| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 54th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 123 Wilson Creek Blvd, McKinney, TX, 75069, US |
| Region / Metro | McKinney |
| Year of Construction | 1984 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
123 Wilson Creek Blvd McKinney Multifamily Investment
Neighborhood fundamentals point to steady renter demand and competitive positioning, according to CRE market data from WDSuite. Metrics cited here reflect the surrounding neighborhood rather than the property itself.
Situated in McKinney’s Inner Suburb, the property benefits from a neighborhood rated B+ and competitive among Dallas-Plano-Irving neighborhoods. Amenity access is solid, with grocery and dining options in the top quartile nationally, supporting day-to-day convenience that helps leasing and retention.
The submarket’s housing stock skews older than the asset’s 1984 vintage (neighborhood average construction year 1963). Being newer than much of the local inventory can enhance relative competitiveness, though investors should still plan for ongoing system updates and modernization typical for 1980s construction.
Renter-occupied housing is a large share of units in the neighborhood, indicating depth in the tenant base and supporting demand for multifamily. Neighborhood occupancy trends have been stable near the national mid-range, which aligns with durable—though not overheated—leasing conditions.
Within a 3-mile radius, demographics show population growth and a meaningful increase in households, with projections indicating further renter pool expansion alongside smaller average household sizes. Elevated ownership costs for the area relative to incomes sustain reliance on rental housing, which can support pricing power while requiring disciplined lease management.
School ratings sit near the national mid-range, which is consistent with workforce-oriented renter profiles and helps broaden the demand base without relying solely on top-tier school-driven leasing.
Safety indicators for the neighborhood trend below the national median, and the area ranks below the metro median among 1,108 Dallas-Plano-Irving neighborhoods. This suggests investors should underwrite with conservative assumptions for security and operational practices.
Recent trends provide a modest offset: violent offense rates have shown slight year-over-year improvement, while property-related incidents remain a key focus area. A measured security plan and resident engagement can help support retention and operating stability.
Proximity to defense, telecom/data infrastructure, consumer products, medical devices, and enterprise IT employers supports a diverse renter base and commute convenience for workforce housing.
- Raytheon Company — defense & aerospace offices (1.5 miles)
- AT&T Datacenter — telecom & data infrastructure (7.6 miles)
- Dr Pepper Snapple Group — beverages/CPG (12.9 miles) — HQ
- St Jude Medical — medical devices (13.1 miles)
- Hewlett Packard Enterprise — enterprise IT (13.5 miles)
This 96-unit asset built in 1984 is positioned against an older neighborhood baseline, offering relative competitive appeal versus pre-1970s stock while still presenting typical 1980s capital planning needs. Demand is underpinned by a high renter concentration in the neighborhood and a growing household base within 3 miles, supporting occupancy stability and long-term leasing fundamentals. Based on CRE market data from WDSuite, area occupancy sits around the national mid-range, indicating steady—if measured—absorption dynamics.
Elevated ownership costs and solid amenity access (notably grocery and dining) reinforce reliance on multifamily rentals, while income trends and projected household growth point to a larger tenant base over time. Investors should weigh these strengths against safety indicators that trail national norms and plan for targeted upgrades to sustain competitive positioning and rent growth.
- Newer-than-neighborhood vintage (1984) offers competitive positioning versus older local stock, with room for system modernization.
- High neighborhood renter-occupied share supports depth of tenant demand and leasing durability.
- Amenity-rich area and elevated ownership costs sustain renter reliance and potential pricing power.
- Household growth within 3 miles expands the renter pool, supporting occupancy stability over time.
- Risk: Safety metrics are below national norms; plan for security measures and conservative underwriting.