| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 35th | Fair |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3524 W Buckingham Rd, Garland, TX, 75042, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3524 W Buckingham Rd, Garland TX Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable in this inner-suburban pocket of Garland, according to WDSuite’s CRE market data, supporting stable performance for smaller assets. The outlook favors steady leasing given the area’s high occupancy at the neighborhood level and balanced rent-to-income dynamics.
Located in an Inner Suburb of the Dallas–Plano–Irving metro, the neighborhood posts high occupancy at the neighborhood level (98.4%), placing it in the top quartile nationally and competitive among 1,108 metro neighborhoods. For investors, that signals resilient lease-up and lower downtime risk relative to weaker submarkets. The share of housing units that are renter-occupied is 42.5%, which is above the metro median, indicating a healthy tenant base for multifamily.
Livability is mixed but serviceable for workforce renters. Restaurants per square mile track around the national 66th percentile and pharmacies are in the 83rd percentile, while cafes, grocery stores, and parks are comparatively sparse based on neighborhood rankings. Average school ratings near 3.0 out of 5 sit around the 61st national percentile, offering a modest support to family-oriented demand without commanding premium pricing.
Within a 3-mile radius, population has inched higher and households have grown, with forecasts pointing to further household increases and slightly smaller average household sizes. For multifamily, that combination typically broadens the tenant pool and supports occupancy stability, even if individual renter turnover must be managed.
Construction vintage in the neighborhood centers around the mid-1980s; this property was built in 1983, slightly older than the local average (1986). That positioning can support a value-add strategy focused on targeted renovations and systems upgrades to improve competitive standing versus newer stock while controlling capital scope.
Ownership costs in the area are moderate given local home values and value-to-income ratios. For investors, this context suggests rental housing remains an accessible option for many households, reinforcing demand depth; at the same time, it limits extreme pricing power, favoring steady, pragmatic revenue management over outsized rent pushes.
Safety trends are mixed at the neighborhood level. Overall, the area sits below the national median for safety (around the 35th percentile nationwide), which implies investors should plan for standard property-level security and lighting protocols. At the same time, estimated property offenses have moved lower year over year, while violent offense metrics have shown an uptick, underscoring the value of proactive on-site management and resident engagement.
Compared with other Dallas–Plano–Irving neighborhoods (1,108 in total), the neighborhood reads as middle-of-the-pack to somewhat weaker on safety—neither among the metro’s highest-risk areas nor its top-tier performers. Underwriting should incorporate routine security measures and partnerships with local community resources rather than premium safety assumptions.
Proximity to life sciences, defense & aerospace, semiconductors, and electronics offices supports workforce housing demand and commute convenience for renters. Nearby employers include Thermo Fisher Scientific, General Dynamics, Texas Instruments (including South Campus), and Avnet Electronics.
- Thermo Fisher Scientific — life sciences (2.5 miles)
- General Dynamics — defense & aerospace offices (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
The investment case centers on durable renter demand and high neighborhood occupancy, which sits in the top quartile nationally according to commercial real estate analysis from WDSuite. A renter-occupied share near the mid-40s at the neighborhood level supports a deep tenant base for a 24‑unit asset, while rent-to-income readings suggest room for steady rent management without leaning on outsized increases. The area’s amenity mix is practical—restaurants and pharmacies are accessible—even as cafes, groceries, and parks are thinner, which favors value positioning over luxury.
Built in 1983, the property is slightly older than the neighborhood average vintage. This creates a clear value‑add path: targeted interior updates and selective building systems improvements can lift competitive positioning against newer stock. Within a 3‑mile radius, recent growth in households and forecasts for additional increases point to a larger tenant base over time, supporting occupancy resilience as the submarket evolves.
- High neighborhood occupancy supports leasing stability and lower downtime risk.
- Renter concentration at the neighborhood level indicates a sizable tenant pool for a 24‑unit asset.
- 1983 vintage offers value‑add potential through targeted renovations and systems upgrades.
- 3‑mile household growth and forecast expansion reinforce demand and support occupancy stability.
- Risks: lighter nearby amenities and below‑median national safety call for prudent security and value‑oriented positioning.