| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 45th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4815 N Galloway Ave, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 2003 |
| Units | 54 |
| Transaction Date | 2006-12-01 |
| Transaction Price | $16,150,000 |
| Buyer | LANDMARK AT LAUREL HEIGHTS LLC |
| Seller | LANDMARK HIGHLANDS AT GALLOWAY LP |
4815 N Galloway Ave Mesquite Multifamily Investment
Neighborhood occupancy in the low-90s and a high share of renter-occupied units point to a deep tenant base, according to WDSuite’s CRE market data. Positioning benefits from steady renter demand while remaining sensitive to affordability and retention dynamics.
This Inner Suburb of the Dallas–Plano–Irving metro scores B- overall and sits just above the metro median on amenity access (ranked 495 among 1,108 metro neighborhoods). Grocery options are a relative strength (top quartile access by density), while restaurants are reasonably available; cafés, parks, and pharmacies are limited within the immediate neighborhood, suggesting residents rely on nearby corridors for some daily conveniences.
For multifamily fundamentals, neighborhood occupancy trends around the national median, with modest softening over the last five years. Importantly for demand depth, the renter-occupied share of housing units is high (ranked 106 out of 1,108 metro neighborhoods), indicating a large pool of renters that can support leasing and renewals. Median contract rents are in the mid-market range for the metro, providing room for revenue strategies calibrated to local affordability.
The property’s 2003 vintage is newer than the neighborhood’s average construction year (1993). That relative youth supports competitive positioning versus older stock, though investors should plan for selective modernization and systems updates typical of early-2000s assets to sustain rent attainment and retention.
Demographic statistics aggregated within a 3-mile radius indicate households have grown recently even as population was roughly flat, expanding the addressable tenant base. Looking ahead, forecasts point to increases in both population and households by the middle of the decade, implying a larger renter pool that can support occupancy stability and measured rent growth, based on CRE market data from WDSuite.
On the cost-to-own side, home values sit in a high-cost ownership context relative to incomes (value-to-income ratio in a high national percentile). This dynamic tends to sustain reliance on rental housing and can aid lease-up and pricing power, though it also warrants active lease management to balance rent-to-income pressure and retention risk.
Safety indicators for the neighborhood trend below national medians, with ranks placing it weaker than many Dallas–Plano–Irving peers. Nationally, the area sits in lower percentiles for violent and property offenses, signaling elevated incident volumes compared with typical U.S. neighborhoods.
Recent momentum is mixed but improving: year-over-year estimates show declines in both property and violent offenses. While this does not place the neighborhood among top quartile nationally, it suggests directional improvement. Investors should underwrite operational measures (lighting, access control, partnerships with local patrols) and monitor submarket trends rather than relying on block-level assumptions.
Nearby corporate nodes broaden the renter base and support commute convenience, led by D.R. Horton, multiple Texas Instruments facilities, Dean Foods, and Builders FirstSource. These employers underpin leasing stability for workforce and professional tenants within a short drive.
- D.R. Horton, America's Builder — corporate offices (5.9 miles)
- Texas Instruments South Campus — corporate offices (9.3 miles)
- Texas Instruments — corporate offices (9.5 miles) — HQ
- Dean Foods — corporate offices (9.7 miles) — HQ
- Builders Firstsource — corporate offices (10.2 miles) — HQ
4815 N Galloway Ave offers a 2003-vintage, 54-unit footprint positioned in a renter-heavy neighborhood where occupancy trends sit near national norms. The high renter-occupied share supports leasing depth, while grocery and restaurant access anchor daily convenience even as park and café options remain limited. According to multifamily property research from WDSuite, the local ownership landscape skews high-cost relative to incomes, which can reinforce rental demand and aid pricing power when paired with disciplined lease management.
Forward-looking demographics within a 3-mile radius indicate growth in households and projected population expansion through mid-decade, suggesting a larger tenant base and healthy renewal prospects. Given the early-2000s vintage, investors can pursue targeted value-add and systems upgrades to enhance competitiveness versus older stock while keeping an eye on affordability pressure to protect retention.
- Newer-than-neighborhood stock (2003) supports competitive positioning with selective modernization upside.
- High renter-occupied share indicates depth of tenant demand and supports occupancy stability.
- Household growth and projected population gains within 3 miles expand the renter pool.
- Elevated cost-to-own context can sustain rental demand and measured pricing power.
- Risks: below-median safety metrics and rent-to-income pressure require active operations and renewal strategy.