| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6133 Marvin Loving Dr, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6133 Marvin Loving Dr, Garland Multifamily Investment
Neighborhood data indicate a high share of renter-occupied housing, supporting a deeper tenant base near East Dallas employment nodes, according to WDSuite’s CRE market data. Operational focus may be rewarded as leasing demand is sustained by proximity and everyday retail access.
Located in Garland’s inner suburb of the Dallas–Plano–Irving metro, the property benefits from commute access to East Dallas and Richardson employment corridors. Neighborhood grocer density ranks competitive nationally (around the 76th percentile), signaling convenient essentials for residents, while other lifestyle amenities like parks, pharmacies, childcare, and cafes are thinner nearby. For investors, this points to durable daily-needs traffic with limited discretionary draw.
Neighborhood occupancy is below metro averages (ranked toward the lower end among 1,108 Dallas–Plano–Irving neighborhoods), which calls for disciplined leasing and retention strategy. At the same time, the neighborhood’s renter-occupied share is high (96th percentile nationally), indicating strong renter concentration and a broad tenant pool to support stabilization.
Within a 3-mile radius, households have expanded over the last five years and are projected to grow further, with household sizes trending smaller. This combination typically enlarges the renter pool and supports occupancy stability for well-managed assets. Median contract rents in the broader 3-mile area have risen over the past five years and are forecast to continue increasing, reinforcing revenue potential for competitively positioned units.
Neighborhood home values sit on the lower end relative to national markets, which can introduce some competition from ownership options. However, rent-to-income levels in the neighborhood suggest manageable affordability pressure for renters, supporting lease retention and pricing power when paired with prudent renewal management and value-driven maintenance.
Safety conditions in the immediate neighborhood track below national norms, with the area ranked in the lower tier among 1,108 Dallas–Plano–Irving neighborhoods. For underwriting, this suggests weighting security, lighting, and resident-engagement measures as part of the operating plan.
Recent trend signals are mixed: property crime estimates have improved year over year, while violent crime estimates moved higher. Framing risk at the neighborhood—not block—level and monitoring trend direction can help align security investments with leasing and retention goals.
The submarket draws on a broad employment base across homebuilding, electronics, life sciences, and defense—supporting workforce housing demand and commute convenience for renters working at the following nearby employers.
- D.R. Horton, America's Builder — homebuilding (2.1 miles)
- Avnet Electronics — electronics distribution (11.5 miles)
- Thermo Fisher Scientific — life sciences (11.6 miles)
- General Dynamics — defense & aerospace offices (12.1 miles)
- Texas Instruments South Campus — semiconductors (12.7 miles)
This 20‑unit asset in Garland offers exposure to a renter-heavy neighborhood and a growing 3‑mile household base, with convenient grocery access and connectivity to major job centers. According to CRE market data from WDSuite, neighborhood occupancy trends are below metro averages, making operational execution—marketing, renewals, and turn efficiency—a primary lever for returns.
Household growth and smaller household sizes within 3 miles point to renter pool expansion and support for steady leasing, while neighborhood-level home values and rent-to-income dynamics suggest manageable affordability pressure that can aid lease retention. The employment base across homebuilding, electronics, life sciences, and defense further underpins day-to-day demand.
- High renter concentration in the neighborhood supports a deeper tenant base
- 3-mile household growth and smaller household sizes expand the renter pool
- Proximity to diversified employers supports leasing and retention
- Grocery access is convenient; other amenities are thinner and should be considered in positioning
- Risk: Neighborhood occupancy trails metro norms—returns depend on strong leasing and renewal execution