| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 67th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2601 Riverside Pkwy, Grand Prairie, TX, 75050, US |
| Region / Metro | Grand Prairie |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2601 Riverside Pkwy Grand Prairie Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base and steady leasing conditions, according to WDSuite’s CRE market data. Positioning near job centers and retail corridors underpins demand while offering operational consistency for mid-size assets.
Situated in Grand Prairie within the Fort Worth–Arlington–Grapevine metro, the neighborhood rates A and ranks 79th of 561 metro neighborhoods, indicating performance above the metro median. Grocery and cafe density are competitive among Fort Worth–Arlington–Grapevine neighborhoods (both ranked within the top 15% by count), with parks also strong relative to metro peers and in the 85th percentile nationally. Childcare and pharmacy options are limited locally, which may influence resident convenience expectations.
Renter-occupied housing accounts for a very high share of neighborhood units (near the top of the metro distribution), signaling depth in the renter pool and supporting multifamily leasing. Neighborhood occupancy trends sit around the middle of national benchmarks, suggesting generally stable operations with typical turnover management needs rather than outsized vacancy risk.
Within a 3-mile radius, population and household counts have expanded, with additional growth projected over the next five years. Rising household incomes and a growing family base indicate a larger tenant pipeline and potential support for rent levels, while a modest decline in average household size points to continued demand for smaller formats and professionally managed units.
Neighborhood rent levels track above many peer areas in the metro (around the 70th percentile nationally), and the rent-to-income profile indicates manageable affordability pressure for most renter cohorts. Median home values are elevated versus some submarkets, which tends to reinforce reliance on rental housing and can aid lease retention for well-managed properties. Built in 2008, the asset is newer than the neighborhood’s average vintage (early 1990s), providing relative competitiveness versus older stock; investors should still plan for selective system upgrades and common-area refresh over a typical hold.
Safety metrics for the neighborhood trail national comparables, with rankings below the metro median (crime rank 441 of 561). Nationally, the area sits in lower percentiles for both violent and property offense indicators, indicating elevated incident rates versus typical U.S. neighborhoods. Recent trends show a slight year-over-year decrease in violent offenses and a modest uptick in property offenses; investors should factor this into security planning, resident communications, and on-site operations without relying on block-level assumptions.
Proximity to major corporate offices supports a broad commuter tenant base and underpins weekday occupancy and lease retention. Key nearby employers include American Airlines Group, Express Scripts, GameStop, Kimberly-Clark, and Celanese.
- American Airlines Group — corporate offices (2.2 miles) — HQ
- Express Scripts — pharmacy benefits management (2.3 miles)
- Gamestop — retail headquarters (7.6 miles) — HQ
- Kimberly-Clark — consumer products HQ (8.3 miles) — HQ
- Celanese — specialty materials HQ (8.6 miles) — HQ
This 28-unit asset at 2601 Riverside Pkwy benefits from a neighborhood with strong renter concentration and a commuter-friendly location near major employment nodes. Based on CRE market data from WDSuite, neighborhood rent levels are competitive versus the metro with a rent-to-income profile that supports retention strategies, while occupancy trends point to generally steady operations. The 2008 vintage positions the property as newer than much of the local stock, offering relative competitiveness versus 1990s-era assets while leaving room for targeted value-add through interior updates and common-area enhancements.
Within a 3-mile radius, continued population and household growth expands the tenant base and should support leasing velocity over time. Elevated ownership costs in the area tend to sustain renter reliance on multifamily housing, providing a buffer against volatility when paired with proximity to large employers.
- Deep renter base and mid-pack occupancy support steady leasing
- 2008 vintage competitive versus older neighborhood stock; targeted upgrades can drive value
- 3-mile growth in population and households enlarges the tenant pipeline
- Near major corporate employers, reinforcing weekday occupancy and retention
- Risk: safety metrics trail metro and national averages; prudent security and resident engagement recommended