Listed by Perry Guest Investment Services
$7,750,000
The Reiger
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,603
Units 26
Pro-Forma Cap Rate 4.50%
Price per SqFt $359
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 2
Stories 3
Lot Size (SqFt) 25,600
Zoning MF-2
Investment Type Core+
Brand New 26 Unit Boutique Multifamily Investment Opportunity
Marketing description
Introducing The Reiger, a newly constructed, boutique 26-unit multifamily community ideally positioned in one of East Dallas’ most dynamic and walkable neighborhoods—just outside the Junius Heights Historic District. This best-in-class asset combines modern design, efficient unit layouts, and a highly desirable lifestyle location that continues to see strong demand from renters seeking proximity, character, and convenience.
The property is minutes from Lower Greenville and the Henderson Avenue corridor, offering a growing mix of dining, retail, and entertainment options. Lakewood is just a short drive or bike ride away, with Whole Foods Market, Mi Cocina, Bowlski’s at the Lakewood Theater, and numerous neighborhood favorites providing daily conveniences and destination experiences alike.
Designed as a high-end multifamily offering, The Reiger appeals to today’s renter profile seeking modern finishes, new construction quality, and a prime East Dallas address—positioning the asset for strong leasing performance and long-term value appreciation.
Investment highlights
New construction
Luxury modern finishes
Private parking
Neighborhood feel
Lakewood submarket
Listing Contacts
Listed by Perry Guest Investment Services
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