| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 40th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 Benge Dr, Arlington, TX, 76013, US |
| Region / Metro | Arlington |
| Year of Construction | 2009 |
| Units | 117 |
| Transaction Date | 2017-03-30 |
| Transaction Price | $18,500,000 |
| Buyer | Waypoint UTA Maverick Place Owner LLC |
| Seller | --- |
930 Benge Dr Arlington Multifamily Investment Opportunity
2009-built, 117-unit asset in Arlington’s inner suburb with larger-than-typical floor plans positions for steady renter demand; neighborhood-level occupancy and renter concentration are tracked against the metro, according to WDSuite’s CRE market data.
Located in Arlington’s Inner Suburb, the neighborhood posts a B- rating with mixed fundamentals. Dining depth is a relative strength (restaurant density ranks competitive locally and in the top quartile nationally), and park access is strong. Daily conveniences like grocery and pharmacy options are thinner within the immediate neighborhood, so residents often draw from adjacent corridors for errands.
For investors, the renter-occupied share in the neighborhood is elevated at 57.8% of housing units, indicating a deep tenant base. Neighborhood occupancy is lower than the metro median, so underwriting should emphasize leasing execution and retention. Median contract rents at the neighborhood level sit around the middle of the regional range, while rent-to-income levels suggest manageable affordability pressure for lease management and renewals.
Within a 3-mile radius, demographics show population growth over the last five years with households also increasing, pointing to a larger tenant base. Projections through 2028 indicate further renter pool expansion via rising household counts and a slight reduction in average household size, which can support occupancy stability and absorption for well-positioned properties. Education levels in the neighborhood skew higher than many peers in the metro, supporting a diverse earnings mix and broad demand for quality rentals.
Home values are elevated in the neighborhood relative to local incomes, a dynamic that tends to sustain reliance on multifamily rentals. This supports lease-up and pricing power for competitive assets, though investors should monitor renewal strategies given neighborhood-level occupancy softness.
Safety indicators in this neighborhood trail both metro and national benchmarks. Based on ranks among 561 Fort Worth–Arlington–Grapevine neighborhoods and national percentiles, violent and property offense rates place the area below average on comparative safety measures. Recent year-over-year trends show modest increases, underscoring the importance of security-forward operations and resident engagement.
For investors, the takeaway is operational: emphasize lighting, access control, and partnerships with community resources to support resident retention. These steps can help mitigate perception risk and sustain leasing performance relative to competing submarkets.
Proximity to major corporate employers supports commuter convenience and broad renter demand, with concentration in airlines, retail, and headquarters operations. Nearby anchors include American Airlines Group, Express Scripts, GameStop, Ball Metal Beverage Packaging, and D.R. Horton.
- American Airlines Group — airlines HQ (8.1 miles) — HQ
- Express Scripts — pharmacy benefits (8.2 miles)
- Gamestop — video game retail (12.5 miles) — HQ
- Ball Metal Beverage Packaging — packaging (12.5 miles)
- D.R. Horton — homebuilding (12.5 miles) — HQ
Built in 2009 with 117 units and larger average floor plans, the property competes well against older neighborhood stock and can attract longer-duration renters seeking space. Neighborhood-level data point to a sizable renter base and mid-market rents; according to CRE market data from WDSuite, occupancy in the immediate area trails the metro, making asset quality and management execution central to outperformance.
Within a 3-mile radius, population and households have grown and are projected to expand further by 2028, supporting a larger tenant pool and demand for rental housing. Elevated ownership costs relative to local incomes help sustain reliance on multifamily, while strong park and dining access add lifestyle appeal. The asset’s newer vintage offers a relative advantage versus older comparables, with targeted upgrades focused on systems and amenities to support rent growth and retention.
- 2009 vintage and larger units position competitively versus older neighborhood stock.
- Deep renter base locally with mid-market rents supports demand and renewal potential.
- 3-mile radius shows population and household growth, indicating a larger tenant pool ahead.
- Proximity to major employers underpins leasing stability for workforce and professional renters.
- Risks: neighborhood occupancy below metro levels and safety metrics lag; focus on operations, security, and amenities to sustain performance.