| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 67th | Best |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 905 W Ash Ln, Euless, TX, 76039, US |
| Region / Metro | Euless |
| Year of Construction | 1983 |
| Units | 28 |
| Transaction Date | 1996-05-23 |
| Transaction Price | $275,000 |
| Buyer | TARRANT COUNTY HOUSING PARTNERSHIP INC |
| Seller | TEXAS DEPARTMENT OF HSNG & CMNTY AFFAIRS |
905 W Ash Ln, Euless TX Multifamily Investment
Neighborhood occupancy is above the metro median, signaling steady renter demand near DFW employment nodes, according to WDSuite’s CRE market data. For investors, this points to durable cash flow potential supported by an expanding 3-mile household base.
Located in Euless within the Fort Worth–Arlington–Grapevine metro, the neighborhood is an Inner Suburb with a balanced mix of households and direct access to regional job centers. Occupancy in the neighborhood is above the metro median (ranked 228 of 561 neighborhoods), which supports income stability at the asset level when operators execute on leasing and retention.
Everyday amenities are practical rather than destination-driven: grocery and pharmacy access are competitive nationally, while cafes, restaurants, and park density are limited inside the neighborhood footprint. Average school ratings trend stronger than much of the country (nationally above median), which can help support family-oriented renter demand.
Within a 3-mile radius, the population and total households have increased in recent years and are projected to continue growing, with average household size edging down. For investors, that combination typically expands the tenant base and supports occupancy stability for well-managed properties. The local renter-occupied share near 50% indicates a deep pool of renter households, reinforcing multifamily demand.
From an income and affordability standpoint, neighborhood median incomes sit above national medians, and rent-to-income metrics indicate a moderate burden for renters, helping lease retention and renewal strategies. Median home values are higher than many Texas submarkets but remain accessible relative to coastal markets; this dynamic sustains renter reliance on multifamily housing without eliminating move-up ownership paths.
Safety indicators are mixed when viewed against regional and national benchmarks. The neighborhood’s overall crime standing is below the national median for safety (national percentile 35), yet violent offense metrics compare favorably (around the 69th percentile nationwide, indicating relatively safer outcomes versus many U.S. neighborhoods). Property offense measures sit modestly above national averages (around the 61st percentile for safety), and recent-year movements have been volatile.
At the metro level, the area ranks 344 out of 561 neighborhoods for overall crime, placing it below the mid-metro pack. Investors typically account for this by emphasizing lighting, access control, and community engagement, and by closely monitoring trend direction rather than single-year swings.
Proximity to major corporate offices underpins renter demand through short commutes and a diversified professional workforce. Notable nearby employers include GameStop, American Airlines Group, Express Scripts, Michaels, and Vistra Energy.
- Gamestop — retail & e-commerce (3.0 miles) — HQ
- American Airlines Group — airline & corporate operations (3.6 miles) — HQ
- Express Scripts — pharmacy benefit management (4.2 miles)
- Michaels Cos. — arts & crafts retail (7.4 miles) — HQ
- Vistra Energy — energy (8.2 miles) — HQ
This 28-unit property built in 1983 sits in a neighborhood with above-median metro occupancy and steady household growth within a 3-mile radius, supporting a stable renter base. Based on CRE market data from WDSuite, local rent levels have trended upward alongside incomes, and rent-to-income metrics suggest a manageable burden that can aid retention and renewal performance.
The 1983 vintage implies potential value-add through interior upgrades and system modernization, particularly versus the area’s largely mid-1980s stock. Nearby corporate anchors broaden the white- and blue-collar tenant pool, while practical amenity access (grocery and pharmacy strength) supports daily convenience. Primary risks include mixed safety readings, limited destination amenities within the immediate neighborhood, and the need for disciplined capital planning to optimize an older asset.
- Above-median neighborhood occupancy supports income durability
- 3-mile population and household growth expands the tenant base
- 1983 vintage offers value-add and system upgrade upside
- Strong nearby employers enhance leasing depth and retention
- Risks: mixed safety trends, sparse destination amenities, aging systems require capital planning