| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 23rd | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2345 Sweetwater Dr, Grand Prairie, TX, 75050, US |
| Region / Metro | Grand Prairie |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2017-08-24 |
| Transaction Price | $20,812,500 |
| Buyer | SUGAR CREEK PROPERTIES LLC |
| Seller | INTERCAPITAL SUGAR CREEK LLC |
2345 Sweetwater Dr Grand Prairie Multifamily Opportunity
In the neighborhood, occupancy has remained high with stable renter demand, supported by a large renter-occupied housing base, according to WDSuite’s CRE market data. This points to steady leasing fundamentals for well-positioned assets near major employment hubs.
Grand Prairie’s inner-suburban location offers commuter access to the Dallas–Plano–Irving job core while drawing workforce renters. Neighborhood occupancy trends are competitive among Dallas–Plano–Irving neighborhoods, and a high share of renter-occupied housing units indicates a deep tenant base that can support leasing stability over cycles.
Daily needs are well served by grocery options, which rank in the top percentiles nationally for density, though cafes, parks, and pharmacies are more limited locally. For investors, this mix suggests practical convenience for residents with fewer lifestyle amenities immediately nearby—factors that can influence tenant expectations and positioning strategy.
Within a 3-mile radius, households have grown even as overall population slipped modestly, pointing to smaller household sizes and an expanding addressable renter pool. Forward-looking estimates also indicate additional growth in household counts, which can support occupancy stability and absorption for value-oriented product.
The property’s 1984 vintage is newer than the neighborhood’s average housing stock from the 1970s, which can be relatively competitive versus older buildings; however, investors should still plan for targeted systems updates or renovations to maintain appeal and performance. Home values in the broader area are comparatively accessible, which can introduce some competition with ownership, but a moderate rent-to-income profile supports retention and lease management flexibility.
Safety indicators for the neighborhood sit below national averages, with violent and property offense measures reflecting comparatively higher incident rates than many U.S. neighborhoods. For investors, this typically means closer attention to on-site management, lighting, access controls, and community engagement to support resident retention.
Recent data show a year-over-year decline in estimated property offenses, suggesting some improvement in trend. As always, safety conditions vary by block and over time; investors should pair third-party reviews with on-the-ground assessments and ongoing operations plans.
Proximity to major corporate offices underpins steady renter demand, with workforce tenants commuting to Express Scripts, American Airlines Group, Kimberly-Clark, Celanese, and Exxon Mobil. These employers help support weekday occupancy and lease retention for well-managed properties.
- Express Scripts — healthcare services (4.7 miles)
- American Airlines Group — airlines & corporate operations (5.0 miles) — HQ
- Kimberly-Clark — consumer products (9.4 miles) — HQ
- Celanese — chemicals (9.7 miles) — HQ
- Exxon Mobil — energy (10.6 miles) — HQ
This 24-unit, 1984-vintage asset in Grand Prairie benefits from a renter-heavy neighborhood, competitive occupancy performance within the Dallas–Plano–Irving metro, and strong commuter connectivity to major employers. Grocery access is robust, while lifestyle amenities are thinner—an operating context that favors value-oriented positioning and reliable day-to-day convenience.
Based on CRE market data from WDSuite, the neighborhood shows high occupancy and an expanding household base within a 3-mile radius, supporting sustained multifamily demand. The 1984 construction provides relative competitiveness versus older local stock, with potential to unlock value through selective renovations and system upgrades, while keeping an eye on pricing strategy given more accessible homeownership options and safety considerations.
- Renter-heavy neighborhood and competitive occupancy support stable leasing
- 1984 vintage offers value-add via targeted renovations and modernization
- Strong proximity to major employers underpins weekday occupancy and retention
- Robust grocery access supports daily convenience despite thinner lifestyle amenities
- Risks: below-average safety metrics and potential competition from ownership require disciplined operations and pricing