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Rock Creek Apartments 3551 E Broadway St 921 Unit Apartment Building $75,546,794 CAD ($82,027 CAD/Unit) Gainesville, TX 76240



Investment Highlights
- Impact Fees Paid for 754 Units
- Construction nearly completed on 208 units
Executive Summary
Introducing a premier large-scale residential community in the heart of Gainesville, Texas, thoughtfully designed to meet the region’s growing housing demand.? Spanning multiple phases, this 921-unit apartment development will feature 18 well-planned buildings, creating a cohesive, amenity-rich environment for residents seeking both comfort and convenience.?
The first phase—comprised of 208 units—is nearing completion of construction, positioning the project for near-term lease-up and immediate momentum.? Additionally, entitlements have been completed and impact fees have already been paid on the first 754 units, significantly de-risking future phases and streamlining the path to continued development.? We are currently completing the entitlements on the remaining 167 units and all entitlements will be included in the sale.?
Strategically located just a short 15-minute drive (approximately 13 miles) from WinStar World Casino and Resort—the largest casino in the United States and a major regional employer with over 3,600 employees—the community benefits from a strong and stable demand driver.? Its proximity to this employment hub, combined with convenient access to major transportation routes, places residents within easy reach of jobs, entertainment, and retail.?
As Gainesville continues to experience steady growth, this community represents a rare opportunity to deliver high-quality housing at scale in a supply-constrained market—offering both immediate leasing potential and a clear, de-risked path for future expansion.?
The first phase—comprised of 208 units—is nearing completion of construction, positioning the project for near-term lease-up and immediate momentum.? Additionally, entitlements have been completed and impact fees have already been paid on the first 754 units, significantly de-risking future phases and streamlining the path to continued development.? We are currently completing the entitlements on the remaining 167 units and all entitlements will be included in the sale.?
Strategically located just a short 15-minute drive (approximately 13 miles) from WinStar World Casino and Resort—the largest casino in the United States and a major regional employer with over 3,600 employees—the community benefits from a strong and stable demand driver.? Its proximity to this employment hub, combined with convenient access to major transportation routes, places residents within easy reach of jobs, entertainment, and retail.?
As Gainesville continues to experience steady growth, this community represents a rare opportunity to deliver high-quality housing at scale in a supply-constrained market—offering both immediate leasing potential and a clear, de-risked path for future expansion.?
Property Facts
| Price | $75,546,794 CAD | Building Class | B |
| Price Per Unit | $82,027 CAD | Lot Size | 27.74 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 921 | Building Size | 932,139 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Garden | ||
| Zoning | MF-2 | ||
| Price | $75,546,794 CAD |
| Price Per Unit | $82,027 CAD |
| Sale Type | Investment |
| No. Units | 921 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 27.74 AC |
| Construction Status | Under Construction |
| Building Size | 932,139 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | MF-2 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Playground
- Pool
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Recycling
- Trash Pickup - Curbside
- Wi-Fi
- Maintenance on site
- Walk-Up
- Smoke Detector
- Pickleball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 165 | - | 629 |
| 1+1 | 354 | - | 660 |
| 2+2 | 378 | - | 929 |
| 3+3 | 24 | - | 1,215 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $869,743 CAD | Total Assessment | $869,743 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$869,743 CAD
Improvements Assessment
$0 CAD
Total Assessment
$869,743 CAD
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Rock Creek Apartments | 3551 E Broadway St
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