| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 62nd | Good |
| Amenities | 14th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1842 Silverwood Ln, Plano, TX, 75075, US |
| Region / Metro | Plano |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1842 Silverwood Ln, Plano TX Multifamily Opportunity
Renter demand appears durable given the neighborhood s high renter concentration and steady occupancy, according to WDSuite s CRE market data. Investors can underwrite to stable operations while evaluating targeted upgrades to enhance competitiveness.
Located in an Inner Suburb pocket of Plano (Collin County), the neighborhood carries a C+ rating and ranks 673 out of 1,108 Dallas Plano Irving neighborhoods, placing it below the metro median. Amenity density inside the neighborhood cluster is thin (restaurants are a relative bright spot), so residents typically rely on nearby corridors for daily needs; for investors, this favors properties with on-site conveniences or partnerships that enhance livability.
Neighborhood housing dynamics are supportive of multifamily: the share of housing units that are renter-occupied sits at roughly 60.6%, indicating a deep tenant base and consistent demand for professionally managed apartments. Reported neighborhood occupancy is about 92% with a modest five-year softening, suggesting generally stable operations but a need for attentive leasing and renewal management to protect occupancy.
Within a 3-mile radius, demographics indicate a larger, higher-income renter pool with recent growth in both population and households and further expansion projected by 2028. Median household incomes in the 3-mile area are strong while neighborhood rent-to-income around 0.18 signals manageable affordability pressure, which can support retention and measured rent trade-outs. Elevated home values relative to incomes in the neighborhood context reinforce renter reliance on multifamily housing, a tailwind for lease stability.
The property s 1986 vintage is slightly newer than the neighborhood s average construction year (1980). That positioning can aid competitiveness versus older stock, while prudent capital planning for systems refresh and selective interior updates can capture value-add upside as supported by WDSuite s multifamily property research.
Safety indicators are mixed. The neighborhood s crime rank is 247 out of 1,108 Dallas Plano Irving neighborhoods, indicating higher reported crime relative to the metro average. Nationally, the area trends around midpack to slightly better, and recent year-over-year declines in both property and violent offense estimates point to improving conditions. Investors should weigh these trends alongside property-level security measures and tenant mix when assessing leasing and retention risk.
The area benefits from a diversified employment base in medical devices, retail operations, beverages, defense & aerospace, and technology, supporting workforce housing demand and commute convenience for renters.
- St Jude Medical medical devices (3.6 miles)
- Costco Regional Office retail operations (4.1 miles)
- Dr Pepper Snapple Group beverages (4.3 miles) HQ
- Raytheon defense & aerospace offices (4.4 miles)
- Hewlett Packard Enterprise technology (4.6 miles)
This 28 unit, 1986 built asset sits in a renter heavy Plano neighborhood where occupancy has held near the low 90s. The vintage is modestly newer than the local average, offering a competitive edge versus older stock while leaving room for value add through systems updates and selective interior modernization. Within a 3 mile radius, solid incomes and ongoing household growth point to a larger tenant base and support for steady absorption and retention.
According to CRE market data from WDSuite, neighborhood rent to income levels suggest manageable affordability pressure, reinforcing renewal prospects while allowing for disciplined rent optimization. Key underwriting considerations include thinner in neighborhood amenities, school quality that trails national norms, and safety metrics that trend weaker than the metro average but have improved year over year.
- Renter occupied concentration supports a deep tenant base and stable leasing
- 1986 vintage slightly newer than local average, with clear value add potential via targeted upgrades
- 3 mile demographics show income strength and projected growth, supporting demand durability
- Risks: thinner neighborhood amenities, below average school ratings, and metro relative safety that warrants active management