| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 45th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4933 N Galloway Ave, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4933 N Galloway Ave Mesquite Multifamily Investment
Neighborhood occupancy sits around the national midpoint with a notably high share of renter-occupied housing, according to WDSuite’s CRE market data, pointing to a durable tenant base. Older 1983 vintage suggests potential value-add through targeted renovations and system updates to compete against newer stock.
This Inner Suburb location in Mesquite balances everyday convenience with stable renter demand. Neighborhood occupancy trends are near the national middle (top half locally), while renter concentration is high — a large share of housing units are renter-occupied — which supports depth of the tenant base and can aid leasing consistency.
Amenities skew practical rather than lifestyle. Grocery access is a relative strength (87th percentile nationally), and childcare density is also competitive, but cafes, parks, and pharmacies are limited. For investors, this mix favors workforce housing and price-sensitive renters over amenity-driven premiums.
Construction across the neighborhood skews newer than the subject (average around early 1990s). With a 1983 build, the property is older than nearby stock — implying capital planning for interiors, exteriors, and aging systems could unlock value and improve positioning against 1990s-era comparables.
Within a 3-mile radius, household counts have risen in recent years and are projected to expand materially over the next five years, indicating a larger tenant base and potential support for occupancy stability. While population was roughly flat to slightly down recently, forecasts call for growth alongside smaller average household sizes — dynamics that typically favor multifamily absorption. Elevated value-to-income levels in the neighborhood (upper national percentiles) indicate a high-cost ownership market relative to incomes, which tends to sustain rental demand and lease retention; this aligns with WDSuite-backed multifamily property research on renter reliance where ownership costs run high.
Compared with neighborhoods nationwide, safety indicators here benchmark below average (lower national percentiles reflect higher reported offense rates). Within the Dallas–Plano–Irving metro, the neighborhood places around the middle of the pack out of 1,108 neighborhoods, suggesting conditions that are neither among the metro’s strongest nor weakest.
Recent trend data is more encouraging: both property and violent offense rates show year-over-year declines, indicating momentum in the right direction. Investors should underwrite to current local policies and property-level security measures, and weigh these metro-relative and national comparisons when assessing tenant retention and operating risk.
Proximity to a diversified employment base supports renter demand and commute convenience, led by D.R. Horton, Texas Instruments, Dean Foods, Energy Transfer, and other corporate offices within an approximately 6–11 mile radius.
- D.R. Horton, America's Builder — corporate offices (5.99 miles)
- Texas Instruments South Campus — corporate offices (9.19 miles)
- Texas Instruments — corporate offices (9.41 miles) — HQ
- Dean Foods — corporate offices (9.60 miles) — HQ
- Energy Transfer — corporate offices (10.15 miles)
The investment case centers on stable neighborhood occupancy, a very high share of renter-occupied units, and proximity to large employment nodes that help sustain leasing. According to CRE market data from WDSuite, the area’s occupancy trends are around the national midpoint while renter concentration sits near the top nationally, indicating depth of tenant demand. Elevated ownership costs relative to incomes locally reinforce renter reliance on multifamily, supporting pricing power when paired with disciplined lease management.
The 1983 vintage is older than much of the nearby stock, creating a clear value-add pathway through renovations and system improvements to enhance competitiveness against 1990s-era assets. Within a 3-mile radius, households have been growing and are projected to expand meaningfully over the next five years, pointing to a larger renter pool and potential support for occupancy stability and retention.
- High renter-occupied share indicates deep tenant base and supports leasing stability.
- Workforce-oriented location with grocery and childcare access backing everyday demand drivers.
- 1983 vintage offers value-add potential via interiors, exteriors, and system upgrades.
- Household growth within 3 miles points to renter pool expansion and occupancy support.
- Risk: Safety benchmarks below national averages and limited lifestyle amenities warrant conservative underwriting and active property management.