| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 26th | Poor |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1619 E Grauwyler Rd, Irving, TX, 75061, US |
| Region / Metro | Irving |
| Year of Construction | 1972 |
| Units | 40 |
| Transaction Date | 2006-10-20 |
| Transaction Price | $1,418,800 |
| Buyer | 1619 EAST GRAUWYLER ROAD LLC |
| Seller | RODRIGUEZ CARLOS |
1619 E Grauwyler Rd Irving Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady occupancy, according to WDSuite s CRE market data, suggesting durable leasing fundamentals with measured upside from thoughtful upgrades.
Located in an Inner Suburb of the Dallas Plano Irving metro, the area around 1619 E Grauwyler Rd shows solid renter depth and serviceable daily conveniences for workforce tenants. Grocery access sits above the national median, while cafes, parks, and childcare options are thinner locally factors to consider when positioning amenities and tenant services.
Neighborhood housing dynamics are investor-friendly: the share of renter-occupied units is in the top decile nationally (96th percentile), indicating a deep tenant base that can support marketing velocity and renewal strategies. Neighborhood contract rents benchmark slightly above the national median, pointing to pragmatic pricing power without overextending affordability.
Within a 3-mile radius, demographics indicate a growing renter pool: population and household counts increased over the past five years, with further gains projected, which supports occupancy stability and absorption for well-maintained units. Median incomes have also trended higher, expanding the qualified tenant base and improving collections durability.
The asset s 1972 vintage is slightly older than the neighborhood s average construction year, which suggests targeted capital planning could unlock value modernizing interiors, addressing systems, and improving curb appeal to sharpen competitive positioning against newer stock.
Safety performance is mixed relative to national benchmarks. The neighborhood sits below the national median for safety (around the 40th percentile), but recent trends show improvement: estimated property offenses declined notably year over year, and violent offenses edged down as well. These directional shifts, based on WDSuite s CRE market data, indicate a stabilizing backdrop investors should monitor alongside standard security and lighting enhancements.
Within the Dallas Plano Irving metro (1,108 neighborhoods total), the area is not among the top tier safety performers, yet recent declines in estimated incidents provide incremental support for tenant retention and onsite risk management. Prudent operating practices access control, nighttime visibility, and community engagement can further reinforce leasing stability.
Proximity to major corporate offices underpins renter demand, providing commute convenience for a broad professional workforce. Nearby anchors include Celanese, Kimberly Clark, Xerox, Southwest Airlines, and Exxon Mobil.
- Celanese chemicals & materials (3.0 miles) HQ
- Kimberly-Clark consumer products (3.0 miles) HQ
- Xerox corporate offices (3.6 miles)
- Southwest Airlines airlines corporate (3.7 miles) HQ
- Exxon Mobil energy corporate (4.3 miles) HQ
This 40 unit, 1972 vintage property offers a straightforward value add path in a renter heavy neighborhood where occupancy sits near the national median and contract rents trend slightly above it. The high renter occupied share signals depth of demand and supports leasing stability, while moderate rent levels help manage affordability pressure and retention.
Within a 3-mile radius, population and households have expanded with further growth projected, indicating a larger tenant base over time. Elevated ownership costs relative to incomes in the neighborhood context reinforce reliance on rental options, supporting absorption for renovated units. According to CRE market data from WDSuite, these fundamentals align with a buy and improve approach focused on interior updates and operational enhancements, while monitoring safety trends and amenity positioning.
- Renter heavy neighborhood (top decile nationally) supports durable leasing demand
- 1972 vintage enables value add through systems updates and interior modernization
- 3 mile demographic growth expands the qualified tenant base and supports occupancy
- Daily conveniences present, with grocery access above national median; amenity gaps can be offset with onsite offerings
- Risks: safety below national median and aging systems underwriting should budget for security, lighting, and capital items