972-865-6328
2718 Sherman St, Grand Prairie, TX for Sale
Apartments - FOR SALE
1/32
null | Request Cap Rate

2718 Sherman St
Grand Prairie, TX 75051


HIGHLIGHTS

  • Built in 1968, Rose Garden is a 57-unit garden-style community with strong value-add potential
  • Rose Garden sits between Dallas and Fort Worth near major employers and offers quick access to TX-161, I-30, retail, schools, and major sports venues.
  • All units feature original interiors presenting $64 in mark-to-market (organic) upside and $150–$250+ below renovated comps.
  • Strong workforce renter demand supports interior renovation potential and long-term value creation.

OVERVIEW

Rose Garden Apartments is a 57-unit garden-style multifamily community located in Grand Prairie, TX, situated between Dallas and Fort Worth in the heart of the DFW Metroplex. Built in 1968 and spanning 2.38 acres, the property consists of five residential buildings with classic exteriors and a dedicated leasing office. Rose Garden offers a well-balanced mix of one- and two-bedroom floorplans ranging from 515 to 855 square feet. All units feature original finishes, including flat-panel cabinets, laminate countertops, and a mix of white and black appliances. Each unit is individually metered and equipped with separate HVAC systems and electric water heaters. Community features include gated access, on-site laundry facilities, and ample open green space. The property is conveniently located near major highways including TX-161 and I-30, with close proximity to key employment hubs like Lockheed Martin and the Great Southwest Industrial District. Residents also enjoy easy access to retail, schools in Arlington ISD, and top entertainment venues such as AT&T Stadium and Globe Life Field.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

57

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rose Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

-

APN/PARCEL ID

00647942

ASK ABOUT THIS PROPERTY

Mark AllenLocation LogoMore Info
972-865-6328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mark AllenLocation LogoMore Info
972-865-6328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.