| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 32nd | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1809 Baker Dr, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 52 |
| Transaction Date | 2010-06-30 |
| Transaction Price | $1,050,000 |
| Buyer | 1809 BAKER LLC |
| Seller | KLEMENT VENTURES LP |
1809 Baker Dr, Mesquite TX Multifamily Opportunity
Renter demand is supported by a sizable renter-occupied base and steady neighborhood occupancy, according to WDSuite’s CRE market data. Positioned near Dallas employment hubs, the asset offers practical exposure to a workforce-driven submarket.
The property sits in Mesquite within the Dallas-Plano-Irving metro, where neighborhood livability leans practical for workforce renters. Amenity access is mixed: restaurant and grocery availability track above national medians, while parks score in the top quartile nationally, but cafés and pharmacies are comparatively sparse. This pattern suggests daily needs are convenient with strong open-space access, though specialty and boutique options are limited.
For investors, rent levels in the neighborhood trend mid-market relative to national peers, and occupancy in the neighborhood is in the low-90s. The share of housing units that are renter-occupied is elevated compared to most U.S. neighborhoods, indicating a deeper tenant base and potential support for leasing stability.
Demographic statistics aggregated within a 3-mile radius point to steady population growth over the past five years and a notable increase in households, expanding the local renter pool. Forward-looking data indicates additional growth in both households and incomes through 2028, which can underpin demand for rental units and support occupancy and retention.
The asset’s 1983 vintage is slightly newer than the neighborhood’s average construction year, positioning it competitively versus older stock. Investors should still underwrite routine modernization of systems and interiors to sustain leasing performance against newer deliveries.
Home values in the area remain moderate in a national context. This creates a landscape where ownership is relatively accessible compared to high-cost coastal markets, so pricing strategy should balance rent growth ambitions with potential competition from entry-level ownership options while maintaining lease retention.
Safety metrics for the neighborhood track below national medians, reflecting comparatively higher reported crime than many U.S. neighborhoods. Within the Dallas-Plano-Irving metro (1,108 neighborhoods), the area ranks in the lower half, indicating it is not among the metro’s stronger locations for safety.
Recent trend signals are mixed: estimated property offense rates show a slight year-over-year improvement, while estimated violent offense rates have increased. Investors typically address this by emphasizing on-site lighting, access control, and resident engagement, and by calibrating underwriting assumptions for marketing and security-related operating expenses.
Proximity to major Dallas employers supports a steady commuter tenant base and can aid retention. Nearby anchors include D.R. Horton, Dean Foods, Builders FirstSource, Jacobs Engineering Group, and AT&T.
- D.R. Horton — homebuilding (8.2 miles)
- Dean Foods — food & beverage (9.0 miles) — HQ
- Builders FirstSource — building materials (9.2 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (9.3 miles) — HQ
- AT&T — telecommunications (9.4 miles) — HQ
This 52-unit asset offers exposure to a renter-heavy pocket of the Dallas-Plano-Irving metro with neighborhood occupancy in the low-90s. According to CRE market data from WDSuite, local restaurants, groceries, and parks compare favorably to national medians, supporting day-to-day convenience, while the 3-mile area shows recent population growth and an expanding household base that can enlarge the tenant pool. The 1983 vintage is slightly newer than the neighborhood average, suggesting competitive positioning versus older comparables, though investors should budget for targeted modernization to meet current renter expectations.
Looking ahead, 3-mile forecasts indicate continued increases in households and incomes through 2028, which can support rent durability. At the same time, a relatively moderate home-value environment implies some competition from entry-level ownership, and safety metrics trail metro and national medians—factors to incorporate into leasing strategy, concessions planning, and operating expense assumptions rather than reasons to avoid the submarket.
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability.
- Low-90s neighborhood occupancy and improving daily-need amenities underpin cash flow consistency.
- 3-mile population and household growth expand the renter pool, aiding retention and lease-up.
- 1983 vintage slightly newer than local average, with value-add via targeted modernization.
- Risks: below-median safety and accessible ownership options require prudent underwriting and proactive operations.