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3940 Spring Valley rd - Clifton Court 19 Unit Apartment Building Offered at $13,244,430 CAD at a 6% Cap Rate Addison, TX 75001



Executive Summary
This offering presents the opportunity to acquire a newly constructed, 19-unit townhome community located in the highly sought-after Addison submarket. The Property sits directly across from Greenhill School, one of the area’s premier private schools, and benefits from a location that is both supply constrained and highly accessible to North Dallas’ primary employment and lifestyle hubs.
Recently delivered, the Property was designed to compete at the top end of the market, offering a level of finish and attention to detail that stands apart from typical multifamily product. Units feature high-end interiors, including upgraded flooring, modern cabinetry, stone countertops, stainless steel appliances, and contemporary fixtures – creating a true for-rent alternative to ownership.
The Property is positioned within one of North Dallas’ most active and amenity-rich pockets, with convenient access to Addison’s established dining and retail corridors, as well as key commuter routes. Additionally, Vitruvian Park – a well-known destination for outdoor space, trails, and community events – is located nearby, adding to the overall lifestyle appeal. The surrounding area continues to show strong household incomes, steady growth, and consistently high occupancy levels relative to the broader market.
All correspondence should be sent to Jack.Forman@nmrk.com
Recently delivered, the Property was designed to compete at the top end of the market, offering a level of finish and attention to detail that stands apart from typical multifamily product. Units feature high-end interiors, including upgraded flooring, modern cabinetry, stone countertops, stainless steel appliances, and contemporary fixtures – creating a true for-rent alternative to ownership.
The Property is positioned within one of North Dallas’ most active and amenity-rich pockets, with convenient access to Addison’s established dining and retail corridors, as well as key commuter routes. Additionally, Vitruvian Park – a well-known destination for outdoor space, trails, and community events – is located nearby, adding to the overall lifestyle appeal. The surrounding area continues to show strong household incomes, steady growth, and consistently high occupancy levels relative to the broader market.
All correspondence should be sent to Jack.Forman@nmrk.com
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- Offering Memorandum
Property Facts
| Price | $13,244,430 CAD | Apartment Style | Townhome |
| Price Per Unit | $697,075 CAD | Building Size | 33,060 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 6% | No. Stories | 3 |
| No. Units | 19 | Year Built | 2026 |
| Property Type | Multifamily |
| Price | $13,244,430 CAD |
| Price Per Unit | $697,075 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 19 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 33,060 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 19 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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3940 Spring Valley rd - Clifton Court
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