| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 54th | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5928 Troy Ln, Arlington, TX, 76016, US |
| Region / Metro | Arlington |
| Year of Construction | 1990 |
| Units | 63 |
| Transaction Date | 2016-02-25 |
| Transaction Price | $4,300,000 |
| Buyer | LIGHTHOUSE RAB LLC |
| Seller | HORNER LLC |
5928 Troy Ln Arlington 63-Unit Multifamily Opportunity
According to WDSuite’s CRE market data, neighborhood occupancy sits in the top quartile among 561 Fort Worth–Arlington–Grapevine metro neighborhoods, supporting stable renter demand for a 1990-vintage asset.
Positioned in Arlington’s inner-suburban fabric, the property benefits from a strong neighborhood rating (A) and a convenience profile that is competitive at the metro level and top quartile nationally for amenities. Grocery access, parks, and pharmacies index well, aligning with day-to-day renter priorities and supporting retention.
Rents in this neighborhood are higher than the metro median and score in the upper national percentiles, indicating durable pricing power for well-maintained product. Neighborhood occupancy is high and has improved over the past five years, a positive indicator for lease-up and renewal stability, based on CRE market data from WDSuite.
The 1990 construction is newer than the neighborhood’s average vintage (early 1980s). This positioning can be competitive versus older stock, while investors should still plan for targeted modernization of major systems and finishes to sustain NOI and differentiate against newer deliveries.
Within a 3-mile radius, demographics point to a broad middle- to upper-income tenant base, with continued population growth projected and rising household incomes. The share of housing units that are renter-occupied is roughly one-quarter, indicating a defined but selective renter pool; this supports steady demand for quality apartments while rewarding operators who execute on amenities and management to capture and retain tenants.
Home values are elevated for the area, which reinforces reliance on multifamily housing for households that prefer accessible monthly costs, helping support occupancy stability and measured pricing power without over-reliance on rapid rent escalations.
Safety indicators for the neighborhood track below national medians, reflecting a level of crime that is higher than many U.S. neighborhoods. However, recent trends show year-over-year improvement in both property and violent offense rates, suggesting conditions are moving in a favorable direction.
Within the Fort Worth–Arlington–Grapevine metro’s 561 neighborhoods, this area is not among the lowest-crime cohorts but remains competitive with many inner-suburban peers. Investors should account for standard security measures and community engagement initiatives, which can support resident satisfaction and retention alongside ongoing improvements seen in WDSuite’s historical time series.
A diversified nearby employment base in manufacturing, airlines, industrials, homebuilding, and pharmacy benefits supports commuter convenience and broad renter demand. The employers below concentrate within a roughly 7–14 mile radius, reinforcing leasing stability for workforce and professional tenants.
- Ball Metal Beverage Packaging — packaging manufacturing (7.1 miles)
- D.R. Horton — homebuilding (9.3 miles) — HQ
- Parker Hannifin Corporation — industrial manufacturing (13.0 miles)
- American Airlines Group — airline (13.2 miles) — HQ
- Express Scripts — pharmacy benefits manager (13.5 miles)
This 63-unit, 1990-vintage Arlington asset sits in a high-occupancy inner-suburban neighborhood with strong amenity access and rent levels that outpace the metro median. According to CRE market data from WDSuite, the neighborhood has sustained high occupancy with upward momentum over the past five years, supporting leasing stability and renewal capture for well-managed communities.
Within a 3-mile radius, population growth and rising household incomes point to an expanding renter pool, while a moderate renter-occupied share suggests steady, needs-based demand rather than transient turnover. The 1990 vintage is newer than much of the surrounding housing stock, offering competitive positioning versus older assets and a clear path for value-add through targeted system updates and unit/interior refreshes.
- High neighborhood occupancy and durable demand drivers support leasing stability
- Rents benchmark above metro norms with amenity access aiding retention
- 1990 vintage offers competitive positioning versus older stock with targeted value-add potential
- 3-mile demographic trends indicate population growth and rising incomes, expanding the renter base
- Risks: safety metrics trail national medians and selective renter pool requires strong operations and asset quality