| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 31st | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1367 E Interstate 30, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 81 |
| Transaction Date | 2001-01-25 |
| Transaction Price | $2,920,000 |
| Buyer | 4501 BOBTOWN GARLAND LLC |
| Seller | 4501 BOBTOWN LLC |
1367 E Interstate 30 Garland Multifamily Investment
Inner suburban location with a broad commuter base and steady renter demand, according to WDSuite’s CRE market data, positions this asset to compete on value and convenience even as neighborhood occupancy trends have softened.
Located in Garland’s inner suburb of the Dallas–Plano–Irving metro, the neighborhood posts an overall C rating and ranks 807 among 1,108 metro neighborhoods — a middle-of-the-pack position that suggests balanced, workforce-oriented demand drivers. Neighborhood occupancy is reported at 85.9% and has eased over the last five years, indicating more leasing competition and the need for disciplined pricing and product differentiation.
Retail and daily-needs access is reasonable rather than destination-driven. Grocery density ranks 458 of 1,108, which is above the metro median, while restaurants track similarly. Parks score in the top quartile nationally, offering livability benefits, but specialty convenience (e.g., pharmacies, cafes) is limited locally. For multifamily property research, these patterns point to a renter profile prioritizing commute efficiency and value over lifestyle retail.
Tenure data shows a renter-occupied share around one-third of housing units, which indicates a meaningful but not dominant renter base and supports stable leasing velocity for appropriately positioned product. Within a 3-mile radius, population and household counts have expanded in recent years with additional growth expected, broadening the local tenant pool and supporting occupancy stability over the medium term. Median household incomes in the area track above many national peers, which can help underpin rent collections and renewal rates.
Ownership costs in the neighborhood sit in a mid-range context relative to national benchmarks, and rent-to-income levels indicate manageable affordability pressure for typical renters. This combination generally supports resident retention while allowing measured rent growth where units are updated and operations are proactive. School ratings trend lower versus national norms, which may limit appeal for some households but can keep the submarket aligned with value-seeking renters.
Neighborhood safety indicators are mixed but improving. The area ranks 233 out of 1,108 Dallas–Plano–Irving neighborhoods for overall crime — competitive among metro peers — and sits slightly above the national middle by percentile. Recent data also points to meaningful year-over-year decreases in both violent and property offenses, signaling a positive directional trend.
In practical terms, investors can underwrite to a market that compares reasonably within the metro while monitoring sub-neighborhood variation and continuing the standard best practices for lighting, access control, and community management to support resident retention.
The surrounding employment base blends construction, electronics, and defense/technology, supporting renter demand from a diverse commuter workforce. Notable nearby employers include D.R. Horton, Avnet Electronics, Thermo Fisher Scientific, General Dynamics, and Texas Instruments.
- D.R. Horton, America's Builder — homebuilding (2.0 miles)
- Avnet Electronics — electronics distribution (11.3 miles)
- Thermo Fisher Scientific — life sciences (11.3 miles)
- General Dynamics — defense & aerospace offices (11.8 miles)
- Texas Instruments — semiconductors (12.6 miles) — HQ
This Garland asset benefits from an inner-suburban location with improving access to jobs and a renter base that prioritizes value and commute convenience. Neighborhood occupancy has trended softer, but population and household growth within a 3-mile radius expand the prospective tenant pool, while mid-range ownership costs and manageable rent-to-income levels support resident retention. According to CRE market data from WDSuite, grocery and park access compare favorably to metro and national benchmarks, reinforcing day-to-day livability for workforce renters.
The investment case centers on operational execution: competitive positioning on finishes and amenities to win leases in a market with moderate renter concentration, plus disciplined renewals to balance affordability pressure with revenue goals. Lower-rated schools and limited specialty retail suggest a value-oriented pitch, while positive safety trends and proximity to diversified employers help underpin leasing stability.
- Inner-suburban location with diversified employment access supporting steady renter demand
- Expanding 3-mile population and household base enlarges the tenant pool
- Favorable daily-needs access (grocery/parks) enhances livability and renewals
- Operational upside via targeted upgrades and pricing discipline amid softer neighborhood occupancy
- Risks: lower school ratings and limited specialty retail require value-focused positioning