| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 40th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 720 Benge Dr, Arlington, TX, 76013, US |
| Region / Metro | Arlington |
| Year of Construction | 1984 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
720 Benge Dr Arlington 21-Unit Multifamily Opportunity
Renter concentration in the neighborhood and steady 3-mile household growth signal a durable tenant base, according to WDSuite’s CRE market data. With 1984 construction, the asset may benefit from targeted refreshes to compete against older local stock.
Situated in Arlington’s inner-suburban fabric, the property benefits from a renter-occupied housing share that is high for the area, indicating depth in the tenant pool. Neighborhood occupancy is measured at the neighborhood level, not the property, and sits below the metro median, suggesting room for active leasing strategies and product differentiation to capture demand.
Everyday convenience is mixed: restaurants and cafes are competitive among Fort Worth–Arlington–Grapevine neighborhoods (restaurant density ranks near the top among 561 metro neighborhoods and is top quartile nationally; cafes also score in the top quartile). Park access is also top quartile nationally and ranks near the top among 561 neighborhoods. However, grocery and pharmacy counts rank at the bottom of the 561-neighborhood metro set, so residents may rely on destinations outside the immediate blocks for daily retail.
The average school rating in the neighborhood is below national norms, which can factor into retention for family renters; investors can offset this with amenities, security, and value propositions tailored to young professionals and smaller households. Median home values here are elevated relative to incomes (nationally above-median value-to-income positioning), which generally sustains reliance on multifamily rentals and can support pricing power when paired with thoughtful lease management.
Vintage context matters: the asset’s 1984 construction is newer than the neighborhood’s average 1978 stock, improving competitive positioning versus older buildings while still warranting selective capital planning for systems, interiors, and curb appeal. Within a 3-mile radius, population and households have grown over the past five years with projections for further household increases, pointing to renter pool expansion that supports occupancy stability.
Safety indicators for the neighborhood trend below metro and national averages. The neighborhood’s crime ranking sits in the lower-performing half among 561 Fort Worth–Arlington–Grapevine neighborhoods, and national comparisons place it in a lower safety percentile. Property and violent offense measures have shown recent year-over-year increases locally. Investors typically address this with lighting, access control, and community standards to support resident retention.
The location sits within commuting range of major regional employers that anchor demand for workforce and professional renters. Nearby employment nodes include American Airlines Group, Express Scripts, GameStop, Ball Metal Beverage Packaging, and D.R. Horton.
- American Airlines Group — airline HQ and corporate functions (7.96 miles) — HQ
- Express Scripts — pharmacy benefit management offices (8.07 miles)
- Gamestop — retail corporate offices (12.41 miles) — HQ
- Ball Metal Beverage Packaging — manufacturing corporate offices (12.68 miles)
- D.R. Horton — homebuilding corporate offices (12.69 miles) — HQ
This 21-unit, 1984-vintage asset offers a pragmatic value-add path in an inner-suburban Arlington location where renter concentration is high and ownership costs remain elevated relative to incomes. Neighborhood occupancy is measured below the metro median, but demand is supported by a sizable renter base, strong food-and-park amenity access, and proximity to major employers, creating a platform for leasing execution and selective upgrades.
Within a 3-mile radius, recent population and household growth, alongside projections for further household expansion, point to a larger tenant base over time—supporting occupancy stability and rent roll durability. Based on commercial real estate analysis from WDSuite, the property’s slightly newer vintage versus the neighborhood average can be leveraged with targeted renovations to improve competitive standing while staying mindful of local safety and school quality considerations.
- High renter-occupied share in the neighborhood supports depth of demand and leasing velocity.
- 1984 construction provides a newer baseline than nearby stock, with value-add upside through focused CapEx.
- Strong restaurant, café, and park access enhances livability and resident retention.
- 3-mile population and household growth, with projected household increases, expands the renter pool over the medium term.
- Risks: below-median neighborhood safety, school quality, and limited immediate grocery/pharmacy options require active management and amenity strategy.