| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Best |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 Matlock Rd, Arlington, TX, 76015, US |
| Region / Metro | Arlington |
| Year of Construction | 1974 |
| Units | 120 |
| Transaction Date | 2016-04-22 |
| Transaction Price | $10,190,000 |
| Buyer | PARK CITY MATLOCK LP |
| Seller | MUSTANG CREEK PROPERTIES LLC |
2900 Matlock Rd Arlington Multifamily Opportunity
Positioned in an inner-suburb pocket of Arlington with steady renter demand and above-median neighborhood occupancy, this asset offers operational stability potential according to WDSuite’s CRE market data.
The property sits in Arlington’s inner suburbs within the Fort Worth–Arlington–Grapevine metro, where neighborhood occupancy trends are above the national median and the area ranks above metro median for overall livability (B+ rating; rank 156 out of 561 metro neighborhoods). Restaurant density scores in the top quartile nationally, while grocery access is also strong, supporting day-to-day convenience; by contrast, parks, cafes, childcare, and pharmacies are more limited within the immediate neighborhood footprint.
For investors, the local rent backdrop is favorable: neighborhood median contract rents track above national norms (national percentile ~73), and rent-to-income levels are comparatively manageable (national percentile ~26), which can support lease retention and measured pricing power through cycles. Household income levels for the neighborhood benchmark high (around the 96th national percentile), suggesting depth for quality product positioning.
Vintage matters here. The asset was built in 1974, while the neighborhood’s average construction year is 1987. That age gap points to near- to medium-term capital planning and value-add opportunities—modernizations and system upgrades that can help the property compete against younger stock and capture renters seeking updated finishes without top-of-market rents.
Demographic indicators aggregated within a 3-mile radius show population growth over the last five years with a larger share of working-age residents, and forecasts point to continued renter pool expansion and a sizable increase in households by 2028. With approximately 55% of housing units renter-occupied in this 3-mile view, the area supports a broad tenant base, reinforcing multifamily demand and occupancy stability.
Safety conditions should be evaluated with a comparative lens. The neighborhood’s crime ranking sits in the lower tier within the Fort Worth–Arlington–Grapevine metro (rank 442 among 561 neighborhoods), indicating higher reported crime relative to many metro peers. Nationally benchmarked indicators place the area in lower percentiles for safety; however, property offenses show a recent year-over-year decline, which is a constructive trend to monitor over additional periods.
Investors typically respond to these patterns with pragmatic measures—on-site visibility, access control, lighting, and partnership with local resources—to support resident experience and retention. As always, underwriting should reflect current data and any forward changes in neighborhood trends.
Nearby corporate anchors such as American Airlines, Express Scripts, Ball Metal Beverage Packaging, D.R. Horton, and GameStop provide a diversified employment base within commuting distance, supporting workforce-driven renter demand and leasing stability.
- American Airlines Group — airlines HQ (9.7 miles) — HQ
- Express Scripts — pharmacy benefit management offices (9.7 miles)
- Ball Metal Beverage Packaging — manufacturing offices (12.0 miles)
- D.R. Horton — homebuilding HQ (13.1 miles) — HQ
- Gamestop — retail HQ (14.3 miles) — HQ
2900 Matlock Rd combines a deep regional tenant base with neighborhood fundamentals that historically support occupancy above national medians. The 1974 vintage suggests clear value-add pathways—from unit interior updates to building systems—positioning the asset to compete with newer stock while offering renters attainable quality. According to CRE market data from WDSuite, neighborhood rents sit above national norms with comparatively manageable rent-to-income dynamics, which can underpin retention and measured rent growth management.
Looking forward, 3-mile demographic trends indicate continued population growth and a larger household count by 2028, expanding the renter pool that supports leasing and renewal outcomes. Proximity to multiple corporate employers further reinforces day-to-day demand for well-run, conveniently located multifamily housing.
- Occupancy tailwinds and above-median neighborhood metrics support income stability
- 1974 vintage provides actionable value-add and capital improvement upside
- Rents above national norms with manageable rent-to-income support retention
- 3-mile population and household growth expand the renter base
- Risk: Safety ranks below metro averages; plan for security and resident-experience investments