MIDWAY URBAN VILLAGE

4050 MCEWEN RD, FARMERS BRANCH, TX

APARTMENT (BRICK EXTERIOR) Garden 263 units Built 2019 3 stories ★ 4.0 (141 reviews) 🚶 54 Somewhat Walkable 🚌 26 Some Transit 🚲 49 Somewhat Bikeable

$71,500,000

2025 Appraised Value

↓ 1.4% from prior year

MIDWAY URBAN VILLAGE – INVESTMENT OVERVIEW

The critical signal: a physically stabilized, well-maintained Class A asset with acute but remediable management dysfunction masking strong underlying fundamentals. Midway Urban Village trades at a compressed 4.88% cap versus 5.88% submarket average—pricing in stabilization rather than value-add—yet Google review deterioration (2.7/5.0 recent vs. 3.0 historical) driven by a single leasing staff member suggests operational headwinds are temporary and reversible. Demographically, the property captures high-opportunity-cost renters (39.7% earning $100K+ within 1 mile) at $2.1K rents despite a car-dependent walkability profile (Walk Score 54), creating vulnerability to comparable Class A stock in higher-transit markets but also signaling pricing power supported by finishes rather than location. Zero near-term competitive supply (0 pipeline units) and minimal capex needs (62 of 70 units in excellent condition, finishes dating 2016–2020) eliminate near-term downside, though the 88.1% improvement-to-land ratio ($63.0M/$8.5M) caps redevelopment optionality. Recommendation: Watch-list, conditional on operational remediation. Stabilized pricing and compressed cap rate argue against acquisition at current valuation, but the staff-driven resident satisfaction collapse presents a 90–180 day operational litmus test; if management turnover restores review scores toward historical 3.5+ baseline, this becomes a defensible institutional hold with predictable $13.3K NOI/unit and zero leasing velocity risk.

AI overview · Updated 2 days ago
Abstract Notes

No notes yet

QUALITY LIVING

Midway Urban Village is a modern residential community situated in Farmers Branch, Texas. Offering a blend of contemporary design and urban convenience, MUV provides residents with a range of amenities and features aimed at enhancing their living experience.

Finish Quality & Unit Consistency

Midway Urban Village presents as a Class A asset with minimal value-add opportunity: 62 of 70 photos rated "excellent" condition, with 44 units showing upgraded finishes and 12 premium. Kitchens uniformly feature white/light gray shaker or modern slab cabinetry, quartz countertops (predominantly white with gray veining), and mid-to-premium stainless steel appliances (Samsung/LG tier); 33 photos suggest 2016–2020 renovation dating, indicating finishes are 4–8 years old but properly maintained. All bathrooms documented show contemporary fixtures, dual vanities, and subway tile—no evidence of partial renovation or inconsistent standards across units.

Exterior & Amenities Offset Minimal Age

The 2019-built mid-rise podium architecture features brick/stone facades, contemporary landscaping, and curated outdoor spaces. Pool amenities appear resort-caliber with lap pools, hot tubs, and concrete decking framed by mature plantings. However, the uniform "fresh" paint (46 observations) and zero documented deferred maintenance suggest minimal near-term capex needs, which limits upside from physical repositioning.

Bottom Line

This is a well-executed, fully modernized product with no obvious renovation gaps—suitable for stabilized hold rather than value-add play.

AI analysis · Updated 22 days ago

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AI Analysis

Midway Urban Village's walkability profile underperforms its rent positioning. With a Walk Score of 54 and Transit Score of 26, the property occupies car-dependent territory—tenants will require vehicles for most errands despite $2,147/month rents that approach urban-core pricing. Farmers Branch's limited transit connectivity and moderate walkability to amenities suggest the $2.1K rent reflects building quality and finishes rather than location premium, creating potential vulnerability to comparable properties in higher-scoring submarkets. This rent-to-walkability mismatch warrants scrutiny on tenant retention and demand stability, particularly if the property targets young professionals typically willing to pay location premiums for transit access.

AI analysis · Updated 9 days ago
Distance Name Category
📍 10.6 miles from Downtown Dallas
Map Notes

No notes yet

Construction Pipeline Analysis: MIDWAY URBAN VILLAGE

Zero units in the development pipeline (0.0% of the 263-unit inventory) with no active construction nearby represents a material supply advantage for this asset. The absence of competitive deliveries removes near-term occupancy and rent growth headwinds, particularly valuable if the submarket is experiencing tightening conditions. This supply constraint should support pricing power through the current cycle, though investors should monitor permit activity for early indicators of future competitive pressure.

AI analysis · Updated 22 days ago
🏗️ 0 permits within 3 mi
0% pipeline

No multifamily construction permits found within 3 miles

Nearby Construction Notes

No notes yet

Debt Notes

No notes yet

Financial Estimates

Midway Urban Village trades at a 4.88% implied cap rate versus a 5.88% submarket average, indicating stabilized pricing despite a 2019 vintage and modest 45% opex ratio. NOI per unit of $13.3K sits meaningfully below the submarket's implied $10.2K per unit ($173.7K PSF ÷ 5.88%), suggesting either above-market rents or below-market operating costs—likely the latter given the sub-market opex. The 6.5% vacancy assumption is conservative relative to Dallas Class A/B norms, creating downside risk if the property normalizes; at 7.5% vacancy, NOI per unit would compress to $12.7K, pushing the implied cap closer to 5.2%. This property is priced for a stabilized buyer willing to accept submarket cap rates, not a value-add operator.

AI analysis · Updated 9 days ago

Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.

Sale & Valuation

Est. Sale Price
Sale $/Unit
Value YoY
-1.4%
Implied Cap Rate
4.88%
Est. Cap Rate

Operating Income

Gross Potential Rent
$6,778,345/yr
Est. Vacancy
6.5%
Submarket Vac.
5.6%
Eff. Gross Income
$6,337,753/yr
OpEx Ratio
45%
Est. NOI
$3,485,764/yr
NOI/Unit
$13,254/yr

Debt & Taxes

Taxes/Unit
$6,797/yr
Est. DSCR

Submarket Benchmarks

📊

Computed from nearby properties within 3 miles of similar vintage

Submarket Cap Rate
5.88%
Price/Unit Benchmark
$173,704
Rent/SF
$2.08/sf
Financial Estimates Notes

No notes yet

Property Summary

Midway Urban Village is a 263-unit, 3-story garden apartment completed in 2019 with brick masonry construction, rated in excellent condition. The 84.3K SF property delivers 273.4K SF net leasable area, indicating efficient unit density typical of mid-rise multifamily. Located in Farmers Branch with a walk score of 54, the asset sits in a car-dependent suburban corridor north of Dallas; parking details are not specified in the data. Pets are permitted; utility allocation between owner and resident is not documented.

AI analysis · Updated 22 days ago

Property Details

Account #
241316300A01A0000
Market
Dallas County, TX
Building Class
APARTMENT (BRICK EXTERIOR)
Building Style
Garden
Construction
C-MASONRY, BLOCK, TILT-WALL
Quality
EXCELLENT
Condition
EXCELLENT
Stories
3
Gross Building Area
84,338 SF
Net Leasable Area
273,427 SF
Neighborhood
UNASSIGNED
Last Sale
July 27, 2021
Place ID
ChIJPbI7_JonTIYRp_W2qb_1vfM
Business Status
Operational
Enriched
about 2 months ago

Owner Information

Owner
MUV 4050 LLC
Mailing Address
MINNEAPOLIS, MINNESOTA 554164223
Property Notes

No notes yet

Rental Performance

Pricing power concentrated in larger units; 1BR significantly outperforming market. Midway Urban Village's 1BR asking rents of $1.76M exceed the Dallas submarket benchmark of $1.52M by 1.6%, while 2BR ($2.93M) and 3BR ($3.18M) units command premiums of 46.0% and 27.5% respectively over comparable benchmarks. Minimal leasing velocity (17 active listings across 263 units = 6.5% availability) with no active concessions suggests tight demand. However, 1BR rent dispersion in recent events ($1.57M–$2.15M) indicates unit-level heterogeneity or tiering strategy rather than consistent market clearing.

AI analysis · Updated 2 days ago
Submarket Rent Growth
+15.07% trailing 12mo
📊 Nearby properties
Vacancy Trend
📊 RentCast zip-level data
Submarket Rent/SF
$2.08/sf
📊 Nearby properties

Rent Trends

Estimated Occupancy

Estimated from listed vacancies vs total units

Available Units Over Time

Latest Scrape (Mar 25, 2026)

Available
1 units

Fees

Application: Admin: Pet Deposit: Pet Rent Monthly:
🏠 17 active listings | 1BR avg $1,760 (mkt $1,515 ↑16% ) | 2BR avg $2,930 (mkt $2,007 ↑46% ) | 3BR avg $3,178 (mkt $2,493 ↑27% ) | Trend: ↓ 10.1%
Unit Beds Baths Sqft Rent Status Listed Days
3BR 4 1,639 $3,235 Active Apr 6 1
Dec $3,235 Jan $3,235 Jan $3,235 Jan $3,235 Feb $3,235 Feb $3,235 Feb $3,235 Feb $3,235 Mar $3,235 Mar $3,235 Mar $3,235 Apr $3,235 (↑0.0%)
3BR 4 1,639 $3,150 Active Apr 4 1
Jan $3,150 Jan $3,150 Jan $3,150 Jan $3,150 Feb $3,150 Feb $3,150 Feb $3,150 Mar $3,150 Mar $3,150 Mar $3,150 Apr $3,150 (↑0.0%)
3BR 4 1,639 $3,150 Active Apr 6 1
Sep $3,527 Apr $3,150 (↓10.7%)
2BR 3 1,587 $2,955 Active Apr 6 1
Mar $3,489 Mar $2,955 Mar $2,955 Apr $2,955 (↓15.3%)
2BR 3 1,482 $2,904 Active Apr 4 1
Mar $2,904 Mar $2,904 Apr $2,904 (↑0.0%)
1BR 1 1,030 $2,150 Active Apr 4 1
Apr $2,150
1BR 1 956 $2,100 Active Apr 6 1
Apr $2,100
1BR 1 956 $2,100 Active Apr 6 1
Apr $2,100
1BR 1 956 $2,100 Active Apr 6 1
Mar $2,100 Apr $2,100 (↑0.0%)
1BR 1 620 $1,630 Active Apr 6 1
Apr $1,630
1BR 1 620 $1,605 Active Apr 4 1
Feb $1,399 Feb $1,399 Feb $1,399 Feb $1,399 Feb $1,399 Mar $1,399 Mar $1,605 Apr $1,605 (↑14.7%)
1BR 1 620 $1,605 Active Apr 6 1
Apr $1,605
1BR 1 555 $1,588 Active Apr 6 1
Jan $1,538 Jan $1,538 Jan $1,538 Feb $1,538 Feb $1,538 Mar $1,538 Mar $1,538 Mar $1,588 Mar $1,588 Apr $1,588 (↑3.3%)
1BR 1 620 $1,580 Active Apr 5 1
Feb $1,374 Mar $1,374 Mar $1,580 Apr $1,580 (↑15.0%)
1BR 1 620 $1,570 Active Apr 6 1
Oct $1,522 Dec $1,375 Jan $1,375 Jan $1,375 Feb $1,375 Mar $1,375 Mar $1,375 Mar $1,570 Mar $1,570 Mar $1,570 Apr $1,570 (↑3.2%)
1BR 1 620 $1,545 Active Jun 20 291
Jun $1,545
1BR 1 620 $1,545 Active Apr 4 1
Apr $1,545
Apt 10103 3BR 4 1,639 $4,197 Inactive Feb 22 124
Apt 16109 3BR 4 1,639 $4,097 Inactive Nov 16 224
Apt 16105 3BR 4 1,639 $4,097 Inactive Jun 28 365
Apt 16107 3BR 4 1,639 $4,097 Inactive Jun 22 365
Apt 16107 3BR 4 1,639 $3,693 Inactive Oct 22 2
Apt 10107 3BR 4 1,639 $3,612 Inactive Jul 12 384
Apt 6106 2BR 3 1,482 $3,367 Inactive Aug 26 20
Apt 14102 2BR 3 1,482 $3,350 Inactive Jun 27 365
Apt 6107 2BR 3 1,536 $3,259 Inactive Dec 6 48
Apt 3105 2BR 3 1,536 $3,204 Inactive Dec 3 266
Apt 10109 3BR 4 1,639 $3,201 Inactive May 24 365
Apt 10113 2BR 3 1,536 $3,201 Inactive Jun 15 93
Apt 5103 2BR 3 1,482 $3,201 Inactive Mar 24 38
Apt 5106 2BR 3 1,536 $3,164 Inactive Apr 19 470
3BR 4 1,639 $3,150 Inactive Jan 9 1
Dec $3,150 Jan $3,150 (↑0.0%)
Apt 10114 2BR 3 1,482 $3,116 Inactive Sep 7 304
Apt 5104 2BR 3 1,536 $3,114 Inactive Jul 19 15
Apt 6105 2BR 3 1,536 $3,113 Inactive Mar 25 34
Apt 14104 2BR 3 1,482 $3,101 Inactive Apr 7 25
Apt 3106 2BR 3 1,482 $3,094 Inactive Nov 18 399
Apt 16102 2BR 3 1,482 $3,094 Inactive Apr 6 624
Apt 14109 2BR 3 1,536 $3,059 Inactive Jan 25 365
Apt 5107 2BR 3 1,482 $2,989 Inactive Aug 21 1
2BR 3 1,482 $2,969 Inactive Sep 24 1
Sep $2,969
Apt 10115 2BR 3 1,536 $2,961 Inactive Jan 21 102
Apt 5105 2BR 3 1,482 $2,956 Inactive Jun 1 78
Apt 12106 2BR 3 1,482 $2,956 Inactive Jun 17 60
2BR 3 1,587 $2,955 Inactive Apr 3 1
Apr $2,955
Apt 3104 2BR 3 1,482 $2,939 Inactive Jul 9 389
2BR 3 1,482 $2,939 Inactive Apr 3 1
Mar $2,939 Apr $2,939 (↑0.0%)
Apt 3103 2BR 3 1,536 $2,919 Inactive Sep 19 1
2BR 3 1,482 $2,904 Inactive Feb 17 1
Feb $2,904 Feb $2,904 Feb $2,904 Feb $2,904 (↑0.0%)
2BR 3 1,482 $2,904 Inactive Jan 26 1
Dec $2,849 Dec $2,849 Jan $2,849 Jan $2,904 Jan $2,904 (↑1.9%)
Apt 15107 2BR 3 1,536 $2,902 Inactive May 23 365
Apt 14107 2BR 3 1,536 $2,900 Inactive Mar 25 59
2BR 3 1,482 $2,854 Inactive Feb 11 1
Jan $2,854 Feb $2,854 Feb $2,854 (↑0.0%)
Apt 15102 2BR 3 1,482 $2,840 Inactive Feb 22 65
Apt 6104 2BR 3 1,482 $2,827 Inactive May 23 365
Apt 3102 2BR 3 1,482 $2,815 Inactive May 24 365
Apt 12104 2BR 3 1,482 $2,789 Inactive Aug 17 1
Apt 5108 2BR 3 1,589 $2,789 Inactive May 16 528
Apt 5108 2BR 3 1,589 $2,789 Inactive Oct 22 2
Apt 12101 2BR 3 1,536 $2,703 Inactive Oct 29 728
Apt 12101 2BR 3 1,536 $2,703 Inactive Oct 22 2
2BR 3 1,536 $2,700 Inactive Mar 16 1
Dec $2,700 Dec $2,700 Feb $2,700 Mar $2,700 Mar $2,700 (↑0.0%)
Apt 3108 2BR 3 1,482 $2,660 Inactive Jul 23 68
Apt 14110 2BR 3 1,482 $2,656 Inactive Sep 9 139
Apt 16108 2BR 3 1,482 $2,646 Inactive Apr 19 42
Apt 15111 2BR 3 1,482 $2,643 Inactive Oct 29 38
Apt 15105 2BR 3 1,536 $2,631 Inactive Nov 19 68
Apt 12104 2BR 3 1,482 $2,599 Inactive Oct 22 2
Apt 16110 2BR 3 1,482 $2,525 Inactive Oct 22 2
1BR 2 956 $2,393 Inactive Sep 28 1
Sep $2,393
1BR 2 996 $2,353 Inactive Oct 1 1
Sep $2,353 Oct $2,353 (↑0.0%)
Apt 4108 1BR 2 956 $2,343 Inactive Jul 19 380
Apt 5101 1BR 2 1,030 $2,332 Inactive Apr 9 10
Apt 13112 1BR 2 956 $2,322 Inactive Apr 29 365
Apt 18126 1BR 2 1,008 $2,318 Inactive Aug 15 1
Apt 4113 1BR 2 956 $2,273 Inactive May 23 365
Apt 4114 1BR 2 956 $2,265 Inactive May 22 365
1BR 1 956 $2,243 Inactive Jan 30 1
Dec $2,243 Jan $2,243 Jan $2,243 Jan $2,243 (↑0.0%)
1BR 2 956 $2,243 Inactive Oct 1 1
Sep $2,243 Oct $2,243 (↑0.0%)
1BR 2 956 $2,243 Inactive Oct 1 1
Oct $2,243
Apt 4104 1BR 2 956 $2,243 Inactive Sep 1 1
Apt 11120 1BR 2 956 $2,241 Inactive Nov 17 35
Apt 17115 1BR 2 956 $2,236 Inactive Sep 7 198
Apt 13103 1BR 2 956 $2,235 Inactive Feb 6 25
Apt 11124 1BR 2 996 $2,227 Inactive Jan 24 365
1BR 2 1,030 $2,218 Inactive Sep 29 1
Sep $2,218
Apt 11112 1BR 2 956 $2,211 Inactive Jun 27 365
Apt 18119 1BR 2 956 $2,210 Inactive Jan 19 45
Apt 4107 1BR 2 956 $2,180 Inactive Jun 1 23
Apt 11118 1BR 2 956 $2,180 Inactive Jun 15 6
Apt 13110 1BR 2 956 $2,179 Inactive Dec 11 659
Apt 4120 1BR 2 956 $2,171 Inactive Oct 29 18
Apt 17103 1BR 2 956 $2,171 Inactive Aug 26 82
Apt 4109 1BR 2 956 $2,171 Inactive Mar 14 246
Apt 13106 1BR 2 956 $2,167 Inactive Jun 25 13
Apt 13105 1BR 2 1,030 $2,165 Inactive May 5 26
1BR 1 1,030 $2,150 Inactive Mar 29 1
Mar $2,150 Mar $2,150 (↑0.0%)
Apt 11103 1BR 2 956 $2,150 Inactive Sep 22 38
Apt 14101 1BR 2 1,030 $2,143 Inactive Jul 8 47
Apt 18123 1BR 2 956 $2,128 Inactive Jul 23 96
Apt 18123 1BR 2 956 $2,128 Inactive Oct 22 2
Apt 4105 1BR 2 956 $2,127 Inactive Jun 2 365
Apt 18114 1BR 2 1,030 $2,127 Inactive Jan 4 32
Apt 17111 1BR 2 956 $2,126 Inactive Nov 16 729
1BR 2 956 $2,124 Inactive May 13 1
May $2,124
Apt 18117 1BR 2 956 $2,118 Inactive Jan 19 219
Apt 17122 1BR 2 956 $2,117 Inactive Jun 24 14
Apt 4121 1BR 2 956 $2,103 Inactive Mar 8 365
1BR 1 956 $2,100 Inactive Apr 3 1
Feb $2,050 Feb $2,050 Feb $2,050 Apr $2,100 (↑2.4%)
1BR 1 956 $2,100 Inactive Mar 31 1
Mar $2,100
Apt 17102 1BR 2 1,008 $2,090 Inactive Mar 5 87
Apt 15101 1BR 2 1,030 $2,082 Inactive Mar 23 365
Apt 17103 1BR 2 956 $2,078 Inactive Oct 22 2
Apt 17111 1BR 2 956 $2,078 Inactive Oct 22 2
Apt 4115 1BR 2 956 $2,078 Inactive Oct 22 1
Apt 6108 1BR 2 956 $2,075 Inactive Jan 8 18
Apt 13104 1BR 2 956 $2,052 Inactive Sep 16 159
1BR 1 956 $2,050 Inactive Feb 26 1
Feb $2,050 Feb $2,050 (↑0.0%)
1BR 1 956 $2,050 Inactive Jan 25 1
Sep $2,243 Sep $2,243 Jan $2,050 Jan $2,050 Jan $2,050 (↓8.6%)
Apt 11116 1BR 2 956 $2,034 Inactive Dec 21 36
Apt 11114 1BR 2 956 $2,016 Inactive Aug 18 28
Apt 11117 1BR 2 956 $2,007 Inactive Mar 25 365
Apt 4102 1BR 2 956 $1,999 Inactive Sep 16 191
Apt 11105 1BR 2 956 $1,841 Inactive Nov 16 20
1BR 1 749 $1,724 Inactive Apr 3 1
Mar $1,724 Mar $1,724 Apr $1,724 (↑0.0%)
1BR 1 749 $1,699 Inactive Dec 27 1
Sep $1,803 Oct $1,803 Dec $1,699 Dec $1,699 (↓5.8%)
Apt 7401 1BR 1 805 $1,675 Inactive Jun 7 31
1BR 1 620 $1,643 Inactive Sep 29 1
Sep $1,643
1BR 1 620 $1,640 Inactive Jun 5 1
Jun $1,640
Apt 9304 1BR 1 620 $1,632 Inactive May 27 31
1BR 1 620 $1,630 Inactive Apr 3 1
Feb $1,424 Feb $1,424 Mar $1,424 Mar $1,424 Mar $1,630 Apr $1,630 (↑14.5%)
1BR 1 664 $1,610 Inactive Mar 31 1
Jan $1,400 Jan $1,400 Feb $1,400 Feb $1,400 Mar $1,610 Mar $1,610 Mar $1,610 (↑15.0%)
Apt 9307 1BR 1 620 $1,583 Inactive Sep 12 1
Apt 9404 1BR 1 620 $1,571 Inactive Aug 26 36
Apt 7405 1BR 1 620 $1,548 Inactive Sep 13 1
1BR 1 716 $1,538 Inactive Oct 1 1
Oct $1,538
Apt 7206 1BR 1 664 $1,523 Inactive Sep 16 1
Apt 7404 1BR 1 664 $1,523 Inactive Sep 13 1
Apt 9308 BR 1 503 $1,521 Inactive Aug 15 1
Apt 9202 1BR 1 555 $1,510 Inactive Jun 24 365
Apt 7301 1BR 1 805 $1,510 Inactive Apr 8 10
1BR 1 716 $1,500 Inactive Jan 30 1
Jan $1,500 Jan $1,500 (↑0.0%)
Apt 8203 1BR 1 620 $1,499 Inactive Aug 27 42
Apt 7203 1BR 1 708 $1,495 Inactive Mar 25 365
Apt 7308 1BR 1 664 $1,485 Inactive Dec 6 144
Apt 9405 1BR 1 620 $1,483 Inactive May 24 365
Apt 9407 1BR 1 620 $1,479 Inactive Mar 14 23
Apt 8305 1BR 1 620 $1,478 Inactive Sep 17 60
Apt 9204 1BR 1 620 $1,453 Inactive Oct 27 749
Apt 9208 BR 1 503 $1,450 Inactive Oct 27 56
1BR 1 664 $1,400 Inactive Feb 27 1
Jan $1,400 Feb $1,400 Feb $1,400 Feb $1,400 (↑0.0%)
Apt 7204 1BR 1 620 $1,400 Inactive Jun 24 14
Apt 9205 1BR 1 620 $1,399 Inactive Feb 22 365
Apt 7306 1BR 1 664 $1,394 Inactive Feb 22 365
Studio 1 503 $1,384 Inactive Jan 30 1
Jan $1,384 Jan $1,384 (↑0.0%)
Apt 9301 BR 1 477 $1,376 Inactive Oct 22 1
Apt 7309 1BR 1 582 $1,370 Inactive Mar 22 365
Apt 7304 1BR 1 664 $1,335 Inactive Apr 7 365
Studio 1 477 $1,305 Inactive Mar 31 1
Mar $1,200 Mar $1,200 Mar $1,305 Mar $1,305 Mar $1,305 (↑8.8%)
Apt 9302 1BR 1 555 $1,248 Inactive Apr 10 365
Apt 7408 1BR 1 664 $1,243 Inactive Nov 4 762
Apt 8202 1BR 1 620 $1,218 Inactive Jul 15 509
Studio 1 477 $1,200 Inactive Mar 18 1
Feb $1,200 Mar $1,200 Mar $1,200 Mar $1,200 (↑0.0%)
Apt 9203 1BR 1 620 $1,183 Inactive Nov 16 19
1BR, 1.5BA 1BR 1 956 Inactive Mar 25
Rental Notes

No notes yet

Demographics

Affordability tailwinds in dense urban core; rent-to-income ratio deteriorates sharply at property boundary. The 1-mile radius shows 26.1% affordability ratio against $84.4K median income—tight but serviceable for a $2.1K monthly rent. However, this demand concentration is artificially constrained: 79.9% renter occupancy indicates limited ownership alternatives, not necessarily strong income support. Income distribution within 1 mile skews bimodal ($100K+ = 39.7%) yet still carries meaningful sub-$50K population (26.7%), suggesting mixed-income tenant base. Beyond the immediate submarket, the 3- and 5-mile rings show materially better fundamentals (19.6% and 19.1% ratios, respectively, with $98.6K–$99.3K median incomes and 23–24.7% earning $150K+), signaling this property captures high-opportunity-cost renters—likely urban professionals avoiding longer commutes rather than a natural fit for the local income floor.

AI analysis · Updated 9 days ago

1-Mile Radius

Population
10,987
Households
5,694
Avg Household Size
1.99
Median HH Income
$84,360
Median Home Value
$365,736
Median Rent
$1,834
% Renter Occupied
79.9%
Affordability
26.1% (rent/income)
Income Distribution
<$25k $150k+

3-Mile Radius

Population
130,448
Households
59,838
Avg Household Size
2.3
Median HH Income
$98,639
Median Home Value
$401,868
Median Rent
$1,611
% Renter Occupied
57.7%
Affordability
19.6% (rent/income)
Income Distribution
<$25k $150k+

5-Mile Radius

Population
329,082
Households
140,870
Avg Household Size
2.47
Median HH Income
$99,324
Median Home Value
$427,619
Median Rent
$1,578
% Renter Occupied
55.0%
Affordability
19.1% (rent/income)
Income Distribution
<$25k $150k+

Source: US Census ACS 5-Year Estimates (2023) · 3 tracts (1mi)

Demographics Notes

No notes yet

Unit Mix

Unit Mix Concentration & Market Positioning

One-bedrooms dominate at 34.6% of the 263-unit portfolio, with studios nearly absent (1.1%), signaling heavy positioning toward young professionals and single-income households—appropriate for an urban 2019 asset. The three-bedroom-plus category underweights family demographics at just 3.8%, leaving potential upside if neighborhood demographics shift toward household formation. Average rents scale predictably ($1,760 for 1BR, $2,930 for 2BR, $3,178 for 3BR), but the two-bedroom cohort shows only 2 units listed against 40 in inventory, suggesting either low turnover, long hold periods, or potential leasing friction at that price point that warrants deeper occupancy analysis.

AI analysis · Updated 9 days ago

Estimated from 144 listed units (54.8% of 263 total)

Studio 3 units
1BR 91 units
2BR 40 units
3BR+ 10 units
Unit Mix Notes

No notes yet

Amenities

Pet Policy

Furry friends are always welcome

Amenities Notes

No notes yet

Appraisal History

Appraisal History:

The property's 2025 appraised value of $71.5M represents a 1.4% YoY decline, signaling either market softening or cap rate expansion in the Dallas multifamily space post-2024. At $271.8K per unit, the valuation sits squarely in institutional multifamily territory for a 2019 vintage asset. The 88.1% improvement-to-land ratio ($63.0M vs. $8.5M) leaves minimal redevelopment upside; the land stub suggests the asset was built to full density and carries significant structural value, limiting play-book flexibility beyond value-add operations.

AI analysis · Updated 22 days ago
Year Total Value Change
2025 $71,500,000 -1.4%
Appraisal Notes

No notes yet

Google Reviews

Rating deterioration signals acute management dysfunction masking underlying asset quality. The 6-month average of 2.7 versus prior-period 3.0 reflects a sharp decline, with 29 of 141 reviews rated 1-star—heavily concentrated post-September 2025 and centered on a single staff member (Caprice). The polarization is extreme: 97 five-star and 29 one-star reviews with minimal middle ground, indicating a bifurcated resident experience tied to leasing office interactions rather than unit/maintenance issues. While pre-Caprice reviews (through mid-2024) praise maintenance quality and prior leasing staff (Amanda), recent 1-star complaints cite unresponsiveness, professionalism lapses, and management negligence on harassment complaints—suggesting turnover-driven operational degradation that masks a physically sound, well-maintained asset. This is a staffing crisis masquerading as a property problem; operational remediation could rapidly restore resident satisfaction and underwriting assumptions.

AI analysis · Updated 9 days ago

Rating Distribution

5★
97 (71%)
4★
5 (4%)
3★
1 (1%)
2★
5 (4%)
1★
29 (21%)

137 reviews total

Rating Trend

Reviews

Tiana Q ★☆☆☆☆ Feb 2026

Caprice is extremely unprofessional and unreliable. She spread alleged statements that led to the property manager being fired, and her repeated dishonesty calls her credibility into question. She should not be representing this company.

Parris P. ★☆☆☆☆ Feb 2026

I’ve lived at Midway Urban Village for nearly five years and I’m generally a low-maintenance resident. Unfortunately, when I do need the leasing office, the experience is consistently frustrating and has gotten worse over time. The biggest issues are poor communication, lack of follow-through, billing mistakes, and little to no accountability.

Examples:
• Lease renewal: I had to repeatedly call/email for renewal paperwork that should have been sent earlier. I was later incorrectly charged a month-to-month rate due to the office not processing things correctly, and the resolution came with no acknowledgment or apology, just “we’ll reverse it if you sign,” this response specifically came from Ashley M. , who is supposed to be a replacement for the former woman who was clearly terrible at her job. It’s not giving much of an improvement in my opinion.

•Townhome transfer (started by Ashley, never completed by Ashley): The application process was disorganized, slow, and required constant follow-up. I was incorrectly told I didn’t qualify financially due to “missing paystubs” (not true). After I walked staff through what I had submitted, they finally understood and sent the lease days later. Even after signing, I received almost no guidance on next steps, unit assignment and deposit details were found by me logging in and figuring it out on my own.

•Billing questions: When I asked about what appeared to be duplicate or questionable utility charges (water/trash/amenities), the response was vague and unhelpful instead of a proper review and explanation. (Also Ashley)

The only consistently positive part of living here has been Maintenance, they’re responsive, professional, and seem to be the only team regularly doing thorough work.

I wanted to love this community and I’ve stayed a long time, but the leasing office operations need serious improvement. If you move here, document everything and be prepared to follow up multiple times to get basic issues resolved.

Molly ★☆☆☆☆ Nov 2025

If you are considering moving here, please read this before signing—especially if you will be working with Caprice.

I want to share my experience because it reflects a pattern I encountered personally and also one that appears in many other reviews of this property.

During the touring and leasing stage, Caprice was helpful and responsive. However, after move-in, my experience changed significantly. Whenever I needed assistance as a resident, receiving a clear answer or timely follow-up became extremely difficult. Emails often went unanswered, and I regularly had to send multiple messages or make repeated phone calls before getting a response.

The most serious issue happened during my move-out process. The final statement contained several errors, including duplicate utility charges and a charge for a month when the unit was unoccupied. When I contacted the office, she acknowledged that these charges were incorrect. Despite this acknowledgement, no action was taken for a long period of time until I reached out again.

More recently, I reached out once more to follow up. I was told I would receive a response the next day, but no update ever came. Three more days passed with no reply to my email and no return call. This experience repeated the same pattern I encountered throughout my lease: issues were acknowledged but not resolved, promised follow-ups did not happen, and communication simply stopped unless I contacted the office again.

I’m sharing this because accurate billing and consistent communication are essential for residents, and these areas require improvement. I hope management will take a close look at the service standards in the leasing office, as this pattern creates unnecessary stress for residents who are simply trying to resolve routine matters.

Jordan Brewton ★☆☆☆☆ Nov 2025

I applied at Midway Urban Village and loved the property — the townhomes are beautiful, and the area is great. However, my experience with the leasing office, specifically Caprice, was extremely disappointing.

I was the primary applicant and paid the $250 deposit myself. My application was officially denied (I have the letter to prove it), but Caprice repeatedly insisted that my deposit wouldn’t be refunded because she claimed “I canceled” — which was completely false. My co-applicant, Manny, was conditionally approved and later withdrew his portion after Caprice refused to honor the 10 weeks free special that was being advertised. Instead, she told us she’d only offer him 4 weeks free, saying, “That’s it, I don’t care what the special says.”

Throughout the process, Caprice was rude, dismissive, and unhelpful. I noticed after reading other reviews that I’m not the only one who’s had this kind of experience with her — so it seems to be an ongoing problem. Terrie, on the other hand, was polite and kind, but unfortunately didn’t provide much help in resolving the issue.

After I filed a formal dispute through my bank, the property finally refunded the $250 deposit — which proves it should have been refunded from the start.

I really loved the property itself and would’ve been happy to live there, but the leasing staff’s attitude and lack of professionalism ruined the experience. Caprice could truly benefit from some training in customer service and professionalism.

FRENCHPALACEMUSICDJ ★★★★★ Local Guide Nov 2025

Midway Urban Village was truly the best! I moved into a townhouse three years ago and would have gladly continued living there if it wasn’t time for me to purchase a home. Everyone—from Santiago in maintenance to Caprice Johnson in management—was always pleasant and excellent to work with throughout my entire stay, even up to my bittersweet departure.

Caprice went out of her way to conduct a final walkthrough to ensure I wouldn’t encounter any unexpected fees, which was an above-and-beyond service not offered at my previous residences. She was always professional, responsive, and genuinely caring.

I truly want to thank the entire staff for creating such a great community and living experience.

Best Wishes,
Tony French

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