| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 58th | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2500 Ascension Blvd, Arlington, TX, 76006, US |
| Region / Metro | Arlington |
| Year of Construction | 1991 |
| Units | 118 |
| Transaction Date | 2014-08-01 |
| Transaction Price | $7,650,000 |
| Buyer | Park Family Trust |
| Seller | Ascension Properties LP |
2500 Ascension Blvd Arlington Multifamily Investment
Stabilized renter demand in an inner-suburb pocket supported by a high renter concentration and improving occupancy, according to WDSuite’s CRE market data. Investor focus centers on durable leasing from nearby employment hubs and position within a top-quartile neighborhood for the metro.
The property sits in an Inner Suburb neighborhood of Arlington that ranks 100 out of 561 metro neighborhoods, placing it in the top quartile among 561 metro neighborhoods. Local convenience is a relative strength, with the area’s amenity access ranking 29 of 561 in the metro and national amenity measures testing above average. Parks, groceries, and pharmacies score in higher national percentiles, which helps day-to-day livability and leasing appeal.
Renter-occupied housing accounts for a large share of neighborhood units (66.5%), a level in the 96th national percentile and top quartile among 561 metro neighborhoods. For investors, that depth of renter households supports a broad tenant base and tends to stabilize demand for multifamily units. Neighborhood occupancy is close to the national midpoint and has trended higher over the last five years, reinforcing the case for sustained leasing.
Within a 3-mile radius, demographics show population and household growth over the past five years, with forecasts indicating further increases and a smaller average household size ahead. These trends point to a larger tenant pool and support for occupancy stability as more households enter or remain in the rental market. Median incomes have risen meaningfully, which can aid rent collections and renewal retention when paired with prudent lease management.
Home values in the neighborhood benchmark below national medians, which can introduce some competition from ownership options. However, the large renter concentration and steady household growth within 3 miles continue to underpin multifamily demand. The submarket’s 1991 construction vintage positions this asset as newer than the neighborhood average (1983), improving competitive standing versus older stock while still warranting targeted system updates or modernization to meet current renter preferences.
Neighborhood safety metrics trail national norms, with overall and violent offense measures sitting in lower national percentiles (e.g., violent offenses around the 3rd percentile for safety nationally). At the metro level, the area ranks below the median among 561 neighborhoods. Even so, recent data show property offenses declining by approximately 13.6% year over year, indicating improvement in that category.
Investors should view safety as a manageable risk factor that can influence retention and operating costs. Monitoring trend direction, coordinating with on-site security best practices, and aligning marketing to the submarket’s workforce renter base can help sustain leasing performance as conditions evolve.
Proximity to major corporate offices supports a strong workforce renter base and commute convenience for residents. Nearby employers include American Airlines Group, Express Scripts, GameStop, Kimberly-Clark, and Celanese, which anchor local jobs and reinforce leasing demand.
- American Airlines Group — aviation HQ and corporate (3.9 miles) — HQ
- Express Scripts — pharmacy benefits management (4.1 miles)
- Gamestop — retail corporate offices (8.6 miles) — HQ
- Kimberly-Clark — consumer products corporate (10.1 miles) — HQ
- Celanese — specialty materials corporate (10.5 miles) — HQ
Built in 1991 with 118 units averaging 919 square feet, the asset is newer than the neighborhood’s average vintage, giving it an edge versus older stock while leaving room for targeted upgrades to bolster rents and retention. A high share of renter-occupied housing at the neighborhood level and household growth within 3 miles point to a durable tenant base and support for occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years and amenity access ranks competitively in the metro, which can aid leasing velocity.
Balancing factors include a safety profile that trails national norms and a more accessible ownership market locally, which can increase competition from for-sale options. Even so, proximity to diversified employment nodes and top-quartile neighborhood standing in the metro provide durable demand drivers for long-term operations.
- Newer 1991 vintage versus neighborhood average, with value-add potential through selective modernization
- Large renter-occupied share and growing 3-mile households support a broad tenant base
- Competitive amenity access and improving neighborhood occupancy aid leasing performance
- Near major employment centers that reinforce renter demand and retention
- Risks: below-average safety metrics and potential competition from ownership options