| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5829 Marvin Loving Dr, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5829 Marvin Loving Dr Garland Multifamily Investment Snapshot
Neighborhood renter demand is supported by an elevated renter-occupied share and proximity to major employers, while occupancy has been softer than metro norms according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of the Dallas–Plano–Irving metro, the immediate neighborhood shows mixed fundamentals for multifamily investors. Renter-occupied share is among the higher concentrations nationally, which points to a deeper tenant base and potential demand resilience for a 28-unit asset, though active leasing and retention strategies remain important.
Rent levels in the neighborhood have increased over the last five years and remain below the metro’s higher-cost submarkets, supporting a broad renter pool. The 3-mile radius demographic view indicates population and household growth with projections for additional household formation over the next five years, which can expand the renter pool and help support occupancy stability.
Local amenities are serviceable for daily needs: grocery access is comparatively strong for the area, and restaurant density is moderate, while parks, cafes, and pharmacies are limited within the immediate neighborhood. For investors, this typically favors workforce housing positioning where commute convenience and value compete more than lifestyle amenities.
Ownership costs in the neighborhood are relatively accessible compared with many Dallas–Fort Worth areas, which can introduce some competition with entry-level ownership. At the same time, neighborhood rent-to-income metrics suggest manageable affordability pressure, implying balanced lease management with attention to pricing power and renewal risk.
Safety indicators are mixed relative to the region and nation. Based on metro rankings, the neighborhood falls in the lower-performing half among 1,108 Dallas–Plano–Irving neighborhoods, signaling that investors should underwrite prudent security and operational protocols. Nationally, the area trends below the median on safety measures.
Trend signals are noteworthy: property crime estimates have declined year over year, which is a constructive directional indicator, while violent crime metrics have not shown the same improvement. Framing this at the neighborhood—not block—level helps set expectations for risk-adjusted operations, insurance considerations, and tenant retention planning.
The surrounding employment base features nearby corporate offices that help support workforce renter demand and commute convenience, including D.R. Horton, Avnet, Thermo Fisher Scientific, General Dynamics, and Texas Instruments South Campus.
- D.R. Horton, America's Builder — homebuilding corporate offices (2.2 miles)
- Avnet Electronics — electronics distribution offices (11.4 miles)
- Thermo Fisher Scientific — life sciences offices (11.5 miles)
- General Dynamics — defense & aerospace offices (12.0 miles)
- Texas Instruments South Campus — semiconductor offices (12.5 miles)
This Garland asset benefits from a high neighborhood renter concentration and a growing 3-mile radius household base, pointing to a durable tenant pipeline. Daily-needs retail access is comparatively strong, and proximity to established employers supports leasing velocity for workforce tenants. According to CRE market data from WDSuite, occupancy at the neighborhood level has trailed stronger Dallas submarkets, so hands-on operations and renewal management are key to unlocking stable performance.
Affordability indicators suggest balanced pricing power: neighborhood rents remain accessible relative to many DFW submarkets, while ownership is comparatively attainable, which can create competition with entry-level buyers. We view this as a management question rather than a structural headwind, with emphasis on value, service quality, and retention strategies.
- Elevated neighborhood renter-occupied share supports depth of tenant demand
- Expanding households within 3 miles indicate a larger renter pool and support for occupancy
- Proximity to multiple corporate offices underpins leasing from commuters
- Operational upside: active leasing and renewals needed given softer neighborhood occupancy
- Risk: comparatively accessible ownership options may compete with rentals; retention focus advised