| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 702 Wood Ln, Duncanville, TX, 75116, US |
| Region / Metro | Duncanville |
| Year of Construction | 1982 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
702 Wood Ln Duncanville Multifamily Investment Opportunity
Neighborhood occupancy trends and an elevated renter base point to steady leasing fundamentals, according to WDSuite’s CRE market data. Expect demand supported by proximity to Dallas employment hubs and everyday amenities across this inner suburb.
Located in Duncanville within the Dallas-Plano-Irving metro, the neighborhood shows leasing stability: neighborhood occupancy is above the national median and has improved over the past five years. This is a renter-oriented area with a high share of renter-occupied housing units, competitive among 1,108 metro neighborhoods and in the top decile nationally — signaling a deeper tenant base for multifamily assets rather than property-specific performance.
Daily-needs access is a relative strength. Grocery and park access rank well compared with neighborhoods nationwide (both in the 80s percentiles), and restaurants are also above national median density. By contrast, cafes and pharmacies are comparatively sparse nearby, which may modestly affect walk-to-amenity appeal but not core housing demand.
School quality in the neighborhood trails the national median, which can influence renter profiles and marketing strategy. Still, childcare availability rates strongly versus national benchmarks — supportive for family-oriented renter demand in an inner-suburban context.
Demographics aggregated within a 3-mile radius indicate population and household growth over the last five years, with projections calling for continued population growth and a substantial increase in households. Rising median incomes and contract rents in this radius suggest expanding purchasing power alongside steady renter pool expansion, which can support occupancy stability and measured rent growth for well-positioned assets.
The property’s 1982 vintage is slightly newer than the neighborhood’s average stock from around 1980, offering a competitive position relative to older product. Investors should still plan for targeted modernization and systems updates to meet current renter preferences and sustain leasing velocity.
Safety indicators are mixed and should be evaluated in trend context. Overall crime levels track near the national median, but property-crime measures compare favorably, placing the neighborhood in the top decile nationally. Recent violent-offense trends show year-over-year volatility, which warrants monitoring over multiple periods rather than relying on a single-year change.
For underwriting, investors may consider security, lighting, and resident-engagement measures as standard risk management practices typical for inner-suburban Dallas locations, while tracking neighborhood-level trend data for confirmation of direction.
Proximity to major Dallas employers supports commute convenience and renter retention, with several headquarters within roughly 12 miles: AT&T, Tenet Healthcare, Jacobs, Builders FirstSource, and HollyFrontier.
- AT&T — telecommunications HQ (11.35 miles) — HQ
- Tenet Healthcare — healthcare services HQ (11.52 miles) — HQ
- Jacobs Engineering Group — engineering & consulting HQ (11.69 miles) — HQ
- Builders Firstsource — building materials HQ (11.77 miles) — HQ
- Hollyfrontier — energy & refining HQ (11.86 miles) — HQ
This 32-unit asset at 702 Wood Ln benefits from neighborhood fundamentals that favor renters: a high renter-occupied share, above-median national occupancy, and improving five-year stability. According to CRE market data from WDSuite, daily-needs access (notably groceries and parks) compares well nationally, while the area’s inner-suburban setting provides commute access to multiple Dallas headquarters, supporting tenant depth and retention.
Built in 1982, the property is slightly newer than the neighborhood average, offering competitive positioning versus older stock. Targeted renovations and system updates can capture value-add upside as the 3-mile radius shows population growth, rising household incomes, and further renter pool expansion — all supportive of sustained occupancy and disciplined rent growth. Underwriting should remain mindful of school quality and safety trend volatility typical of mixed-signal inner suburbs.
- Elevated renter concentration and above-median neighborhood occupancy support demand depth and leasing stability.
- Strong proximity to Dallas HQ employers underpins tenant retention and leasing velocity.
- 1982 vintage offers competitive positioning with value-add potential through targeted modernization.
- 3-mile radius shows population and income growth, reinforcing a larger tenant base and pricing power over time.
- Risks: school quality below national median and mixed safety trends warrant prudent asset management and monitoring.