Description

The Biltmore, a classic multifamily investment property, presents a unique opportunity in the desirable Swiss Avenue Historic District of Dallas, TX. Built in 1926, the property spans 10,000 square feet across 0.43 acres and consists of 8 spacious units averaging 1,250 square feet each.

Current occupancy is 88%, with in-place rents of $1,365, approximately 3.3% below market rates of $1,411, offering immediate upside potential through rent optimization. The stabilized NOI is $98,862, while the current NOI is $62,253, reflecting room for operational and income improvements.

Situated in a prime location, The Biltmore benefits from strong submarket fundamentals and proximity to major employment hubs, retail, and lifestyle amenities. The vintage, low-density asset combines historic charm with a competitive unit mix. With one available unit and limited near-term lease rollover risk, the property provides an opportunity to achieve stabilized returns. Investors can capitalize on the demand for well-located multifamily assets in Dallas and leverage the asset’s potential for value appreciation. This unpriced listing invites sophisticated buyers to assess its compelling investment metrics and market positioning.