| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 68th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2315 Little Rd, Arlington, TX, 76016, US |
| Region / Metro | Arlington |
| Year of Construction | 1996 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2315 Little Rd, Arlington TX Multifamily Investment
Neighboring submarket data points to steady renter demand supported by strong household incomes and well-rated schools, according to WDSuite’s CRE market data, with neighborhood-level occupancy and pricing trends suggesting balanced operations rather than outsized volatility.
Located in Arlington’s inner suburb context within the Fort Worth–Arlington–Grapevine metro, the neighborhood ranks 129 out of 561 metro neighborhoods (A- rating), indicating competitive fundamentals for workforce-oriented multifamily. The property’s 1996 vintage is newer than the neighborhood’s average construction year of 1972, which generally supports competitive positioning versus older stock while still warranting targeted modernization planning as systems age.
Daily-life amenities skew toward cafés and parks rather than walkable retail: café density is competitive among metro neighborhoods (rank 46 of 561; top quartile nationally), and parks show a similar pattern (rank 49; top quartile nationally). By contrast, grocery and pharmacy counts are limited within the immediate neighborhood (both ranked 561 of 561), which places more emphasis on short drives for errands and may influence resident expectations around onsite conveniences and parking.
Schools test well relative to peers (average rating at the 84th percentile nationally; rank 35 of 561 in the metro), a positive signal for family-oriented renters and unit retention. Home values sit above national norms (68th percentile), and the neighborhood’s rent-to-income ratio trends lower than the national median (15th percentile), a combination that can support lease stability and measured pricing power without outsized affordability pressure. Median household incomes also benchmark well (74th percentile nationally), reinforcing depth in the paying tenant base.
Renter concentration within a 3-mile radius is approximately one-quarter of housing units (about 26% renter-occupied), pointing to a stable but not transient renter pool—often conducive to longer average stays in well-managed assets. Three-mile demographics indicate modest population growth in recent years with a forecasted increase over the next five years, suggesting gradual renter pool expansion that can support occupancy stability and leasing velocity as new households form and incomes trend higher.
Safety indicators for the neighborhood are below the national median based on comparative percentiles, with overall crime around the 29th percentile and violent incidents near the 10th percentile nationwide. These figures indicate a need for active property-level safety measures and resident engagement to support retention and leasing.
Recent trends show a modest year-over-year improvement in violent incidents (slight decline), while property offenses increased over the same period. Within the Fort Worth–Arlington–Grapevine metro framework, this places the area as less safe than many peer neighborhoods, so underwriting should consider ongoing security, lighting, and partnership with local resources as part of standard operating plans rather than extraordinary measures.
The area benefits from a diverse employment base accessible by short commutes, supporting renter demand and lease retention. Notable nearby employers include Ball Metal Beverage Packaging, D.R. Horton, American Airlines Group, Express Scripts, and Parker Hannifin Corporation.
- Ball Metal Beverage Packaging — packaging manufacturing (8.8 miles)
- D.R. Horton — homebuilding corporate offices (9.5 miles) — HQ
- American Airlines Group — airline corporate offices (11.1 miles) — HQ
- Express Scripts — pharmacy benefit management offices (11.4 miles)
- Parker Hannifin Corporation — industrial and motion control offices (13.4 miles)
2315 Little Rd offers 104 units positioned in a neighborhood that is competitive within the Fort Worth–Arlington–Grapevine metro, with schools, incomes, and home values benchmarking above national norms. The asset’s 1996 construction is newer than the local average vintage, which supports relative competitiveness versus older stock while still inviting selective value-add and systems modernization. Neighborhood occupancy trends indicate balanced operations rather than peak-tight conditions, and within a 3-mile radius the renter-occupied share (about one-quarter of units) suggests a stable, income-supported tenant base. According to CRE market data from WDSuite, local amenity density favors parks and cafés, while limited walkable grocery and pharmacy options mean residents typically rely on short drives—an operating context where onsite features, parking, and convenience offerings can differentiate.
Forward-looking 3-mile demographics point to population and household growth alongside higher median incomes, which can support steady renter demand, retention, and measured rent-setting. Underwriting should incorporate prudent assumptions around safety programming and the need for ongoing reinvestment as the asset advances beyond its third decade, but the combination of employment access, school quality, and income depth provides a straightforward thesis for durable occupancy and value-focused upgrades.
- Newer 1996 vintage versus neighborhood average supports competitive positioning with targeted modernization upside
- Above-median incomes and strong schools reinforce demand depth and lease retention potential
- 3-mile outlook shows population and household growth, supporting occupancy stability and measured pricing power
- Amenity mix favors parks/cafés; limited walkable retail elevates the value of onsite conveniences and parking
- Risks: below-median safety metrics and balanced (not tight) neighborhood occupancy warrant prudent underwriting and active operations