| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 41st | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 306 Vine St, Euless, TX, 76040, US |
| Region / Metro | Euless |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
306 Vine St, Euless TX Multifamily Opportunity
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deeper tenant base and steady leasing, according to CRE market data from WDSuite. Neighborhood occupancy has been stable in recent years, suggesting consistent renter demand rather than transient spikes.
The property sits in an Inner Suburb location within the Fort Worth–Arlington–Grapevine metro, where dining and daily-needs access are competitive among 561 metro neighborhoods. Restaurant density ranks 51st of 561 and grocery access ranks 91st of 561, indicating convenient food and shopping options. By contrast, cafes and pharmacies are limited locally, which may shift some convenience trips to adjacent areas.
For multifamily fundamentals, the neighborhood s occupancy rate is near the middle of national peers, while the share of renter-occupied units is high (rank 92 of 561; top decile nationally), reinforcing depth in the renter pool and supporting leasing stability. Median contract rents sit modestly above national norms and have risen over the last five years, pointing to durable demand without signaling excessive affordability pressure. Average school ratings trail national averages (37th percentile), which investors may factor into resident profile and marketing strategy.
Demographics aggregated within a 3-mile radius show meaningful population and household growth over the last five years with additional gains forecast, alongside a gradual shift toward smaller household sizes. This combination typically supports a larger tenant base and sustained absorption for apartments, particularly in workforce-oriented product. Home values in the neighborhood are moderate relative to incomes, which can sustain rental demand by keeping multifamily competitive with ownership for many households.
Neighborhood safety indicators compare favorably overall. The area ranks 63rd out of 561 metro neighborhoods for lower crime incidence, placing it above many peers locally and in the upper tier nationally (higher national percentiles indicate comparatively safer conditions). Property-related offenses benchmark strong versus neighborhoods nationwide, and recent data shows a modest improvement in property incidents year over year.
Violent offense benchmarks also sit in a high national percentile, though the most recent annual trend ticked up slightly. Investors should view the profile as comparatively favorable today while monitoring trend lines as part of ongoing risk management.
Proximity to major corporate employers supports a broad workforce renter base and commute convenience, reinforcing leasing fundamentals for conventional multifamily. Key nearby employers include airline, healthcare services, and retail headquarters operations noted below.
- American Airlines Group airline HQ campus (2.3 miles) HQ
- Express Scripts pharmacy benefit management (2.9 miles)
- Gamestop video game retail (4.7 miles) HQ
- Michaels Cos. arts & crafts retail (8.0 miles) HQ
- Kimberly-Clark consumer products (8.4 miles) HQ
This 100-unit asset benefits from a renter-heavy neighborhood with occupancy near national midrange and steadily rising rents, supporting income durability. According to CRE market data from WDSuite, local amenities are strong for dining and groceries, and the area benchmarks favorably on safety versus national peers, while schools rate below national averages and certain conveniences (cafes, pharmacies) are thinner.
Within a 3-mile radius, population and household counts have grown and are expected to continue increasing, expanding the tenant base. Moderate home values relative to incomes and rent levels that remain manageable for local earners point to retention support and balanced pricing power, especially for workforce housing positioned near major employers.
- Renter concentration supports depth of demand and stable leasing
- Competitive access to restaurants and groceries enhances livability
- Favorable safety benchmarks versus national peers
- 3-mile radius growth expands the tenant pool and supports occupancy
- Risks: below-average school ratings and limited cafes/pharmacies may narrow some renter segments