| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 32nd | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 325 NE 5th St, Grand Prairie, TX, 75050, US |
| Region / Metro | Grand Prairie |
| Year of Construction | 1981 |
| Units | 56 |
| Transaction Date | 2002-11-11 |
| Transaction Price | $1,187,500 |
| Buyer | LEE WILLOW WOOD PARTNERS LP |
| Seller | LY & LEE PARTNERSHIP |
325 NE 5th St Grand Prairie Multifamily Investment
Inner-suburban location with durable renter demand and broadly stable neighborhood occupancy, according to WDSuites CRE market data.
This Inner Suburb area of Grand Prairie offers day-to-day convenience that supports leasing: restaurants and groceries are competitive among 1,108 Dallas-Plano-Irving neighborhoods, while parks and pharmacies sit above the metro median. Cafe access is reasonable for the area, though dedicated childcare options are limited nearby, which may influence tenant mix.
Neighborhood occupancy sits in the low-90s with a modest multi-year uptick, suggesting resilient absorption through cycles. Rents are around local mid-market levels and have advanced over the past five years, reinforcing steady working-household demand. For clarity, these observations reflect neighborhood conditions, not the subject propertys occupancy.
Renter concentration is high, with roughly six in ten housing units renter-occupied. That places the neighborhood in the top decile nationally and indicates a deep tenant base that can support leasing velocity and retention for multifamily assets. Home values and the value-to-income profile point to a relatively high-cost ownership market for many households, which tends to sustain reliance on rental housing.
Within a 3-mile radius, demographics show a stable-to-slightly contracting population but an increase in household counts and smaller household sizes. This combination typically expands the pool of renting households and supports occupancy stability. Projections indicate further household growth and rising incomes through the mid-term, providing a constructive backdrop for rent setting and renewals. These views draw on multifamily property research from WDSuite.
Asset vintage context: The propertys 1981 construction is newer than the neighborhoods average vintage (1960s), offering a relative edge versus older stock; investors should still plan for modernization and system upgrades typical of assets of this era.
Safety metrics are mixed relative to peers. Within the Dallas-Plano-Irving metro, the neighborhood ranks in the lower half on crime among 1,108 neighborhoods, and its national standing is also below average. Recent trends are nuanced: property offenses have edged down year over year, while violent offenses have increased. These conditions call for pragmatic operating measures and realistic underwriting rather than alarm.
For context, investors often calibrate expectations by comparing similar inner-suburban assets across the metro, prioritizing lighting, access control, and resident engagement to support retention.
Nearby corporate offices underpin a diverse employment base that supports renter demand and commute convenience, including Express Scripts, American Airlines Group, Kimberly-Clark, Celanese, and Xerox.
- Express Scripts corporate offices (5.6 miles)
- American Airlines Group airlines (6.1 miles) HQ
- Kimberly-Clark consumer products (8.8 miles) HQ
- Celanese chemicals (9.0 miles) HQ
- Xerox corporate offices (10.0 miles)
325 NE 5th St sits in a Grand Prairie neighborhood with solid day-to-day amenities, strong renter concentration, and broadly stable occupancy. The areas ownership cost context supports sustained reliance on rentals, and a 3-mile view shows household counts trending up even as population is flat to slightly down, expanding the tenant base. The 1981 vintage is newer than the local average stock, offering a competitive position versus older assets while still warranting targeted modernization.
According to CRE market data from WDSuite, the neighborhoods rent and occupancy profile aligns with steady working-household demand, while proximity to major employers adds depth to the leasing funnel. Forward-looking household and income gains provide a constructive setup for retention and measured pricing power, though investors should underwrite safety and school-quality considerations alongside typical capital plans for 1980s assets.
- High renter-occupied share supports a deep tenant base and leasing stability
- Occupancy trends in the low-90s with steady five-year directionality
- 1981 vintage is competitive versus older area stock; scope for modernization/value-add
- Proximity to major employers enhances retention and reduces commute friction
- Risks: below-average safety metrics and lower school ratings; underwrite security, resident experience, and CapEx