| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 29th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1121 Uta Blvd, Arlington, TX, 76013, US |
| Region / Metro | Arlington |
| Year of Construction | 2011 |
| Units | 70 |
| Transaction Date | 2017-12-12 |
| Transaction Price | $14,200,000 |
| Buyer | Redbridge Capital, LLC |
| Seller | --- |
1121 Uta Blvd Arlington 70-Unit Multifamily
Newer 2011 construction near major employment hubs and a high renter concentration supports steady tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy has trended up, with relative affordability versus homeownership reinforcing renter reliance.
The property sits in an Inner Suburb pocket of Arlington where renter-occupied housing accounts for a large share of units (80.1% of neighborhood housing is renter-occupied). For investors, that depth of renter base points to consistent leasing velocity and a wider pool of prospects, even as asset-level execution remains key.
Local livability signals are mixed but investable. Dining density ranks competitive among Fort Worth–Arlington–Grapevine neighborhoods (amenities rank 178 of 561; restaurants in the 94th percentile nationally), and park access is a strength (95th percentile nationally). Pharmacies index well (86th percentile). By contrast, cafes and full-service groceries are sparse within the neighborhood footprint, suggesting residents draw from nearby corridors for certain errands.
At the neighborhood level, occupancy is 85.6% and has improved over the past five years; however, relative positioning is below the metro median (rank 495 of 561). Offsetting that, neighborhood NOI per unit performance trends in the top quartile nationally (75th percentile), indicating comparable assets can still perform with the right rent position and operations. The area’s value-to-income ratio ranks near the top of U.S. neighborhoods (97th percentile), signaling a high-cost ownership market relative to incomes—conditions that generally sustain renter demand and support lease retention.
Vintage matters here: the average neighborhood construction year is 1968, while this asset was built in 2011. Being materially newer than the surrounding stock positions the property competitively versus older assets and may limit near-term capital needs relative to peers, while still warranting standard system upkeep and selective modernization to sharpen positioning.
Demographics within a 3-mile radius show population growth over the last five years (about 5.6%) and a similar increase in households (about 5.5%), expanding the renter pool. Forecasts point to continued household growth by 2028 and rising contract rents, which supports occupancy stability and rent pacing, based on CRE market data from WDSuite.
Safety conditions warrant measured underwriting. The neighborhood’s crime profile sits below national norms (around the 37th percentile for safety nationally), and its position within the metro is weaker than many peers (rank 320 among 561 metro neighborhoods). That said, recent trendlines are constructive: estimated property offenses fell materially year over year and violent offense estimates also declined, both improving faster than many neighborhoods nationwide. Investors should underwrite with current comps and continue to monitor trend durability rather than assuming linear improvement.
Proximity to large corporate employers underpins renter demand and commute convenience, particularly for aviation, pharmacy services, retail, and homebuilding roles highlighted below.
- American Airlines Group — aviation HQ (7.5 miles) — HQ
- Express Scripts — pharmacy services (7.7 miles)
- Gamestop — retail HQ (11.7 miles) — HQ
- D.R. Horton — homebuilding HQ (12.2 miles) — HQ
- Ball Metal Beverage Packaging — manufacturing (12.7 miles)
1121 Uta Blvd offers investors a 2011-built, 70-unit multifamily asset in an Inner Suburb location with a notably high share of renter-occupied housing and improving neighborhood occupancy. The property’s newer vintage relative to the area’s older stock provides competitive positioning for leasing and may temper near-term capital expenditure needs, while targeted upgrades can further differentiate against 1960s-era comparables.
Demand fundamentals are supported by a growing 3-mile population and household base, strong proximity to major employers, and neighborhood dynamics that favor renting over ownership. According to commercial real estate analysis from WDSuite, the neighborhood’s NOI-per-unit profile trends in the top quartile nationally, and ownership costs relative to incomes remain elevated—factors that can support pricing power if operations and unit finishes are aligned to local affordability. Key risks include below-metro occupancy positioning and safety metrics that, while improving, require ongoing monitoring and disciplined leasing strategy.
- 2011 construction offers competitive positioning versus older neighborhood stock and manageable near-term capex planning
- High renter-occupied share and growing 3-mile household base support tenant demand and occupancy stability
- Proximity to major employers underpins leasing velocity and retention for workforce renters
- Neighborhood NOI-per-unit trends in the top quartile nationally, supporting income performance with sound operations
- Risk: neighborhood occupancy ranks below the metro median and safety requires careful underwriting and monitoring