| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 49th | Fair |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 415 Mansfield Cardinal Rd, Kennedale, TX, 76060, US |
| Region / Metro | Kennedale |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
415 Mansfield Cardinal Rd, Kennedale TX — 36-Unit Multifamily
Stabilized suburban fundamentals and a workforce renter base point to steady leasing potential, according to WDSuite’s CRE market data. The 36-unit scale supports manageable operations with room for targeted value-add.
Kennedale sits within the Fort Worth–Arlington–Grapevine metro and this neighborhood is ranked 350 out of 561, indicating mid-pack performance with suburban characteristics. Neighborhood occupancy is 93.8% (ranked 267 of 561), placing it above the metro median and supportive of baseline leasing stability. Median contract rents in the neighborhood trend above the national median while remaining accessible for the metro, a mix that can aid retention for well-managed assets.
Household incomes in the neighborhood test well above national norms (near the 90th percentile nationally), reinforcing depth for market-rate units. Within a 3-mile radius, the population increased over the last five years and households grew, expanding the local renter pool; projections point to continued household growth over the next five years, which should support occupancy and absorption for appropriately positioned units. This nearby growth, paired with moderate rent levels, is favorable for multifamily property research focused on stable, workforce demand.
Amenity density is lighter here (amenity rank 385 of 561), with limited cafes, groceries, pharmacies, and parks inside the immediate neighborhood, so residents rely on short drives to adjacent corridors. Average school ratings in the neighborhood sit below national medians, which can matter for family-oriented tenants; investors can counterbalance with renovated unit finishes and community programming to support retention.
Vintage and product positioning: Built in 1976, the asset is slightly older than the neighborhood average stock (1980). That age profile typically implies capital planning for systems and interiors but also clear value-add levers to improve competitive standing versus newer nearby inventory.
Tenure dynamics: Within a 3-mile radius, about one-third of housing units are renter-occupied today with forecasts indicating more owner-leaning tenure ahead. For multifamily, this usually translates to a durable but selective renter base, where renovated product and responsive management can sustain demand despite homeownership alternatives.
Neighborhood safety indicators are mixed but generally favorable compared with national baselines. Recent estimates place violent incidents in higher national percentiles for safety (around the mid-60s), while property incidents benchmark in the low-70s percentiles for safety compared with neighborhoods nationwide, suggesting relatively better-than-average conditions.
At the metro level, this area’s safety rank sits in the more competitive range (121 out of 561), and recent data show a year-over-year improvement in violent incidents but a notable uptick in property incidents. For investors, this combination usually points to standard security and lighting protocols, package management, and resident engagement to support retention and minimize avoidable loss-to-lease and turnover.
The employment base nearby blends manufacturing, homebuilding, aviation, and healthcare services—providing commute-friendly options that can support leasing depth and retention for workforce renters. Notable nearby employers include Ball Metal Beverage Packaging, D.R. Horton, Parker Hannifin, American Airlines Group, and Express Scripts.
- Ball Metal Beverage Packaging — manufacturing (5.8 miles)
- D.R. Horton — homebuilding (10.1 miles) — HQ
- Parker Hannifin Corporation — industrial & motion controls (13.4 miles)
- American Airlines Group — aviation & corporate services (15.7 miles) — HQ
- Express Scripts — healthcare services (15.9 miles)
This 36-unit, 1976-vintage property in suburban Kennedale benefits from above-median neighborhood occupancy within the Fort Worth–Arlington–Grapevine metro and a workforce-oriented renter base. According to CRE market data from WDSuite, local household incomes trend well above national medians, and the 3-mile radius shows recent population and household growth with further increases in households projected—favorable for maintaining a stable tenant base and supporting rent trade-outs with targeted upgrades.
The asset’s older vintage points to clear value-add and capital planning opportunities that can sharpen its competitive position against newer stock. While amenity density is lighter and average school ratings trail national medians, the area’s commuting access to diversified employers and relatively steady safety positioning can underpin retention when paired with professional operations and practical resident services.
- Above-median neighborhood occupancy supports leasing stability relative to metro peers.
- 3-mile radius shows recent and projected household growth, expanding the renter base.
- 1976 vintage offers value-add potential via systems, interior, and curb appeal upgrades.
- Access to diversified employers supports demand from workforce renters.
- Risks: lighter amenity density, below-median school ratings, and recent property-incident uptick warrant active management.