| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1809 Baker Dr, Mesquite TX — Multifamily Investment Position
Neighborhood occupancy sits near the national median with solid everyday amenities, suggesting durable renter demand according to WDSuite’s CRE market data. Light value-add potential stems from a 1983 vintage that is newer than nearby stock yet still old enough for targeted upgrades.
Livability indicators show convenient daily needs coverage: parks are strong (top quartile nationally), groceries are well represented, and restaurants are competitive for the Dallas-Plano-Irving metro. Cafes and pharmacies are limited within the immediate neighborhood, which may slightly reduce walk-to offerings but does not materially diminish access to core services.
For investors evaluating demand stability, the neighborhoods occupancy rate trends around the national midpoint, while the renter-occupied share of housing units is in the mid-40s. That renter concentration points to a sizable tenant base without overreliance on any single segment. Median contract rents in the neighborhood sit above national medians, indicating pricing that remains competitive versus peer submarkets.
Demographic statistics aggregated within a 3-mile radius indicate population growth over the last five years and a 7% increase in households, expanding the near-term renter pool. Forward-looking projections suggest a notable increase in households by 2028 alongside a modest reduction in average household size, which typically supports unit absorption and lease-up velocity.
Home values in the neighborhood are lower than many coastal markets, and the local value-to-income and rent-to-income ratios imply manageable tenant affordability. This backdrop can support retention and reduce turnover risk, though a more accessible ownership market may introduce competition at certain price points. Overall neighborhood rating sits around the metro median, indicating competitive, though not top-tier, positioning among 1,108 metro neighborhoods.
Safety metrics are below national averages, placing the neighborhood behind stronger-performing Dallas-area peers. Recent trends are mixed: property offenses edged down year over year, while violent offenses increased, underscoring the importance of active onsite management and resident engagement. Compared with neighborhoods nationwide, the area does not rank in the top half for safety, so underwriting should incorporate prudent security and insurance assumptions.
Proximity to major Dallas corporate employers supports workforce housing fundamentals and commute convenience for residents. Nearby anchors include D.R. Horton, Dean Foods, Builders FirstSource, Jacobs Engineering Group, and AT&T5all within roughly 10 milesproviding a diversified white-collar employment base that can reinforce leasing stability.
- D.R. Horton corporate offices (8.2 miles)
- Dean Foods corporate offices (9.0 miles) HQ
- Builders Firstsource corporate offices (9.2 miles) HQ
- Jacobs Engineering Group corporate offices (9.3 miles) HQ
- AT&T corporate offices (9.4 miles) HQ
This 52-unit asset, built in 1983, is slightly newer than the neighborhoods average vintage, offering competitive positioning versus older stock while still presenting practical value-add opportunities (interiors, common areas, systems modernization). According to commercial real estate analysis from WDSuite, the surrounding neighborhoods occupancy is near national medians and median rents trend above national levels, supported by a balanced renter base and access to everyday amenities.
Within a 3-mile radius, recent population growth and a 7% rise in households expand the tenant base, and projections point to meaningful household gains by 2028 that can support absorption and occupancy stability. The local rent-to-income context suggests manageable affordability, supporting retention, while proximity to major Dallas employers strengthens leasing fundamentals. Key risks include below-average safety metrics and potential competition from an accessible ownership market; underwriting should account for security measures, insurance costs, and disciplined rent setting.
- 1983 vintage offers light value-add potential versus older neighborhood stock
- Neighborhood occupancy near national medians with rents above national levels supports pricing resiliency
- 3-mile radius shows household growth and projected renter pool expansion through 2028
- Commute access to major Dallas employers underpins leasing stability
- Risks: below-average safety metrics and ownership competition warrant conservative underwriting