| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 25th | Poor |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3101 E Park Row Dr, Arlington, TX, 76010, US |
| Region / Metro | Arlington |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 2007-04-26 |
| Transaction Price | $3,240,000 |
| Buyer | HERON BRETT |
| Seller | PHILIP & CAROLYN GRAY LIVING TRUST |
3101 E Park Row Dr, Arlington TX Multifamily Investment
Renter-occupied housing is prevalent in the immediate neighborhood, supporting a consistent tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy refers to the surrounding area, not this property, and reflects stable renter demand for workforce housing near major employers.
Positioned in Arlington’s inner-suburb fabric between Dallas and Fort Worth, the property sits in a renter-heavy neighborhood with a high share of renter-occupied housing units. That depth of renter demand typically supports leasing velocity and renewal potential for value-oriented product.
Neighborhood occupancy trends are around the middle of the pack within the Fort Worth–Arlington–Grapevine metro, indicating steady but competitive leasing conditions. Median contract rents in the submarket tier have been rising, and the area’s grocery and pharmacy access scores are stronger than many peers (above national mid-percentiles), while parks, cafes, and childcare density lag—factors operators should weigh when positioning amenities.
Homeownership costs in the neighborhood run high relative to local incomes (high national percentile for value-to-income), which tends to sustain rental demand and support retention in multifamily. At the same time, rent-to-income readings suggest some affordability pressure for tenants, calling for disciplined lease management and thoughtful renewal strategies.
Within a 3-mile radius, demographics show households have increased even as population has edged down, and forecasts call for a further rise in household counts alongside smaller average household sizes. This points to a broader household base and a potentially larger renter pool over time—favorable for occupancy stability—though product mix and pricing will matter for capture.
Vintage is a consideration: the neighborhood’s average construction year skews newer than this asset. With a 1975 build, investors should underwrite capital planning and targeted renovations to enhance competitiveness versus 1980s-vintage and newer stock, especially on systems, interiors, and curb appeal.
Safety indicators for the neighborhood trend weaker than both metro and national averages, placing the area below the metro median among 561 Fort Worth–Arlington–Grapevine neighborhoods. Nationally, the neighborhood sits in lower safety percentiles, so operators should plan for proactive security measures, resident engagement, and lighting/visibility improvements as part of property management.
Recent trends are mixed: estimated property offenses have declined year over year, while violent offense rates have moved higher. For investors, this underlines the importance of on-site protocols, partnerships with local public safety resources, and thoughtful tenant screening to support resident experience and asset performance.
Nearby corporate offices provide a broad employment base that supports workforce renter demand and commute convenience, led by Express Scripts, American Airlines Group, Kimberly-Clark, Celanese, and GameStop.
- Express Scripts — pharmacy benefit management (7.0 miles)
- American Airlines Group — airline (7.2 miles) — HQ
- Kimberly-Clark — consumer products (11.9 miles) — HQ
- Celanese — chemicals (12.1 miles) — HQ
- GameStop — video game retail (12.6 miles) — HQ
3101 E Park Row Dr offers exposure to a renter-concentrated Arlington neighborhood with steady, mid-pack occupancy and proximity to major employment nodes. The 1975 construction suggests a clear value-add path via systems, exterior, and interior updates to better compete against newer submarket stock. Based on CRE market data from WDSuite, ownership costs relative to incomes remain elevated locally, a dynamic that tends to sustain multifamily demand even as operators manage rent-to-income sensitivity.
Households within a 3-mile radius have been increasing and are projected to expand further as average household size declines, pointing to a larger tenant base over time. Execution risk centers on competitive positioning versus newer assets and on active management practices given neighborhood safety readings and measured affordability pressure.
- Renter-heavy neighborhood supports depth of tenant demand and renewal potential
- Value-add upside from 1975 vintage via targeted CapEx and modernization
- Proximity to major employers underpins leasing stability for workforce housing
- Household growth within 3 miles expands the renter pool, supporting occupancy
- Risks: competitive submarket, lower relative safety metrics, and rent-to-income sensitivity