Oak & Ellum — Sale in Dallas, TX

  • Price: $146K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Dallas, TX 75204
  • Size: 319,917 SF
  • Year built: 2015

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Description

JLL as selling agents are pleased to present the Oak & Ellum, located at 2627 Live Oak Street, Dallas, Texas 75204. This is a unique opportunity to acquire a 424-unit luxurious Class A residential asset, strategically positioned in the heart of Dallas' vibrant urban core. Oak & Ellum offers a compelling value proposition with its prime location adjacent to the Dallas CBD, offering residents a desirable live, work, play environment. This property spans over 319,917 square feet, with an occupancy rate of 93.2% and a leased rate of 95.2% as of August 2026. Built in 2015, with significant renovations completed in 2022, including a full roof replacement, the property boasts premier amenities such as a saltwater swimming pool, 24-hour fitness center, private movie theater, and proximity to a Tom Thumb grocery store. With a Walkscore of 90, the location ensures unparalleled access to downtown attractions and amenities. Strategically situated along US-75, Oak & Ellum benefits from excellent connectivity, allowing swift access to key areas like Uptown, Victory Park, and Deep Ellum. The immediate vicinity is marked by strong demographic trends, including an 82% population growth and an average household income of $145,892 within a one-mile radius, further bolstering its investment appeal. The investment thesis for Oak & Ellum is underscored by the property's ability to offer stable cash flow with limited competing supply. The current market conditions imply a significant discount to replacement cost, which positions this asset as a prime candidate for sustained rental growth, fueled by Dallas' thriving employment hubs and corporate relocations. This is a strategic acquisition for investors seeking long-term appreciation and value creation in a dynamic urban market.

Market Context

This multifamily in Dallas, TX is listed for sale at $145,892 across 319,917 SF. The building dates to 2015. Compare it against other multifamily listings for sale in Dallas, TX — view the full market.

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