| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 69th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 E Main St, Midlothian, TX, 76065, US |
| Region / Metro | Midlothian |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 E Main St Midlothian Multifamily Opportunity
Neighborhood occupancy is exceptionally tight and renter demand is reinforced by strong incomes, according to WDSuite’s CRE market data; note these occupancy metrics describe the surrounding neighborhood, not the property itself.
This B+ suburban neighborhood in the Dallas–Plano–Irving metro is competitive among metro peers (374 of 1,108), offering a stable backdrop for multifamily assets. Restaurant and grocery access are moderate for a suburban setting, while cafes, parks, and childcare options are less dense, suggesting most daily needs are met locally but some amenities may require short drives.
Neighborhood schools average above national norms, supporting family-oriented renter appeal. Median contract rents in the neighborhood sit above national medians, and the neighborhoods occupancy is among the strongest in the metro. These metrics describe the neighborhood, not this specific asset, but they signal durable leasing conditions for well-run properties.
Within a 3-mile radius, demographics indicate robust household formation and population growth over the past five years, with additional increases projected, pointing to a larger tenant base over time. Median household incomes are high locally, and the rent-to-income profile suggests room to manage pricing without overextending typical renters, supporting retention and occupancy management.
Ownership costs are elevated relative to many U.S. areas, which can sustain reliance on rental options; however, the metros value-to-income relationship is more accessible than in many high-cost markets, implying some competition with ownership. For investors, the owner-leaning tenure in the neighborhood translates to a limited multifamily supply and consistent depth for quality rentals, though scaling unit counts in the immediate area may be constrained.
Compared with neighborhoods nationwide, this area trends safer than average, with property and violent offense measures in stronger national percentiles. At the metro level, it performs above many Dallas–Plano–Irving neighborhoods. These indicators describe neighborhood conditions rather than block-level or property-specific risk.
Recent trends are mixed: estimated property offenses have improved year over year, while violent offense estimates moved unfavorably over the same period. Investors should view safety as part of a broader underwriting framework, incorporating local management practices and standard risk controls.
Commuting access to major corporate offices supports a broad renter base across telecom, healthcare, engineering, and corporate services, aiding leasing stability for workforce and professional tenants.
- Ball Metal Beverage Packaging corporate offices (22.3 miles)
- AT&T telecom corporate offices (23.5 miles) HQ
- Tenet Healthcare healthcare corporate offices (23.7 miles) HQ
- Express Scripts pharmacy benefits corporate offices (23.8 miles)
- Jacobs Engineering Group engineering corporate offices (23.8 miles) HQ
Built in 1976 across 36 units with average floor plans near 721 square feet, the property is older than much of the surrounding stock, creating clear value-add and capital planning angles (interiors, systems, common areas) to compete with newer deliveries. Neighborhood dynamics are favorable: occupancy is exceptionally strong at the neighborhood level, rents are above national norms, and incomes are high, supporting stable tenancy and measured pricing power. According to commercial real estate analysis from WDSuite, the surrounding areas owner-leaning tenure reduces direct multifamily competition while demographics point to a growing renter pool.
Within a 3-mile radius, recent and forecast growth in population and households expands the tenant base, supporting occupancy stability and absorption for renovated units. Elevated home values in the area sustain reliance on rentals, though more accessible value-to-income ratios versus many U.S. markets mean some renters may consider ownership over longer horizonsan underwriting consideration for lease management and renewal strategies.
- Tight neighborhood occupancy and high-income renter base support leasing stability
- 1976 vintage offers value-add upside to compete with newer 2010s-era stock
- 3-mile radius shows population and household growth, expanding the renter pool
- Elevated ownership costs reinforce rental demand and measured pricing power
- Risk: owner-leaning tenure and amenity-light pockets can slow lease-up without targeted upgrades