| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Ridge Run Rd, Arlington, TX, 76014, US |
| Region / Metro | Arlington |
| Year of Construction | 1983 |
| Units | 92 |
| Transaction Date | 2012-07-01 |
| Transaction Price | $5,400,000 |
| Buyer | Heather Glen Equity |
| Seller | HGT Ltd Partnership |
2300 Ridge Run Rd Arlington Multifamily Investment
Neighborhood occupancy remains exceptionally tight, supporting leasing stability and steady renter demand according to WDSuite’s CRE market data.
Located in Arlington’s inner suburb of Tarrant County, the property sits in a renter-oriented neighborhood where the share of housing units that are renter-occupied is high, signaling depth in the tenant base and demand resilience. Neighborhood occupancy ranks 1 out of 561 metro neighborhoods, indicating among the strongest occupancy conditions in the Fort Worth–Arlington–Grapevine metro, based on CRE market data from WDSuite.
Everyday amenities are mixed: grocery access scores well by national comparison, while cafes, parks, and pharmacies are limited locally. Average school ratings in the neighborhood track below national norms, which can influence renter profiles and marketing strategy. Median contract rents in the neighborhood benchmark above national medians, yet rent-to-income levels suggest room for retention-focused pricing and reduced turnover risk versus higher-burden markets.
Within a 3-mile radius, the population has been stable, while households have increased and are projected to expand further by 2028 alongside smaller average household sizes. This points to a gradual renter pool expansion and supports occupancy stability for well-managed assets. Income trends within this 3-mile area have risen meaningfully over the past five years and are forecast to continue, reinforcing demand for quality, professionally managed rentals.
The asset’s 1983 vintage is older than the neighborhood’s average construction year, suggesting straightforward value-add potential through targeted renovations and systems upgrades. That positioning can enhance competitive standing against newer stock while requiring proactive capital planning to sustain performance.
Safety indicators should be contextualized at the neighborhood level. The neighborhood’s crime ranking is 387 out of 561 metro neighborhoods, placing it below the metro average for safety. Nationally, the area falls below the median for safety, according to WDSuite. Property-related offenses have shown year-over-year improvement, while violent offense measures sit below national percentiles that indicate safety leadership. Investors typically address these dynamics through security best practices and resident engagement to support retention.
Proximity to major employers supports commuter convenience and a broad renter base, with access to airline, healthcare services, manufacturing, and corporate headquarters that can underpin leasing stability.
- Express Scripts — pharmacy benefit management (9.7 miles)
- American Airlines Group — airline HQ and operations (9.8 miles) — HQ
- Ball Metal Beverage Packaging — packaging manufacturing (14.5 miles)
- Kimberly-Clark — consumer products (14.6 miles) — HQ
- Celanese — chemicals (14.9 miles) — HQ
This 92-unit, 1983-vintage asset aligns with a neighborhood that demonstrates exceptional occupancy stability and a deep renter base, offering durable demand for well-positioned multifamily. Within a 3-mile radius, household counts have been growing and are projected to expand further as average household sizes trend lower, indicating a larger tenant base over time. According to CRE market data from WDSuite, neighborhood-level rents benchmark above national medians while rent-to-income levels remain manageable, supporting retention-focused revenue strategies.
The older vintage relative to nearby stock creates practical value-add and modernization levers to elevate competitive positioning, provided capital improvements are sequenced thoughtfully. Key watch items include below-median school ratings, safety metrics that trail metro leaders, and potential competition from more accessible ownership options in parts of the metro. These are typically manageable with targeted renovations, professional management, and disciplined leasing.
- Strong neighborhood occupancy and high renter concentration support leasing stability
- 3-mile household growth and projected expansion point to a larger tenant base
- 1983 vintage offers clear value-add and systems upgrades to boost competitiveness
- Amenity mix favors groceries but fewer lifestyle options; targeted services can aid retention
- Risks: below-median school ratings and safety metrics; potential competition from accessible ownership options