| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 54th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 514 S Tennessee St, McKinney, TX, 75069, US |
| Region / Metro | McKinney |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 2001-03-30 |
| Transaction Price | $781,300 |
| Buyer | STURKIE PAUL |
| Seller | KAUTI ALVAR |
514 S Tennessee St, McKinney TX Multifamily
Neighborhood renter demand is supported by a majority of renter-occupied housing and steady occupancy at the neighborhood level, according to WDSuite’s CRE market data. Elevated ownership costs in Collin County help sustain the renter pool, while local amenities bolster day-to-day livability.
This Inner Suburb neighborhood in the Dallas–Plano–Irving metro carries a B+ rating and sits above the metro median overall (ranked 347 among 1,108 metro neighborhoods). Daily needs are well served: grocery and restaurant density ranks competitive among Dallas–Plano–Irving neighborhoods and falls in the top quartile nationally, which supports resident convenience and lease retention.
At the neighborhood level, occupancy is near the national middle with a slight multi-year improvement, suggesting stable leasing dynamics rather than volatility (these occupancy figures are measured for the neighborhood, not the property). The share of housing units that are renter-occupied is high, indicating a deep tenant base for multifamily assets and potential resilience across cycles.
Within a 3-mile radius, demographics show recent population and household growth with further expansion projected by 2028, implying a larger tenant base over time. Income growth in the area has outpaced earlier periods, while neighborhood rent-to-income ratios remain relatively modest, which can support retention and reduce turnover risk for landlords.
School ratings trend around the national mid-range, while parks and cafes are comparatively abundant. Childcare and pharmacies are less dense in the immediate neighborhood, which may matter for certain renter segments but does not detract from the broader amenity access that supports day-to-day living and leasing stability.
Safety outcomes are mixed relative to peers. The neighborhood ranks below the metro median for crime (739 out of 1,108 Dallas–Plano–Irving neighborhoods), and national comparisons place it below the national average for safety. Recent data shows a modest year-over-year improvement in violent incident rates, but levels remain weaker than many suburban peers. Investors should underwrite to current conditions and monitor trend direction rather than assuming rapid change.
Proximity to established employers supports workforce housing demand and commute convenience for residents, with a mix of defense, telecom, consumer goods, and financial services offices nearby.
- Raytheon Company — defense & aerospace offices (2.5 miles)
- AT&T Datacenter — telecom infrastructure (7.8 miles)
- Dr Pepper Snapple Group — consumer beverages (13.6 miles) — HQ
- St Jude Medical — medical technology (13.6 miles)
- Alliance Data Systems — marketing & payments (14.3 miles) — HQ
Built in 1985, this 24-unit asset is newer than the neighborhood’s average vintage, offering a competitive position versus older stock while leaving room for targeted modernization to elevate rents and reduce long-term capital disruption. At the neighborhood level, occupancy has been steady and renter concentration is high, pointing to depth of demand. Elevated ownership costs locally reinforce reliance on multifamily, while rent-to-income levels near the national middle help support retention. According to commercial real estate analysis from WDSuite, amenity access compares favorably in both metro and national contexts, which can aid leasing velocity.
Within a 3-mile radius, population and household counts have grown and are projected to expand further by 2028, suggesting continued renter pool expansion that can support occupancy stability. Underwriting should account for mixed school quality, below-metro safety metrics, and selective capital needs typical of 1980s construction, but the location fundamentals and employer base provide durable demand drivers.
- 1985 vintage offers competitive positioning vs. older neighborhood stock with clear modernization upside
- Stable neighborhood occupancy and a high share of renter-occupied units support demand depth
- Elevated ownership costs sustain reliance on rentals, aiding pricing power and lease retention
- Amenity-rich setting and nearby employers bolster leasing fundamentals and day-to-day livability
- Risks: below-metro safety metrics, mixed school quality, and typical 1980s capex/modernization needs