| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4417 Point Blvd, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4417 Point Blvd Garland 32-Unit Multifamily Opportunity
Neighborhood renter concentration is high while occupancy trends are softer, pointing to value-focused operations and tenant retention as key levers, according to WDSuite’s CRE market data. Proximity to major employers and steady household growth in the broader area support durable renter demand.
Positioned in Garland within the Dallas–Plano–Irving metro, the property sits in an inner-suburban neighborhood rated C out of 1,108 metro neighborhoods. Grocery access is comparatively strong (competitive nationally), while restaurants are present at a moderate level; cafes, parks, and pharmacies are more limited nearby. For investors, this mix suggests daily needs are convenient, with fewer discretionary amenities within the immediate blocks.
Neighborhood occupancy trends sit below metro norms and have edged lower over the past five years. By contrast, the share of housing units that are renter-occupied in the neighborhood is elevated, indicating a deep local tenant base that can support leasing velocity when product is positioned appropriately. Median asking rents in the neighborhood track mid-market locally with measurable growth in recent years, reinforcing the case for steady demand rather than outlier pricing power.
Demographics aggregated within a 3-mile radius show population and household growth over the past five years, with further gains projected, implying a larger tenant base over time. Household incomes in this radius have risen meaningfully, which can enhance renewal prospects and support modest rent steps when balanced against retention risk.
Relative affordability dynamics are mixed. Neighborhood home values are lower than many parts of the metro, which can introduce some competition from entry-level ownership; however, rent-to-income levels in the neighborhood suggest manageable affordability pressure, supporting lease stability if increases are paced with income growth. Based on WDSuite’s commercial real estate analysis, these fundamentals point to demand durability with emphasis on operations and product differentiation.
Safety indicators for the neighborhood are weaker than metro and national medians, placing it below average among 1,108 Dallas–Plano–Irving neighborhoods and in the lower national percentiles. Recent trends are mixed: property crime has improved year over year, while violent incident measures have moved unfavorably. Investors should underwrite with prudent security, lighting, and resident-experience measures and compare trends to nearby submarkets.
- 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 32-unit asset serves a renter-heavy neighborhood in Garland where occupancy is softer but demand is supported by nearby employment nodes and essential-retail access. Within a 3-mile radius, population and households have grown and are projected to continue expanding, which supports a larger tenant base and potential for improved leasing performance. According to CRE market data from WDSuite, neighborhood rent levels are mid-market with observable growth, suggesting room for carefully managed rent optimization tied to retention.
The ownership landscape nearby is relatively accessible, introducing some competition from entry-level ownership; however, the neighborhood’s high renter-occupied share points to durable multifamily demand. Execution should focus on operational efficiency, resident experience, and value-focused unit positioning to capture demand while mitigating affordability pressure and safety-related perception risk.
- Renter-heavy neighborhood supports depth of tenant demand and leasing resilience
- 3-mile household and income growth expands the renter pool and renewal prospects
- Mid-market rent positioning with measured growth enables disciplined pricing and retention
- Proximity to diversified employers underpins steady demand from commuting renters
- Risks: softer neighborhood occupancy, below-average safety metrics, and competition from entry-level ownership