| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 63rd | Good |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 327 S Jupiter Rd, Allen, TX, 75002, US |
| Region / Metro | Allen |
| Year of Construction | 2004 |
| Units | 96 |
| Transaction Date | 2015-04-28 |
| Transaction Price | $22,000,000 |
| Buyer | 325 S JUPITER ROAD LLC |
| Seller | SOF-X MISSION EAGLE POINTE LP |
327 S Jupiter Rd, Allen TX Multifamily Investment
Neighborhood occupancy has been resilient, supporting stable leasing dynamics according to WDSuites CRE market data. The areas family-oriented profile and school strength help sustain renter demand in this inner suburb of Dallas.
Located in Allen within the DallasPlanoIrving metro, the neighborhood carries a B+ rating and sits above the metro median (rank 384 of 1,108). Reported neighborhood occupancy is high at 97.5% (top quartile nationally), which points to tighter supply and potential support for pricing and retention at the submarket level, per WDSuites CRE market data.
Schools rate well on average (4.0 out of 5; top quartile nationally), a common driver of steady family demand in inner-suburban locations. Grocery access is comparatively strong (around the 71st national percentile), while cafes, parks, and pharmacies are more limited locally, indicating convenience for daily needs but fewer lifestyle and recreation options within immediate reach.
Tenure data indicates a renter-occupied share of housing units around the 83rd national percentile for the neighborhood, suggesting a deep renter base that can support multifamily absorption and occupancy stability over time. Within a 3-mile radius, population and households have expanded in recent years, with further renter pool expansion projected by 2028 as households continue to increase; these trends typically underpin leasing velocity and help moderate downtime between turns.
Median neighborhood contract rents track in the upper-third nationally, and the local rent-to-income ratio (around 0.19) signals manageable affordability pressure relative to many high-cost marketscontext that can aid renewal retention and measured rent growth. Home values sit around the 70th national percentile, reflecting a higher-cost ownership market in which renters may remain in multifamily longer, supporting occupancy and lease duration.
The average construction year in the neighborhood is 1997. With a 2004 vintage, the property is newer than much of the surrounding stock, which generally supports competitive positioning versus older assets; investors should still plan for mid-cycle system updates and select common-area refreshes to maintain appeal.
Safety signals are mixed when viewed across scales. Within the DallasPlanoIrving metro, the neighborhood ranks 54th of 1,108 for reported crime, indicating more incidents than many local peers. Nationally, however, the area trends stronger, with overall safety around the 70th percentile, and violent-offense conditions near the top decile (about the 88th percentile) compared with neighborhoods nationwide, according to WDSuites datasets.
Recent trends also diverge by category: estimated violent offenses have declined year over year (a constructive indicator), while property-related incidents have increased, warranting standard asset-level security measures and tenant communication to support retention. Investors should benchmark insurance, lighting, access controls, and parking-area visibility to align with submarket norms.
Proximity to major employers supports commuter convenience and a diversified renter base, with nearby roles spanning data center operations, defense and aerospace, electronics distribution, and consumer goods headquarters.
- AT&T Datacenter data center operations (1.4 miles)
- Raytheon Company defense & aerospace (2.9 miles)
- Avnet Electronics electronics distribution (7.1 miles)
- Dr Pepper Snapple Group beverage manufacturing (8.5 miles) HQ
- General Dynamics defense & aerospace offices (8.8 miles)
327 S Jupiter Rd offers scale at 96 units with a 2004 vintage that is newer than much of the surrounding 1990s-era stock. At the neighborhood level, occupancy is strong and renter concentration is elevated, supporting a durable tenant base. Within a 3-mile radius, recent and projected increases in households point to ongoing renter pool expansion, while a rent-to-income posture near 0.19 suggests manageable affordability pressure that can aid renewal capture and reduce turnover risk, based on CRE market data from WDSuite.
Local ownership costs are relatively high versus national norms, reinforcing reliance on multifamily housing and supporting leasing stability. The propertys positioning near a diverse employment baseincluding data center, defense/aerospace, and corporate HQ nodesadds daily commuter demand that can help sustain occupancy through cycles. Given the 2004 vintage, investors may target selective value-add through interior updates and common-area modernization to enhance competitiveness against newer deliveries.
- High neighborhood occupancy and elevated renter-occupied share support stable leasing and retention
- 2004 vintage offers competitive positioning versus older stock with targeted value-add potential
- Household growth within a 3-mile radius and strong school ratings underpin family-driven demand
- Diverse nearby employers (data center, defense/aerospace, corporate HQ) bolster daily renter demand
- Risks: metro-relative crime pressure and limited nearby parks/cafes; plan for security standards and amenity upgrades