| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Best |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3200 S Center St, Arlington, TX, 76014, US |
| Region / Metro | Arlington |
| Year of Construction | 1980 |
| Units | 119 |
| Transaction Date | 2016-09-19 |
| Transaction Price | $12,707,500 |
| Buyer | HILLS AT ARLINGTON APARTMENTS LLC |
| Seller | LG CARLYLE TOWNHOMES LLC |
3200 S Center St Arlington Multifamily Investment
Neighborhood occupancy trends are above national medians and restaurant/grocery access is comparatively strong, according to WDSuite’s CRE market data. Note: these occupancy and amenity metrics reflect the surrounding neighborhood, not this specific property.
Positioned in Arlington’s inner suburb, the surrounding neighborhood is competitive among Fort Worth–Arlington–Grapevine submarkets (ranked 156 out of 561 neighborhoods). Restaurant density sits around the 88th percentile nationally and grocery access around the 79th percentile, supporting daily needs and leasing appeal, while cafés, parks, and pharmacies are more limited in the immediate blocks.
Neighborhood occupancy is above the national median, signaling comparatively steady renter demand and aiding revenue consistency through cycles, based on CRE market data from WDSuite. Median contract rents in the neighborhood track above national averages (around the 73rd percentile), while a rent-to-income profile near 0.20 indicates manageable affordability pressure and supports retention with disciplined lease management.
Within a 3-mile radius, demographics point to a broad and diversifying tenant base: population has inched up recently and is projected to grow further, households are expected to expand meaningfully, and median incomes are forecast to rise. Together, these trends suggest a larger renter pool over the next five years, which can support occupancy stability and absorption.
The average neighborhood construction year skews to the late 1980s. With a 1980 vintage, this asset may trail newer product on finishes and systems; investors should underwrite ongoing capital planning and value-add upgrades to maintain competitiveness against slightly newer stock.
Safety indicators for the neighborhood trail both national benchmarks and the metro average (ranks in the lower tiers among 561 Fort Worth–Arlington–Grapevine neighborhoods), indicating elevated incident rates relative to many peer locations. Property crime shows a recent year-over-year improvement, while violent offense metrics remain weaker; operators commonly address this through security protocols, lighting, and resident engagement.
These are area-level trends rather than property-specific conditions. Investors can factor local safety dynamics into underwriting, insurance, and operational plans, monitoring for continued improvements over time per WDSuite’s CRE market data.
Proximity to major employers supports a broad workforce renter base and commute convenience, notably including American Airlines Group, Express Scripts, Ball Metal Beverage Packaging, D.R. Horton, and GameStop.
- American Airlines Group — aviation HQ and corporate (9.7 miles) — HQ
- Express Scripts — pharmacy benefit management offices (9.8 miles)
- Ball Metal Beverage Packaging — packaging manufacturing offices (12.4 miles)
- D.R. Horton — homebuilding corporate (13.6 miles) — HQ
- Gamestop — video game retail corporate (14.5 miles) — HQ
3200 S Center St offers scale in Arlington with 119 units and a 1980 vintage that lends itself to targeted value-add execution. Neighborhood fundamentals show occupancy above national medians and strong coverage for restaurants and groceries, supporting day-to-day livability and leasing. Within a 3-mile radius, population and household counts are projected to grow, and incomes are trending higher, pointing to a larger tenant base and support for rent levels without overextending affordability.
According to CRE market data from WDSuite, local rents benchmark above national averages while rent-to-income levels imply manageable pressure, reinforcing potential for stabilized cash flow with prudent lease management. Investors should also weigh area safety metrics and the asset’s older vintage when planning capex, operations, and underwriting assumptions.
- Neighborhood occupancy above national medians supports leasing stability
- 1980 vintage presents clear value-add and system modernization opportunities
- 3-mile radius shows population, household, and income growth, expanding the renter pool
- Restaurant and grocery access compares favorably to national norms, aiding retention
- Risks: area safety metrics below metro averages and capex needs tied to vintage