| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 17th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 709 N Nursery Rd, Irving, TX, 75061, US |
| Region / Metro | Irving |
| Year of Construction | 1985 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
709 N Nursery Rd Irving Multifamily Investment
Positioned in an inner-suburb pocket of Irving with a durable renter base and access to major employment nodes, this asset leans on neighborhood occupancy and commuter fundamentals, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood of Irving where day-to-day convenience is a draw: grocery access and restaurants test above national averages, while park availability scores in a high national percentile. Schools rate lower on average, which investors should factor into leasing strategy for family-oriented units.
Neighborhood occupancy is measured for the neighborhood and not the property; it trends around the national mid-range with modest softening in recent years, suggesting stable but competitive leasing conditions relative to the Dallas–Plano–Irving metro. Within a 3-mile radius, a slight majority of housing units are renter-occupied, reinforcing depth of tenant demand and supporting absorption for well-positioned multifamily.
Demographics aggregated within 3 miles show households increasing despite flat population, indicating smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections call for continued growth in households through 2028, which should support occupancy stability and renewals even as new supply competes for tenants.
On the cost side, elevated rent growth in recent years and a rent-to-income profile that implies some affordability pressure point to balanced pricing power. Home values are moderate for the region, which can introduce some competition from ownership options; however, multifamily remains a more accessible path for many households, supporting renter reliance and lease retention in professionally managed assets.
Safety indicators for the neighborhood (measured relative to the Dallas–Plano–Irving metro’s 1,108 neighborhoods) are competitive within the metro but sit below the national median. Recent trends point to year-over-year improvement in both property and violent offense rates, which, if sustained, can aid resident retention and reduce turnover-related costs. These figures reflect neighborhood-level conditions, not the property itself.
Proximity to a concentration of corporate offices underpins commuter demand and supports weekday occupancy and renewals. Key nearby employers include Kimberly-Clark, Celanese, Xerox, Southwest Airlines, and Exxon Mobil.
- Kimberly-Clark — corporate offices (3.5 miles) — HQ
- Celanese — corporate offices (3.6 miles) — HQ
- Xerox — corporate offices (4.3 miles)
- Southwest Airlines — corporate offices (4.5 miles) — HQ
- Exxon Mobil — corporate offices (4.9 miles) — HQ
Built in 1985, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties while still allowing for targeted modernization to enhance rent positioning and operating efficiency. Neighborhood occupancy and a renter-leaning housing mix support demand fundamentals, and nearby blue-chip employers provide a steady commuter tenant base.
Based on CRE market data from WDSuite, neighborhood leasing conditions are steady in the Dallas–Plano–Irving metro, with household growth within a 3-mile radius expected to expand the renter pool through 2028. Investors should balance pricing power opportunities with management of affordability and school-quality perceptions, and monitor safety trends that have shown recent improvement.
- 1985 vintage provides competitive positioning versus older submarket stock with selective value-add upside
- Renter-occupied share within 3 miles supports depth of tenant demand and renewal potential
- Access to major corporate employers bolsters weekday occupancy and leasing velocity
- Projected household growth through 2028 supports occupancy stability and revenue visibility
- Risks: below-median school ratings, affordability pressure, and safety levels below national median despite recent improvements