| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 32nd | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Walnut St, Carrollton, TX, 75006, US |
| Region / Metro | Carrollton |
| Year of Construction | 1985 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Walnut St, Carrollton TX Multifamily Investment
Neighborhood occupancy trends sit above metro medians, indicating durable renter demand for a 46-unit asset in an inner-suburban Dallas location, according to WDSuite’s CRE market data.
Positioned in Carrollton’s inner suburb, the property benefits from a renter-occupied share that ranks in the top quartile among 1,108 Dallas-Plano-Irving neighborhoods, signaling a deep tenant pool for multifamily. Neighborhood occupancy is above the metro median and in the upper tier nationally, supporting leasing stability. These dynamics, based on WDSuite’s commercial real estate analysis, point to steady demand rather than outsized volatility.
Everyday convenience is a relative strength: restaurant density is competitive among Dallas-Plano-Irving neighborhoods and compares favorably nationwide, while grocery access is above the metro median. Formal parks, pharmacies, cafes, and childcare options are thinner within the neighborhood footprint; investors should expect residents to draw on nearby submarkets for some amenities.
Schools in the area average around the national median but sit slightly above it, which can aid family retention without commanding premium school-driven pricing. Median home values are elevated enough in context to support renter reliance on multifamily housing, helping sustain pricing power and lease retention during typical turns.
Within a 3-mile radius, demographics indicate a modest contraction in population alongside a small increase in households and a forecast for materially more households and smaller household sizes. This combination can enlarge the effective renter base and support occupancy even as headcount trends flatten, with rising incomes providing additional cushion for rent levels.
The asset’s 1985 vintage is newer than the neighborhood’s average stock. That can enhance competitive positioning versus older comparables, though investors should plan for targeted systems modernization or common-area updates to sustain rent attainment.
Safety indicators for the neighborhood compare favorably at the national level, and recent WDSuite estimates show meaningful year-over-year declines in both property and violent offense rates. While safety can vary block to block, the trend and relative standing suggest a supportive backdrop for resident retention and leasing.
Compared with other neighborhoods nationwide, the area sits in a higher safety tier, and its one-year improvements add a positive directional signal. As always, investors should pair these neighborhood-level readings with on-the-ground assessments for a specific asset.
Proximity to major corporate campuses underpins a broad employment base and commute convenience for renters, supporting leasing and retention at workforce to mid-market price points. Key nearby employers include technology, engineering, and energy headquarters noted below.
- IBM Dallas Metroplex — technology services (3.4 miles)
- Fluor — engineering & construction (4.4 miles) — HQ
- Exxon Mobil — energy (5.2 miles) — HQ
- Vistra Energy — retail energy (5.2 miles) — HQ
- Michaels Cos. — retail (5.6 miles) — HQ
This 1985-vintage, 46-unit asset offers exposure to a neighborhood with above-median metro occupancy and a renter concentration in the top quartile locally—signals that typically support leasing stability and a larger tenant base. Within a 3-mile radius, slight population contraction is offset by growth in households and a forecast for smaller household sizes, which can translate into more renters entering the market. According to CRE market data from WDSuite, restaurant density is competitive in the metro and grocery access is above the median, while ownership costs remain high enough in context to reinforce reliance on multifamily housing.
For investors, the relatively newer vintage can be a differentiator versus older comparables, though planning for targeted modernization remains prudent. Directionally improving safety metrics and proximity to major employers further support retention and pricing, with the principal watch items being modest five-year softening in neighborhood occupancy, limited park/cafe coverage within the immediate area, and a potential shift toward higher ownership share over the next few years.
- Above-median neighborhood occupancy and deep renter-occupied share support leasing stability
- 1985 vintage offers competitive positioning versus older stock with room for selective upgrades
- Household growth and smaller household sizes within 3 miles expand the effective renter base
- Strong nearby employer base underpins demand and retention
- Risks: limited nearby parks/cafes, slight occupancy softening, and potential tilt toward ownership