| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 35th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 W Union Bower Rd, Irving, TX, 75061, US |
| Region / Metro | Irving |
| Year of Construction | 1974 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 W Union Bower Rd Irving Multifamily Investment
Inner-suburban Irving shows steady renter demand and occupancy resilience, according to WDSuite’s CRE market data. This location offers practical access to jobs across the Dallas-Plano-Irving corridor, supporting durable leasing fundamentals backed by balanced pricing and a broad tenant base from the surrounding employment hubs and schools.
Located in an Inner Suburb of the Dallas-Plano-Irving metro, the neighborhood rates C+ and sits 704th of 1,108 metro neighborhoods, placing it around the metro middle. Amenity access is mixed: grocery and restaurants index well nationally (around the 80th percentile), and pharmacies are a relative strength (about the 96th percentile), while cafes and parks are limited. For investors, this translates to day-to-day convenience without paying for premium lifestyle nodes.
Neighborhood occupancy is healthy and trending up, with conditions positioned above the national median. The share of housing units that are renter-occupied is elevated versus many U.S. neighborhoods (around the top quintile nationally), indicating a deeper tenant pool that can support leasing stability for multifamily assets. NOI per unit trends benchmark competitively (around the 70th percentile nationally), suggesting achievable operations relative to peers when managed efficiently.
Within a 3-mile radius, population and households have grown modestly over the past five years, while average household size has edged lower. This pattern typically broadens the renter base and supports occupancy, particularly for studios and smaller two-bedroom formats. Forecasts point to continued income gains and higher asking rents through the mid-term, implying room for measured rent strategies as renewals cycle.
Ownership costs in the local context are moderate for the Dallas area, which helps sustain renter reliance on multifamily housing and can aid retention. School ratings trend below national norms on average, which may influence unit mix and marketing toward workforce and young professional segments rather than family-centric positioning.
Safety metrics are mixed. Compared with neighborhoods nationwide, this area tracks below the national median on both violent and property offense rates; however, recent year-over-year trends show meaningful declines in estimated offense rates, according to WDSuite’s data. Within the Dallas-Plano-Irving metro (1,108 neighborhoods), overall crime positioning sits roughly in the middle tier rather than at the extremes.
For underwriting, this suggests balancing stronger on-site management, lighting, and access control with the advantage of improving trendlines. Nearby employment density and commuting convenience can help stabilize tenancy even as operators remain attentive to safety-driven operating practices.
The property benefits from proximity to a diverse set of corporate headquarters that support a large regional workforce and convenient commutes for renters, including Kimberly-Clark, Celanese, Exxon Mobil, Southwest Airlines, and American Airlines Group.
- Kimberly-Clark — consumer products (3.37 miles) — HQ
- Celanese — chemicals (3.49 miles) — HQ
- Exxon Mobil — energy (4.77 miles) — HQ
- Southwest Airlines — airline (5.18 miles) — HQ
- American Airlines Group — airline holding (5.98 miles) — HQ
This 55-unit Irving asset sits in a neighborhood with above-national-median occupancy and a high renter-occupied share, indicating a deeper tenant base and supportive leasing backdrop. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks around the upper tiers nationally, and nearby grocery, restaurant, and pharmacy access adds functional appeal for renters even without premium lifestyle positioning. Within a 3-mile radius, modest population and household growth alongside rising incomes point to sustained rental demand and measured pricing power.
Strategically, proximity to multiple Fortune 500 headquarters underpins demand stability, while ownership costs in the area continue to sustain renter reliance on multifamily housing. Key underwriting considerations include below-average school ratings and the need for continued attention to safety-focused property operations, balanced by improving year-over-year offense trends and a broad, commuting-oriented employment base.
- Above-national-median occupancy and elevated renter concentration support leasing stability
- Competitive NOI per unit vs. national peers with solid everyday amenities nearby
- 3-mile area shows population and household growth with income gains, reinforcing demand
- Proximity to major HQs strengthens tenant pool and retention potential
- Risks: lower average school ratings and below-national-median safety require active management