Preserve at Gateway — Sale in Forney, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Forney, TX 75126

Investment Figures

Cap rate
1.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive listing of Preserve at Gateway, a 120-unit Class A 55+ active adult community built in 2019 in Forney, Texas. The property offers investors the opportunity to acquire a high-quality asset below replacement cost with strong upside through continued lease-up and operational efficiencies. Currently approximately 75% occupied, new ownership can drive NOI growth through occupancy gains and disciplined expense management. Designed specifically for active adults, the community features a robust amenity package including a salon and spa, movie theater, putting green, bocce ball court, and activity spaces that foster strong resident engagement and retention. Located within one of North Texas’ fastest-growing communities and offering direct connectivity to Downtown Dallas via US Highway 80 and Interstate 20, Preserve at Gateway represents a compelling investment opportunity supported by exceptional population growth and long-term demand fundamentals. Investment Highlights: • 2019-built Class A 55+ community available below replacement cost • Lease-up from ~75% occupancy plus expense optimization creates NOI growth potential • Located in rapidly growing Forney with direct access to Downtown Dallas

Market Context

This multifamily in Forney, TX is listed for sale. It is offered at an approximate 1.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Forney, TX — view the full market.

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