practical unit mix and a recent improvements track record. The current rent positioning is described as below market in the seller’s remarks, with room to continue interior renovations and consider additional in-unit and community upgrades such as washer/dryer hookups, reserved parking, community internet, valet trash, and expanded RUBS.
Key Highlights
- 65‑unit multifamily community on 1.90 acres with two buildings and 54,545 total rentable SF
- Garden‑style property with one-, two-, and three‑bedroom floorplans averaging 839 SF
- Recent upgrades include full roof replacement in 2021 and refreshed exterior branding
Property Analytics
Property Profile
Current Use
Lease Details
65
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 76013, TX
36,535
Population
14,431
Households
2.5
Avg Household Size
32
Median Age
43%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
4,059
Density / Sq Mi
$67,333
Median Household Income
$31,613
Median Earnings
$1,267
Median Rent
$287,000
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 - Two-building, 65-unit garden-style property with multiple bedroom plans and outdoor amenities including a courtyard pool.
Where is this apartment building located?
The property is located at 412 SUMMIT AVE Arlington, TX.
What are key features of this property?
This property features: 65‑unit multifamily community on 1.90 acres with two buildings and 54,545 total rentable SF; Garden‑style property with one-, two-, and three‑bedroom floorplans averaging 839 SF; Recent upgrades include full roof replacement in 2021 and refreshed exterior branding
