Royal Terrace

306 Martha Street, Euless, TX 76040

  • For Sale Contact for pricing
  • Property Type Other
  • Units 119
  • Year Built 1964
  • Date Updated Jun 24, 2025

GREA is pleased to present the exclusive opportunity to acquire Royal Terrace, a 120-unit value-add community in Euless, TX, strategically located near DFW Airport and major freeways.

Built in 1964 and benefiting from over $1.5M in recent capital improvements, the property is well-positioned for continued performance. Approximately 40 units have been upgraded with plank flooring, modern fixtures, and stainless-steel appliances. All units feature private entries and walk-in closets.

New ownership can unlock significant upside through the renovation of remaining units, rent increases, and ancillary income via RUBS and reserved parking.

With strong area demographics and below-market rents, Royal Terrace offers investors a stabilized asset with proven demand and meaningful growth potential in a high-barrier, infill location.

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Reach out to the broker for more info on lease terms and amenities

Highlights

  • Over $1.5M in capital improvements including new concrete landings, soffit and fascia, gutters, exterior paint, and unit upgrades. This recent investment has positioned the property well for future value appreciation.
  • Strategically located at the southwest corner of DFW Airport, offering excellent access to major transportation routes and proximity to retail, providing tenants with easy access to everyday needs and services.
  • The area boasts a 1-mile radius with a Household Median Income (HHMI) of $74,225, a low 37% homeownership rate, a 1.1% population growth rate, and highly-rated schools, providing a strong tenant base and favorable conditions for future growth.
  • The property is being offered free and clear of existing debt, which qualifies it for non-recourse agency financing, providing flexibility for new ownership.
  • Under new management, the property has successfully stabilized occupancy, transitioning from mid-60% to a fully leased-up property. The lease-up initiative was strategically implemented to qualify for agency financing and support the sale. Despite the increase in occupancy, the property has maintained a strong tenant base, with significant rental upside of $150 per unit upon renewals, supported by market comparables in the area.

Contacts

broker
Mark Allen

GREA

broker
Jared Rice

GREA

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Euless, TX
  • Zip Code 76040
  • Market Dallas Fort Worth

Points of Interest

  • DFW AirporTaxi

    4.01 miles

  • E17-E38

    4.11 miles

  • D6-D22

    4.21 miles

  • E2-E16

    4.31 miles

  • D23-D40

    4.35 miles

  • C20-C39

    4.47 miles

  • B1-B19

    4.57 miles

  • C2-C19

    4.67 miles

  • B20-B49

    4.78 miles

  • A22-A39

    4.82 miles

  • Mr. 4 Mart

    0.38 miles

  • Shell

    0.47 miles

  • QuickTrip

    0.85 miles

  • Diamond Shamrock

    1.03 miles

  • Valero

    1.05 miles

  • Chevron

    1.18 miles

  • Exxon

    1.37 miles

  • QuikTrip

    1.47 miles

  • EVgo

    2.37 miles

  • Tesla Supercharger

    2.39 miles

  • American Airlines - Garage 7

    1.84 miles

  • American Airlines - Garage 5

    1.97 miles

  • American Airlines - Garage 8

    2.14 miles

  • Texas Health Fitness Center Parking

    2.27 miles

  • Professional 1 Visitor Parking

    2.33 miles

  • CenterPort Station - Park and Ride

    2.96 miles

  • DFW South Cell Phone Lot

    3.01 miles

  • DFW Airport Rental Car Center

    3.20 miles

  • La Quinta Inn & Suites DFW Airport West - Euless

    0.86 miles

  • Motel 6 Euless, TX - DFW West

    0.94 miles

  • Motel 6 Euless, TX - DFW West 1

    0.97 miles

  • Comfort Inn & Suites Euless

    1.59 miles

  • Residence Inn Dallas DFW Airport West/Bedford

    1.77 miles

  • La Quinta Inn & Suites

    1.78 miles

  • Holiday Inn

    1.83 miles

  • Home2 Suites

    1.84 miles

  • Tru

    1.89 miles

  • Aloft Dallas Euless

    1.96 miles

  • Church's Chicken

    0.35 miles

  • Little Caesars

    0.49 miles

  • Sonic Drive-In

    0.67 miles

  • Mid Cities Cafe

    0.75 miles

  • Subway

    0.85 miles

  • Taco Bell

    0.91 miles

  • Denny's

    0.98 miles

  • Taco Cabana

    0.99 miles

  • Yichiban Buffet

    1.07 miles

  • Pho V Noodle House & Sushi

    1.20 miles

  • North Euless Elementary School

    0.30 miles

  • Midway Park Elementary School

    0.49 miles

  • Trinity High School

    0.49 miles

  • Euless Junior High School

    0.67 miles

  • Lakewood Elementary School

    0.87 miles

  • South Euless Elementary School

    1.43 miles

  • Oakwood Terrace Elementary School

    1.50 miles

  • Bear Creek Elementary School

    1.55 miles

  • Harwood Junior High School

    1.55 miles

  • Wilshire Elementary School

    1.61 miles

  • Kids In Glory Daycare & Preschool

    5.99 miles

  • Linda-Kay Child Development Center

    6.16 miles

  • Christian Montessori Academy

    6.20 miles

  • Little Tyke Child Care

    6.74 miles

  • Little Tyke Creative Child Care

    7.25 miles

  • The Childrens Center

    7.55 miles

  • Children's Park

    8.22 miles

  • The Toddler's Den Early Learning Center

    8.32 miles

  • Bowen Road Day School

    8.85 miles

  • Wonderland

    9.29 miles

Frequently Asked Questions

How much does Royal Terrace cost?

The sale price for Royal Terrace is available upon request. Contact the listing broker for more information.

What is the total square footage of Royal Terrace?

Royal Terrace totals 78 square feet.

When was this property built?

Royal Terrace was built in 1964.

Looking for more in-depth information on this property?

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