| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 53rd | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 269 E Interstate 30, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | 2006-12-01 |
| Transaction Price | $19,450,000 |
| Buyer | WESTDALE LAKEWAY MEADOWS LLC |
| Seller | SIMPSON FINANCING LP |
269 E Interstate 30 Garland Multifamily Investment Snapshot
Renter concentration in the surrounding neighborhood and strong everyday amenities support steady leasing potential, according to WDSuite’s CRE market data. Positioned in the Dallas–Plano–Irving metro, the asset benefits from commuter access while remaining sensitive to local demand drivers.
This Inner Suburb neighborhood rates A- and ranks 247 out of 1,108 Dallas–Plano–Irving neighborhoods, placing it in the top quartile locally for overall fundamentals. Based on WDSuite’s multifamily property research, the area delivers everyday convenience with pharmacies (94th percentile nationally), grocery access (89th percentile), and a solid mix of restaurants and cafes. Park access is limited, which may modestly temper outdoor amenity appeal.
The 1983 vintage is slightly older than the neighborhood’s average 1988 construction year. Investors should underwrite for targeted capital improvements and potential value-add renovations to enhance competitive positioning versus newer stock, particularly in common areas, exteriors, and building systems.
Neighborhood occupancy sits near the low-90s and has eased over the past five years, suggesting stable but competitive leasing conditions relative to the broader metro. A high share of housing units are renter-occupied (about seven in ten at the neighborhood level), indicating depth in the tenant base that can support absorption and retention across economic cycles.
Home values in the neighborhood sit below many coastal markets, and rent-to-income metrics point to moderate affordability pressure. For investors, this combination can support lease retention while requiring disciplined revenue management to balance pricing power with occupancy. Average school ratings are below national norms, which may influence family renter demand, and should be considered in unit mix and amenity programming.
Safety indicators compare less favorably to national norms, with WDSuite data placing the neighborhood below the national median for safety. Within the Dallas–Plano–Irving metro, conditions are mixed, so investors should treat safety as a leasing and operations consideration rather than a differentiator.
Recent trends are nuanced: property offenses have moved lower year over year, while violent offense estimates have risen over the same period. This divergence underscores the importance of practical measures such as lighting, access control, and resident engagement, and of reflecting risk in insurance and security budgeting.
Nearby corporate employment spans homebuilding, semiconductors, defense, food manufacturing, and life sciences — a diversified base that can support renter demand and commute convenience for residents.
- D.R. Horton, America's Builder — homebuilding (3.0 miles)
- Thermo Fisher Scientific — life sciences (10.8 miles)
- Texas Instruments — semiconductors (11.4 miles) — HQ
- Raytheon — defense & aerospace (12.4 miles)
- Dean Foods — food & beverage (12.9 miles) — HQ
This 32-unit, 1983-vintage property is positioned for durable, needs-based demand in an Inner Suburb location where renter-occupied housing is prevalent and daily conveniences are strong. According to CRE market data from WDSuite, neighborhood occupancy remains around the low-90s with some softening in recent years, pointing to steady but competitive leasing that rewards proven operations and resident retention programs.
The asset’s slightly older vintage relative to the neighborhood average creates clear value-add angles through targeted renovations and system upgrades. Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, which supports a larger tenant base over the medium term; however, a tilt toward smaller household sizes and limited park access suggest that interior upgrades, on-site functionality, and security measures may be more compelling than expansive outdoor amenities.
- Renter-heavy neighborhood and daily amenities underpin broad tenant demand and retention
- 1983 vintage offers practical value-add potential via unit, exterior, and system updates
- 3-mile radius shows past and projected growth, supporting occupancy stability and leasing momentum
- Amenity strength (grocery, pharmacy, dining) supports day-to-day livability and retention
- Risks: below-average safety by national comparison, limited parks, and modest occupancy softening require operational focus