184-Unit Multifamily Community in
4271 Altoona Dr, Dallas, TX 75233
Two-story apartment community with strong occupancy and value-add potential.
Type:Multifamily
Property size:
180,712 SFLot size:
8.90 AcresPrice / SF:
$132/SF- Added:
- Mar 11, 2026
- Days on Market:
- 72
- Last Refresh:
- Mar 19 at 10:35 pm
Property Features for 4271 Altoona Dr
General Information
- Standard status
- Active
- Size
- 180,712 SF
- Lot size
- 8.90 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agent J. Scott Henderson License #TX 0311140
Listing office SVN | Trinity Advisors
Listing date Mar 11, 2026
Source Crexi
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 SVN | Trinity Advisors
HighLights
- Larger than average unit sizes (981 sq ft) are appealing to families and long‑term renters.
- Consistently strong occupancy rates (92.9‑94% through 2025) indicate stable tenant demand.
- Below‑market average rents ($1,133 per unit) attract price‑sensitive renters.
- Positive absorption rate over the past 12 months, outperforming nearby competitors.
- Recent renovation in early 2022, enhancing property appeal.
- Located in a workforce‑housing hub with stable renter demand and projected population growth.
Overview
Tesoro at 12 is a 184-unit, two-story apartment community located in the South Oak Cliff area of Dallas. Constructed in 1983 and renovated in early 2022, the property features an average unit size of approximately 981 square feet. The site spans roughly 8.9 acres and includes 20 buildings with pitched composition shingle roofs, two swimming pools, a fitness center, business center, and clubhouse. There are between 375 and 396 parking spaces at grade level. Units are equipped with fireplaces, washer/dryer hookups, private patios or balconies, and microwaves. The property has demonstrated consistently strong occupancy, maintaining between 92.9 and 94 percent through 2024 and 2025, according to USPS-based occupancy data. Current asking rents average around $1,133 per unit ($1.15 per square foot). Absorption at Tesoro is positive over the past 12 months. The community benefits from strong visibility and accessibility near Ledbetter Drive, Loop 12, and Walton Walker Boulevard, which collectively yield traffic counts nearing 18,000 vehicles per day. A 5-mile radius around the property shows multiple planned developments and several ongoing construction projects, particularly near Westmoreland Road, Wheatland Road, and Illinois Avenue. The property size is 180,712 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tesoro at 12 Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.8879471
- Latitude
- 32.6919566
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-story apartment community with strong occupancy and value-add potential.
Where is this apartment building located?
The property is located at 4271 Altoona Dr Dallas, TX.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: Larger than average unit sizes (981 sq ft) are appealing to families and long‑term renters.; Consistently strong occupancy rates (92.9‑94% through 2025) indicate stable tenant demand.; Below‑market average rents ($1,133 per unit) attract price‑sensitive renters.
