| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 32nd | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 122 E Church St, Grand Prairie, TX, 75050, US |
| Region / Metro | Grand Prairie |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
122 E Church St Grand Prairie Multifamily Investment
Based on CRE market data from WDSuite, neighborhood indicators point to durable renter demand with a high share of renter-occupied units and occupancy levels that have trended steady, supporting income stability for this 24-unit 1982 asset.
The property sits in an Inner Suburb of the Dallas-Plano-Irving metro that ranks above the metro median among 1,108 neighborhoods (neighborhood rating: B). Amenity access is a relative strength: restaurants, cafes, groceries, parks, and pharmacies all benchmark in the top quartile nationally, helping with day-to-day convenience and renter retention.
Neighborhood occupancy is in the mid-90s and has edged up over the last five years, indicating stable leasing conditions. The renter-occupied share is high for the metro, signaling a deep tenant base and steady multifamily demand rather than reliance on for-sale housing turnover.
Within a 3-mile radius, households have grown in recent years and are projected to increase further by 2028, even as average household size trends down. This mix—more households and slightly smaller sizes—typically supports a larger renter pool and can help sustain occupancy and lease-up velocity.
Construction year for the asset is 1982, newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock while leaving room for targeted modernization or common-area upgrades to enhance rents and reduce friction on turns.
Safety metrics for the neighborhood trend below the national median, indicating higher crime exposure than many U.S. neighborhoods. Year over year, reported estimates show property offenses ticking down while violent offenses have risen, a mixed pattern investors should monitor when underwriting retention and operating practices.
Compared with the broader Dallas-Plano-Irving area, the neighborhood trails the metro median on safety but remains broadly consistent with inner-suburban dynamics. Operators often address this through lighting, access control, and community engagement to support resident comfort and lease stability.
Proximity to major employers supports workforce housing demand and commute convenience. Nearby employers span pharmacy benefit management, airlines, chemicals, and energy, providing a diversified employment base that can aid leasing stability.
- Express Scripts — pharmacy benefit management (5.6 miles)
- American Airlines Group — airline (6.1 miles) — HQ
- Kimberly-Clark — consumer products (9.0 miles) — HQ
- Celanese — chemicals (9.2 miles) — HQ
- Exxon Mobil — energy (10.3 miles) — HQ
122 E Church St offers a 24-unit 1982 vintage in an Inner Suburb submarket where amenity access benchmarks well nationally and neighborhood occupancy has held firm. The asset’s newer-than-area-average vintage provides relative competitiveness versus older stock, with potential to capture value through targeted renovations and operating improvements. According to CRE market data from WDSuite, the surrounding neighborhood maintains steady occupancy and a high renter-occupied share, supporting depth of tenant demand.
Within a 3-mile radius, households have increased and are projected to grow further while household sizes trend smaller—conditions that typically expand the renter pool and support leasing. Ownership costs sit near national norms, suggesting some competition from entry-level ownership; however, rent-to-income positioning around the national median indicates manageable affordability pressure and room for disciplined pricing without overreliance on aggressive concessions.
- Stable neighborhood occupancy and high renter concentration sustain tenant demand
- 1982 vintage is competitive versus older local stock with value-add potential
- Strong amenity access and proximity to major employers aid retention
- Risk: safety metrics trail national medians; underwriting should budget for security and community enhancements