2924 LUCAS DR, DALLAS, TX, 752191932
$77,900,000
2025 Appraised Value
↑ 6.0% from prior year
The property's operational collapse over the past 60 days—evidenced by a 2.3-point Google rating drop to 2.3 stars driven by systemic maintenance, leasing, and management failures—represents a critical acquisition red flag that outweighs its otherwise solid financial foundation. While THE LUCAS is financially positioned as a stabilized 386-unit asset at $77.9M ($201.8K/unit) with reasonable 4.95% cap rate and moderate 1.38x LTV, the recent deterioration in tenant satisfaction points to broken operational control rather than isolated service gaps, directly threatening the lease renewal assumptions embedded in stabilized returns. The property further suffers from below-market rent positioning (1-beds and 2-beds at 13.1% and 19.1% discounts), unit-mix constraints (31.6% concentration in 1-beds, minimal family units), and deferred facade maintenance that contradicts stronger interior renovations—requiring near-term capital deployment without immediate revenue offset. Demographic support remains present (72.8% renter concentration, $105.1K median income in 3-mile radius), but the submarket faces 12.7% new supply pipeline and deteriorating affordability, while the walkability profile (Walk Score 65) does not justify current rent levels relative to competitive offerings. Recommendation: Pass or defer 12–18 months pending management team stabilization and operational recovery—the financial metrics are defensible, but tenant sentiment trajectories and operational control failures make this a restructuring play, not a core-plus acquisition for a buy-and-hold sponsor.
No notes yet
Where Lifestyle Meets Luxury
Breathe new light into your life by leasing an upscale studio, one, or two bedroom apartment home in our community in Dallas, Texas. Our modern, pet-friendly homes come complete with a collection of trendy community amenities and an inviting neighborhood in Oak Lawn. Thoughtfully designed studio, 1 & 2 bedroom plans with spacious layouts and condo-quality upgrades. Features include private patios/balconies, pool, fitness center, and modern amenities. A community like this can be enjoyed however you want – from the comfort of home or while indulging in one of our inviting community amenities. Relax and unwind at one of the two community swimming pools, complete with serene chaise lounge seating. Gather with friends in the outdoor courtyard featuring comfortable conversational areas, or take in breathtaking views of Dallas from the sky lounge, equipped with gaming, media, and entertainment spaces. Stay active in the state-of-the-art fitness center, which includes a private spin and yoga studio. Living at The Lucas places you in the vibrant Oak Lawn and Uptown neighborhoods of Dallas, offering an unbeatable lifestyle filled with exciting amenities and attractions. Residents can enjoy nearby dining options like Al Biernat's, a renowned steakhouse, and The Rustic, a hotspot for live music and casual eats. For shopping, explore the chic boutiques along McKinney Avenue or visit The Shops of Highland Park. Outdoor enthusiasts will love nearby Turtle Creek Park, a serene oasis perfect for picnics, walking trails, and connecting with nature. Additionally, with downtown Dallas just a short drive away, you'll have easy access to world-class museums, entertainment, and thriving business districts.
Physical Condition & Renovation Status
The Lucas is a well-maintained 2015-built, 386-unit mid-rise asset with comprehensive unit renovations completed circa 2018, evidenced by 53 of 82 photos rated "excellent" condition and 46 showing fresh paint. Kitchen finishes are consistent across the stock: modern slab/shaker cabinetry in dark espresso tones paired with quartz or granite countertops and stainless steel appliances (mid-range tier: Samsung/LG/GE), subway tile backsplashes, and contemporary pendant/recessed lighting—positioning interiors solidly Class B+. The 2016–2020 renovation timeline has been executed uniformly with no evidence of partial or phased upgrades, suggesting strong capital discipline.
Exterior & Amenities Present Risk
Material inconsistency on the facade (brick, wood cladding, stucco, fiber cement) and deferred maintenance in common areas temper the interior quality: exterior stairs show visible staining and weathering, and one photo captures dirt/debris accumulation. Conversely, resort-style pool amenities with LED lighting, modern fitness center, and contemporary landscaping deliver Class B+ appeal. The gap between pristine interior finishes and aging exterior details suggests capital should prioritize facade refresh to justify positioning against newer competing supply.
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No notes yet
The Lucas's walkability profile underperforms its rent level. A Walk Score of 65 places the property in "Somewhat Walkable" territory—adequate for car-dependent Dallas but below what typically justifies $1,636 average rents in competitive multifamily markets. The Transit Score of 55 ("Good Transit") and Bike Score of 64 suggest mixed-mode commuting potential, though Dallas's car-centric infrastructure limits real arbitrage here. Without proximity data to downtown or major employment nodes, the rent justification likely rests on unit quality, amenities, or neighborhood trajectory rather than location density—a riskier thesis if the submarket doesn't support further rent growth.
No notes yet
Pipeline represents manageable competitive pressure, but timing and submarket deterioration warrant close monitoring. The 49-unit pipeline equates to 12.7% of THE LUCAS's 386-unit base—material but not acute, though the one flagged 246-unit project at 2013 Jackson St (currently in inspection phase) could materially shift dynamics if it clears permitting. Most permits remain early-stage (plan review or revisions required), suggesting staggered rather than concurrent deliveries, which limits near-term occupancy risk. However, the submarket's deteriorating vacancy trend signals THE LUCAS already faces headwinds independent of new supply; the pipeline becomes a secondary concern only if rents stabilize before these projects deliver.
| Distance | Address | Description | Status | Filed |
|---|---|---|---|---|
| 0.1 mi | 2811 HONDO AVE | New construction of 12 unit townhome on two lots; 6 units... | Inspection Phase | Jul 16, 2021 |
| 0.1 mi | 2314 ARROYO AVE | he proposed work includes the construction of three-story... | In Review | Sep 16, 2025 |
| 0.1 mi | 2723 HONDO AVE | New construction, multifamily.6 dwelling units. | Inspection Phase | Nov 27, 2024 |
| 0.3 mi | 2514 LUCAS DR | (1131) MULTI-FAMILY DWELLING / 5 UNIT MULTIFAMILY | Inspection Phase | Feb 24, 2025 |
| 0.3 mi | 4330 DICKASON AVE | New construction of multi-family// 4330 Dickason. | Plan Review | Jun 29, 2022 |
| 0.5 mi | 4501 AFTON ST | Residential use | Inspection Phase | Nov 23, 2021 |
| 0.5 mi | 4013 N HALL ST | QTEAM MEETING 7.17.2025 8 unit multifamily new construction | Payment Due | Jun 17, 2025 |
| 0.5 mi | 4011 N HALL ST | QTEAM MEETING 7.22.2025 - 8 unit multifamily new construc... | Payment Due | Jun 17, 2025 |
| 0.5 mi | 4005 N HALL ST | QTEAM MEETING - 7.23.2025 - 8 unit multifamily new constr... | Payment Due | Jun 17, 2025 |
| 0.7 mi | 3900 LEMMON AVE | New construction of MFD project. 406 dwelling units with ... | Revisions Required | Aug 21, 2024 |
| 0.8 mi | 3555 DICKASON AVE | Q-Team Migrated NEW 4 LEVEL ABOVE GRADE GARAGE(1-3.5).LEV... | Payment Due | Mar 24, 2021 |
| 1.0 mi | 2505 TURTLE CREEK BLVD | New construction of 20-story assisted living building wit... | Inspection Phase | Aug 06, 2024 |
| 1.2 mi | 3700 INWOOD RD | QTEAM MEETING Senior Living community with independent li... | Inspection Phase | May 28, 2025 |
| 1.3 mi | 3031 N HARWOOD ST | QTEAM MEETING 9.4.2025 3131 N Harwood For Office and 303... | Revisions Required | Jul 21, 2025 |
| 1.3 mi | 2702 KIMSEY DR | THE ASTRID APARTMENTS PROJECT WILL BE A NEW, THREE-STORY ... | In Review | Aug 29, 2025 |
| 1.3 mi | 2710 KIMSEY DR | New MFD project for a 3 story 5 unit townhome apartment c... | Plan Review | Jan 22, 2025 |
| 1.6 mi | 2702 MCKINNEY AVE | 2700 McKinney - 21 Story Mixed Use Tower Including Retail... | Payment Due | Jun 09, 2022 |
| 1.7 mi | 4555 TRAVIS ST | QTEAM PROJECT The project is a mixed use project of appro... | Revisions Required | Aug 26, 2022 |
| 1.9 mi | 4739 GRETNA ST | 18 Townhouses in 2 phases. 9 units each phase. PHASE 1 BU... | Inspection Phase | Jan 15, 2025 |
| 1.9 mi | 4609 MANETT ST | QTEAM MEETING 8.12.2025 (1:30 PM) new townhomes | Revisions Required | Jun 17, 2025 |
| 2.1 mi | 4777 N CENTRAL EXPY | New podium structured multifamily building with below gra... | Inspection Phase | Jul 02, 2024 |
| 2.2 mi | 1902 N CARROLL AVE | New Construction of 3 story 33 townhouses with garage at ... | Inspection Phase | Jul 01, 2022 |
| 2.3 mi | 2143 SHEA RD | QTEAM MEETING TBD Condo/townhome project with 5 units in ... | Payment Due | Mar 11, 2026 |
| 2.3 mi | 2147 SHEA RD | QTEAM MEETING TBD Condo/townhome project with 5 units in ... | Payment Due | Mar 11, 2026 |
| 2.3 mi | 3608 SAN JACINTO ST | New residential townhomes | Inspection Phase | May 26, 2022 |
| 2.3 mi | 5115 MCKINNEY AVE | New construction of mixed use building.90 multifamily uni... | Plan Review | Jul 16, 2023 |
| 2.3 mi | 2030 SHEA RD | 11 Condos New construction | Permit About to Expire | Aug 21, 2023 |
| 2.3 mi | 1714 RIPLEY ST | New construction of five townhomes. | Inspection Phase | Jun 19, 2024 |
| 2.3 mi | 2243 LOVEDALE AVE | 2243 Lovedale - New construction of a 6 unit townhome | Plan Review | Jul 30, 2025 |
| 2.3 mi | 1717 N PEAK ST | Commercial New construction of a 7-unit multi-family buil... | Payment Due | Feb 27, 2025 |
| 2.3 mi | 4704 MONARCH ST | Multifamily New Construction, 8 townhouses with 2 bedrooms | Inspection Phase | Apr 01, 2025 |
| 2.3 mi | 2033 SHEA RD | New Construction. 5 unit condo building | Inspection Phase | Nov 13, 2024 |
| 2.3 mi | 2204 LOVEDALE AVE | New Construction of 5-unit condo building | Inspection Phase | Feb 18, 2025 |
| 2.4 mi | 4315 SAN JACINTO ST | New construction of 9 units multifamily | Payment Due | Sep 17, 2024 |
| 2.4 mi | 4319 SAN JACINTO ST | New Construction 9 unit multifamily. | Inspection Phase | Sep 17, 2024 |
| 2.4 mi | 2247 MAIL AVE | 2247 Mail Ave - New MFD project for a 3 story 5-unit town... | Inspection Phase | Nov 05, 2024 |
| 2.4 mi | 2155 MAIL AVE | Commercial new construction (5) unit multifamily developm... | Inspection Phase | Feb 11, 2025 |
| 2.5 mi | 1906 MOSER AVE | QTEAM MEETING 3.10.2026 (All Day) new multifamily constru... | Revisions Required | Jan 20, 2026 |
| 2.5 mi | 4315 SCURRY ST | Q Team review for East Village New Construction for 15 -... | Inspection Phase | May 04, 2022 |
| 2.5 mi | 4320 SCURRY ST | Q Team for East Village II New Construction for 3 buildin... | Inspection Phase | May 19, 2022 |
| 2.5 mi | 1722 N FITZHUGH AVE | 5 Townhome Units New Construction (Multifamily) | Plan Review | Dec 10, 2025 |
| 2.5 mi | 4405 SCURRY ST | Q-Team 4405 Scurry for a New, Commercial Multifamily deve... | Revisions Required | Nov 20, 2024 |
| 2.5 mi | 4475 SCURRY ST | New Construction of 18 unit Multifamily. | Inspection Phase | Oct 11, 2024 |
| 2.7 mi | 1255 ANNEX AVE | QTEAM MEETING 1.8.26 (1:30 PM) New Construction - Multifa... | Inspection Phase | Nov 24, 2025 |
| 2.8 mi | 4918 BRYAN ST | New construction MFD, 7 dwelling units, 4918 Bryan | Inspection Phase | Jun 02, 2023 |
| 2.8 mi | 1000 N PEAK ST | QTEAM 1000 N Peak. New Construction of 54-unit, 3-story M... | Revisions Required | May 15, 2025 |
| 2.8 mi | 2013 JACKSON ST | ***Manual Recreation*** 1906051126*** - New Multifamily C... | Inspection Phase | Jul 10, 2025 |
| 2.9 mi | 5731 RICHMOND AVE | QTEAM MEETING 10.21.2025 (AM) New construction of six-uni... | Inspection Phase | Sep 23, 2025 |
| 2.9 mi | 5601 BRYAN PKWY | QTEAM MEETING 9.3.2025 AM To build 5 unit condos - Total ... | Inspection Phase | Jun 30, 2025 |
No notes yet
The Lucas shows moderate leverage with refinancing risk on its largest loan. Total debt of $96.5M against a $70.0M estimated sale price yields a 1.38x LTV, though the $49.0M Arbor note (originated March 2020 on a 10-year term) matures in March 2030—a 5.5-year window to refinance at potentially higher rates than the original execution. Debt per unit stands at $250K, reasonable for a 2015 vintage asset, but the absence of disclosed DSCR and current interest rates limits visibility into true debt service capacity. The ownership pattern—three transactions since 2013, with the current sponsor (EAN/DART) holding since 2020—suggests a hold strategy rather than a flip, though the $9.0M appreciation from 2017 entry ($56.5M) to current appraisal ($77.9M) indicates either strong operational gains or market tailwinds; the $7.0M markdown to estimated sale price hints at realistic market pricing discipline.
No notes yet
The Lucas is priced as stabilized, not value-add, and sits below market on both cap rate and unit price. The 4.95% estimated cap rate underperforms the 5.17% submarket benchmark by 22 basis points, while the $181.3K price per unit trails comparable Class A stock at $193.5K—a 6.3% discount that does not offset the below-market yield. NOI per unit of $8,985 is solid for the Dallas metro, but the 50% opex ratio is lean and leaves limited margin for operational variance; combined with 8.5% vacancy assumptions, any underperformance to rent rolls would pressure returns. The $7.9M appraisal-to-$70M sale price gap (9.1% overvalue) suggests either recent capital investment driving appraised value above market pricing or a conservative buyer's discount—the implied 4.45% cap rate supports the latter, indicating the seller is pricing below stabilized fundamentals to move the asset.
Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.
Based on most recent loan: $49,000,000 (Mar 2020, attom)
Computed from nearby properties within 3 miles of similar vintage
No notes yet
THE LUCAS is a 386-unit, 4-story mid-rise completed in 2015 with wood-frame construction and brick exterior, delivering 320K SF of net leasable area across studio, one, and two-bedroom units in Good quality/Excellent condition. The property commands strong amenity density—pool, fitness center, spin/yoga studio, sky lounge, and bar—positioning it as lifestyle-oriented versus utilitarian, with all units pet-friendly and no utilities included in rent. Located in Oak Lawn with a 65 walk score, the asset reflects Dallas's mixed-income urban positioning rather than suburban multifamily. Parking type is not specified in available data.
No notes yet
The Lucas is underperforming market rent benchmarks across all unit types, with 1-beds and 2-beds trading at 13.1% and 19.1% discounts respectively. Current asking rents of $1.52M (1-bed) and $1.91M (2-bed) lag submarket benchmarks by $230 and $453 per unit, suggesting either below-market positioning or persistent leasing pressure. With 33 active listings against 386 units (8.5% availability), the property is actively turning units but not at market-clearing rates. No concessions are currently offered, indicating the discount is structural to the asking rent rather than promotional—a sign the property may need to adjust pricing or improve operational/amenity positioning to capture the 10.7% submarket rent growth occurring around it.
Estimated from listed vacancies vs total units
Min/avg/max asking rents from property website
| Unit | Beds | Baths | Sqft | Rent | Status | Listed | Days |
|---|---|---|---|---|---|---|---|
| 2BR | 2 | 1,298 | $2,040 | Active | Apr 4 | 1 | |
|
Mar $2,029
→
Mar $2,030
→
Apr $2,040
(↑0.5%)
|
|||||||
| 2BR | 2 | 1,270 | $2,025 | Active | Apr 5 | 1 | |
|
Feb $2,089
→
Mar $1,986
→
Mar $2,014
→
Mar $2,019
→
Mar $2,025
→
Apr $2,025
(↓3.1%)
|
|||||||
| 2BR | 2 | 1,200 | $1,969 | Active | Apr 4 | 1 | |
|
Dec $2,140
→
Feb $2,226
→
Feb $2,226
→
Feb $2,129
→
Mar $2,025
→
Mar $2,004
→
Mar $1,969
→
Apr $1,969
(↓8.0%)
|
|||||||
| 2BR | 2 | 1,119 | $1,949 | Active | Apr 4 | 1 | |
|
Dec $1,870
→
Dec $1,870
→
Jan $2,153
→
Jan $2,161
→
Feb $2,167
→
Feb $2,059
→
Feb $2,059
→
Mar $1,955
→
Mar $1,984
→
Apr $1,949
(↑4.2%)
|
|||||||
| 2BR | 2 | 1,155 | $1,891 | Active | Mar 24 | — | |
|
Mar $1,891
|
|||||||
| 2BR | 2 | 1,155 | $1,885 | Active | Apr 6 | 1 | |
|
Mar $1,846
→
Mar $1,874
→
Apr $1,885
(↑2.1%)
|
|||||||
| 2BR | 2 | 1,119 | $1,872 | Active | Apr 5 | 1 | |
|
Mar $1,837
→
Mar $1,866
→
Apr $1,872
(↑1.9%)
|
|||||||
| 2BR | 2 | 1,119 | $1,841 | Active | Apr 6 | 1 | |
|
Feb $1,909
→
Mar $1,806
→
Mar $1,835
→
Mar $1,841
→
Apr $1,841
(↓3.6%)
|
|||||||
| 2BR | 2 | 1,119 | $1,841 | Active | Apr 4 | 1 | |
|
Feb $1,909
→
Feb $1,909
→
Mar $1,806
→
Apr $1,841
(↓3.6%)
|
|||||||
| 2BR | 2 | 1,119 | $1,811 | Active | Mar 24 | — | |
|
Mar $1,811
|
|||||||
| 1BR | 1 | 911 | $1,602 | Active | Apr 6 | 1 | |
|
Dec $1,743
→
Dec $1,743
→
Jan $1,652
→
Jan $1,652
→
Jan $1,645
→
Jan $1,622
→
Feb $1,521
→
Feb $1,497
→
Feb $1,465
→
Mar $1,567
→
Mar $1,620
→
Apr $1,602
(↓8.1%)
|
|||||||
| 1BR | 1 | 825 | $1,581 | Active | Apr 6 | 1 | |
|
Feb $1,471
→
Mar $1,562
→
Mar $1,538
→
Apr $1,581
(↑7.5%)
|
|||||||
| 1BR | 1 | 825 | $1,577 | Active | Mar 24 | — | |
|
Mar $1,577
|
|||||||
| 1BR | 1 | 674 | $1,564 | Active | Apr 5 | 1 | |
|
Mar $1,493
→
Apr $1,564
(↑4.8%)
|
|||||||
| 1BR | 1 | 674 | $1,559 | Active | Apr 4 | 1 | |
|
Apr $1,559
|
|||||||
| 1BR | 1 | 737 | $1,557 | Active | Apr 6 | 1 | |
|
Jan $1,331
→
Feb $1,403
→
Feb $1,518
→
Feb $1,464
→
Feb $1,464
→
Mar $1,408
→
Mar $1,486
→
Mar $1,557
→
Apr $1,557
(↑17.0%)
|
|||||||
| 1BR | 1 | 737 | $1,557 | Active | Apr 5 | 1 | |
|
Feb $1,464
→
Feb $1,464
→
Mar $1,451
→
Mar $1,463
→
Mar $1,483
→
Apr $1,557
(↑6.4%)
|
|||||||
| 1BR | 1 | 911 | $1,556 | Active | Mar 24 | — | |
|
Mar $1,556
|
|||||||
| 1BR | 1 | 775 | $1,549 | Active | Mar 24 | — | |
|
Mar $1,549
|
|||||||
| 1BR | 1 | 775 | $1,549 | Active | Apr 6 | 1 | |
|
Apr $1,549
|
|||||||
| 1BR | 1 | 722 | $1,519 | Active | Apr 5 | 1 | |
|
Mar $1,416
→
Mar $1,519
→
Apr $1,519
(↑7.3%)
|
|||||||
| 1BR | 1 | 674 | $1,517 | Active | Apr 5 | 1 | |
|
Mar $1,411
→
Mar $1,423
→
Mar $1,423
→
Apr $1,517
→
Apr $1,517
(↑7.5%)
|
|||||||
| 1BR | 1 | 794 | $1,515 | Active | Apr 6 | 1 | |
|
Feb $1,380
→
Mar $1,446
→
Mar $1,496
→
Apr $1,515
(↑9.8%)
|
|||||||
| 1BR | 1 | 775 | $1,504 | Active | Apr 5 | 1 | |
|
Apr $1,504
|
|||||||
| 1BR | 1 | 722 | $1,494 | Active | Mar 24 | — | |
|
Mar $1,494
|
|||||||
| 1BR | 1 | 737 | $1,477 | Active | Apr 6 | 1 | |
|
Mar $1,406
→
Apr $1,477
(↑5.0%)
|
|||||||
| 1BR | 1 | 674 | $1,473 | Active | Apr 1 | 371 | |
|
Apr $1,473
|
|||||||
| 1BR | 1 | 794 | $1,469 | Active | Mar 24 | — | |
|
Mar $1,469
|
|||||||
| 1BR | 1 | 824 | $1,461 | Active | Apr 5 | 1 | |
|
Feb $1,326
→
Feb $1,301
→
Feb $1,256
→
Mar $1,423
→
Mar $1,423
→
Apr $1,461
(↑10.2%)
|
|||||||
| 1BR | 1 | 693 | $1,461 | Active | Apr 5 | 1 | |
|
May $1,530
→
Dec $1,550
→
Jan $1,464
→
Jan $1,269
→
Feb $1,483
→
Feb $1,483
→
Feb $1,385
→
Mar $1,421
→
Apr $1,461
(↓4.5%)
|
|||||||
| 1BR | 1 | 693 | $1,456 | Active | Apr 6 | 1 | |
|
Sep $1,369
→
Jan $1,264
→
Jan $1,336
→
Jan $1,336
→
Feb $1,336
→
Feb $1,480
→
Mar $1,313
→
Mar $1,396
→
Mar $1,456
→
Apr $1,456
(↑6.4%)
|
|||||||
| Studio | 1 | 634 | $1,445 | Active | Apr 6 | 1 | |
|
Feb $1,411
→
Mar $1,410
→
Mar $1,296
→
Apr $1,445
(↑2.4%)
|
|||||||
| 1BR | 1 | 801 | $1,444 | Active | Mar 24 | — | |
|
Mar $1,444
|
|||||||
| Apt 4041 | 2BR | 2 | 1,298 | $2,334 | Inactive | Jul 12 | 13 |
| Apt 2086 | 2BR | 2 | 1,270 | $2,306 | Inactive | Mar 23 | 68 |
| Apt 4019 | 2BR | 2 | 1,155 | $2,261 | Inactive | Apr 7 | 37 |
| Apt 2100 | 2BR | 2 | 1,270 | $2,258 | Inactive | Jul 17 | 38 |
| Apt 1086 | 2BR | 2 | 1,270 | $2,227 | Inactive | Jun 19 | 21 |
| Apt 2068 | 2BR | 2 | 1,119 | $2,218 | Inactive | Jun 1 | 15 |
| Apt 4015 | 2BR | 2 | 1,119 | $2,183 | Inactive | Jul 12 | 17 |
| 2BR | 2 | 1,155 | $2,176 | Inactive | Jun 4 | 1 | |
|
May $2,250
→
May $2,250
→
May $2,176
→
Jun $2,176
(↓3.3%)
|
|||||||
| 2BR | 2 | 1,119 | $2,109 | Inactive | Jan 30 | 1 | |
|
Jan $2,109
|
|||||||
| Apt 1100 | 2BR | 2 | 1,270 | $2,106 | Inactive | Jul 17 | 14 |
| 2BR | 2 | 1,155 | $2,081 | Inactive | Oct 1 | 1 | |
|
Oct $2,081
|
|||||||
| 2BR | 2 | 1,155 | $2,071 | Inactive | Jan 3 | 1 | |
|
Oct $2,091
→
Jan $2,071
(↓1.0%)
|
|||||||
| 2BR | 2 | 1,143 | $2,064 | Inactive | Jan 26 | 1 | |
|
Jan $2,066
→
Jan $2,064
(↓0.1%)
|
|||||||
| Apt 3100 | 2BR | 2 | 1,270 | $2,055 | Inactive | Mar 23 | 110 |
| 2BR | 2 | 1,119 | $2,054 | Inactive | Sep 23 | 1 | |
|
Sep $2,054
|
|||||||
| Apt 3020 | 2BR | 2 | 1,200 | $2,019 | Inactive | May 14 | 18 |
| 2BR | 2 | 1,155 | $2,018 | Inactive | Sep 22 | 1 | |
|
Sep $2,018
|
|||||||
| 2BR | 2 | 1,155 | $2,008 | Inactive | Sep 23 | 1 | |
|
Sep $2,008
|
|||||||
| 2BR | 2 | 1,119 | $2,000 | Inactive | Sep 22 | 1 | |
|
Sep $2,000
|
|||||||
| Apt 2011 | 2BR | 2 | 1,155 | $1,972 | Inactive | Jun 1 | 38 |
| 2BR | 2 | 1,119 | $1,950 | Inactive | Jan 8 | 1 | |
|
Jan $1,950
|
|||||||
| Apt 3113 | 2BR | 2 | 1,119 | $1,913 | Inactive | May 14 | 16 |
| 2BR | 2 | 1,200 | $1,896 | Inactive | Apr 3 | 1 | |
|
Jan $2,115
→
Feb $2,118
→
Feb $2,107
→
Feb $2,010
→
Mar $1,939
→
Mar $1,890
→
Apr $1,896
(↓10.4%)
|
|||||||
| 2BR | 2 | 1,119 | $1,894 | Inactive | Oct 1 | 1 | |
|
Sep $1,998
→
Oct $1,894
(↓5.2%)
|
|||||||
| 2BR | 2 | 1,155 | $1,891 | Inactive | Apr 3 | 1 | |
|
Mar $1,856
→
Mar $1,885
→
Apr $1,891
(↑1.9%)
|
|||||||
| Apt 4016 | 1BR | 1 | 911 | $1,884 | Inactive | Apr 26 | 52 |
| 2BR | 2 | 1,155 | $1,872 | Inactive | Oct 1 | 1 | |
|
Oct $1,872
|
|||||||
| Apt 3112 | 2BR | 2 | 1,119 | $1,859 | Inactive | Apr 8 | 18 |
| Apt 2093 | 2BR | 2 | 1,119 | $1,859 | Inactive | Apr 8 | 17 |
| 2BR | 2 | 1,119 | $1,811 | Inactive | Apr 3 | 1 | |
|
Apr $1,811
|
|||||||
| 2BR | 2 | 1,119 | $1,801 | Inactive | Dec 21 | 1 | |
|
Dec $1,801
|
|||||||
| 2BR | 2 | 1,119 | $1,797 | Inactive | Apr 2 | 1 | |
|
Dec $1,850
→
Jan $1,990
→
Jan $2,006
→
Jan $2,004
→
Feb $2,008
→
Feb $2,011
→
Feb $2,000
→
Feb $1,903
→
Feb $1,903
→
Mar $1,763
→
Mar $1,828
→
Mar $1,829
→
Apr $1,797
(↓2.9%)
|
|||||||
| Apt 4059 | 1BR | 1 | 818 | $1,721 | Inactive | May 14 | 58 |
| 2BR | 2 | 1,119 | $1,715 | Inactive | Dec 21 | 1 | |
|
Dec $1,715
→
Dec $1,715
(↑0.0%)
|
|||||||
| Apt 2079 | 1BR | 1 | 825 | $1,715 | Inactive | Mar 23 | 15 |
| Apt 2077 | 1BR | 1 | 825 | $1,700 | Inactive | Mar 23 | 85 |
| Apt 3077 | 1BR | 1 | 825 | $1,691 | Inactive | Apr 7 | 89 |
| 1BR | 1 | 674 | $1,679 | Inactive | Oct 1 | 1 | |
|
Sep $1,571
→
Oct $1,679
(↑6.9%)
|
|||||||
| Apt 4057 | 1BR | 1 | 737 | $1,675 | Inactive | Mar 23 | 12 |
| Apt 4114 | 1BR | 1 | 911 | $1,665 | Inactive | Jun 17 | 23 |
| Apt 2028 | 1BR | 1 | 674 | $1,662 | Inactive | Apr 28 | 50 |
| Apt 2110 | 1BR | 1 | 825 | $1,637 | Inactive | Mar 23 | 110 |
| Apt 3005 | 1BR | 1 | 801 | $1,637 | Inactive | Jun 1 | 16 |
| Apt 4067 | 1BR | 1 | 674 | $1,636 | Inactive | Apr 26 | 92 |
| 1BR | 1 | 674 | $1,635 | Inactive | Oct 1 | 1 | |
|
Sep $1,564
→
Oct $1,635
(↑4.5%)
|
|||||||
| 1BR | 1 | 674 | $1,635 | Inactive | Oct 1 | 1 | |
|
Sep $1,564
→
Oct $1,635
(↑4.5%)
|
|||||||
| Apt 1049 | 1BR | 1 | 911 | $1,632 | Inactive | Apr 27 | 75 |
| Apt 4090 | 1BR | 1 | 801 | $1,619 | Inactive | Jun 1 | 16 |
| Apt 4031 | 1BR | 1 | 674 | $1,614 | Inactive | Apr 7 | 18 |
| Apt 1107 | 1BR | 1 | 722 | $1,611 | Inactive | Mar 23 | 14 |
| 1BR | 1 | 722 | $1,609 | Inactive | Oct 1 | 1 | |
|
Oct $1,609
|
|||||||
| Apt 2029 | 1BR | 1 | 674 | $1,607 | Inactive | Apr 26 | 74 |
| 1BR | 1 | 911 | $1,595 | Inactive | Apr 3 | 1 | |
|
Jan $1,627
→
Jan $1,627
→
Feb $1,540
→
Feb $1,482
→
Mar $1,572
→
Mar $1,637
→
Apr $1,595
(↓2.0%)
|
|||||||
| 1BR | 1 | 722 | $1,594 | Inactive | Oct 1 | 1 | |
|
Oct $1,594
|
|||||||
| Apt 2064 | 1BR | 1 | 722 | $1,594 | Inactive | Apr 8 | 18 |
| Apt 3037 | 1BR | 1 | 737 | $1,591 | Inactive | Apr 29 | 15 |
| Apt 4076 | BR | 1 | 634 | $1,589 | Inactive | Sep 18 | 1 |
| Apt 3039 | 1BR | 1 | 737 | $1,584 | Inactive | Mar 28 | 29 |
| 1BR | 1 | 911 | $1,579 | Inactive | Feb 19 | 1 | |
|
Jan $1,691
→
Jan $1,691
→
Feb $1,675
→
Feb $1,579
(↓6.6%)
|
|||||||
| 1BR | 1 | 674 | $1,579 | Inactive | Oct 1 | 1 | |
|
Oct $1,579
|
|||||||
| Apt 4040 | 1BR | 1 | 825 | $1,579 | Inactive | Aug 13 | 1 |
| Apt 4033 | 1BR | 1 | 674 | $1,579 | Inactive | Mar 23 | 33 |
| 1BR | 1 | 825 | $1,578 | Inactive | Jan 13 | 1 | |
|
Dec $1,573
→
Dec $1,621
→
Jan $1,578
(↑0.3%)
|
|||||||
| Apt 4004 | 1BR | 1 | 693 | $1,576 | Inactive | Jun 1 | 57 |
| 1BR | 1 | 737 | $1,575 | Inactive | Jun 1 | 1 | |
|
Jun $1,575
|
|||||||
| 1BR | 1 | 722 | $1,571 | Inactive | Oct 1 | 1 | |
|
Oct $1,571
|
|||||||
| 1BR | 1 | 825 | $1,569 | Inactive | Apr 3 | 1 | |
|
Jan $1,640
→
Jan $1,640
→
Feb $1,549
→
Feb $1,509
→
Feb $1,461
→
Feb $1,461
→
Mar $1,579
→
Mar $1,611
→
Mar $1,611
→
Apr $1,569
(↓4.3%)
|
|||||||
| Apt 1032 | 1BR | 1 | 801 | $1,569 | Inactive | Jul 12 | 18 |
| Apt 4072 | 1BR | 1 | 722 | $1,564 | Inactive | Mar 25 | 32 |
| Apt 2053 | 1BR | 1 | 674 | $1,554 | Inactive | Sep 8 | 1 |
| Apt 3056 | 1BR | 1 | 668 | $1,553 | Inactive | Jun 2 | 39 |
| 1BR | 1 | 722 | $1,541 | Inactive | Sep 29 | 1 | |
|
Sep $1,541
|
|||||||
| 1BR | 1 | 693 | $1,530 | Inactive | May 26 | 1 | |
|
May $1,545
→
May $1,530
(↓1.0%)
|
|||||||
| Apt 4042 | 1BR | 1 | 824 | $1,529 | Inactive | Jul 13 | 16 |
| 1BR | 1 | 825 | $1,527 | Inactive | Jan 23 | 1 | |
|
Dec $1,529
→
Jan $1,534
→
Jan $1,527
(↓0.1%)
|
|||||||
| Apt 3057 | 1BR | 1 | 737 | $1,527 | Inactive | Jun 3 | 14 |
| Apt 2049 | 1BR | 1 | 911 | $1,526 | Inactive | Sep 3 | 1 |
| Apt 4091 | 1BR | 1 | 775 | $1,526 | Inactive | Aug 13 | 1 |
| Apt 2081 | 1BR | 1 | 775 | $1,525 | Inactive | Aug 12 | 1 |
| 1BR | 1 | 674 | $1,524 | Inactive | Oct 1 | 1 | |
|
Oct $1,524
|
|||||||
| Apt 1062 | 1BR | 1 | 722 | $1,523 | Inactive | Jun 18 | 23 |
| Apt 2108 | 1BR | 1 | 674 | $1,522 | Inactive | Mar 23 | 86 |
| Apt 4066 | 1BR | 1 | 722 | $1,521 | Inactive | Sep 15 | 1 |
| Apt 4038 | 1BR | 1 | 801 | $1,521 | Inactive | Mar 23 | 52 |
| 1BR | 1 | 722 | $1,510 | Inactive | Sep 30 | 1 | |
|
Sep $1,510
→
Sep $1,510
(↑0.0%)
|
|||||||
| Apt 1056 | 1BR | 1 | 668 | $1,497 | Inactive | Jul 13 | 17 |
| 1BR | 1 | 722 | $1,494 | Inactive | Apr 2 | 1 | |
|
Feb $1,404
→
Mar $1,336
→
Mar $1,403
→
Apr $1,494
(↑6.4%)
|
|||||||
| 1BR | 1 | 701 | $1,489 | Inactive | Mar 31 | 1 | |
|
Feb $1,399
→
Feb $1,399
→
Mar $1,386
→
Mar $1,398
→
Mar $1,418
→
Mar $1,489
(↑6.4%)
|
|||||||
| 1BR | 1 | 801 | $1,488 | Inactive | Jan 8 | 1 | |
|
Jan $1,488
|
|||||||
| Apt 3026 | 1BR | 1 | 674 | $1,488 | Inactive | Aug 12 | 1 |
| Apt 3048 | BR | 1 | 634 | $1,485 | Inactive | Jun 1 | 40 |
| Apt 4063 | 1BR | 1 | 737 | $1,483 | Inactive | Sep 4 | 1 |
| Apt 3108 | 1BR | 1 | 674 | $1,477 | Inactive | Sep 4 | 1 |
| Apt 3029 | 1BR | 1 | 674 | $1,475 | Inactive | Apr 7 | 37 |
| Apt 1015 | 1BR | 1 | 794 | $1,471 | Inactive | Sep 20 | 1 |
| Apt 4027 | 1BR | 1 | 687 | $1,471 | Inactive | Mar 24 | 51 |
| Apt 4102 | 1BR | 1 | 737 | $1,471 | Inactive | Apr 7 | 36 |
| 1BR | 1 | 825 | $1,465 | Inactive | Feb 11 | 1 | |
|
Feb $1,540
→
Feb $1,465
(↓4.9%)
|
|||||||
| 1BR | 1 | 825 | $1,462 | Inactive | Feb 19 | 1 | |
|
Jan $1,576
→
Feb $1,560
→
Feb $1,462
(↓7.2%)
|
|||||||
| 1BR | 1 | 825 | $1,456 | Inactive | Jan 24 | 1 | |
|
Jan $1,456
|
|||||||
| Apt 3038 | 1BR | 1 | 801 | $1,456 | Inactive | Mar 25 | 49 |
| 1BR | 1 | 911 | $1,453 | Inactive | Feb 13 | 1 | |
|
Jan $1,573
→
Jan $1,566
→
Jan $1,566
→
Feb $1,551
→
Feb $1,453
(↓7.6%)
|
|||||||
| 1BR | 1 | 737 | $1,446 | Inactive | Mar 5 | 1 | |
|
Sep $1,504
→
Sep $1,611
→
Jan $1,381
→
Feb $1,453
→
Feb $1,626
→
Mar $1,446
(↓3.9%)
|
|||||||
| 1BR | 1 | 801 | $1,444 | Inactive | Apr 2 | 1 | |
|
Mar $1,471
→
Mar $1,444
→
Apr $1,444
(↓1.8%)
|
|||||||
| 1BR | 1 | 737 | $1,434 | Inactive | Jan 30 | 1 | |
|
Sep $1,580
→
Oct $1,650
→
Jan $1,362
→
Jan $1,434
→
Jan $1,434
(↓9.2%)
|
|||||||
| BR | 1 | 634 | $1,434 | Inactive | Oct 1 | 1 | |
|
Oct $1,434
|
|||||||
| 1BR | 1 | 722 | $1,429 | Inactive | Feb 17 | 1 | |
|
Jan $1,259
→
Feb $1,259
→
Feb $1,372
→
Feb $1,429
(↑13.5%)
|
|||||||
| 1BR | 1 | 882 | $1,429 | Inactive | Feb 5 | 1 | |
|
Jan $1,445
→
Feb $1,429
(↓1.1%)
|
|||||||
| 1BR | 1 | 818 | $1,428 | Inactive | Feb 9 | 1 | |
|
Jan $1,517
→
Feb $1,428
(↓5.9%)
|
|||||||
| 1BR | 1 | 825 | $1,426 | Inactive | Feb 24 | 1 | |
|
Jan $1,612
→
Feb $1,555
→
Feb $1,458
→
Feb $1,426
→
Feb $1,426
(↓11.5%)
|
|||||||
| Apt 2052 | 1BR | 1 | 668 | $1,426 | Inactive | Mar 23 | 86 |
| 1BR | 1 | 801 | $1,424 | Inactive | Mar 2 | 1 | |
|
Dec $1,444
→
Jan $1,439
→
Feb $1,416
→
Feb $1,341
→
Feb $1,271
→
Mar $1,424
(↓1.4%)
|
|||||||
| 1BR | 1 | 674 | $1,420 | Inactive | Apr 3 | 1 | |
|
Feb $1,442
→
Mar $1,329
→
Mar $1,349
→
Mar $1,349
→
Apr $1,420
(↓1.5%)
|
|||||||
| 1BR | 1 | 687 | $1,420 | Inactive | Apr 1 | 1 | |
|
Apr $1,420
|
|||||||
| 1BR | 1 | 825 | $1,419 | Inactive | Feb 9 | 1 | |
|
Jan $1,540
→
Feb $1,519
→
Feb $1,419
(↓7.9%)
|
|||||||
| 1BR | 1 | 825 | $1,418 | Inactive | Feb 17 | 1 | |
|
Jan $1,532
→
Feb $1,516
→
Feb $1,443
→
Feb $1,418
(↓7.4%)
|
|||||||
| 1BR | 1 | 818 | $1,409 | Inactive | Feb 11 | 1 | |
|
Jan $1,499
→
Jan $1,499
→
Feb $1,483
→
Feb $1,409
(↓6.0%)
|
|||||||
| 1BR | 1 | 674 | $1,397 | Inactive | Mar 27 | 1 | |
|
Jan $1,314
→
Feb $1,314
→
Feb $1,375
→
Feb $1,375
→
Mar $1,307
→
Mar $1,362
→
Mar $1,397
(↑6.3%)
|
|||||||
| Apt 1046 | BR | 1 | 634 | $1,397 | Inactive | Jul 12 | 18 |
| 1BR | 1 | 824 | $1,395 | Inactive | Feb 11 | 1 | |
|
Jan $1,493
→
Jan $1,486
→
Feb $1,395
(↓6.6%)
|
|||||||
| 1BR | 1 | 825 | $1,393 | Inactive | Feb 25 | 1 | |
|
Jan $1,542
→
Feb $1,526
→
Feb $1,451
→
Feb $1,393
→
Feb $1,393
(↓9.7%)
|
|||||||
| 1BR | 1 | 825 | $1,393 | Inactive | Feb 18 | 1 | |
|
Jan $1,513
→
Jan $1,506
→
Feb $1,393
(↓7.9%)
|
|||||||
| 1BR | 1 | 722 | $1,392 | Inactive | Mar 19 | 1 | |
|
Jan $1,260
→
Jan $1,332
→
Feb $1,447
→
Feb $1,376
→
Mar $1,352
→
Mar $1,392
(↑10.5%)
|
|||||||
| 1BR | 1 | 668 | $1,391 | Inactive | Jan 14 | 1 | |
|
Sep $1,354
→
Oct $1,429
→
Jan $1,391
(↑2.7%)
|
|||||||
| Apt 1112 | 1BR | 1 | 794 | $1,388 | Inactive | Aug 13 | 1 |
| 1BR | 1 | 674 | $1,387 | Inactive | Mar 19 | 1 | |
|
Feb $1,404
→
Feb $1,362
→
Mar $1,329
→
Mar $1,375
→
Mar $1,387
(↓1.2%)
|
|||||||
| 1BR | 1 | 674 | $1,385 | Inactive | Sep 22 | 1 | |
|
Sep $1,385
|
|||||||
| Apt 1027 | 1BR | 1 | 687 | $1,379 | Inactive | Sep 18 | 1 |
| Apt 2094 | 1BR | 1 | 801 | $1,373 | Inactive | Apr 27 | 35 |
| Apt 1081 | 1BR | 1 | 775 | $1,364 | Inactive | Sep 3 | 1 |
| 1BR | 1 | 674 | $1,363 | Inactive | Mar 28 | 1 | |
|
Feb $1,456
→
Mar $1,363
(↓6.4%)
|
|||||||
| 1BR | 1 | 687 | $1,361 | Inactive | Mar 10 | 1 | |
|
Mar $1,306
→
Mar $1,361
(↑4.2%)
|
|||||||
| 1BR | 1 | 722 | $1,358 | Inactive | Mar 5 | 1 | |
|
Jan $1,281
→
Jan $1,353
→
Feb $1,414
→
Mar $1,358
(↑6.0%)
|
|||||||
| 1BR | 1 | 722 | $1,353 | Inactive | Mar 28 | 1 | |
|
Feb $1,273
→
Feb $1,388
→
Feb $1,334
→
Feb $1,334
→
Mar $1,266
→
Mar $1,266
→
Mar $1,353
→
Mar $1,353
(↑6.3%)
|
|||||||
| 1BR | 1 | 775 | $1,346 | Inactive | Mar 6 | 1 | |
|
Feb $1,353
→
Feb $1,414
→
Mar $1,346
(↓0.5%)
|
|||||||
| Apt 3062 | 1BR | 1 | 722 | $1,333 | Inactive | Sep 2 | 1 |
| 1BR | 1 | 693 | $1,329 | Inactive | Sep 23 | 1 | |
|
Sep $1,329
|
|||||||
| Apt 4055 | 1BR | 1 | 737 | $1,329 | Inactive | May 14 | 18 |
| 1BR | 1 | 674 | $1,324 | Inactive | Mar 3 | 1 | |
|
Sep $1,330
→
Jan $1,250
→
Jan $1,322
→
Jan $1,322
→
Feb $1,366
→
Mar $1,324
(↓0.5%)
|
|||||||
| Apt 3105 | 1BR | 1 | 722 | $1,319 | Inactive | Mar 23 | 70 |
| 1BR | 1 | 801 | $1,310 | Inactive | Feb 9 | 1 | |
|
Dec $1,408
→
Jan $1,408
→
Jan $1,401
→
Feb $1,385
→
Feb $1,310
(↓7.0%)
|
|||||||
| Apt 3009 | 1BR | 1 | 674 | $1,299 | Inactive | Mar 23 | 67 |
| 1BR | 1 | 729 | $1,293 | Inactive | Mar 6 | 1 | |
|
May $1,470
→
Feb $1,361
→
Mar $1,293
(↓12.0%)
|
|||||||
| 1BR | 1 | 674 | $1,291 | Inactive | Jan 23 | 1 | |
|
Oct $1,579
→
Jan $1,291
(↓18.2%)
|
|||||||
| Studio | 1 | 634 | $1,290 | Inactive | Dec 21 | 1 | |
|
Dec $1,290
→
Dec $1,290
(↑0.0%)
|
|||||||
| Apt 4026 | 1BR | 1 | 674 | $1,274 | Inactive | Apr 26 | 36 |
| Apt 2044 | 1BR | 1 | 674 | $1,254 | Inactive | May 15 | 14 |
| Apt 4008 | 1BR | 1 | 693 | $1,251 | Inactive | May 14 | 18 |
| Apt 3008 | 1BR | 1 | 693 | $1,249 | Inactive | Mar 23 | 69 |
| 1BR | 1 | 674 | $1,211 | Inactive | Jan 23 | 1 | |
|
Jan $1,459
→
Jan $1,211
→
Jan $1,211
(↓17.0%)
|
|||||||
| 1BR | 1 | 722 | $1,201 | Inactive | Jan 17 | 1 | |
|
Jan $1,396
→
Jan $1,201
(↓14.0%)
|
|||||||
| 1BR | 1 | 674 | $1,199 | Inactive | Dec 18 | 1 | |
|
Dec $1,199
|
|||||||
| Studio | 1 | 634 | $1,069 | Inactive | Jan 15 | 1 | |
|
Jan $1,069
|
|||||||
No notes yet
The Lucas operates in a dense urban core with significant affordability stress for below-median earners. The 1-mile radius shows a 24.3% affordability ratio—meaning renters spend nearly a quarter of median household income on rent—despite $79.6K median income, signaling the property targets above-median earners in its immediate submarket. The 72.8% renter concentration within 1 mile indicates strong localized multifamily demand, but income distribution reveals bifurcation: 29.2% of households earn under $50K (unlikely to support $1.6K+ rent), while 39.3% earn $100K+. As radius expands to 3 miles, affordability improves to 21.0% and median income rises to $105.1K, suggesting the property captures a more affluent renter pool than the immediate neighborhood—typical for higher-amenity product. The 5-mile ring shows deteriorating affordability (19.7%) but lower renter concentration (64.2%), indicating suburban flight and broader owner-occupied housing, which limits lease-up velocity from that geography.
Source: US Census ACS 5-Year Estimates (2023) · 12 tracts (1mi)
No notes yet
The Lucas is heavily concentrated in one-bedroom units (31.6% of 386 units), with minimal two-bedroom inventory and zero three-bedroom units—a profile suited to young professionals rather than families. Rent progression is modest across unit types ($1,445 studios to $1,912 two-bedrooms), suggesting limited pricing power differentiation despite meaningful size variance (634 to 1,167 sf). The near-absence of family-oriented units (3.6% two-bedrooms, zero three-bedrooms) represents a narrow demand exposure; Dallas multifamily typically carries 25–35% two-bedroom+ to capture household formation and household-size growth. This mix underweights the market norm and creates refinancing/exit risk if young professional demand softens.
Estimated from 160 listed units (41.5% of 386 total)
No notes yet
Pet-friendly
No notes yet
Appraisal Analysis – The Lucas
The property appreciated 6.0% YoY to $77.9M, reflecting steady market strength for this 2015-vintage asset, which trades at $201.8K per unit—reasonable for a newer, stabilized Dallas multifamily. Land represents only 8.5% of total value ($6.6M), typical for a purpose-built apartment complex with limited redevelopment upside; the 91.5% improvement value reflects a modern, fully-leased-in building with minimal obsolescence. Single appraisal snapshot limits trend analysis, but the modest appreciation rate suggests either market normalization after 2022–2023 peaks or steady-state fundamentals in a competitive submarket.
| Year | Total Value | Change |
|---|---|---|
| 2025 | $77,900,000 | +6.0% |
No notes yet
The Lucas shows severe operational deterioration masking an earlier turnaround effort. The property collapsed from 4.6 stars in the prior six months to 2.3 in the last six months—a 2.3-point swing driven by 84 one-star reviews concentrated in the past 60 days. The deterioration centers on three operational failures: maintenance responsiveness (pest control delays spanning weeks), leasing staff inconsistency (dismissive phone/email communication from legacy staff), and unit condition misrepresentation (missing amenities, misleading marketing). While recent hires (Paulina, Ruby, Dennis, Michael) generated strong sentiment mid-2025, the current review trajectory suggests either turnover among these personnel or that early improvements masked systemic management issues. This rating cliff severely undermines acquisition thesis—the property exhibits broken operational control and possible management team instability, not isolated service gaps.
333 reviews total
UPDATED: Since posting my original review, my boyfriend and I have made the difficult decision to break our lease. Unfortunately, we could no longer live on this property due to the continued disregard for resident safety and cleanliness. Aside from the doors being temporarily fixed, none of my previous complaints have been meaningfully addressed. The property remains dirty and continues to deteriorate rather than improve. What ultimately forced our decision was a serious safety issue: a homeless man was sleeping in the stairwell directly next to our front door for weeks. During this time, we repeatedly called security, only to be sent to voicemail, and it appeared that no action was taken. On two separate occasions, we encountered this individual actively using meth in the stairwell while we were trying to take our dogs outside. This individual was able to access the building because the stairwell door has been broken for over six months. Management has made no real effort to repair or replace it, despite the obvious and ongoing safety risk. No tenant should feel unsafe exiting their own home or ignored when reporting serious concerns. Sadly, that has been our experience here. ORIGINAL Review: My boyfriend and I moved into The Lucas a little over a month ago. While we love the layout and size of our apartment, and the interior itself is really nice, our overall experience living here so far has been disappointing due to how poorly the rest of the complex is maintained. One of the biggest issues has been valet trash. It’s supposed to be picked up Sunday through Thursday using a provided bin—but we never received one, and it seems like many residents didn’t either. As a result, trash bags are left scattered across the hallways, sometimes for days. The trash often goes uncollected, which causes the hallways to smell and the floors to become sticky and dirty. Maintenance inside our actual unit has been good and timely, but the rest of the property is falling apart. The elevator near the garage is missing a middle panel, leaving wires exposed and easy to tamper with. Two out of four garage door handles are broken off, which makes entering and exiting risky—someone could easily barge in from the other side. Several exit signs are broken and hanging from the ceiling, and none of these issues have been addressed since we moved in. Another major letdown has been the pool area. The lounge chairs that you’re supposed to be able to lay out on have been completely destroyed. Almost every one of them has huge slashes, as if someone vandalized them, and they haven’t been repaired or replaced. Security is also a concern. A number of doors that are supposed to be locked for resident safety either don’t shut properly or don’t lock at all. I also want to mention that the stairwells are completely unkept. There are cobwebs in every corner of each step and it seems like it hasn’t been cleaned or washed and over a decade. Also, so far this place is not pet friendly. We have been out of dog baggies outside in each station since we have moved in as well. And dog wastes lines the sidewalk and outdoor areas. Animals are peeing and pooping in the hallways and stairwells and it’s starting to smell. While we truly enjoy the inside of our apartment, the condition of the shared spaces and lack of attention from management makes it hard to feel comfortable here. Unless these issues are taken seriously and addressed soon, we wouldn’t recommend The Lucas to others. It seems as if this has been going on for longer than we have lived here. One review is over a year old with similar and ongoing issues.
Owner response · Feb 2026
Thank you for sharing your experience. We're truly sorry to hear about the challenges you faced and the impact they had on your decision to leave. We take these concerns seriously and are committed to addressing the issues you've highlighted. Please contact our office at +1 972-430-4466 to discuss this further. Your feedback is invaluable in helping us improve our community. Sincerely, The Lucas Apartments Management Team
I will start by saying I’m only posting because I just terminated my lease in December and now I feel safe to speak about my experience. I lived here for over 2 years and my experience was AWFUL. For starters when there was an individual from the front office, during business hours, who was outside of my apartment door by the exit who made sexual inappropriate comments and harassed me as I walked away. When I confronted office management about needing his name and information for a police report, they said I could file but refused to give me the individuals information, even though I have emails saying they identified him. And I was ignored after that, when I was in fact making a police report, they did not provide the requested information and never returned any emails. In Oct of this year I reached out again due to my registered vehicle being missing. I asked if anyone else was having break ins or if the gates were not working while I was away since I travel for work. Since they told me no, I asked if they could check footage since the vehicle was parked there and I told them the time frame it had to have happened at. I was told NO. They would only report it and check cameras AFTER they got a police report. She wouldn't even ask her manager to check just to give some insight on what might have happened. It was IN FACT, STOLEN. And they did absolutely nothing to help except make excuses that the gate wasn’t left open when I in fact have a picture of it staying open when they said it wasn’t broken. It was stolen by someone that walked by and it was abandoned in a parking lot later on. These are only the latest two incidents I had here but there are way more. They are a complete joke sending out emails and notifications saying “it’s been a quiet night in your neighborhood” when the purpose of those emails are to keep tenants updated and aware of any crime in the complex to keep them safe. This will be your future at this complex. Photos are broken gate and cops finding the car.
Owner response · Jan 2026
Thank you for sharing your experience. Resident safety is very important to us, and we take all concerns seriously. Our team addressed the situation promptly and confirmed that the individual involved was not affiliated with our staff and had already left the property. Because the individual could not be identified, we recommended contacting local law enforcement for further follow-up. Regarding the vehicle theft, we understand how upsetting this can be. Per company policy, surveillance footage can only be released to law enforcement upon request, and no police report had been submitted at that time. We appreciate you bringing this to our attention and remain committed to the safety and well-being of our community.
I had a great experience living at The Lucas Apartments for the past two years. From day one, the community felt welcoming, well maintained, and comfortable. My time here was smooth, peaceful, and honestly one of the better apartment experiences I have had. Paulina deserves special recognition. She was patient, professional, and genuinely dope to work with. Anytime I had a question or needed help, she took the time to walk me through things without rushing or brushing me off. You can tell she actually cares about residents and takes pride in what she does, which makes a huge difference. Because of my experience and the way Paulina represents the property, I speak very highly of The Lucas and would absolutely recommend it to anyone looking for a place to call home. If you are considering leasing here, you will be in good hands. Nothing but positive memories from my two years here
Extremely unprofessional and misleading. During my in-person tour, both I and the apartment locator explicitly stated that I am an international student, that I am not legally allowed to work in the U.S., and that my mother whose Canadian would be co-signing to meet income requirements. This was made clear before I ever applied or paid a fee. At no point did anyone say Canadian income could not be verified or that this would disqualify my application. Despite knowing this, they still accepted the application fee. Only after taking my money did they suddenly claim they could not process the application due to income verification issues. Nowhere on their website, during the tour, or during the application process does it state that application fees are non-refundable or that foreign/Canadian income is not accepted. Taking application fees while withholding known disqualifying requirements is deceptive and completely unacceptable. This felt like a cash grab, not a mistake. I wasted time, money, and effort on an application they were never going to accept in the first place despite having the necessary information.
Ruby at The Lucas was absolutely wonderful. She welcomed me with a warm smile and great energy from the moment I arrived. She listened attentively, answered all of my questions thoroughly, and made the entire experience very pleasant. The property is beautiful and well maintained, and the staff is truly professional. I highly recommend this community!
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