| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 54th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 880 I-30, Mesquite, TX, 75150, US |
| Region / Metro | Mesquite |
| Year of Construction | 1983 |
| Units | 110 |
| Transaction Date | 2019-05-28 |
| Transaction Price | $13,968,800 |
| Buyer | 930 HILLS OF PALOS VERDES LLC |
| Seller | MDH REALTY INVESTMENT LLC |
880 I-30, Mesquite TX Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and strong daily-needs access, this asset offers durable occupancy potential according to WDSuite’s CRE market data.
This inner-suburban location in Mesquite benefits from strong daily-needs coverage, with grocery and pharmacy access performing in the top tier nationally, while restaurants are above average. Park space and cafes are comparatively limited, so on-site amenities and programming can help round out resident experience.
School quality in the neighborhood tests modestly above national norms (average rating trending above the median), which can support family-oriented renter demand. Neighborhood occupancy has held around the low 90s with a slight upward trend over the past five years, indicating generally stable leasing conditions relative to broader metro patterns, based on WDSuite’s CRE market data.
Vintage matters for capital planning: built in 1983, the property is slightly older than the neighborhood’s average construction year. That profile can position a value-add strategy—targeted interior updates and system modernization—to compete effectively against newer nearby stock.
Within a 3-mile radius, roughly half of housing units are renter-occupied, providing a broad tenant base and supporting depth of demand for multifamily. Population and household counts have grown over the last five years, and projections indicate further increases in households alongside smaller average household sizes—factors that can expand the renter pool and support occupancy stability.
Homeownership costs in the neighborhood sit in a mid-range context, and rent-to-income levels are also near national medians. For investors, this combination points to manageable affordability pressure, which can aid resident retention while leaving room for measured rent growth tied to renovations and service upgrades.
Safety readings for the neighborhood trend below metro medians, with crime ranking in the lower half among 1,108 Dallas–Plano–Irving neighborhoods. Compared with neighborhoods nationwide, violent and property offense rates sit in lower national percentiles, signaling that safety is a consideration for leasing and asset management.
That said, recent trends show improvement in property offenses year over year, suggesting some momentum in the right direction. Operators should emphasize lighting, access controls, and community engagement to support resident confidence and retention while monitoring conditions as part of ongoing risk management.
Nearby corporate offices anchor a diverse employment base that supports renter demand and commute convenience, including D.R. Horton, Texas Instruments (both the South Campus and HQ), Thermo Fisher Scientific, and Dean Foods.
- D.R. Horton — homebuilding offices (4.7 miles)
- Texas Instruments South Campus — semiconductors (10.1 miles)
- Texas Instruments — semiconductors (10.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (10.6 miles)
- Dean Foods — dairy & food (11.1 miles) — HQ
At 880 I-30, the 1983 vintage and inner-suburban setting create a clear value-add and operational execution story. Daily-needs coverage is strong, restaurants are above average, and schools test slightly above national norms—factors that help sustain family and workforce renter demand. According to CRE market data from WDSuite, neighborhood occupancy has trended steady in the low 90s, while rent and ownership costs register near mid-range levels, supporting retention with prudent lease management.
Demographics aggregated within a 3-mile radius show growth in population and households, with projections for further increases and smaller average household sizes—signals of a larger tenant base and continued demand for rental housing. Proximity to a diverse set of employers across manufacturing, technology, and food industries underpins leasing stability, while the older vintage offers renovation upside to drive rent premiums relative to nearby stock.
- Steady neighborhood occupancy and mid-range rent-to-income support durable cash flow potential
- 1983 vintage positions value-add upgrades and system modernization for competitive differentiation
- Strong daily-needs access and above-average schools reinforce family and workforce renter demand
- Employer proximity across homebuilding, semiconductors, and life sciences supports leasing stability
- Risk: safety metrics trail metro medians; active security, lighting, and community initiatives advised