| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 32nd | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3610 Anthony Dr, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3610 Anthony Dr Mesquite Multifamily Investment Outlook
Neighborhood renter demand appears durable with occupancy near the national midpoint, according to WDSuite’s CRE market data, suggesting steady leasing fundamentals for a scaled 110-unit asset in Mesquite. A 1983 vintage points to value-add potential alongside day-one cash flow management.
The property sits within an Urban Core neighborhood of the Dallas–Plano–Irving metro (ranked 653 of 1,108), placing it around the metro middle on overall performance. Occupancy for the neighborhood is 91.6%, approximately around the national median, which supports baseline stability for collections and renewals. Renter-occupied share at the neighborhood level is 44.4% and ranks in a high national percentile, indicating a deeper tenant base than many areas and reinforcing demand for multifamily units.
Within a 3-mile radius, population and household counts have grown over the last five years and are projected to continue expanding, pointing to a larger tenant base over time. Household sizes are gradually edging smaller in the forecast, which can translate to more households seeking rental options and support for occupancy. Median household incomes have risen meaningfully in recent years, broadening the pool of renters who can qualify for professionally managed communities.
Amenity access is mixed but serviceable for workforce renters. The neighborhood rates strong for parks and groceries (both above national norms), while restaurant density trends above the national midpoint. Cafe and pharmacy density are thinner, so residents may rely on nearby submarkets for those needs. For investors, this mix typically supports retention while leaving room for on-site improvements—such as package, fitness, or common area upgrades—to differentiate the asset.
On costs and pricing power, neighborhood median contract rents trend modestly above the national midpoint, while the rent-to-income ratio sits near 0.20. In practice, that suggests manageable affordability pressure relative to many large metros—favorable for renewal conversations and steady rent growth management without overextending resident budgets.
Safety metrics should be evaluated with a comparative lens. This neighborhood ranks 791 out of 1,108 metro neighborhoods on crime—below the metro median—and sits in lower national safety percentiles. Violent and property offense rates track weaker than national norms, which warrants prudent asset management practices such as lighting, access control, and partnership with local safety initiatives.
Recent trends are mixed: estimated property offenses show a slight year-over-year decrease, while estimated violent offenses increased over the same period. For investors, this points to the importance of disciplined operations and targeted security improvements to support leasing and resident retention.
Proximity to major Dallas employers underpins commuter convenience and helps sustain multifamily demand, particularly for workforce and mid-skill roles. The following nearby corporate offices anchor the employment base referenced by renters in this submarket.
- Dean Foods — food & beverage (8.2 miles) — HQ
- Builders Firstsource — building materials (8.4 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (8.5 miles) — HQ
- AT&T — telecommunications (8.6 miles) — HQ
- D.R. Horton, America's Builder — homebuilding (8.7 miles)
3610 Anthony Dr offers scale at 110 units with neighborhood fundamentals that point to steady occupancy near national norms and an above-average renter concentration in the immediate area. Based on commercial real estate analysis from WDSuite, nearby parks and grocery access outperform national norms, while restaurants are reasonably accessible—supporting day-to-day livability that aids retention. The 1983 construction vintage suggests a viable value-add path via interiors, building systems, and common-area upgrades to improve competitive positioning against newer stock.
Demand tailwinds are reinforced by 3-mile demographics showing recent growth in population and households, with projections indicating continued expansion and a gradual shift toward smaller household sizes—tendencies that generally increase the renter pool. Coupled with a rent-to-income profile around 0.20 and proximity to multiple Dallas corporate employers, the asset is positioned for consistent leasing with measured pricing power, provided management stays disciplined on operations and resident experience.
- 110-unit scale in a renter-heavy submarket supports occupancy stability and operating efficiency.
- 1983 vintage enables value-add through interior, systems, and amenity upgrades.
- 3-mile population and household growth expand the tenant base and support renewals.
- Amenity access (parks, groceries, restaurants) aids retention and leasing velocity.
- Risks: below-median safety metrics and capex needs; mitigate via security, targeted renovations, and hands-on management.