La Vida Park — Sale in Arlington, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Arlington, TX 76010

Description

Marcus & Millichap is pleased to present the exclusive listing of La Vida Park, a 205-unit apartment community located in Arlington, Texas. The property presents a compelling lease-up opportunity, currently operating well below stabilized occupancy levels, with the potential to unlock more than $1.3 million in sustainable income growth through targeted leasing and operational improvements. Additional upside exists through the capture of more than $70,000 in annual ancillary income from existing fee structures and reserved parking. La Vida Park benefits from proximity to major employment and demand drivers including the University of Texas at Arlington, Texas Health Arlington Memorial Hospital, the General Motors Arlington Assembly Plant, and Arlington’s nationally recognized entertainment district. With access to major regional highways and flexible bridge financing options that enhance early cash flow, the asset represents a significant value-add opportunity in the heart of the Dallas–Fort Worth metroplex. Investment Highlights: • Lease-up from ~47% occupancy offers $1.3M+ income growth potential • Capture $70K+ ancillary income through fees and reserved parking lease-up • Prime Arlington location near UTA, GM, Texas Health, and entertainment district

Market Context

This multifamily in Arlington, TX is listed for sale. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Arlington, TX — view the full market.

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: multiple brokerage reports, Q1 2026.

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 multiple brokerage reports.

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