Investing in the Texas Triangle: Dallas

Multifamily Real Estate Investing in the Lone Star State | Part 2 of 4

Are you considering investing in the great state of Texas but feeling a bit lost on where to start? Our Texas Triangle series is crafted to equip you with the knowledge and confidence you need to make smart investment choices while bolstering the local economy. This week, we’re shining a spotlight on the Dallas–Fort Worth Metroplex—a vibrant region that blends the pulse of urban life with the comfort of suburban living. With its booming population, diverse economy, and strong rental demand, DFW stands out as a prime location for multifamily real estate investing.

Multifamily properties in DFW offer a compelling opportunity for investors seeking long-term growth and consistent cash flow. From luxury high-rises to workforce housing, the metroplex supports a wide range of multifamily asset types—each benefiting from the area’s economic resilience and population growth. Whether you're looking to scale your portfolio or enter the multifamily space for the first time, DFW provides the fundamentals to support a sound investment strategy.

8 Great Areas for Multifamily Real Estate Investments in Dallas–Fort Worth

So, where should you consider investing in the Dallas–Fort Worth area? Here are eight promising neighborhoods and submarkets.

1. Uptown Dallas

Uptown is one of the most desirable neighborhoods in Dallas, known for its walkability, upscale dining, and luxury apartments. It attracts young professionals and urban dwellers, making it a prime location for high-end multifamily developments with strong rental demand and appreciation potential.

2. Highland Park

Often compared to Alamo Heights in San Antonio, Highland Park is one of the most prestigious and exclusive areas in DFW. While multifamily development is rare due to strict zoning and high barriers to entry, existing properties enjoy premium rental rates and low vacancy. Its top-rated schools, tree-lined streets, and proximity to downtown Dallas make it a coveted location for affluent renters.

3. Bishop Arts District

Located in North Oak Cliff, the Bishop Arts District is a charming, walkable area filled with boutiques, restaurants, and historic buildings. It’s gaining popularity among renters looking for character and community, making it a great spot for boutique multifamily investments.

4. Plano

Plano is a major employment hub in the northern suburbs, home to corporate campuses like Toyota, JPMorgan Chase, and Liberty Mutual. With excellent schools and a high quality of life, it’s ideal for multifamily developments targeting families and professionals.

5. Frisco

Frisco is one of the fastest-growing cities in the U.S., with a booming population and major developments like The Star (Dallas Cowboys HQ) and PGA Frisco. It’s a hotspot for new multifamily construction, offering strong returns and long-term growth potential.

6. Fort Worth’s Near Southside

This revitalized district near downtown Fort Worth is known for its medical district, historic charm, and growing arts scene. It’s attracting both renters and investors looking for affordable properties with high upside in a walkable, urban setting.

7. McKinney

McKinney combines small-town charm with big-city access. Its historic downtown, strong job market, and family-friendly environment make it a rising star for multifamily investment. With steady population growth and a focus on preserving community character, McKinney offers long-term stability and appeal for both renters and investors.

8. Prosper/Celina

Located north of Frisco, Prosper and Celina are experiencing explosive growth. These affluent suburbs are attracting families and professionals seeking upscale living, excellent schools, and proximity to major employment centers along the Dallas North Tollway. With new master-planned communities and infrastructure expansion, the area presents strong potential for multifamily development—especially as Prosper nears buildout and Celina becomes the next frontier.

Let SWBC Real Estate Help You

There’s no denying that the Dallas–Fort Worth Metroplex is a powerhouse for real estate investment. At SWBC Real Estate, we’ve been identifying and creating multifamily investment opportunities in DFW for years. Whether you’re new to multifamily investing or looking to expand your portfolio, we’re here to help you succeed.

Contact us today to learn more about our investment opportunities!

To explore more top cities in the Texas Triangle, check out the rest of our series. Ready to get started with a trusted partner in real estate? Reach out to SWBC Real Estate today.

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Real Estate

Stuart P. Smith

Stuart Smith is the Chief Operating Officer of SWBC Real Estate, where is he is responsible for identifying new development opportunities, as well as property acquisitions and dispositions. Mr. Smith brings over 20 years of commercial real estate experience, which includes participation in more than $350 million of equity invested into over $1 billion in commercial real estate transactions, including land developments, multi-family transactions, industrial developments, and the acquisition of stabilized office buildings and retail centers. He has also been directly responsible for a number of functions including: loan originations, financial analysis & underwriting, property acquisitions & dispositions, ground-up developments, asset & property management functions and project marketing & leasing. Mr. Smith is a graduate of the University of Alabama, where he received a Bachelor of Science degree in Commerce and Business Administration, with a double major in finance and marketing and a minor in economics. He is currently licensed as a Real Estate Broker in the state of Texas.