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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.?

Property Facts

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
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 82475
  • 82477
  • 82476
Land Assessment
$869,743 CAD
Improvements Assessment
$0 CAD
Total Assessment
$869,743 CAD
  • Listing ID: 40515311

  • Date on Market: 2026-05-13

  • Last Updated:

  • Address: 3551 E Broadway St, Gainesville, TX 76240

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