| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 45th | Fair |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1506 School Rd, Carrollton, TX, 75006, US |
| Region / Metro | Carrollton |
| Year of Construction | 1984 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1506 School Rd, Carrollton TX Multifamily Investment
Neighborhood occupancy is strong and renter demand is diversified, according to WDSuite s CRE market data for the immediate area, positioning this asset for steady leasing performance. Focus centers on stable submarket fundamentals with proximity to major employment nodes.
The property sits in an Inner Suburb of the Dallas Plano Irving metro that WDSuite ranks in the top quartile among 1,108 metro neighborhoods (A- rating). Local livability is supported by dense retail and daily needs: grocery and restaurant access score in the top quartile nationally, and overall amenities are competitive with strong suburban peers. These location fundamentals translate into reliable day-to-day convenience for residents, which can aid retention.
Neighborhood occupancy is high relative to national norms (top quartile nationally), and the share of housing units that are renter-occupied is also elevated compared with many suburbs. Together, these indicators point to a deep tenant base and support for stabilized operations. Median contract rents in the neighborhood are above the national midpoint, while a rent-to-income profile that skews toward lower affordability pressure suggests room for disciplined rent management rather than outsized concessions.
Home values in the neighborhood sit near the national middle, a context that can create some competition from ownership options. For investors, that implies the need for product differentiation and service quality to sustain pricing power and lease retention. Average school ratings in the neighborhood are low, which may limit appeal for some family renters; however, the broader amenity set and commute access help offset this for working households.
Within a 3-mile radius, WDSuite s demographic data indicate modest population contraction alongside growth in total households and rising incomes. This pattern points to smaller average household sizes and a larger, higher-earning renter pool over time, supporting occupancy stability even as renter preferences evolve. The asset s 1984 vintage is newer than the neighborhood s older housing stock (average construction year 1968), offering relative competitiveness while leaving room for targeted value-add and systems modernization to meet contemporary renter expectations.
Safety indicators for the neighborhood are mixed. The area tracks around the metro median among 1,108 Dallas Plano Irving neighborhoods, and sits below the national average for safety overall (national percentile in the lower half). For investors, this suggests underwriting should incorporate prudent security measures and tenant screening practices typical for urban-suburban submarkets.
Recent year-over-year trends show an uptick in both property and violent offenses at the neighborhood level. While property offense levels are roughly around the national middle and violent offense measures sit slightly below the national middle, monitoring quarterly trends and coordinating with local management on visibility, lighting, and access controls can help support leasing and retention.
Nearby corporate offices provide a broad white-collar employment base that supports weekday traffic and multifamily renter demand, led by technology, engineering, energy, power, and retail headquarters within a short drive.
- IBM Dallas Metroplex technology (3.1 miles)
- Fluor engineering & construction (4.3 miles) HQ
- Exxon Mobil energy (4.9 miles) HQ
- Vistra Energy power (5.1 miles) HQ
- Michaels Cos. retail arts & crafts (5.7 miles) HQ
This 88-unit asset at 1506 School Rd benefits from a suburban location that performs well within the Dallas Plano Irving metro. Neighborhood fundamentals including top-quartile occupancy and an above-average share of renter-occupied housing units point to a broad tenant base and support for leasing stability. According to CRE market data from WDSuite, local amenities and daily-needs access are strong, helping sustain demand even as households become smaller and incomes rise within a 3-mile radius.
Built in 1984, the property is newer than much of the surrounding housing stock, which can translate into relative competitiveness versus older assets while still leaving room for targeted value-add and capital planning for aging systems. Balanced home values in the neighborhood imply some competition from ownership; thoughtful renovations, service levels, and unit finishes can help preserve pricing power. Investors should also weigh mixed safety signals and weaker school ratings when calibrating marketing and retention strategies.
- High neighborhood occupancy and sizable renter-occupied share support steady leasing
- Strong amenity access and major employers nearby bolster demand and retention
- 1984 vintage offers competitive positioning with clear value-add and modernization upside
- Household growth and rising incomes within 3 miles expand the higher-earning renter pool
- Risks: mixed safety metrics, low neighborhood school ratings, and potential competition from ownership options