| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4409 Point Blvd, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4409 Point Blvd Garland Multifamily Investment, 20 Units
Renter demand is supported by a high share of renter-occupied housing in the neighborhood and growing household counts within 3 miles, according to WDSuite’s CRE market data. Lease-up and retention may require active management given area occupancy trends, but the broader Dallas metro continues to provide a large, diversified renter pool.
Located in Garland’s inner-suburban fabric of the Dallas-Plano-Irving metro, the property benefits from neighborhood dynamics that skew toward multifamily usage: roughly two-thirds of occupied housing units in the immediate area are renter-occupied. For investors, this depth of renter households points to a broad tenant base and recurring leasing opportunities.
Amenity access is mixed. Grocery availability tests well relative to national benchmarks (stronger density than most areas), while cafes, parks, and pharmacies are limited locally. Restaurant density sits above the national median. These patterns suggest everyday convenience for residents, with some lifestyle amenities likely accessed in adjacent Dallas submarkets.
Neighborhood occupancy is below national and metro norms, signaling potential lease-up and renewal risk. However, 3-mile demographics indicate momentum: data aggregated within a 3-mile radius shows population growth over the last five years and a double-digit increase in households, with forecasts pointing to further household expansion by 2028. This projected renter pool expansion can help support occupancy stability over a longer hold.
Home values in the area are lower than many U.S. neighborhoods, which can create some competition from ownership options. Still, rent levels in the broader 3-mile area have risen meaningfully in recent years and are projected to advance further, providing operators with room to manage pricing while monitoring rent-to-income thresholds and retention risk.
Safety indicators are mixed relative to national comparisons. Overall crime sits around the lower third nationally, suggesting the area experiences more incidents than the U.S. average. Within that context, recent trends show property offenses declining year over year, while violent offense measures are less favorable and have ticked up. For investors, underwriting should incorporate conservative assumptions on security, lighting, and resident engagement, with attention to submarket policing and continued trend monitoring.
The surrounding employment base blends construction, electronics, life sciences, defense/aerospace, and semiconductors—sectors that help sustain renter demand through diverse, commute-friendly jobs. Nearby employers include D.R. Horton, Avnet Electronics, Thermo Fisher Scientific, General Dynamics, and Texas Instruments.
- D.R. Horton — homebuilding (2.2 miles)
- Avnet Electronics — electronics distribution (11.5 miles)
- Thermo Fisher Scientific — life sciences (11.5 miles)
- General Dynamics — defense & aerospace offices (12.0 miles)
- Texas Instruments — semiconductors (12.8 miles) — HQ
This 20-unit property offers exposure to a renter-heavy neighborhood within the Dallas-Plano-Irving metro, supported by a growing 3-mile household base and diverse employment within a short drive. According to CRE market data from WDSuite, neighborhood occupancy trails national norms, so asset performance will hinge on hands-on leasing and retention tactics. That said, household and income growth nearby, along with rising 3-mile median contract rents, indicate a larger tenant base and potential to support steady rent rolls with disciplined affordability management.
Local home values are relatively accessible, which can compete with rentals, but a sizable share of renter-occupied units and continued employment diversification provide a counterbalance. Operators can focus on operational execution—turns, marketing, and targeted upgrades—to capture demand from the expanding renter pool while managing pricing against rent-to-income thresholds.
- Renter-heavy local housing mix supports a broad tenant base
- 3-mile forecasts show rising households, expanding the renter pool
- Diverse nearby employers underpin leasing stability and retention
- Risk: Below-average neighborhood occupancy requires active leasing and retention management