| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 62nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 323 W Belt Line Rd, Cedar Hill, TX, 75104, US |
| Region / Metro | Cedar Hill |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
323 W Belt Line Rd Cedar Hill 24-Unit Multifamily
Neighborhood renter concentration is roughly half of housing units and occupancy trends sit in the low-90s, supporting demand stability according to WDSuite’s CRE market data.
Located in an Inner Suburb of the Dallas–Plano–Irving metro, the property benefits from established retail and service nodes along Belt Line Rd and commuter connectivity into major job centers. Amenity access is competitive for suburban Dallas: cafes and pharmacies test above national averages, while restaurants and everyday retail are solidly represented. Park access is limited locally, which places a premium on on-site open space and resident amenities for retention.
For multifamily fundamentals, neighborhood occupancy trends are steady in the low-90s, indicating durable renter demand rather than oversupply. Market rents in the surrounding area skew on the higher side versus national norms, signaling revenue potential but also the need for thoughtful lease management to maintain retention. The neighborhood s renter-occupied share is elevated relative to most areas nationally, pointing to a deep tenant base for a well-operated 24-unit asset.
The asset s 1978 vintage is older than the neighborhood s average construction year, creating a clear value-add path through targeted interior modernization and systems upgrades. This positioning can enhance competitive standing against newer stock while requiring disciplined capital planning.
Within a 3-mile radius, recent population has been roughly flat to slightly softer while household counts are expected to increase alongside smaller average household sizes over the next few years. This shift typically expands the renter pool and supports occupancy stability. Rising household incomes in the 3-mile area further underpin the ability to support rent growth, while a high-cost ownership market in parts of the Dallas metro sustains reliance on multifamily housing rather than for-sale alternatives.
Neighborhood-level safety statistics are not available in this dataset. Investors commonly benchmark property performance and resident experience against comparable Dallas Plano Irving submarkets and evaluate on-site measures (lighting, access controls, visibility) alongside local trends when underwriting.
Proximity to major Dallas corporate headquarters supports a broad commuter tenant base and helps stabilize leasing through cycle turns. Key nearby employers include telecommunications, healthcare, engineering, building materials, and energy.
- AT&T telecommunications (15.8 miles) HQ
- Tenet Healthcare healthcare services (16.0 miles) HQ
- Jacobs Engineering Group engineering & professional services (16.2 miles) HQ
- Builders Firstsource building materials (16.2 miles) HQ
- Hollyfrontier energy (16.4 miles) HQ
This 24-unit 1978 asset in Cedar Hill offers a straightforward value-add thesis: an older vintage relative to neighborhood stock presents scope for interior updates and building systems improvements to elevate positioning against newer comparables. Neighborhood occupancy trends in the low-90s and an above-average renter concentration indicate depth of tenant demand and potential for stable cash flow with disciplined operations.
Within a 3-mile radius, households are projected to grow as average household size declines, effectively widening the renter pool and supporting leasing durability. Higher local rent positioning versus national norms suggests revenue potential, while rising incomes provide a cushion for pricing power. According to CRE market data from WDSuite, these dynamics align with sustained demand in Inner Suburb locations tied to Dallas job centers, though operators should balance rent strategy with resident affordability to protect retention.
- Value-add upside from a 1978 vintage through targeted renovations and systems upgrades
- Stable neighborhood occupancy in the low-90s supports cash flow durability
- Elevated renter-occupied share indicates a deep tenant base for a 24-unit asset
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: older building capex needs and limited nearby park access require proactive amenity and retention strategy