| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 63rd | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 E Polk St, Richardson, TX, 75081, US |
| Region / Metro | Richardson |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 E Polk St Richardson TX Multifamily Opportunity
Neighborhood multifamily occupancy is high and has strengthened over the past five years, supporting stable renter demand according to WDSuite’s CRE market data. Metrics cited below reflect the surrounding neighborhood rather than the property itself.
Positioned in an Inner Suburb of the Dallas-Plano-Irving metro, the neighborhood carrying 330 E Polk St ranks in the top quartile among 1,108 metro neighborhoods, signaling balanced fundamentals and consistent renter interest. Occupancy in the neighborhood sits above the metro median, a positive indicator for lease stability and renewal potential.
Livability drivers are strong. Restaurants and groceries are plentiful relative to national norms, and cafe density tracks near the top of national comparisons. Public school ratings sit in the top decile nationally, and the area’s education profile is competitive among metro peers — both factors that can support longer tenancies for family-oriented renters.
Within a 3-mile radius, household counts are projected to rise even as average household size trends lower, implying more households drawing on the same housing stock. That dynamic typically expands the renter pool and supports occupancy stability, especially for well-maintained, mid-scale multifamily assets.
Tenure patterns indicate a mixed market: the neighborhood’s share of renter-occupied units is moderate, while the broader 3-mile radius shows a higher renter concentration. For investors, this suggests a deep tenant base that can sustain absorption while still allowing for resident retention through service quality and pragmatic pricing.
Home values in the neighborhood are elevated versus national medians but not extreme for the Dallas region. Combined with a favorable rent-to-income profile at the neighborhood level, this context supports manageable affordability pressure — a backdrop that can aid pricing power without materially increasing turnover risk.
Comparable safety metrics for this neighborhood are not available in the current WDSuite release. Investors typically benchmark neighborhood conditions against city and submarket trends and supplement with local due diligence (e.g., police reports and property-level incident history) to understand risk and its implications for leasing and insurance.
Nearby corporate offices in life sciences, defense, and semiconductors underpin a diverse employment base and convenient commutes for renters. The list below highlights major employers within an approximate five-mile radius that support leasing depth and weekday occupancy.
- Thermo Fisher Scientific — life sciences (2.0 miles)
- General Dynamics — defense (2.3 miles)
- Texas Instruments South Campus — semiconductors (2.8 miles)
- Texas Instruments — semiconductors (3.1 miles) — HQ
- Raytheon — defense & aerospace offices (4.4 miles)
At 30 units in Richardson, this asset benefits from neighborhood fundamentals that have trended favorably: occupancy is above the metro median and has improved over multiple years, while amenity access and school quality are competitive nationally. According to CRE market data from WDSuite, rent-to-income levels at the neighborhood scale remain manageable, suggesting room for disciplined rent optimization without outsized retention risk.
Within a 3-mile radius, projections point to more households even as population edges lower — an indicator of smaller household sizes and a broader renter base. Coupled with elevated but regionally typical ownership costs, the backdrop supports steady demand for well-managed, mid-scale multifamily product in this Inner Suburb location.
- Neighborhood occupancy above metro median supports leasing stability
- Strong amenity access and top-tier school ratings aid retention
- 3-mile outlook shows more households and a larger renter pool
- Favorable rent-to-income context allows measured pricing power
- Risks: localized population softening and limited nearby pharmacy options warrant underwriting buffers