Off-market Texas multifamily for your 1031 replacement

It depends on whether you want stabilized cash flow or value-add. Suburban DFW corridors like Frisco, Allen, McKinney, and North Fort Worth keep absorbing units, while older Class B stock in Houston's Galleria, Westchase, and Northwest Houston near Bear Creek draws value-add buyers. San Antonio's Far Northwest and Central Texas markets are tightening as new construction slows.

Texas worked through a heavy supply wave, and deliveries are tapering across DFW, Austin, and San Antonio. Concessions are still common in oversupplied pockets like Austin, so underwrite to submarket absorption, not metro averages. For a 1031 buyer on the 45-day clock, the tighter listing inventory makes off-market sourcing more useful than the open web.

Multifamily trades on the rent roll, not a single tenant's credit. Look at unit count and mix, in-place rents versus market, concession burn-off, occupancy trend, and lease expiration stacking. In Texas you also want property tax reassessment exposure and insurance cost, both of which move net operating income hard and can swing whether a stabilized deal pencils.

Before any NDA you see asset type, the submarket, a tenant profile, and headline terms. The full address, the complete rent roll, and trailing financials unlock once both sides sign an NDA through DocuSign, usually within 24 hours. Messaging with the broker stays locked until that NDA is complete.

A human Exchango admin reviews your uploaded 1031 exchange document before any broker can see you, so the verified badge has a person behind it, not an automated check. Inventory is posted directly by Texas commercial brokers on a monthly subscription whose email domains are allowlisted. Nothing is scraped or aggregated from public listings, and closing runs off-platform through your QI and title company.