| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 49th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Ashcroft Ln, Arlington, TX, 76006, US |
| Region / Metro | Arlington |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2020-10-29 |
| Transaction Price | $15,187,500 |
| Buyer | BMF IV TX ASPEN COURT LLC |
| Seller | BEDROCK HOLDINGS II DALLAS LLC |
2300 Ashcroft Ln Arlington TX Multifamily Investment
Neighborhood fundamentals point to steady occupancy and a deep renter base; according to CRE market data from WDSuite, the area’s rental demand has held up with room for disciplined value creation. Investors can underwrite with cautious confidence given stabilized tenancy patterns and resilient local services.
Arlington’s Inner Suburb setting offers practical livability for renters, with grocery and pharmacy access performing above metro norms while parks and cafés are limited. Within the Fort Worth–Arlington–Grapevine metro (561 neighborhoods), amenity access is competitive among peers, but everyday convenience is anchored more by essentials than by leisure options.
For investors, the key signal is tenure: the neighborhood’s share of renter-occupied housing ranks in the top decile among 561 metro neighborhoods, supporting a deeper tenant base and helping stabilize lease-up and renewal activity. Neighborhood occupancy also sits competitive among metro peers, which, based on CRE market data from WDSuite, reflects durable renter demand rather than short-term volatility.
Demographics aggregated within a 3-mile radius show recent population and household growth, with additional expansion projected by 2028. A modest decrease in average household size suggests continued renter pool expansion and supports absorption across smaller formats—useful for managing turnover and sustaining occupancy.
Ownership costs sit in a mid-range context for the region, which can sustain reliance on rental housing and bolster pricing power without pushing rent-to-income ratios into elevated risk. School quality trends below national averages, so retention strategies may skew toward adult and workforce renters, aided by nearby employment nodes and commuter connectivity.
Safety trends warrant prudent underwriting. Compared with neighborhoods nationwide, the area sits in a lower national safety percentile, indicating higher reported crime levels. Within the Fort Worth–Arlington–Grapevine metro (561 neighborhoods), it performs below the metro average, so operators should plan for appropriate security measures and resident engagement to support retention.
Recent momentum is mixed: property crime has eased year over year, while violent crime has increased over the same period. Framing these trends comparatively rather than block-by-block is prudent; investors can reflect these conditions in operating budgets (lighting, access controls, monitoring) and leasing assumptions.
A strong corporate presence nearby underpins workforce housing demand and commute convenience, notably across airlines, healthcare services, and corporate headquarters including American Airlines Group, Express Scripts, GameStop, Kimberly-Clark, and Celanese.
- American Airlines Group — airlines HQ & corporate (4.3 miles) — HQ
- Express Scripts — healthcare services (4.4 miles)
- Gamestop — retail corporate (9.1 miles) — HQ
- Kimberly-Clark — consumer goods corporate (10.4 miles) — HQ
- Celanese — chemicals corporate (10.7 miles) — HQ
This 20-unit multifamily asset benefits from a high renter-occupied housing share in the surrounding neighborhood and occupancy that is competitive within the Fort Worth–Arlington–Grapevine metro, supporting income stability. Nearby grocery and pharmacy density enhances daily convenience, while a broad corporate employment base within a 15-mile radius reinforces a steady tenant pipeline. According to CRE market data from WDSuite, rent levels and homeownership costs in this area support continued reliance on multifamily housing without signaling outsized affordability pressure.
Within a 3-mile radius, both population and households have grown in recent years, with further increases projected—pointing to a larger tenant base and ongoing demand for rental units. Primary underwriting considerations include modest leisure amenities, below-average school scores, and a safety profile that requires standard security planning, all of which can be managed with targeted operations and resident services.
- Deep renter base and competitive neighborhood occupancy support cash flow stability
- Essential retail access supports daily convenience and resident retention
- 3-mile population and household growth expand the tenant pool
- Risks: below-average school scores and safety require security planning and targeted retention