| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 35th | Fair |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3520 W Buckingham Rd, Garland, TX, 75042, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3520 W Buckingham Rd Garland Multifamily Investment
Neighborhood occupancy is about 98.4%, supporting leasing stability for a 24-unit asset in an inner-suburban Dallas location, according to WDSuite’s CRE market data. The surrounding area shows a meaningful renter-occupied share (around 42.5%), indicating a durable tenant base for multifamily operators.
Situated in Garland’s inner suburbs of the Dallas–Plano–Irving metro, the neighborhood posts strong occupancy fundamentals at the neighborhood level, ranking 210 of 1,108 metro neighborhoods and landing in the top decile nationally. Median contract rents benchmark around the mid-60s percentile nationwide, suggesting room for professional management to compete on value rather than concessions.
Amenities are mixed: restaurants index above average (around the mid-60s percentile nationally) and pharmacies are comparatively plentiful (low-80s percentile), while parks, cafes, childcare, and grocery stores are sparse within immediate neighborhood bounds. Investors should assume residents rely on nearby road corridors for daily needs and commuting, a common pattern for inner suburbs.
Schools in the area average roughly 3.0 out of 5 and sit modestly above the national middle (low-60s percentile), providing a family-friendly anchor that can support tenant retention. Median home values sit near the national middle and a moderate value-to-income backdrop points to a more accessible ownership market than coastal peers; for multifamily, that implies competitive positioning matters, though high neighborhood occupancy helps sustain demand depth and lease stability.
Within a 3-mile radius, population and household counts have trended upward over the last five years, and WDSuite data indicates further growth ahead, including a notable projected increase in households by 2028 as average household size edges lower. This combination typically expands the renter pool and supports occupancy durability for well-maintained assets. The property’s 1983 vintage is slightly older than the neighborhood’s average construction year (1986), which suggests modest value-add potential and the need for targeted capital planning to keep competitive against newer stock.
Relative to the Dallas–Plano–Irving metro, the neighborhood’s crime rank is 623 out of 1,108 neighborhoods, indicating safety conditions that are below the metro median. Nationally, overall safety aligns with the lower third, so investors should underwrite prudent security measures and loss assumptions.
Recent trends are mixed: property offense rates have eased year over year, while violent-offense indicators show an uptick from a low base. A practical takeaway for underwriting is to assume baseline security and monitoring costs and to emphasize lighting, access control, and resident screening to support retention.
Proximity to life sciences equipment, defense, and semiconductor employers supports workforce housing demand and commute convenience. Nearby anchors include Thermo Fisher Scientific (life sciences equipment), General Dynamics (defense), Texas Instruments South Campus and Texas Instruments (semiconductors), and Avnet Electronics (electronics distribution).
- Thermo Fisher Scientific — life sciences equipment (2.5 miles)
- General Dynamics — defense (3.2 miles)
- Texas Instruments South Campus — semiconductors (4.2 miles)
- Avnet Electronics — electronics distribution (4.4 miles)
- Texas Instruments — semiconductors (4.5 miles) — HQ
This 24-unit, 1983-vintage property benefits from a neighborhood with strong occupancy performance and a meaningful renter-occupied share, indicating depth in the tenant base. According to CRE market data from WDSuite, neighborhood occupancy sits well above the metro median and in the top decile nationally, while rents benchmark around the national middle—conditions that favor steady absorption for well-operated, value-forward units.
Within a 3-mile radius, recent increases in population and households, combined with projections for further household growth through 2028, point to a larger tenant base and support for sustained leasing. The 1983 vintage suggests manageable CapEx with targeted interior and common-area upgrades to enhance competitiveness versus newer stock. Investors should weigh amenity-light blocks and below-median safety metrics in the underwriting, mitigated by strong employment access and durable occupancy signals.
- High neighborhood occupancy supports leasing stability and retention
- Renter-occupied share signals sufficient depth of tenant demand
- 1983 vintage offers value-add potential with focused CapEx
- Access to major employers underpins workforce housing demand
- Risks: lower amenity density and below-median safety require prudent operations