See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

501 Arbor Creek Dr, Euless, TX, 76039

1beds
2baths
13,969sqft
$2,575,000
$184price/sqft
$19,662/moest. monthly cost
$786,480/yrincome needed

About This Home

Positioned in the heart of the Mid-Cities, this 15-unit apartment property offers investors a compelling combination of scale, location, and an established residential setting. The property’s central location, manageable unit count, varied floor plans, and established multifamily configuration may appeal to investors seeking an income-producing asset with the ability to evaluate operations, rents, expenses, occupancy, and future improvement strategies according to their own investment objectives. Tucked along a quiet, secluded street surrounded by mature trees, the community is near a greenbelt and community pool, creating an appealing residential atmosphere for tenants. The property contains approximately 13,969 square feet on approximately 1.205 acres and includes a practical unit mix of thirteen one-bedroom apartments and two two-bedroom apartments. Approximately 30 on-site parking spaces include covered, assigned, open, and guest parking options. Ideally positioned for resident convenience, the property is (just around the corner) approximately 0.1 mile from Arbor Creek Elementary, 0.9 mile from Euless Junior High and 1.3 miles from Trinity High School, with grocery shopping, restaurants, coffee shops and neighborhood retail available within approximately one mile. Multiple Euless parks and recreation destinations are also located within roughly two miles. The Euless location provides convenient access to DFW International Airport, Highway 360, major thoroughfares, employment centers, and destinations throughout DFW. At a time when elevated ownership costs continue to keep many households in the rental market, an established apartment property near jobs, transportation, schools, and everyday services may offer the kind of practical housing tenants consistently seek. Buyer and buyer’s agent should independently verify all information.

Getting Around

50
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

6/10
6/10
6/10
Trinity High SchoolGrades 10-121.2 mi

Construction

Condition

  • Year built: 1985

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Brick,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Decorative/Designer Lighting Fixtures,Eat-in Kitchen,High Speed Internet,Open Floorplan,Cable TV,Vaulted Ceiling(s)
  • Flooring: Carpet,Linoleum,Luxury Vinyl Plank
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 13,969
  • Total interior livable area: 13,969 sqft

Property

Details

  • Parcel number: 06214096

Features

  • Levels: Three Or More
  • Pool features: In Ground,Outdoor Pool,Pool
  • Fencing: None

Lot

  • Lot size: 1.21 Acres

Parking

  • Total spaces: 30
  • Parking features: Additional Parking,Assigned,Covered,On Site,Open
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Tornado
Cold Wave
Heat Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,020$156,240
Home Insurance *$1,805$21,660
Property Taxes $3,304$39,648
Electricity $1,533$18,406
Total$19,662$235,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$674,125/yr
40% on housing$589,860/yr
45% on housing$524,320/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$184This listing

vs Other Active Listings

Avg $/sqft

ZIP 76039$163
Tarrant County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 76039$211
Tarrant County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-17Listed for sale$2,575,000
2026-04-01Listing removed$2,600,000
2025-12-01Listed for sale$2,600,000
2024-08-20Sold--
2024-04-11Pending sale$2,495,000
2024-03-13Listing removed--
2024-03-09Contingent$2,495,000
2024-02-09Price change$2,495,000
2023-12-28Price change$2,549,000
2023-10-11Listed for sale$2,595,000
2023-10-02Contingent$2,595,000
2023-09-25Listed for sale$2,595,000
2018-12-07Listing removed$950,000
2018-11-19Pending sale$950,000
2018-11-07Listed for sale$950,000

For Sale by Agent

AgentJoleen Skipworth
BrokerageReal Estate By Pat Gray

Similar Homes