| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2008 Terlingua Ln, Arlington, TX, 76010, US |
| Region / Metro | Arlington |
| Year of Construction | 1974 |
| Units | 102 |
| Transaction Date | 2019-04-02 |
| Transaction Price | $11,500,000 |
| Buyer | Capital by M Group, LLC |
| Seller | Place at Belmont Arlington LP |
2008 Terlingua Ln Arlington Multifamily Value-Add
Strong renter concentration and daily-needs amenities support demand durability in this inner-suburban Arlington location, according to WDSuite’s CRE market data and multifamily property research. Neighborhood occupancy is steady, with pricing power shaped by local incomes and a high-cost ownership landscape relative to earnings.
This inner-suburb neighborhood in the Fort Worth–Arlington–Grapevine metro scores a B+ and ranks 204 out of 561 metro neighborhoods, placing it above the metro median and competitive within its submarket, per WDSuite. Daily convenience stands out: grocery and restaurant density rank among the metro’s top tiers, with cafés and childcare also measuring well against national peers. Limited park access is a relative gap, and average school ratings trend below national medians—factors to consider for family-oriented leasing strategies.
Renter-occupied housing comprises a large share of units (neighborhood-level renter concentration ranks among the highest in the metro), creating a deep tenant base and supporting lease-up and retention for multifamily operators. Neighborhood occupancy is mid-pack for the metro with minimal five-year change, suggesting stable absorption even as supply cycles.
Home values are elevated versus local incomes (high value-to-income ratio ranking), which tends to sustain reliance on rentals and can support pricing discipline. At the same time, rent-to-income ratios indicate pockets of affordability pressure; investors should plan for prudent lease management and renewal strategies to protect occupancy.
Within a 3-mile radius, households have increased while population edged down slightly, and projections call for modest population growth alongside smaller average household sizes over the next five years. That combination typically expands the renter pool and supports occupancy stability, a useful input for commercial real estate analysis based on WDSuite’s dataset.
The property’s 1974 vintage is older than the neighborhood’s average construction year, pointing to typical capital planning needs but also potential value-add and modernization upside relative to newer competition.
Safety indicators sit below both metro and national benchmarks. The neighborhood’s crime rank places it in the lower half among 561 Fort Worth–Arlington–Grapevine neighborhoods, and national percentiles suggest higher incident rates than most U.S. neighborhoods. For context, recent year-over-year trends show declines in both property offenses and violent offenses, signaling incremental improvement that investors can monitor as part of underwriting and operations planning.
Proximity to major corporate offices underpins workforce housing demand and commute convenience, including Express Scripts, American Airlines Group, Kimberly-Clark, GameStop, and Celanese.
- Express Scripts — corporate offices (8.2 miles)
- American Airlines Group — corporate offices (8.3 miles) — HQ
- Kimberly-Clark — corporate offices (13.4 miles) — HQ
- GameStop — corporate offices (13.5 miles) — HQ
- Celanese — corporate offices (13.7 miles) — HQ
The investment case centers on durable renter demand, everyday amenity access, and value-add potential. Renter-occupied share is high at the neighborhood level, supporting a sizable tenant base, while grocery, dining, and services density help drive retention. Elevated ownership costs relative to incomes reinforce reliance on rentals, although rent-to-income readings point to selective affordability pressure that warrants disciplined renewal and concession strategy. Based on CRE market data from WDSuite, neighborhood occupancy has been steady over time, which can support income stability through cycles.
Built in 1974, the property may require systems upgrades and exterior/interior renovations, creating opportunities to modernize and reposition against newer stock. Within a 3-mile radius, household counts have risen and are projected to grow further as average household sizes decline—conditions that typically expand the renter pool and support occupancy and leasing velocity over the medium term.
- High neighborhood renter concentration supports a deep tenant base
- Dense grocery, dining, and services aid retention and day-to-day livability
- 1974 vintage offers renovation and repositioning potential relative to newer assets
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: below-median school ratings, safety metrics below national norms, and pockets of affordability pressure affecting renewals