| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 713 W Center St, Duncanville, TX, 75116, US |
| Region / Metro | Duncanville |
| Year of Construction | 1982 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
713 W Center St, Duncanville — 32-Unit 1982 Multifamily
Neighborhood occupancy sits near the mid-90s with a majority of units renter-occupied, signaling a durable tenant base for stabilized operations, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of the Dallas–Plano–Irving metro, the area posts a C+ neighborhood rating with occupancy at 94.6% and five-year improvement, per WDSuite. Renter-occupied share is 53.0%, indicating a deep tenant pool that supports demand stability for multifamily assets. Median asking rent of $1,296 positions the neighborhood in the 70th percentile nationally, with five-year growth that supports revenue management while keeping rent-to-income around 28%—a level that moderates affordability pressure and can aid retention.
Amenity access is mixed: parks and open space rank in the top quartile among 1,108 Dallas–area neighborhoods, and grocery availability is similarly strong. Dining density is competitive among Dallas–Plano–Irving neighborhoods, while cafes are limited and pharmacy presence is sparse. Average school ratings near 2.0/5 suggest families may weigh trade-offs, but above-median childcare availability (top quartile in the metro) helps serve working households.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue increasing through 2028, expanding the renter pool and supporting occupancy stability. Median household income has risen meaningfully, and forecasts point to further gains, which can underpin rent growth while keeping lease management focused on affordability thresholds to protect renewal rates.
Vintage context matters: the neighborhood’s average construction year is 1980. With a 1982 vintage, the property is slightly newer than the local average, offering relative competitiveness versus older stock; investors should still plan for targeted system updates or light renovations to sustain positioning.
Safety indicators are mixed in a way that calls for ongoing monitoring and proactive property management. Compared with neighborhoods nationwide, estimated violent offense levels sit around the middle of the distribution (roughly the mid-50s percentile), while estimated property offense levels trend materially safer (around the mid-90s percentile). Short-term violent offense change has been volatile year over year, so prudent measures such as lighting, access control, and coordination with local resources can support resident retention and leasing.
Proximity to several major corporate headquarters and offices in Dallas supports commuter demand and leasing durability, particularly for telecom, healthcare services, engineering, building materials, and energy roles.
- AT&T — telecom (11.4 miles) — HQ
- Tenet Healthcare — healthcare services (11.6 miles) — HQ
- Jacobs Engineering Group — engineering (11.7 miles) — HQ
- Builders Firstsource — building materials (11.8 miles) — HQ
- Hollyfrontier — energy (11.9 miles) — HQ
The investment case centers on durable renter demand, solid neighborhood occupancy, and household growth within a 3-mile radius that expands the tenant base. With a 1982 vintage—slightly newer than the neighborhood average—the asset can compete well against older stock while benefiting from targeted modernization to enhance rents and leasing velocity. Rent-to-income near 28% points to manageable affordability pressure that supports retention, and grocery/park access in the top quartile of the metro reinforces livability. According to CRE market data from WDSuite, the area’s median rent level and renter concentration underpin consistent absorption, though investors should plan for disciplined expense control and value-add execution rather than relying solely on market momentum.
Key considerations include uneven amenity distribution (limited cafes/pharmacies), modest school ratings, and mixed safety trends that warrant active on-site measures. These are manageable with disciplined operations, asset-specific improvements, and tenant experience upgrades.
- Renter concentration and steady neighborhood occupancy support leasing stability.
- 1982 vintage offers relative competitiveness with targeted modernization upside.
- 3-mile population and household growth expand the tenant base and pricing headroom.
- Risks: uneven amenities, modest school ratings, and safety volatility require proactive management.