Marcus & Millichap brokered the sale of Hart House, a 94-unit apartment community in Dallas.
Positioned just off Fort Worth Avenue, the property offers quick access to downtown Dallas, Interstate 30, Loop 12, and Interstates 35 and 20, placing it near some of the country’s most robust employment centers. Hart House is adjacent to the thriving Bishop Arts District and North Oak Cliff, both of which continue to benefit from significant public and private investment.
Ford Braly, along with Al Silva, senior managing director investments in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, a private out-of-state investor, and procured the buyer, an experienced local operator.
The buyer plans to mark rents to market while maintaining the already stabilized and renovated property.
Built in 1963 and 1964, Hart House consists of two buildings across nearly four acres at 1235 and 1239 Hartsdale Drive. The community features one- and two-bedroom apartments with walk-in closets and separate dining areas. Amenities include a swimming pool, laundry facilities, and resident courtyards. Recent capital improvements include interior renovations, significant plumbing and chiller repairs, and the addition of solar panels, which have cut electricity costs by 50%.
