| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 53rd | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3601 Easton Meadows Dr, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | 2006-12-01 |
| Transaction Price | $9,400,000 |
| Buyer | WESTDALE LAKEWAY TRACE LLC |
| Seller | SIMPSON FINANCING LP |
3601 Easton Meadows Dr Garland TX Multifamily Investment
Neighborhood data points to a deep renter base and solid everyday amenities, supporting steady tenant demand, according to WDSuite’s CRE market data. Monitor leasing traction given recent softness in neighborhood occupancy, but the submarket’s fundamentals remain serviceable for workforce-oriented product.
Situated in Garland’s inner suburbs of the Dallas–Plano–Irving metro, the neighborhood rates competitively for daily conveniences. Amenity access ranks in the top quartile among 1,108 metro neighborhoods, with grocery and pharmacy density that is stronger than most areas nationally—useful for resident retention and leasing appeal (based on CRE market data from WDSuite).
Rents in the neighborhood sit around the national upper-middle range while rent-to-income indicates manageable tenant affordability, which can support renewal rates and limit turnover pressure. Median home values are moderate for the metro context, suggesting ownership is attainable for some households; for investors, that typically means stable renter demand without extreme pricing power dynamics.
The average school rating in the neighborhood trails national norms, which may temper demand from school-sensitive renters, and park access is limited locally. Even so, the broader amenity mix (restaurants, cafes, groceries, pharmacies) aligns with workforce housing needs and underpins day-to-day livability.
Tenure signals diverge by geography: neighborhood indicators show a high share of renter-occupied housing units, implying depth for multifamily leasing, while 3-mile demographics point to a more owner-leaning area. Within that 3-mile radius, population and households have grown in recent years and are projected to continue expanding through 2028, which supports a larger tenant base and occupancy stability for well-positioned assets.
Relative to the Dallas–Plano–Irving metro, this neighborhood’s crime ranking sits below the metro median (709 out of 1,108 neighborhoods), indicating higher incident rates than many peer areas. Nationally, it trends below average on safety measures.
Trend-wise, estimated property offense rates improved year over year, while the estimated violent offense rate increased over the same period. Investors should underwrite with appropriate security, lighting, and operating plans and continue to track local trendlines as part of risk management.
Nearby employment anchors include homebuilding, life sciences, electronics distribution, and semiconductor offices—diverse drivers that support commuter demand and can aid leasing stability.
- D.R. Horton, America's Builder — homebuilding offices (2.8 miles)
- Thermo Fisher Scientific — life sciences (10.7 miles)
- Avnet Electronics — electronics distribution (11.0 miles)
- Texas Instruments South Campus — semiconductors (11.1 miles)
- Texas Instruments — semiconductors (11.4 miles) — HQ
Built in 1983, the asset skews older than the neighborhood average vintage, creating clear value-add angles through interior updates and systems modernization. Neighborhood-level renter concentration supports a deeper tenant base, while 3-mile demographics show ongoing growth in population and households—factors that can help sustain occupancy and absorption for well-managed properties.
According to CRE market data from WDSuite, neighborhood occupancy has softened versus metro peers, so focused leasing and asset improvements will matter. Balanced home values and manageable rent-to-income in the area imply that pricing power should be approached thoughtfully, with emphasis on retention, service, and targeted upgrades to justify rent steps.
- 1983 vintage offers renovation and capex-driven upside versus newer competitive stock
- Diverse nearby employment nodes (homebuilding, life sciences, semiconductors) support steady renter demand
- 3-mile population and household growth expands the renter pool and supports occupancy stability
- Amenity access ranks competitively in the metro, aiding leasing appeal and renewals
- Risks: neighborhood occupancy below metro median and below-average safety require active leasing and operational controls