Multifamily Property for Sale in Irving, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Irving, TX 75061

Description

Marcus & Millichap is pleased to present the exclusive listing of Chivas West, a 72-unit apartment community located in Irving, Texas. The property offers a compelling value-add opportunity following long-term ownership with limited interior renovations, allowing new ownership to modernize units and drive rental rate growth. Significant capital improvements totaling more than $360,000 have already been completed, including a newly installed chiller system, roof replacements, and exterior upgrades, reducing near-term capital requirements. Additional upside exists through a water conservation program projected to generate approximately $105,000 in annual expense savings. Positioned near major employment drivers including the Wells Fargo campus, Frito-Lay, Dr Pepper, and DFW Airport, Chivas West benefits from strong regional demand and excellent connectivity, making it a highly attractive investment opportunity in the Irving submarket. Investment Highlights: • $105K annual expense savings through water conservation plus major CapEx already completed • Interior renovation upside following long-term ownership with minimal upgrades • Located near major Irving employment hubs and DFW Airport

Market Context

This multifamily in Irving, TX is listed for sale. It has been on the market for 66 days. Compare it against other multifamily listings for sale in Irving, TX — <a href="/search/sale/multifamily/texas/irving">view the full market</a>.

As of Q1 2026, the Dallas / Fort Worth multifamily market showed average asking rents near $2832.00/unit/mo, rents up 0.8% year over year, and cap rates around 5.7%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Dallas / Fort Worth?
About 5.7% as of Q1 2026, per Consensus.

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