| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1221 W Miller Rd, Garland, TX, 75041, US |
| Region / Metro | Garland |
| Year of Construction | 1972 |
| Units | 78 |
| Transaction Date | 1994-05-10 |
| Transaction Price | $562,500 |
| Buyer | MILLER GLENN APARTMENTS |
| Seller | MOORE SYLVIA A |
1221 W Miller Rd Garland Multifamily Investment
Inner-suburban Garland shows steady renter demand with neighborhood occupancy trending in the mid-90s, according to WDSuite’s CRE market data. Proximity to major employers across technology, defense, and manufacturing supports a durable tenant base and consistent leasing.
This Inner Suburb pocket of Garland balances everyday convenience with investment fundamentals that matter for multifamily. Local amenity density is a relative strength: cafes, groceries, and restaurants score in the top quartile nationally, signaling daily-needs access that helps with resident retention and leasing velocity. Neighborhood occupancy trends are above the national median, and rents sit around the middle of the metro distribution, indicating stable pricing power without overreliance on premium positioning.
The neighborhood ranks 686 out of 1,108 Dallas–Plano–Irving neighborhoods (C+ rating), competitive among metro peers rather than top-tier. That positioning suggests reliable workforce housing dynamics rather than luxury-driven performance — often a fit for value-focused strategies and prudent asset management.
Vintage is a consideration: the area’s average construction year is 1968, and the subject property was built in 1972. For investors, that typically implies planning for ongoing systems upgrades and targeted renovations, with potential to enhance unit finishes and curb appeal to outperform older comparables while remaining competitively priced.
Tenure patterns indicate depth for multifamily demand. The neighborhood’s share of renter-occupied housing is high relative to the nation (upper-percentile), which generally supports a larger tenant pool and occupancy stability. Within a 3-mile radius, demographics show a broad age mix and a sizable family segment, and forward-looking projections point to growth in households over the next five years — factors that can expand the renter pool. In a high-cost ownership context this would typically reinforce pricing power; here, ownership costs are more accessible than coastal markets, so lease management should balance rent growth with retention. These dynamics align with disciplined commercial real estate analysis focused on demand resilience and operating consistency.
Safety trends are mixed and should be underwritten thoughtfully. The neighborhood’s crime rank sits in the competitive range among 1,108 Dallas–Plano–Irving neighborhoods, indicating neither a top-quartile outcome nor a bottom-tier outlier. Nationally, indicators point to modestly elevated risk versus the U.S. average, but recent year-over-year metrics show meaningful improvement in violent incidents, a constructive directional signal for long-term operations.
For investors, the takeaway is to budget for standard security measures and resident-experience enhancements, monitor trendlines, and compare against nearby submarkets during lease-up and renewal planning rather than relying on block-level assumptions.
Nearby employment anchors span homebuilding corporate functions, life sciences, semiconductors, and defense — a diverse base that supports renter demand through commute convenience and occupational breadth.
- D.R. Horton, America's Builder — homebuilding corporate (5.1 miles)
- Thermo Fisher Scientific — life sciences (5.8 miles)
- Texas Instruments South Campus — semiconductors (6.3 miles)
- General Dynamics — defense & aerospace offices (6.4 miles)
- Texas Instruments — semiconductors (6.6 miles) — HQ
1221 W Miller Rd is a 78-unit, 1972-vintage asset positioned for durable, workforce-oriented demand. Neighborhood occupancy has held in the mid-90s and amenity access ranks strong for daily needs, supporting retention and steady leasing. According to CRE market data from WDSuite, the surrounding area performs above national medians on occupancy while offering top-quartile access to cafes, groceries, and restaurants — strengths that can underpin operating consistency.
The 1972 vintage suggests ongoing capital planning for building systems and targeted interior upgrades to capture renovation upside against older local stock. Within a 3-mile radius, household projections indicate growth over the next five years, expanding the renter pool. Home values are more accessible than high-cost metros, so rent strategy should balance attainable pricing with renovation premiums to sustain occupancy and reduce turnover risk.
- Occupancy stability and strong daily-needs access support leasing consistency
- 1972 vintage offers value-add potential with systems and interior upgrades
- Diverse nearby employers in tech, defense, and life sciences bolster tenant demand
- Household growth within 3 miles points to a larger renter base over time
- Risks: below-median school ratings and nationally higher property-crime readings warrant proactive management