| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 23rd | Poor |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1402 S Peachtree Rd, Mesquite, TX, 75149, US |
| Region / Metro | Mesquite |
| Year of Construction | 1972 |
| Units | 72 |
| Transaction Date | 2021-02-25 |
| Transaction Price | $4,241,200 |
| Buyer | HA QUYEN T |
| Seller | HA LYNN T |
1402 S Peachtree Rd Mesquite Multifamily Investment
Neighborhood fundamentals point to steady renter demand and resilient occupancy, according to WDSuite’s CRE market data. The location offers Inner Suburb access within the Dallas-Plano-Irving metro, with pricing dynamics that support multifamily leasing.
Situated in Mesquite’s Inner Suburb context within the Dallas-Plano-Irving metro, the property benefits from neighborhood occupancy that is competitive among Dallas-Plano-Irving neighborhoods (ranked 405 out of 1,108), supporting income stability for professionally managed assets. Median contract rents in the neighborhood trend above national norms (62nd percentile), indicating room for disciplined revenue management while keeping an eye on renter affordability.
At a 44.4% share of renter-occupied housing units, the neighborhood exhibits a meaningful renter concentration (ranked 316 of 1,108), which generally widens the tenant base and supports leasing velocity. Median home values sit near the national middle, but the value-to-income ratio is elevated (87th percentile nationally), signaling a relatively high-cost ownership market that can reinforce reliance on rental options and bolster pricing power for well-positioned multifamily assets.
Livability signals are mixed: park access rates in the 79th national percentile are a positive, while broader amenities rank lower (amenities ranked 778 of 1,108 metro neighborhoods). Average school ratings land near the national midpoint, suggesting balanced—though not premium—family appeal. For investors, these conditions imply stable day-to-day livability with selective amenity gaps that may be addressed through on-site offerings or partnerships.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the last five years and a larger increase in households, with forecasts calling for additional household gains and smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability and lease-up cadence for workforce-oriented product, particularly where management emphasizes renewals and resident experience.
The property’s 1972 construction vintage is slightly older than the neighborhood average year built (1970), pointing to ongoing capital planning needs. Thoughtful value-add and systems modernization can enhance competitiveness versus newer stock while targeting durable returns through operational improvements.
Safety indicators for the neighborhood trend below national averages and rank in the lower tier among 1,108 Dallas-Plano-Irving neighborhoods. Nationally, safety percentiles are on the lower end, and recent year-over-year shifts indicate increases in both property and violent offense estimates. For underwriting, investors typically account for these dynamics via security measures, insurance assumptions, and resident-experience programming, while monitoring city and precinct-level trends over time.
A broad employment base within roughly 10 miles includes headquarters across telecom, engineering, building materials, food manufacturing, and healthcare. This cluster supports commuter convenience and helps sustain renter demand and retention for workforce housing.
- Builders Firstsource — building materials HQ (10.0 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (10.0 miles) — HQ
- AT&T — telecommunications (10.0 miles) — HQ
- Dean Foods — food & beverage (10.2 miles) — HQ
- Tenet Healthcare — healthcare services (10.3 miles) — HQ
This 72-unit, 1972-vintage asset aligns with durable workforce demand drivers in Mesquite’s Inner Suburb setting. Neighborhood occupancy is competitive within the Dallas-Plano-Irving metro, and a meaningful share of renter-occupied housing units indicates depth in the tenant base. According to CRE market data from WDSuite, neighborhood rents track above national norms while ownership costs are comparatively high relative to incomes, a combination that can sustain rental reliance and support disciplined pricing strategies.
Demographics aggregated within a 3-mile radius show modest population growth alongside notably higher household growth, with forecasts pointing to continued household increases and smaller household sizes. For multifamily operators, this typically translates to a larger renter pool and steady lease-up potential. Given the 1972 vintage, a targeted value-add and capital plan—systems, interiors, and curb appeal—can improve competitive positioning versus newer product while focusing on retention and operating efficiency.
- Competitive neighborhood occupancy and solid renter concentration support income stability
- Ownership costs vs. incomes favor rental demand, aiding pricing power for well-managed assets
- 3-mile household growth and smaller household sizes expand the renter pool and support leasing
- 1972 vintage offers value-add and modernization upside through targeted capex
- Risks: below-average safety metrics and amenity gaps require underwriting for security, insurance, and on-site programming