| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 80th | Best |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3301 Northstar Rd, Richardson, TX, 75082, US |
| Region / Metro | Richardson |
| Year of Construction | 2000 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3301 Northstar Rd Richardson TX Multifamily Investment
Neighborhood-level occupancy is exceptionally tight, pointing to durable leasing fundamentals for this Richardson asset, according to CRE market data from WDSuite. With a strong renter base nearby and solid suburban demand drivers, the property’s smaller floorplans can position competitively on price and absorption.
This Inner Suburb location in Richardson ranks 212 out of 1,108 Dallas–Plano–Irving neighborhoods, indicating competitive positioning within the metro. Neighborhood housing metrics are in the top quartile nationally, and demographics score above metro median, supporting steady renter demand at the submarket level. Occupancy is measured for the neighborhood (not the property) and is currently at the top of the metro distribution, underscoring leasing stability signals.
Local amenity density is mixed: groceries are comparatively accessible (nationally above average), while cafes, restaurants, parks, and pharmacies are limited within the immediate neighborhood footprint. For residents, that places a premium on nearby regional retail and commute access rather than walk-to conveniences. Childcare access is strong by national comparison, which can help retention among households seeking practical services.
Tenure data indicate that 58.7% of housing units in the neighborhood are renter-occupied, a high renter concentration (nationally high percentile) that deepens the tenant base for multifamily. Rent-to-income ratios benchmark low for the neighborhood, suggesting modest affordability pressure and potential support for lease retention and disciplined rent management.
Within a 3-mile radius, population and household counts have increased over the past five years, with additional growth projected by 2028. Household sizes are trending smaller, which can favor demand for efficient units and one-bed formats. Median home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), pointing to a high-cost ownership market that tends to reinforce reliance on rental housing and support pricing power for well-positioned properties.
The average neighborhood construction year skews newer than much of the U.S., and this property’s 2000 vintage is older than that local average. From an investor standpoint, that creates potential value-add and capital planning opportunities to modernize finishes and systems to stay competitive against newer comparables while leveraging strong neighborhood occupancy.
Comparable neighborhood safety metrics were not available in this data release. Investors typically benchmark neighborhood crime trends against metro and national baselines to gauge resident retention and leasing risk; consider reviewing time-series patterns and management-reported incident data for a fuller view.
Nearby corporate offices create a diversified employment base that supports commuter demand and leasing stability for workforce and professional tenants. Key employers within a short drive include Avnet Electronics, Raytheon, General Dynamics, Thermo Fisher Scientific, and Texas Instruments.
- Avnet Electronics — electronics distribution (1.4 miles)
- Raytheon — defense & aerospace offices (2.8 miles)
- General Dynamics — defense contractor (3.9 miles)
- Thermo Fisher Scientific — life sciences (4.0 miles)
- Texas Instruments — semiconductors (9.0 miles) — HQ
The property’s 2000 vintage, smaller average unit size, and positioning within a high-occupancy Richardson neighborhood support a durable leasing story. According to CRE market data from WDSuite, the neighborhood sits competitively within the Dallas–Plano–Irving metro and shows very tight occupancy at the neighborhood level, while rent-to-income measures point to lower affordability pressure that can aid retention and disciplined rent growth strategies.
Elevated neighborhood home values relative to incomes indicate a high-cost ownership market, which typically sustains multifamily demand. Within a 3-mile radius, growth in population and households — alongside a trend toward smaller households — suggests a larger tenant base and continued depth for efficient floorplans. The asset is older than the local average stock, creating a clear value-add and capital planning path to sharpen competitive positioning versus newer deliveries.
- Neighborhood-level occupancy is at the top of the metro distribution, supporting leasing stability
- High renter-occupied share locally deepens the tenant base for multifamily absorption
- 3-mile population and household growth expand the renter pool, favoring efficient unit demand
- High-cost ownership market and low rent-to-income ratios support pricing power and retention
- Risks: older 2000 vintage may require modernization; limited walkable amenities could temper lifestyle appeal