| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 16th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2750 Broadway Blvd, Garland, TX, 75041, US |
| Region / Metro | Garland |
| Year of Construction | 2005 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2750 Broadway Blvd Garland TX Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is durable in this inner-suburban Dallas location, according to WDSuite’s CRE market data. For investors, the combination of high neighborhood occupancy and a meaningful renter-occupied share supports stable leasing fundamentals.
Situated in Garland within the Dallas-Plano-Irving metro, the property benefits from neighborhood occupancy near 97% (top quartile nationally) and a renter-occupied share of housing units around 41% (above the metro median). These are neighborhood-level statistics and point to a deep tenant base and support for sustained occupancy.
The 2005 construction is newer than the area’s average vintage (late 1970s), which can enhance competitive positioning versus older stock while still warranting standard mid-life system updates and common-area refreshes as part of capital planning.
Local livability skews toward daily-needs convenience rather than lifestyle amenities. Neighborhood grocery and pharmacy access score well versus national peers, while parks, cafes, and childcare are relatively limited. For multifamily, this mix typically supports workforce housing with dependable day-to-day demand drivers.
Neighborhood rents sit modestly above national norms (roughly mid-60s national percentile) with a five-year upward trajectory, while rent-to-income levels indicate manageable affordability pressure for lease retention. Median home values are lower than many U.S. neighborhoods (around the 25th percentile), which can create some competition from ownership; however, this also helps sustain steady demand for more accessible rental options.
Within a 3-mile radius, households have grown in recent years and are projected to expand further alongside rising median incomes, supporting a larger tenant base over the next cycle. Forecast growth in households and families suggests continued depth of demand that can underpin occupancy stability and measured rent growth, based on CRE market data from WDSuite.
Safety indicators are mixed when benchmarked nationally. Violent offense levels track close to the national middle and have improved year over year, while property crime sits above national norms. Compared within the Dallas metro, overall conditions are near the metro midpoint. These are neighborhood-level signals and can evolve with local enforcement and community initiatives.
For underwriting, investors often account for slightly higher property-crime exposure through on-site lighting, access controls, and resident engagement programs while monitoring the recent improvement trend in violent incidents.
- D.R. Horton, America's Builder — homebuilding corporate offices (4.0 miles)
- Thermo Fisher Scientific — life sciences offices (7.0 miles)
- Texas Instruments South Campus — semiconductor offices (7.5 miles)
- General Dynamics — defense & aerospace offices (7.6 miles)
- Texas Instruments — semiconductor offices (7.8 miles) — HQ
This 56-unit, 2005-vintage asset in Garland pairs high neighborhood occupancy with a sizable renter-occupied housing base, supporting leasing stability and tenant depth relative to older inner-suburban stock. Daily-needs amenities are strong, and rents position near national mid-to-upper tiers, which—combined with manageable rent-to-income levels—can aid retention. According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy outperforms national norms, while the property’s newer vintage versus local averages can reduce near-term competitive obsolescence, with selective capex still prudent.
Within a 3-mile radius, households and incomes have risen and are projected to continue growing, pointing to a larger tenant base and support for steady demand. Counterpoints include comparatively higher property-crime exposure and the potential for some competition from ownership given lower area home values, warranting disciplined operations and security-minded asset management.
- High neighborhood occupancy and meaningful renter concentration support durable leasing
- 2005 vintage is newer than local stock, offering competitive positioning with targeted value-add
- Daily-needs access (grocery, pharmacy) aligns with workforce renter demand
- 3-mile household and income growth underpin tenant base expansion
- Risks: elevated property-crime exposure and some competition from ownership; mitigate through security and disciplined operations