| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 59th | Good |
| Amenities | 52nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 217 Yorkshire Dr, Princeton, TX, 75407, US |
| Region / Metro | Princeton |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | 1995-06-12 |
| Transaction Price | $50,000 |
| Buyer | CROSSWHITE FRED |
| Seller | WESTFALL ALLAN |
217 Yorkshire Dr, Princeton TX Value-Add Multifamily
Neighborhood occupancy is strong and stability-oriented, according to WDSuite’s CRE market data, positioning compact units to capture steady renter demand in Princeton’s growth corridor. The focus for investors is consistent leasing fundamentals at the neighborhood level with room for operational and physical upgrades at the asset.
The property sits in a suburban Collin County neighborhood that rates A- and ranks 287 out of 1,108 Dallas–Plano–Irving neighborhoods, indicating competitive positioning within the metro. Neighborhood occupancy is 98.5% (neighborhood-level, not the property) and ranks 204 of 1,108 — a top-quartile standing that supports leasing durability and pricing discipline through cycles.
Within a 3-mile radius, population and household counts have grown materially over the past five years, with further expansion projected, pointing to a larger tenant base and potential renter pool expansion. Forecasts also show smaller average household sizes, which can favor efficient floor plans and studio-oriented product types similar to this asset’s compact average unit size.
Local livability measures are balanced for a workforce renter profile: school quality is above average (top quartile nationally) and everyday needs are reasonably served with grocery and pharmacy access around the national mid-to-upper range. Cafe and restaurant density trends near or above national midpoints, while childcare options are comparatively thinner — an operational consideration for family-oriented marketing but less critical for smaller unit formats.
Ownership costs are meaningful for the area, and median home values sit above many national markets. Combined with a neighborhood rent-to-income ratio near 0.22, investors can manage affordability pressure thoughtfully, aiming to sustain retention while maintaining revenue growth. Overall, the submarket’s demographic trajectory and high neighborhood occupancy create favorable conditions for multifamily assets that compete on value and convenience.
Neighborhood safety indicators sit below the national median, with the area’s composite crime position around the middle of Dallas–Plano–Irving’s 1,108 neighborhoods. For underwriting, this suggests standard security and lighting measures, resident screening, and community engagement programs are prudent baseline practices.
Investors should monitor trend direction alongside broader metro movements rather than relying on a single-year read. A comparative lens — neighborhood versus metro and national baselines — helps calibrate retention expectations and operating expenses without overstating block-level risk.
Proximity to regional employers supports commuter convenience and helps stabilize renter demand, particularly for workforce households tied to defense, telecom infrastructure, distribution, and consumer goods. The following nearby employers represent key demand drivers by distance.
- Raytheon Company — defense & aerospace offices (8.98 miles)
- AT&T Datacenter — data center operations (11.98 miles)
- Avnet Electronics — electronics distribution (15.89 miles)
- General Dynamics — defense & aerospace offices (18.27 miles)
- Dr Pepper Snapple Group — beverages (18.91 miles) — HQ
Built in 1985, the asset is older than the neighborhood’s average vintage, creating a clear value-add path through interior upgrades, systems modernization, and exterior refreshes to sharpen competitive positioning. According to CRE market data from WDSuite, the neighborhood posts top-quartile occupancy among 1,108 metro neighborhoods, and 3-mile demographics point to ongoing population and household growth that can support occupancy stability and leasing velocity for compact unit formats.
Renter concentration in the immediate neighborhood is modest, but population gains and an attainable rent-to-income profile support a dependable tenant base. Homeownership costs in the area remain elevated relative to many national markets, which tends to reinforce reliance on multifamily housing and supports retention when paired with disciplined rent management and service quality.
- High neighborhood occupancy (top quartile in the metro) supports stable leasing
- 1985 vintage enables value-add through interior refresh and systems updates
- 3-mile population and household growth expand the tenant base for compact units
- Ownership costs bolster multifamily demand, aiding retention and pricing power
- Risks: below-national-median safety metrics and modest renter concentration require prudent operations