| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 45th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4921 N Galloway Ave, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4921 N Galloway Ave Mesquite Multifamily Investment
Positioned in an inner-suburban pocket of Dallas–Fort Worth, the asset benefits from steady neighborhood occupancy and a deep renter pool, according to WDSuite’s CRE market data. Proximity to daily-needs retail supports leasing consistency while pricing should be managed with income-sensitive renters in mind.
This Mesquite location functions as an inner suburb with solid everyday convenience: grocery access scores well among Dallas–Plano–Irving neighborhoods, while cafes, parks, and pharmacies are comparatively sparse. For investors, that mix points to practical livability that supports workforce housing demand more than lifestyle-driven premiums, a useful context for commercial real estate analysis.
Neighborhood occupancy trends sit near national mid-range, and area rents have grown over the last several years, per WDSuite. Within a 3-mile radius, households have increased despite a modest recent dip in population, and projections indicate further population growth and a notable increase in households through 2028—conditions that generally expand the tenant base and can support occupancy stability.
Tenure patterns within a 3-mile radius show roughly half of housing units are renter-occupied, indicating a sizable renter concentration that supports leasing depth for multifamily product. However, rent-to-income levels in the neighborhood run elevated, suggesting affordability pressure; investors should calibrate rent growth and renewal strategies to preserve retention.
Home values in the neighborhood are relatively high compared with local incomes (value-to-income ratios trend elevated nationally), reinforcing reliance on rental housing and supporting ongoing renter demand. Grocery density and access to regional employment nodes via Dallas freeways underpin day-to-day convenience, but limited park and cafe density may cap premium amenity-driven rent pushes.
The property’s 1983 vintage is older than the neighborhood’s average construction year in the early 1990s. That age profile implies near- to medium-term capital planning for systems and interiors, with potential value-add or repositioning upside against older competitive stock.
Safety indicators for the neighborhood track below national averages, with both violent and property offense rates positioned in lower national percentiles. Within the Dallas–Plano–Irving metro, the neighborhood ranks below the metro median for safety when compared against 1,108 neighborhoods. Year over year, WDSuite data shows declines in both violent and property offense rates, suggesting gradual improvement, but underwriting should incorporate perception and security measures appropriate for the submarket.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience. Key employers within a practical drive include D.R. Horton, Texas Instruments, Dean Foods, Energy Transfer, and Jacobs, which can help sustain leasing and retention.
- D.R. Horton, America's Builder — corporate offices (5.96 miles)
- Texas Instruments South Campus — corporate offices (9.16 miles)
- Texas Instruments — corporate offices (9.38 miles) — HQ
- Dean Foods — corporate offices (9.61 miles) — HQ
- Energy Transfer — corporate offices (10.16 miles)
4921 N Galloway Ave offers exposure to a renter-driven, inner-suburban pocket of Dallas–Fort Worth with practical retail connectivity and access to major employment nodes. The neighborhood shows stable occupancy and a sizable renter base, while projections within a 3-mile radius indicate population growth and a meaningful increase in households—conditions that typically support a larger tenant base and steadier leasing. Based on CRE market data from WDSuite, rent-to-income levels warrant prudent rent setting and renewal management to sustain retention.
The 1983 vintage suggests near-term capital planning and potential value-add, especially against early-1990s neighborhood stock. Elevated ownership costs relative to incomes reinforce rental reliance, which can underpin demand even as affordability pressure requires disciplined expense control and pricing strategy. Overall, the thesis centers on workforce demand, operational execution, and selective upgrades to capture durable returns without relying on outsized rent growth.
- Inner-suburban location with grocery access and major employers supporting steady renter demand
- Household and population growth within 3 miles expand the tenant base and support occupancy
- 1983 vintage provides value-add and modernization potential with targeted CapEx
- Elevated ownership costs versus incomes reinforce reliance on rentals, aiding leasing stability
- Risks: income-sensitive renters (high rent-to-income) and neighborhood safety perception call for cautious pricing and security measures