| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 27th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3720 Oates Dr, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3720 Oates Dr, Mesquite TX Multifamily Investment
Neighborhood occupancy trends sit around the national median, and rents price above national levels, according to WDSuite’s CRE market data — positioning this Inner Suburb location for consistent renter demand as households expand nearby.
Located in Mesquite’s Inner Suburb fabric, the immediate neighborhood shows occupancy around the national median and steady renter demand supported by a renter-occupied share that is just over half within a 3-mile radius. This balance points to a sizable tenant base for multifamily while still allowing for lease-up strategies that target both value-conscious and convenience-driven renters.
Local amenities are mixed: restaurants are reasonably available compared with many areas across the U.S., while cafes, parks, and grocery options are thinner. By contrast, childcare and pharmacy access test well above national medians, which can aid day-to-day livability and resident retention. Average school ratings score above national medians as well, a positive for family renters and longer tenancy considerations.
Rent levels in the neighborhood benchmark above national medians (with recent years showing notable growth), indicating room for disciplined pricing strategies. Home values track below national midpoints, which can introduce some competition from ownership options; however, within a 3-mile radius, WDSuite indicates rising household counts and incomes through 2028, expanding the renter pool and supporting occupancy stability.
Relative to the Dallas–Plano–Irving metro, the neighborhood’s overall rank sits below the metro median among 1,108 neighborhoods, but several livability indicators — schools, childcare, and pharmacies — compare favorably versus national peers. For investors, this mix suggests stable demand with upside tied to property-level execution and targeted amenity enhancements.
Safety indicators benchmark below national averages, and the neighborhood ranks in the lower half within the Dallas–Plano–Irving metro (among 1,108 neighborhoods). Recent trend data show improvement in violent incidents, while property offenses remain elevated, so underwriting should account for continued security and lighting measures as part of asset operations.
For investors, the takeaway is comparative rather than block-specific: the area is less safe than many national peers today, but select indicators have been moving in a positive direction. Monitoring trend lines and coordinating with property management on prevention and resident engagement can help support retention and leasing performance.
Proximity to a diverse employment base — including homebuilding, food manufacturing, semiconductors, building materials, and energy infrastructure — supports commuter convenience and a wide renter catchment likely to sustain leasing demand.
- D.R. Horton — homebuilding (7.5 miles)
- Dean Foods — dairy/food manufacturing (7.9 miles) — HQ
- Texas Instruments South Campus — semiconductors (8.3 miles)
- Builders Firstsource — building materials (8.5 miles) — HQ
- Energy Transfer — energy pipeline & midstream (8.5 miles)
This Mesquite asset benefits from a solid renter base and rents that benchmark above national medians, while overall neighborhood occupancy trends sit near national levels. Within a 3-mile radius, WDSuite points to growing households and rising incomes through 2028, which supports a larger tenant base and potential for disciplined rent strategies without overextending affordability.
Balanced against these strengths are pragmatic considerations: safety metrics trail both metro and national peers, and the ownership market is relatively accessible, which can modestly compete with rental housing. Even so, proximity to major employers and steady neighborhood occupancy, as indicated by commercial real estate analysis using WDSuite’s datasets, suggest durable demand with operational upside from targeted upgrades and resident services.
- Rents above national median support pricing power with careful lease management
- 3-mile radius shows household and income growth through 2028, enlarging the renter pool
- Diverse nearby employers underpin commuter demand and retention potential
- Neighborhood occupancy near national levels supports consistent leasing
- Risks: safety metrics below averages and some competition from ownership options