| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 41st | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 209 S Grand Ave, Mabank, TX, 75147, US |
| Region / Metro | Mabank |
| Year of Construction | 1983 |
| Units | 42 |
| Transaction Date | 2013-03-05 |
| Transaction Price | $1,163,000 |
| Buyer | MABANK RESIDENTIAL APARTMENTS LP |
| Seller | MABANK 1983 LTD |
209 S Grand Ave, Mabank TX Multifamily Investment
Steady renter demand and average neighborhood occupancy support a practical, income-focused strategy, according to WDSuite’s CRE market data. With an older 1983 vintage relative to local stock, the asset may offer value-add potential while benefiting from a growing 3-mile renter base.
Mabank’s suburban setting offers a balanced operating backdrop for workforce housing. Neighborhood occupancy trends sit near the national middle, which can support leasing consistency, while the share of renter-occupied housing units is comparatively high versus national peers. That renter concentration points to a deeper tenant base and demand durability for a 42-unit property.
Local amenities are limited relative to urban cores, but park and pharmacy access align above national midpoints, and average school ratings sit around the national middle. For investors, that mix suggests day-to-day livability with some convenience anchors, even if lifestyle amenities are thinner than in larger Dallas–Fort Worth submarkets.
Home values in the neighborhood are lower than many major Texas metros, and rent-to-income levels suggest manageable affordability pressure, which can aid retention and reduce turnover risk. In this context, modest rent positioning can sustain pricing power without overextending residents, an important lever for occupancy stability.
The average neighborhood construction year skews newer than 1983, making this asset older than surrounding stock. That typically translates to targeted capital planning and renovation upside—modernizations can help the property compete against newer deliveries while creating scope for revenue enhancement.
Within a 3-mile radius, population and household counts have been expanding, with forecasts pointing to continued growth over the next five years. A larger local tenant base supports leasing velocity and helps cushion vacancy during market softness, particularly for well-managed, value-oriented communities.
Safety signals are mixed but manageable for underwriting. Neighborhood violent-offense indicators compare favorably to many U.S. neighborhoods (high national percentile implies relatively safer conditions on this dimension), while property-offense measures sit in a better-than-average national band. Overall crime positioning trends near the national middle, suggesting investors should underwrite standard security measures and monitor changes over time rather than assume outsized risk or advantage.
As always, crime patterns can shift, so incorporating recent trend checks and vendor feedback during diligence is prudent, especially if renovations are contemplated that could temporarily affect site controls.
Nearby employment helps support renter demand through commute convenience, led by regional insurance offices.
- State Farm Insurance — insurance services (2.3 miles)
This 42-unit, 1983-vintage asset presents an attainable entry point with value-add potential in a suburban Dallas–Fort Worth orbit. According to CRE market data from WDSuite, the neighborhood’s occupancy runs around the national middle while the renter-occupied share is comparatively high, supporting depth of demand. Rent-to-income positioning indicates manageable affordability pressure—favorable for retention—while 3-mile demographics point to continued population and household growth that can expand the renter pool.
The primary execution hinges on targeted upgrades to close the competitive gap with newer stock, balanced by disciplined expense control. Sparse lifestyle amenities mean marketing should emphasize practical livability and commute access, with underwriting that assumes steady—not outsized—rent growth alongside vigilant monitoring of local safety trends.
- High renter-occupied share versus national peers supports a deeper tenant base and leasing stability.
- 1983 vintage offers renovation and repositioning upside to compete with newer inventory.
- Rent-to-income positioning suggests room for durable retention and disciplined pricing.
- 3-mile population and household growth expands the future renter pool and supports occupancy.
- Risks: thinner amenity density and mixed safety signals warrant conservative lease-up and operating assumptions.