| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 35th | Poor |
| Amenities | 85th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1813 W Walnut St, Garland, TX, 75042, US |
| Region / Metro | Garland |
| Year of Construction | 1984 |
| Units | 84 |
| Transaction Date | 2013-06-20 |
| Transaction Price | $3,925,000 |
| Buyer | Regent s Point Realty, LP |
| Seller | 1801 W. Walnut Beach Boys, LLC |
1813 W Walnut St Garland Multifamily Investment
Leasing is supported by steady neighborhood occupancy and strong daily-needs amenities, according to WDSuite’s CRE market data, positioning the asset for durable renter demand without relying on outsized rent growth.
Located in Garland’s inner suburb of the Dallas–Plano–Irving metro, the neighborhood rates B+ and shows balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy is in the upper range nationally, which can support leasing stability for multifamily assets in this submarket, per commercial real estate analysis from WDSuite. Note these are neighborhood measures, not property-level performance.
Amenity access is a clear strength: grocery availability sits in the top quartile nationally, with restaurants and cafes also in high national percentiles. Parks and pharmacies are similarly strong, offering day-to-day convenience that can aid retention. Average school ratings trend modestly above the national midpoint, which helps broaden the renter profile without defining it.
The neighborhood skews moderately toward owners, with roughly a third of housing units renter-occupied. For investors, that translates to a meaningful but not saturated renter base and potential for steady absorption from households preferring professionally managed rentals. Median home values and the value-to-income ratio are elevated relative to many U.S. neighborhoods, which typically sustains multifamily demand and supports pricing power without over-reliance on concessions.
Within a 3-mile radius, demographics indicate a large resident base with recent stability and projections for further household growth by 2028. Expanding household counts and income gains point to a larger tenant pool over time, which generally supports occupancy stability and renewal capture for well-managed assets.
Safety indicators in this neighborhood sit below the national midpoint overall, based on WDSuite’s CRE market data benchmarking against neighborhoods nationwide. However, year-over-year trends show declines in both violent and property offense rates, which suggests gradual improvement rather than deterioration. These are neighborhood-level estimates intended for comparative context across the Dallas–Plano–Irving metro and the U.S., not property-specific conditions.
- Thermo Fisher Scientific — life sciences (4.2 miles)
- General Dynamics — defense & aerospace offices (4.8 miles)
- Avnet Electronics — electronics distribution (5.3 miles)
- Texas Instruments South Campus — semiconductors (5.6 miles)
- D.R. Horton, America's Builder — homebuilding corporate offices (5.9 miles)
These nearby employers anchor a diverse white-collar and advanced manufacturing job base, supporting renter demand through commute convenience and a stable pipeline of professional tenants. The list reflects the closest concentrations likely to influence leasing and retention at the neighborhood level.
Built in 1984, the asset is newer than much of the 1970s-vintage stock common in parts of the Dallas inner suburbs, offering competitive positioning with potential to benefit from selective value-add upgrades and systems modernization. Neighborhood occupancy trends track in the upper tiers nationally and rent-to-income levels are comparatively manageable, which can support retention and steady renewal capture, according to CRE market data from WDSuite.
Within a 3-mile radius, households are projected to increase through 2028 alongside rising incomes, expanding the local renter pool and supporting long-term leasing fundamentals. Elevated ownership costs relative to incomes in the neighborhood further reinforce reliance on multifamily, while strong daily-needs amenities and schools modestly above the national midpoint help sustain demand across family and workforce cohorts.
- 1984 vintage offers competitive positioning versus older submarket stock with value-add and modernization potential.
- Neighborhood occupancy stands in the upper range nationally, supporting leasing stability for well-managed assets.
- Strong grocery, restaurant, and park access aids retention and broadens appeal to workforce and family renters.
- 3-mile household growth and income gains point to a larger tenant base and durable demand over the next cycle.
- Risk: Safety metrics are below the national midpoint; proactive security and tenant engagement may be needed to sustain performance.