4050 MCEWEN RD, FARMERS BRANCH, TX
$71,500,000
2025 Appraised Value
↓ 1.4% from prior year
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.
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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.
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No notes yet
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.
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.
No multifamily construction permits found within 3 miles
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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.
Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.
Computed from nearby properties within 3 miles of similar vintage
No notes yet
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.
No notes yet
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.
Estimated from listed vacancies vs total units
| 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%)
|
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| 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 | |
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Mar $1,200
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Mar $1,200
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Mar $1,305
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Mar $1,305
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Mar $1,305
(↑8.8%)
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| 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 | |
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Feb $1,200
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Mar $1,200
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Mar $1,200
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Mar $1,200
(↑0.0%)
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| Apt 9203 | 1BR | 1 | 620 | $1,183 | Inactive | Nov 16 | 19 |
| 1BR, 1.5BA | 1BR | 1 | 956 | — | Inactive | Mar 25 | — |
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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.
Source: US Census ACS 5-Year Estimates (2023) · 3 tracts (1mi)
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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.
Estimated from 144 listed units (54.8% of 263 total)
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Furry friends are always welcome
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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.
| Year | Total Value | Change |
|---|---|---|
| 2025 | $71,500,000 | -1.4% |
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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.
137 reviews total
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.
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.
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.
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.
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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