| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 85th | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Meredith Ln, Plano, TX, 75093, US |
| Region / Metro | Plano |
| Year of Construction | 1993 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 Meredith Ln Plano Multifamily Investment Opportunity
Positioned in a high-income Plano submarket where elevated home values sustain rental demand, this 74-unit asset benefits from proximity to major employers and diversified renter profiles, according to WDSuite’s CRE market data.
Plano’s suburban node around 1101 Meredith Ln scores A+ and ranks 27th among 1,108 Dallas–Plano–Irving neighborhoods, placing it in the top tier locally. Amenity access is strong by national comparison (cafes, groceries, and restaurants sit in high national percentiles), while park access is limited—an item to weigh for positioning and resident experience.
The 1993 construction vintage is slightly older than the area’s average 1999 stock, creating scope for targeted value-add and systems modernization to improve competitive standing against newer communities. Neighborhood rents and incomes trend toward higher national percentiles, and a rent-to-income profile near midrange supports lease retention and measured pricing power rather than aggressive push strategies.
Within a 3-mile radius, demographics indicate a sizable and diversifying renter base: renter-occupied housing accounts for a majority share of units, reinforcing depth of demand for multifamily. Population and household counts have grown in recent years, with forecasts calling for additional household growth—expanding the potential tenant base and supporting occupancy stability over a longer horizon.
For investors, elevated for-sale home values in this neighborhood—well above national norms—tend to reinforce reliance on multifamily housing, supporting leasing velocity and renewal potential. Average school ratings sit around the national middle; that mix aligns with a broad renter profile ranging from young professionals to downsizers, particularly given the area’s convenience to Collin County employment centers.
Operationally, neighborhood occupancy has been softer than many local peers in recent periods, suggesting the need for disciplined lease management and amenity/programmatic upgrades. However, strong household incomes, competitive amenity density, and a growing nearby renter pool provide solid underlying demand drivers to support stabilization strategies.
Relative to the Dallas–Plano–Irving metro, the neighborhood’s overall safety profile is competitive among 1,108 neighborhoods (in the stronger segment of the distribution), and sits around the national middle when compared to neighborhoods nationwide.
Property and violent offense indicators are below stronger national percentiles, but recent year-over-year trends show meaningful declines in both categories, outpacing typical improvement nationally. For underwriting, this suggests monitoring remains prudent, but directional momentum has been favorable and aligns with broader suburban stabilization patterns.
Nearby corporate offices anchor a diverse employment base that supports commuter convenience and leasing depth, including Costco’s regional office, St. Jude Medical, Hewlett Packard Enterprise, Yum China Holdings, and Dr Pepper Snapple Group.
- Costco Regional Office — corporate offices (0.9 miles)
- St Jude Medical — medical devices offices (3.8 miles)
- Hewlett Packard Enterprise — technology offices (4.0 miles)
- Yum China Holdings — restaurant group corporate (4.1 miles) — HQ
- Dr Pepper Snapple Group — beverages corporate (4.2 miles) — HQ
This Plano asset combines strong location fundamentals with pragmatic value-add potential. Elevated home values and high household incomes in the immediate neighborhood support durable rental demand, while a majority renter-occupied share within 3 miles expands the tenant base and underpins renewal prospects. According to CRE market data from WDSuite, the area’s amenity density rates well nationally, and recent crime trends have improved year over year—factors that can aid leasing stability.
Built in 1993, the property may trail newer deliveries, but targeted interior and systems upgrades can enhance competitiveness against the late‑1990s and 2000s cohort. Neighborhood occupancy has been softer recently, so execution will hinge on disciplined lease management, calibrated pricing, and amenity programming that aligns with nearby Class B/B+ competition and the area’s professional workforce.
- High-cost ownership market supports multifamily demand and renewal potential
- Diverse nearby employers bolster weekday traffic and leasing depth
- 1993 vintage offers clear value-add and systems upgrade pathways
- Amenity density and improving safety trends aid marketing and retention
- Risk: softer neighborhood occupancy requires disciplined pricing and lease management