| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5801 Lake Hubbard Pkwy, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5801 Lake Hubbard Pkwy Garland Multifamily Investment
Positioned in an inner-suburban pocket of Garland, the asset benefits from an elevated renter base and recent improvement in property crime trends, according to WDSuite’s CRE market data, even as neighborhood occupancy tracks below the metro.
This inner suburb of the Dallas–Plano–Irving metro shows mixed fundamentals for multifamily investors. Neighborhood rents sit modestly above national norms (61st percentile nationally), while occupancy is below the metro median, ranking in the weaker tier among 1,108 Dallas-area neighborhoods. A large share of housing units are renter-occupied, indicating depth in the tenant base that can help stabilize leasing through cycles.
Livability signals are balanced: everyday convenience is supported by strong grocery access (76th percentile nationally), while parks, pharmacies, and cafes are sparse within the neighborhood itself. For investors, this points to resident reliance on nearby corridors for leisure and services, with leasing demand more closely tied to value, commute patterns, and on-site amenities than to walkable retail.
Within a 3-mile radius, demographics trend favorable for demand: population increased by about 10% over the last five years and households by roughly 11%, with forecasts calling for further population and household growth through 2028. Household sizes are projected to edge lower, which typically expands the renter pool and supports occupancy stability for smaller formats like studios and one-bedrooms.
Home values in the immediate neighborhood are lower relative to many U.S. areas (22nd percentile nationally). That can create some competition from entry-level ownership, but the area’s low rent-to-income ratio implies manageable housing costs for renters and potential for steady retention, with pricing power driven by asset quality and management rather than by scarcity.
Safety indicators are mixed. Compared with the 1,108 neighborhoods in the Dallas–Plano–Irving metro, this area sits below the metro median for safety. Nationally, property and violent offense rates benchmark below the national median for safety; however, recent data shows a notable year-over-year decline in estimated property offenses, indicating improving momentum. Investors should underwrite to current trends while monitoring directionality rather than any single-year reading.
Nearby corporate nodes provide a diversified employment base that supports renter demand and commute convenience, led by D.R. Horton, Avnet Electronics, Thermo Fisher Scientific, General Dynamics, and Texas Instruments.
- D.R. Horton — homebuilding offices (2.35 miles)
- Avnet Electronics — electronics distribution (11.62 miles)
- Thermo Fisher Scientific — life sciences and lab equipment (11.66 miles)
- General Dynamics — defense & aerospace offices (12.19 miles)
- Texas Instruments — semiconductors (12.92 miles) — HQ
The property’s location in Garland offers a sizable renter base and proximity to major employment nodes, while neighborhood occupancy trends remain softer than the metro. Within a 3-mile radius, recent and forecast growth in population and households suggests a larger tenant base ahead, and neighborhood-level rent-to-income readings indicate manageable renter affordability that can aid lease retention. Based on CRE market data from WDSuite, recent improvements in property crime metrics add a constructive directional signal to underwriting.
Operationally, the area’s strong grocery access offsets limited local parks and cafes, making on-site amenities and management execution meaningful differentiators. Lower neighborhood home values can introduce some competition from ownership, but they also support a value proposition for renters seeking accessible monthly costs, particularly for smaller units consistent with the average unit size profile.
- Large renter-occupied base and 3-mile household growth support a deeper tenant pool and leasing stability.
- Rents near national norms with low rent-to-income readings point to retention and measured pricing power.
- Proximity to diversified employers underpins demand across income bands and commute-sensitive renters.
- Directional improvement in property crime trends provides constructive momentum to monitor.
- Risks: neighborhood occupancy trails metro levels; limited local leisure amenities may shift value to on-site features and management.