Bachman Place | Garden-Style Value-Add Multifamily

Highlights:

• 80% Occupied, Below Submarket Average: Comparable properties within one mile average 92% occupancy, leaving clear lease-up upside.
• R&M and Insurance Exceed Benchmarks: Repairs, maintenance, and insurance costs exceed benchmarks, offering a clear path to boost NOI.
• 15 Units Remain for Interior Upgrades: Completing the interior upgrade program could drive rent premiums of $100 to $125 per month.
• $496K Invested in Capital Improvements: Ownership funded unit renovations, new electrical panels, exterior paint, and parking resurfacing.
• Steps From the Dallas Medical District: Over 30,000 healthcare employees work nearby, anchored by UT Southwestern, Parkland, and Children's.
• Under Two Miles From Dallas Love Field: Southwest Airlines' headquarters sits adjacent to the airport, anchoring the local job base.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3465/multifamily/dallas/tx?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=november18_2026&utm_content=multifamily_3465

Brokered by Marcus & Millichap's Fluellen-Hoover Multifamily Group and powered by RealINSIGHT Marketplace, 2807 Bachman Drive is a 30-unit, three-building garden-style apartment community in Dallas, Texas, built in 1973 on 0.72 acres. All units are one-bedroom, one-bathroom floor plans averaging 620 square feet, with a current average rent of $1,225 per month. Bachman Place is approximately 80% occupied, compared to roughly 92% average occupancy among nearby comparable properties, presenting a clear lease-up opportunity. Fifteen units have not yet received the interior upgrade program completed elsewhere in the community, which has historically supported rent premiums of $100 to $125 per month. Ownership has already invested approximately $496,000 in capital improvements, including unit renovations, new electrical breaker boxes, exterior paint, and parking lot resurfacing, reducing near-term capital needs for a buyer. Repairs, maintenance, and insurance expenses currently exceed industry benchmarks, offering an additional path to increase NOI through more efficient operations. The property sits in Northwest Dallas near the Dallas Medical District, Dallas Love Field, and the Southwest Airlines headquarters, with convenient access to Interstate 35E, Loop 12, and the Dallas North Tollway.

Location
Bachman Place sits at 2807 Bachman Drive in Northwest Dallas, near Webb Chapel Extension and W. Northwest Highway along Bachman Lake, with direct access to Interstate 35E. The property is less than two miles from Dallas Love Field and the adjacent Southwest Airlines headquarters, and minutes from the 30,000-employee Dallas Medical District and Downtown Dallas.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: