| 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 | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
323 W Belt Line Rd, Cedar Hill TX — Value-Add Multifamily
Neighborhood occupancy has trended in the low-90s with solid renter demand, according to WDSuite s CRE market data, suggesting stable leasing dynamics for a thoughtfully managed renovation plan.
Rated A- and positioned as an Inner Suburb, this neighborhood ranks 210 out of 1,108 in the Dallas-Plano-Irving metro top quartile among metro neighborhoods. That relative standing reflects balanced livability and investment appeal, with occupancy above national midpoints and tenant demand supported by a substantial renter-occupied share at the neighborhood level.
Amenities are competitive for daily needs: cafes rank in the higher national percentiles, pharmacies are above average, and grocery access is moderate; park access is limited locally. For multifamily investors, this mix typically supports everyday convenience and retention, though the scarcity of parks may temper some lifestyle-driven demand.
Rents in the neighborhood benchmark in the top quartile nationally, while the neighborhood s rent-to-income ratio is relatively contained, which can support lease stability and pricing power without acute affordability pressure. Median home values sit near national mid-range levels, indicating a high-cost ownership market is not the primary driver here; ownership remains accessible enough that apartments may compete with entry-level buying, a consideration for underwriting.
Demographic data within a 3-mile radius show recent population softness but a projected near-term increase in households alongside smaller average household sizes. That pattern can expand the renter pool and support occupancy stability even if population growth is modest, based on CRE market data from WDSuite.
Comparable safety data for this neighborhood are not available in the current release. Investors typically benchmark neighborhood safety trends against the broader Dallas-Plano-Irving metro and national patterns when data are published. Without current figures, prudent underwriting would incorporate a range of outcomes and emphasize property-level security, lighting, and resident engagement programs.
Proximity to major corporate headquarters and offices in greater Dallas supports a diversified employment base and commuter convenience for renters, including AT&T, Tenet Healthcare, Jacobs Engineering Group, Builders FirstSource, and HollyFrontier.
- 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
Built in 1973, the property is older than the neighborhood s average vintage, pointing to clear value-add potential through targeted renovations and systems upgrades. At the neighborhood level, occupancy has held above national medians with a high renter-occupied share, and rents benchmark in the upper national tiers ogether indicating a sizable tenant base and potential for durable cash flow, per commercial real estate analysis supported by WDSuite s data.
Within a 3-mile radius, households are expected to grow while average household sizes trend lower a setup that typically expands the renter pool and supports leasing velocity. Ownership costs are not prohibitive relative to incomes, so underwriting should account for some competition from entry-level buying, balanced by the neighborhood s convenience amenities and commute access to major employers.
- Neighborhood occupancy above national midpoints supports leasing stability.
- 1973 vintage creates actionable value-add and capex-driven upside.
- Rents in upper national tiers with manageable rent-to-income dynamics aid retention.
- 3-mile household growth and smaller household sizes expand the renter pool.
- Risks: limited park access and accessible homeownership options may compete with rentals; aging systems require capital planning.