| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4359 Point Blvd, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4359 Point Blvd Garland Multifamily Value-Add Potential
Neighborhood renter-occupied share is high, suggesting a deeper tenant base for stabilized leasing, according to WDSuite’s CRE market data. This Inner Suburb location in Garland supports workforce demand even as occupancy trends vary by neighborhood under broader commercial real estate analysis.
Located in Garland within the Dallas–Plano–Irving metro, the neighborhood is rated C and classified as an Inner Suburb. Amenity density is below the metro median (ranked 766 among 1,108 metro neighborhoods), yet grocery access is comparatively better than many areas nationally (76th percentile), which supports day-to-day livability for residents.
Neighborhood rent levels track slightly above national medians (61st percentile) while the neighborhood’s occupancy rate sits below metro norms (ranked 1,080 of 1,108; 20th percentile nationally). For investors, that combination points to careful leasing and asset management needs, but it also indicates room to outperform through operational improvements and targeted renovations.
Renter concentration in the neighborhood is high at the unit level, with renter-occupied share ranked 138 of 1,108 (96th percentile nationally). This depth of renter households typically supports demand resilience for multifamily assets and can aid retention when pricing is aligned with submarket positioning.
Within a 3-mile radius, population and households have grown in recent years, and forecasts call for continued gains alongside a modest decline in average household size. For multifamily, that implies a larger tenant base and more renters entering the market over time, supporting occupancy stabilization potential relative to metro peers based on CRE market data from WDSuite.
Safety indicators for the neighborhood are below national benchmarks (overall safety sits in lower national percentiles), and the area ranks below the metro median on crime (661 among 1,108 metro neighborhoods). Investors should account for this in underwriting and tenant-experience planning.
That said, WDSuite’s data shows a meaningful year-over-year improvement in property offense rates, a constructive trend to monitor alongside local initiatives. As always, safety conditions vary within small geographies, so property-level measures and well-lit, well-managed common areas can support resident satisfaction and lease retention.
Nearby corporate employment anchors such as D.R. Horton, Avnet, Thermo Fisher Scientific, General Dynamics, and Texas Instruments South Campus provide diverse white- and gray-collar jobs that can support renter demand and commute convenience for residents.
- D.R. Horton, America's Builder — homebuilding corporate offices (2.1 miles)
- Avnet Electronics — electronics distribution (11.4 miles)
- Thermo Fisher Scientific — life sciences offices (11.5 miles)
- General Dynamics — defense & aerospace offices (12.0 miles)
- Texas Instruments South Campus — semiconductors (12.5 miles)
Built in 1983, the 64-unit asset is slightly newer than the neighborhood’s average vintage, positioning it for targeted value-add and systems upgrades that can improve competitive standing versus older stock. The surrounding neighborhood shows high renter concentration, which supports a deeper tenant base, while current neighborhood occupancy trends sit below metro norms, indicating the need for focused leasing strategy and expense discipline. According to CRE market data from WDSuite, neighborhood rents align slightly above national medians, suggesting pricing power is attainable when paired with thoughtful renovations and service quality.
Within a 3-mile radius, recent population and household growth—and projections for further gains with smaller average household size—point to renter pool expansion that can support occupancy stability over time. Ownership costs in the broader area are relatively more accessible than many U.S. markets, which can introduce competition with homeownership; prudent rent-to-income management and amenity enhancements can help sustain retention and lease velocity.
- 1983 vintage offers value-add potential to lift positioning versus older comparables
- High neighborhood renter-occupied share indicates depth of tenant base
- 3-mile population and household growth support long-run demand and occupancy stability
- Rents near or above national medians create room for return on targeted upgrades
- Risks: below-metro neighborhood occupancy, lower amenity density, and safety metrics below national benchmarks