| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 35th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 E Hazelwood St, Princeton, TX, 75407, US |
| Region / Metro | Princeton |
| Year of Construction | 1985 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 E Hazelwood St Princeton, TX Multifamily Investment
Neighborhood occupancy has been resilient, supporting stable cash flow potential for well-positioned assets, according to WDSuite’s CRE market data. With suburban fundamentals and growing household counts nearby, this location offers steady renter demand with measured upside.
Princeton sits within the Dallas–Plano–Irving metro and the neighborhood posts strong occupancy levels that rank in the top quartile nationally, signaling durable leasing conditions for multifamily. While this reflects neighborhood conditions rather than the subject asset, the pattern supports expectations for stability in tenant retention and pricing discipline.
Daily-needs access is serviceable: grocery and restaurant density trends around national medians, pharmacies and parks track above the national midpoint, and cafés are limited. For investors, that mix points to practical livability for working households, albeit without a premium amenity footprint.
The housing stock in the immediate area skews newer than average for the region, with a 2000s-era profile that can make renovated 1980s assets compete on finishes and systems. Home values sit in a higher-cost ownership context relative to incomes (top quintile nationally by value-to-income ratios), which tends to sustain reliance on rental housing and can support lease retention. Rent-to-income levels trend on the lower side nationally, indicating manageable affordability pressure that can reduce turnover risk.
Within a 3-mile radius, demographics point to significant population and household growth over recent years with additional expansion projected through 2028. A larger and higher-earning household base signals a widening renter pool for well-managed properties, even as the broader area remains more owner-occupied. Based on CRE market data from WDSuite, that owner-leaning tenure mix suggests depth is concentrated among renters by necessity and proximity to employment corridors.
Specific crime statistics for this neighborhood are not available in WDSuite for the current period, so investors should benchmark safety using broader city and county trend comparisons and on-the-ground diligence. As always, consider multi-year trajectories and relative standing versus nearby suburban submarkets rather than single-year snapshots.
- Raytheon Company — defense & aerospace (9.5 miles)
- AT&T Datacenter — data center/telecom (12.2 miles)
- Avnet Electronics — electronics distribution (15.9 miles)
- General Dynamics — defense offices (18.3 miles)
- Dr Pepper Snapple Group — beverages corporate (19.2 miles) — HQ
Nearby employers span defense/aerospace, data infrastructure, electronics distribution, diversified defense, and a major consumer goods headquarters, supporting workforce housing demand and commute convenience for renters.
Built in 1985, the property is older than the neighborhood’s predominantly 2000s-era stock, creating a clear value-add or capital-improvement pathway to compete with newer assets. Neighborhood occupancy trends in the top quartile nationally point to steady leasing fundamentals, and a higher-cost ownership landscape reinforces demand for rentals. According to WDSuite’s CRE market data, rent-to-income dynamics are comparatively manageable, supporting tenant retention and operational stability.
Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, broadening the renter base tied to regional employers across Collin County. The area’s owner-leaning tenure mix means demand is concentrated among renters who prioritize commute access and functional finishes, making targeted renovations and disciplined operations the core levers for outperformance.
- Occupancy strength at the neighborhood level supports stable leasing and pricing power.
- 1985 vintage offers value-add upside to compete with 2000s-era stock.
- Higher-cost ownership market sustains renter reliance and depth of tenant base.
- Expanding 3-mile population and households point to a growing renter pool tied to nearby employers.
- Risks: limited café/amenity concentration and an owner-leaning area may temper near-term demand depth; older systems may require additional capex.