Buying In Richardson, TX
Sell Your Commercial Property In Richardson, TX
From CityLine to Spring Valley, we buy Richardson multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Richardson Submarkets: CityLine · Canyon Creek · Spring Valley · Addison — Dallas County and Collin County, TX
Local Demand
Our View On Richardson
Richardson, TX sits in the Telecom Corridor along U.S. 75 in North Dallas, split between Dallas County and Collin County. Its 118,731 residents (ACS 2020-2024) show a renter share near half of occupied housing and a 5+ unit apartment stock covering more than a third of all units. An owner who wants to sell commercial property in Richardson, TX needs current rent, tax and landlord-rule data first, and this profile covers the ACS 2020-2024 housing figures, HUD's FY2027 fair market rents, 2025 county tax rates, and the state rules that apply to a sale here.
UT Dallas
The University of Texas at Dallas enrolled 30,139 students for fall 2025 at its Richardson campus on West Campbell Road.DART rail access
DART's Red and Orange lines both stop at Galatyn Park Station in Richardson, linking the city to downtown Dallas and Plano.CityLine office campus
State Farm occupies four office towers totaling 2.1 million square feet at CityLine, keeping selling commercial property in Richardson an active niche for investors.Our Buy Box
What We Buy In Richardson
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Richardson Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Richardson, TX
Renter-occupied units make up 49.3% of the 45,818 occupied housing units in Richardson, TX, per the ACS 2020-2024 5-year estimates. Buildings with 5 or more units cover 35.7% of the city's 47,960 housing units, and the median structure dates to 1986, with 43.9% built before 1980.
That older share matters to anyone ready to sell your apartment building in Richardson, since pre-1980 assets often carry deferred capital needs priced into the cap rate.
Rents and affordability under HUD's FY2027 fair market rents
HUD's FY2027 two-bedroom fair market rent for the Dallas, TX HUD Metro FMR Area is $1,807 a month, effective October 1, 2026. Richardson's own median gross rent is $1,857 a month under the ACS 2020-2024 estimates.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,491 |
| One-bedroom | $1,536 |
| Two-bedroom | $1,807 |
| Three-bedroom | $2,275 |
| Four-bedroom | $2,892 |
Rent burden runs high here: 47.5% of renter households spend 30% or more of income on gross rent, and 23.2% spend 50% or more.
Property taxes in Dallas and Collin counties
A $2,000,000 property in the Dallas County portion of Richardson, TX carries a combined 2025 tax-year rate of $2.181455 per $100, for a bill of $43,629.10 — stacking the City of Richardson's $0.542180, Dallas County's $0.215500, the Hospital District's $0.212000, the Community College District's $0.106575 and Richardson ISD's $1.105200.
The same property in the Collin County portion carries a combined rate of $1.812293 per $100, for $36,245.86 — city rate plus Collin County's $0.149343, Collin College's $0.081220 and Plano ISD's $1.039550. An owner who wants to sell commercial property in Richardson, TX before year-end should weigh that roughly $7,383 gap. Texas levies no state or local transfer tax on a deed; only a recording fee applies at closing.
Landlord rules in Richardson, TX
Texas Property Code Section 92.103 requires a security deposit refund within 30 days of surrender. Section 92.019 caps late fees at 10% of rent for buildings over four units, after a two-day grace period, with written notice in the lease. Section 24.005 sets a default 3-day notice to vacate before a forcible-detainer filing, unless the lease states otherwise.
Local Government Code Section 214.902 blocks rent control unless the governor approves one during a declared disaster emergency, so Richardson, TX cannot set its own. Before you sell commercial real estate in Richardson, TX, confirm the buyer understands these obligations carry over with existing leases.
What it means for an owner
With renter households near half of occupied units and 5+ unit buildings covering over a third of the stock, Richardson, TX remains an active multifamily market across both counties. Owners who decide to sell commercial property in Richardson, TX this cycle can start with a current valuation using the cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings directly — visit Sell My Apartment Building for a cash offer on a Richardson property.
Seller Notes
Selling In Richardson
More about selling in Texas →Investing in Richardson? See apartment syndications in Richardson →
- Owners who plan to sell commercial real estate in Richardson, TX should confirm current county and ISD tax rates first.
- Rental vacancy in Richardson, TX was 5.2% under the ACS 2020-2024 estimates.
- The 2020 Census splits Richardson's population 66.1% in Dallas County and 33.9% in Collin County.
Seller Guides
Selling In Richardson? Common Situations We Handle
Learn More
Taxes & Rules For Richardson Property
The Texas rules that shape any deal in Richardson: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Richardson Seller FAQ
Is now a good time to sell commercial property in Richardson, TX?
With 35.7% of Richardson's housing stock in buildings of 5 or more units and renters paying a median $1,857 a month under the ACS 2020-2024 estimates, demand for multifamily assets here has stayed steady, which supports current valuations for sellers.
What's the fastest way to sell commercial real estate in Richardson, TX?
A direct sale to a buyer who already owns in Dallas-Fort Worth, like Skyline Capital Investments, usually closes faster than listing broadly, since it skips marketing time and financing contingencies on a $2,000,000-plus asset.
Does the county a Richardson property sits in change what I'll net at closing?
Yes. A $2,000,000 property in the Dallas County portion owes about $43,629 in 2025 property tax at the combined local rate, versus about $36,246 in the Collin County portion, so owners who sell multifamily property in Richardson should confirm their county first.
What notice does a Richardson landlord have to give before eviction?
Texas Property Code Section 24.005 requires at least 3 days' written notice to vacate before a forcible-detainer filing, unless the lease sets a different period, and this obligation transfers to a buyer at closing.
Can Richardson, TX adopt its own rent control?
No. Texas Local Government Code Section 214.902 preempts local rent control unless the governor approves it during a declared disaster emergency, so Richardson, TX property owners are not subject to a city rent-control ordinance.
Do I need to fix up my Richardson building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Richardson apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Richardson?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Richardson?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Tell Us About Your Property In Richardson
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
