3131 KINGBRIDGE ST, DALLAS, TX, 752123774
$31,223,000
2025 Appraised Value
β 0.0% from prior year
Kingbridge Crossing presents a tactical income hold in a supply-constrained micromarket, but near-term competitive pressure and valuation inflexibility limit upside. The property sits at $220.0K/unit on flat $31.2M appraisal with 75.1% improvement valueβa mature operating asset with minimal redevelopment optionality. Core demand is defensible: 83.6% renter concentration, $91.5K median income, and 23.9% affordability ratio within 1 mile create a captive tenant base, though suburban ring deterioration (62.0% renter occupancy at 5 miles) reveals geographic limits to the submarket's strength. However, a 67-unit pipeline (47.2% of stabilized units) with early-stage permitting suggests staggered deliveries through 2026β2027 that will compress occupancy and rents during the critical underwriting window. Management-quality signals are mixed: Google review trajectory reversed from 2.3 to 5.0 YTD, but only 12.7% review penetration and suspicious engagement patterns warrant direct verification before crediting operational improvement. Watch-list candidate pending supply absorption modeling and interior unit-level inspection; acquisition only if pipeline delays or rent resilience can be confirmed through trailing lease-up data.
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Affordable rental housing across the DFW region
DHA-owned affordable rental housing properties for low-to-moderate income families and individuals. DHA operates 31 properties with approximately 5,000 units located throughout North Texas. Rental options range from studio apartments to five-bedroom homes. Housing types include apartments, single family homes, townhomes and communities specially designed for seniors and persons with disabilities.
Kingbridge Crossing: Class B Garden Community with 2010s-Era Refresh
The 142-unit property underwent primary renovations between 2010β2015, with 7 of 29 analyzed photos reflecting that upgrade window, positioning it as a refreshed Class B asset rather than original 1998 condition. Exterior condition scores heavily toward excellent (20/29 photos) with fresh paint and well-maintained brick/siding, though the analysis lacks interior kitchen/bath detailβcritical omission for assessing true finish caliber and remaining value-add runway. Mixed parking typology (surface + podium garage) and garden/townhome mix suggest moderate density with limited premium amenities evident in the photo set. Without interior specification data, curb appeal and envelope condition alone suggest stable B-class fundamentals, but unit-level renovation consistency and appliance/countertop specifications require property inspection to quantify hold vs. upgrade opportunity.
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Location Profile Presents Transit Arbitrage Opportunity but Lacks Rent Support Data
Walk Score of 67 and Transit Score of 64 position Kingbridge Crossing in Dallas's mid-tier urban corridorβadequate for cost-conscious renters seeking car-lite lifestyles without paying urban core premiums. The Bike Score of 54 suggests supplementary rather than primary cycling infrastructure. Without average monthly rent data, we cannot validate whether pricing reflects this "somewhat walkable" positioning or if management is over-capturing based on supply constraints; comparable properties in 65β70 Walk Score bands typically command 8β12% discounts to higher-walkability assets. Proximity to downtown/employment centers and local amenity density require additional data to assess whether transit access adequately offsets the property's walkability ceiling.
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Pipeline poses material risk to asset fundamentals. The 67-unit construction pipeline represents 47.2% of Kingbridge Crossing's 142-unit inventory, materially threatening occupancy and rent growth in a submarket already experiencing deteriorating vacancy. Permit statuses show early-stage development (most filed within last 6 months, predominantly in revision/document phases), suggesting staggered deliveries through 2026β2027 that will extend competitive pressure across the hold period. Distance data is unavailable, but the concentration of permits on W 9th St and South Dallas corridors indicates direct neighborhood competition rather than isolated pocketsβunderwriting should assume near-term supply absorption headwinds before normalization.
| Distance | Address | Description | Status | Filed |
|---|---|---|---|---|
| 0.4 mi | 1405 SEEGAR ST | (7) four story townhomes. Site development including driv... | Revisions Required | Jun 12, 2025 |
| 0.6 mi | 1900 S ERVAY ST | MANUAL CONVERSION: 1903061211 - EC, FS, FA, PL, ME, EL, G... | Inspection Phase | May 13, 2025 |
| 0.7 mi | 2220 S ERVAY ST | NEW GROUND UP MULTIFAMILY DWELLING, FIVE-STORY WITH 315 A... | Payment Due | Feb 12, 2025 |
| 0.7 mi | 1819 LEAR ST | PROJECT CONSIST OF (2) 5 UNIT 4-STORY NEW CONSTRUCTION TO... | Revisions Required | Nov 24, 2025 |
| 0.8 mi | 1905 CORINTH ST | QTEAM MEETING 11.6.2025 (1:30 PM) Two four story multifam... | Revisions Required | Sep 19, 2025 |
| 0.8 mi | 1919 S HARWOOD ST | QTEAM MEETING 1.29.2026 (1:30 PM) 4 story multifamily apa... | Revisions Required | Dec 29, 2025 |
| 0.8 mi | 2095 S HARWOOD ST | THE PROJECT CONSISTS OF NEW CONSTRUCTION IMPROVEMENTS FOR... | Payment Due | Jul 18, 2023 |
| 0.9 mi | 2705 CLEVELAND ST | The 2705 Cleveland project is a multi-unit urban infill r... | Payment Due | Dec 22, 2025 |
| 0.9 mi | 2708 PARNELL ST | QTEAM MEETING TBD New Construction of 21 units of multifa... | Payment Due | Feb 18, 2026 |
| 0.9 mi | 2013 JACKSON ST | ***Manual Recreation*** 1906051126*** - New Multifamily C... | Inspection Phase | Jul 10, 2025 |
| 1.0 mi | 2829 GOULD ST | The proposed work includes the construction of three-stor... | Revisions Required | Jun 26, 2025 |
| 1.1 mi | 909 E COLORADO BLVD | New construction multifamily. | Inspection Phase | Feb 04, 2025 |
| 1.1 mi | 720 S GOOD LATIMER EXPY | Q Team Review New construction of a 21 level residential ... | Plan Review | Jan 31, 2023 |
| 1.2 mi | 1701 S MALCOLM X BLVD | Q-Team Review, new Construction of two-story structure co... | Inspection Phase | Nov 18, 2021 |
| 1.3 mi | 701 N LANCASTER AVE | New construction 16 condos | Payment Due | Oct 25, 2023 |
| 1.4 mi | 2522 MERLIN ST | NEW CONSTRUCCION MULTIFAMILY | Additional Info Required | Mar 09, 2026 |
| 1.4 mi | 911 E 8TH ST | QTEAM MEETING 6.5.2025 - 20 unit new construction multifa... | Payment Due | May 16, 2025 |
| 1.5 mi | 400 N LANCASTER AVE | New construction of 16 unit multifamily. | Inspection Phase | Jan 28, 2025 |
| 1.5 mi | 312 N LANCASTER AVE | New Construction 16 Multifamily | Payment Due | Jan 19, 2023 |
| 1.6 mi | 1412 METROPOLITAN AVE | The proposed work includes the construction of 2 two-stor... | Inspection Phase | Sep 19, 2025 |
| 1.6 mi | 3201 MAIN ST | QTEAM MEETING 12.3.2025 - NOT USING SB840, CONFIRMED WITH... | Application About to Expire | Oct 16, 2025 |
| 1.6 mi | 1510 E 11TH ST | Mixed-use residential and retail project with 204 units a... | Inspection Phase | Sep 29, 2021 |
| 1.7 mi | 3000 SOUTH BLVD | CONSTRUCTION OF NEW TWO STORY STUDIO APARTMENTS | Revisions Required | Jan 21, 2025 |
| 1.8 mi | 3108 SOUTH BLVD | New 5 unit multi-family dwelling. Previous permit number:... | Revisions Required | Feb 20, 2025 |
| 1.8 mi | 3501 ASH LN | New 293 units apartment complex with wrapping 5 story par... | Revisions Required | Aug 05, 2023 |
| 1.9 mi | 1111 N MADISON AVE | QTEAM MEETING 10.22.2025 New construction of a 4 unit condo | Inspection Phase | Aug 18, 2025 |
| 1.9 mi | 820 VIOLA ST | New construction of 26 DWU, 3 story multifamily developme... | Revisions Required | Mar 10, 2025 |
| 2.0 mi | 719 N ZANG BLVD | New Construction multi family apartment | Inspection Phase | Apr 11, 2023 |
| 2.0 mi | 3608 SAN JACINTO ST | New residential townhomes | Inspection Phase | May 26, 2022 |
| 2.0 mi | 952 S CORINTH ST RD | QTEAM MEETING 3.12.2026 (1:30 PM) - REFERENCE SITE PLAN #... | Revisions Required | Feb 20, 2026 |
| 2.1 mi | 2702 MCKINNEY AVE | 2700 McKinney - 21 Story Mixed Use Tower Including Retail... | Payment Due | Jun 09, 2022 |
| 2.1 mi | 3031 N HARWOOD ST | QTEAM MEETING 9.4.2025 3131 N Harwood For Office and 303... | Revisions Required | Jul 21, 2025 |
| 2.1 mi | 111 W 8TH ST | A new construction of four units to include three single ... | Revisions Required | Sep 16, 2025 |
| 2.1 mi | 115 W 8TH ST | A new construction of four units to include three single ... | Revisions Required | Sep 16, 2025 |
| 2.1 mi | 117 W 8TH ST | A new construction of four units to include three single ... | Revisions Required | Sep 16, 2025 |
| 2.1 mi | 313 N BECKLEY AVE | QTeam Review, New Multifamily | Revisions Required | Jan 02, 2024 |
| 2.2 mi | 217 MELBA ST | Multifamily residential building with 99 units, 4 floors ... | Inspection Phase | Dec 02, 2024 |
| 2.2 mi | 230 MELBA ST | NEW CONSTRUCTION IMPROVEMENTS FOR A (4) DWELLING UNIT, MU... | Inspection Phase | Jun 18, 2025 |
| 2.3 mi | 1000 N PEAK ST | QTEAM 1000 N Peak. New Construction of 54-unit, 3-story M... | Revisions Required | May 15, 2025 |
| 2.4 mi | 4320 SCURRY ST | Q Team for East Village II New Construction for 3 buildin... | Inspection Phase | May 19, 2022 |
| 2.4 mi | 416 W 9TH ST | New construction 8-unit townhomes | Revisions Required | Oct 07, 2024 |
| 2.4 mi | 4315 SCURRY ST | Q Team review for East Village New Construction for 15 -... | Inspection Phase | May 04, 2022 |
| 2.4 mi | 1714 RIPLEY ST | New construction of five townhomes. | Inspection Phase | Jun 19, 2024 |
| 2.5 mi | 4618 COLUMBIA AVE | Multifamily-2 New Duplex | Application About to Expire | Dec 16, 2021 |
| 2.5 mi | 504 W 9TH ST | New Construction of 9 condos | Inspection Phase | Jun 18, 2024 |
| 2.5 mi | 125 N ADAMS AVE | New Construction MF 9 condos | Inspection Phase | Jun 18, 2024 |
| 2.5 mi | 2505 TURTLE CREEK BLVD | New construction of 20-story assisted living building wit... | Inspection Phase | Aug 06, 2024 |
| 2.5 mi | 4319 SAN JACINTO ST | New Construction 9 unit multifamily. | Inspection Phase | Sep 17, 2024 |
| 2.5 mi | 4315 SAN JACINTO ST | New construction of 9 units multifamily | Payment Due | Sep 17, 2024 |
| 2.5 mi | 4475 SCURRY ST | New Construction of 18 unit Multifamily. | Inspection Phase | Oct 11, 2024 |
| 2.5 mi | 4405 SCURRY ST | Q-Team 4405 Scurry for a New, Commercial Multifamily deve... | Revisions Required | Nov 20, 2024 |
| 2.5 mi | 508 W 9TH ST | Multifamily Townhomes | Document Received | Mar 11, 2026 |
| 2.5 mi | 1717 N PEAK ST | Commercial New construction of a 7-unit multi-family buil... | Payment Due | Feb 27, 2025 |
| 2.5 mi | 516 W 9TH ST | Multifamily Townhomes | Document Received | Mar 11, 2026 |
| 2.5 mi | 525 MELBA ST | QTEAM MEETING 8.4.2025 1:30PM To Build 5 (4 story) Condom... | Inspection Phase | Jun 23, 2025 |
| 2.5 mi | 419 W 10TH ST | QTEAM MEETING 11.6.2025 New Construction - multifamily -... | Inspection Phase | Sep 29, 2025 |
| 2.6 mi | 1255 ANNEX AVE | QTEAM MEETING 1.8.26 (1:30 PM) New Construction - Multifa... | Inspection Phase | Nov 24, 2025 |
| 2.7 mi | 4918 EAST SIDE AVE | New construction of 5-unit townhome building | Application About to Expire | Jun 28, 2024 |
| 2.7 mi | 2621 SOUTHERLAND AVE | NEW 180 UNIT APARTMENT COMPLEX | Inspection Phase | Aug 12, 2024 |
| 2.7 mi | 1902 N CARROLL AVE | New Construction of 3 story 33 townhouses with garage at ... | Inspection Phase | Jul 01, 2022 |
| 2.8 mi | 3555 DICKASON AVE | Q-Team Migrated NEW 4 LEVEL ABOVE GRADE GARAGE(1-3.5).LEV... | Payment Due | Mar 24, 2021 |
| 2.8 mi | 210 W SUFFOLK AVE | 4-UNIT TOWNHOUSE DEVELOPMENT WITH THE SAME DESIGN AND LAY... | Revisions Required | May 13, 2025 |
| 2.8 mi | 4918 BRYAN ST | New construction MFD, 7 dwelling units, 4918 Bryan | Inspection Phase | Jun 02, 2023 |
| 2.9 mi | 1722 N FITZHUGH AVE | 5 Townhome Units New Construction (Multifamily) | Plan Review | Dec 10, 2025 |
| 2.9 mi | 1724 S DENLEY DR | Two Story Multifamily New Construction | Revisions Required | Dec 15, 2025 |
| 2.9 mi | 4704 MONARCH ST | Multifamily New Construction, 8 townhouses with 2 bedrooms | Inspection Phase | Apr 01, 2025 |
| 2.9 mi | 713 W 12TH ST | NEW CONSTRUCTION, FOUR APARTMENTS TOTAL OF 1917 SQ. FT. | Revisions Required | Jun 18, 2024 |
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Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.
Computed from nearby properties within 3 miles of similar vintage
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Kingbridge Crossing is a 142-unit garden-style apartment community built in 1998 with wood-frame construction and brick exterior, totaling 163,956 SF across a single story. Classified as good quality/condition, the property offers washer/dryer connections, a recreation center, and accessibility features typical of affordable housing stock. Located in Dallas with a Walk Score of 67, the community is DHA-operated affordable housing serving low-to-moderate income households. Parking type and pet policy are not specified in available data.
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| Unit | Beds | Baths | Sqft | Rent | Status | Listed | Days |
|---|---|---|---|---|---|---|---|
| 1 Bedroom | 1BR | β | β | Inactive | Mar 20 | β | |
| 2 Bedroom | 2BR | β | β | Inactive | Mar 20 | β | |
| 3 Bedroom | 3BR | β | β | Inactive | Mar 20 | β | |
| 4 Bedroom | 4BR | β | β | Inactive | Mar 20 | β |
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KINGBRIDGE CROSSING operates in a strong rent-supportive micromarket: the 1-mile radius shows $91.5K median household income against a 23.9% affordability ratio, indicating rents are achievable for the core demand base. The 83.6% renter concentration within 1 mile signals deep, captive demandβthis is not a marginal renter population but the primary housing choice, reinforced by bimodal income distribution skewed toward $100K+ earners (43.7% of households). However, demand softens materially in the suburban ring: the 5-mile radius drops to 62.0% renter occupancy and a $78.4K median income, suggesting the property benefits from a tight urban/urban-adjacent location rather than broader metro fundamentals. Population scale ($343.6K in 5 miles) and 1.42 household size in the core point to a younger, likely single/couple demographic aligned with multifamily demand, though missing age cohort data limits confirmation of prime renter penetration.
Source: US Census ACS 5-Year Estimates (2023) Β· 3 tracts (1mi)
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Kingbridge Crossing appraisal shows flat valuation with modest land component. At $31.2M total value, the property sits at $220.0K per unitβreasonable for a 1998-vintage 142-unit asset but offers limited visibility into trajectory with only 2025 data. The land-to-total split of 24.9% ($7.8M) leaves minimal redevelopment optionality; the 75.1% improvement value reflects a mature operating asset rather than a value-add repositioning candidate. Zero YoY appreciation suggests either market saturation in the submarket or conservative appraisal methodology, requiring prior-year comparables to distinguish between actual stagnation and baseline underwriting.
| Year | Total Value | Change |
|---|---|---|
| 2025 | $31,223,000 | +0.0% |
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Kingbridge Crossing exhibits a dramatic management improvement that warrants verification before underwriting. The 6-month trend reversed sharply from 2.3 to 5.0, driven entirely by recent 5-star reviews, while four 1-star reviews cluster in 2020 and 2025-10 with no substantive text. The data quality is poorβ18 reviews across 142 units (12.7% penetration), minimal review content, and suspicious duplicate entries spanning 2015β2022 suggest either Google scraping artifacts or low organic resident engagement. Positive reviews highlight community cohesion ("KBC4L"), but the 2025-10 "No photos" 1-stars and absence of specific property feedback (maintenance, amenities, management responsiveness) limit signal strength. Recommend direct resident interviews and management change verification before relying on this rating trajectory to support investment thesis.
23 reviews total
Gre
Gre
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