| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 E Dallas St, Mansfield, TX, 76063, US |
| Region / Metro | Mansfield |
| Year of Construction | 1975 |
| Units | 48 |
| Transaction Date | 2018-07-06 |
| Transaction Price | $4,218,800 |
| Buyer | TEG KING LLC |
| Seller | 1300 DALLAS LLC |
1300 E Dallas St Mansfield Multifamily Investment
Neighborhood fundamentals signal steady renter demand and occupancy stability at the submarket level, according to WDSuite’s CRE market data, with the area’s metrics measured for the neighborhood rather than the property.
Neighborhood dynamics and livability
The property sits in an Inner Suburb location within the Fort Worth–Arlington–Grapevine metro, where the neighborhood earns a B+ rating (ranked 155 of 561). That places it above the metro median and competitive among peer neighborhoods, a useful signal for demand durability and leasing velocity.
Amenity access is a relative strength at the neighborhood level, with grocery, restaurant, and pharmacy density landing in higher national percentiles. Cafes and parks also compare well locally, supporting daily convenience that can aid retention and reduce turnover friction for multifamily assets.
Renter-occupied housing accounts for a meaningful share of neighborhood units, indicating a sizable tenant base for multifamily. Neighborhood occupancy is also strong versus national benchmarks and above the metro median, which typically supports income stability through cycles. Median contract rents have grown over the last five years, reinforcing pricing power at the neighborhood level while remaining manageable relative to incomes.
Within a 3-mile radius, demographics show recent population growth and an increase in households, with forecasts pointing to continued household expansion and a modest decrease in average household size. For investors, that suggests a larger tenant base and more renters entering the market over time, which can support occupancy and absorption for well-positioned properties.
The average school rating for the neighborhood sits in the upper half of metro peers (top quartile among 561 metro neighborhoods by rank), a consideration for family renters seeking stability. Home values are moderate in a regional context, which can create some competition from ownership; however, the rental value proposition and convenience amenities continue to support the multifamily use case in this location.
Safety context
Compared with other neighborhoods in the Fort Worth–Arlington–Grapevine metro, the area ranks in the lower half for safety (crime rank 416 out of 561), indicating elevated incident levels relative to many metro peers. Nationally, the neighborhood’s safety percentiles are also on the lower end.
That said, recent neighborhood trend data shows property-related incidents declining year over year, placing that improvement in a stronger national percentile. Investors should underwrite with prudent assumptions for security and operating practices while noting the improving property-offense trend, based on CRE market data from WDSuite.
Proximity to major employers across manufacturing, homebuilding, healthcare services, pharmaceuticals, and aviation supports a broad commuter tenant base and leasing stability. Nearby anchors include Ball Metal Beverage Packaging, D.R. Horton, Express Scripts, American Airlines Group, and Parker Hannifin.
- Ball Metal Beverage Packaging — manufacturing (12.5 miles)
- D.R. Horton — homebuilding (17.9 miles) — HQ
- Express Scripts — pharmaceuticals & pharmacy benefits (18.6 miles)
- American Airlines Group — aviation & corporate (18.7 miles) — HQ
- Parker Hannifin Corporation — industrial & engineering (21.1 miles)
Built in 1975 with 48 units averaging approximately 749 square feet, the asset is older than the neighborhood’s typical vintage, pointing to potential value-add through interior upgrades and system modernization alongside prudent capital planning. At the neighborhood level, occupancy is strong and renter concentration is competitive among Fort Worth–Arlington–Grapevine peers, which supports income stability and lease retention. Within a 3-mile radius, recent population growth and an increase in households, with further household expansion forecast, suggest a growing tenant base that can underpin steady absorption.
Amenity access is a local strength and median rents have trended upward over five years while remaining manageable relative to incomes, which can sustain pricing power. According to CRE market data from WDSuite, neighborhood occupancy sits above the metro median and amenity density ranks competitively, reinforcing the case for steady performance with thoughtful asset management.
- Competitive neighborhood occupancy and renter concentration support income stability
- 3-mile household growth and forecast expansion indicate a larger tenant base ahead
- 1975 vintage offers value-add and systems modernization opportunities
- Strong local amenity access aids retention and leasing velocity
- Risks: safety metrics trail many metro peers and ownership options may compete for some households