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33428705
33428706

3219 San Jacinto St, Dallas, TX 75204

TS
TX TX: 757655
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,000,000
2 days on market
Updated 2 days ago

The Henley

Details
APN 00000111889000000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,100
Units 21
Tenancy Vacant
Year Built 1963
Acreage 0.391
Zoning PD-298 (SUBAREA 7)
Parking Spaces 23 spaces
Parking Per SqFt 1.63
Investment Type Redevelopment

Multifamily | 21 Units

Marketing description

The Henley presents a rare value-add and redevelopment opportunity in one of Dallas' most dynamic urban corridors—East Dallas / Knox-Henderson, just minutes from Uptown and Downtown. This asset offers investors the ability to capitalize on accelerating neighborhood transformation and premium rental demand driven by proximity to employment, entertainment, and lifestyle amenities. Opportunity to raze and redevelop or continue renovation.

Situated in a highly walkable, infill location, The Henley benefits from immediate access to Henderson Avenue, Lower Greenville, and the Knox District—three of Dallas' most sought-after retail and dining destinations. Its proximity to major employment hubs including Downtown Dallas, Uptown, and Baylor Scott & White Medical District supports sustained renter demand and long-term appreciation.

Dallas continues to experience robust population and job growth, making it one of the top-performing multifamily markets nationally. The East Dallas submarket in particular benefits from high occupancy and rent growth trends, limited availability of well-located redevelopment sites, and increasing demand from young professionals seeking urban, amenity-rich environments.

With rising land costs, increasing construction expenses, and limited infill availability, opportunities like The Henley are increasingly scarce. Investors can secure a foothold in a high-barrier-to-entry location with strong long-term appreciation potential driven by continued urban migration and redevelopment activity.

Investment highlights

  • Units are Individually Metered for Electricity
  • Located in the Re-Gentrifying Submarket of East Dallas (Avg 1-Mile HH Income is $120K)
  • Minutes from Downtown Dallas
  • DART-Public Transportation Within Immediate Area
  • High occupancy and rent growth trends
  • Limited availability of well-located redevelopment sites
  • Increasing demand from young professionals seeking urban, amenity-rich environments
  • Comprehensive interior/exterior repositioning to achieve market rents
  • Unit reconfiguration or expansion to enhance revenue per square foot
  • Potential long-term redevelopment into higher-density multifamily, capitalizing on favorable zoning and surrounding densification trends

Listing Contacts

TS
TX TX: 757655
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Additional Information

Name
Ty A. Soto
License
TX: 757655
Brokerage
Marcus & Millichap
Brokerage Phone
817-932-6145
Brokerage Address
5001 Spring Valley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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