| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 52nd | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5301 Lakeview Pkwy, Rowlett, TX, 75088, US |
| Region / Metro | Rowlett |
| Year of Construction | 1976 |
| Units | 70 |
| Transaction Date | 2011-12-22 |
| Transaction Price | $1,360,000 |
| Buyer | AC LAKESHORE VILLA LLC |
| Seller | LAKESHORE VILLA LTD |
5301 Lakeview Pkwy Rowlett TX Multifamily Investment
Neighborhood occupancy is exceptionally tight, supporting stable renter demand in this suburban Dallas submarket, according to CRE market data from WDSuite. Metrics cited here reflect neighborhood conditions rather than the property and suggest durable leasing fundamentals amid steady household growth.
Rowlett’s suburban location within the Dallas–Plano–Irving metro offers a balanced demand profile for workforce and middle-income renters. The neighborhood posts a top-ranked occupancy level among 1,108 metro neighborhoods, signaling limited available units and supportive leasing conditions based on WDSuite’s CRE market data. Local restaurant density tracks in the top quartile nationally, while groceries and pharmacies are above average; parks and cafes are sparse, so day-to-day convenience is solid but not lifestyle-driven.
The 3-mile radius around the address shows recent population growth and an even faster increase in households, expanding the potential tenant base. Projections point to continued household expansion and a rising renter share over the next several years, which supports occupancy stability and future leasing depth. Neighborhood-level renter-occupied housing is roughly one-quarter of units today, and within 3 miles it is closer to one-fifth; this owner-leaning mix can temper turnover and provide a steady but selective pool of renters.
Median household incomes in the neighborhood rank in the top quartile nationally, while home values sit modestly above national norms. That combination tends to sustain rental demand: elevated ownership costs for the area, together with higher incomes, can support retention and measured pricing power without overextending rent-to-income ratios.
Construction in the immediate neighborhood skews newer (average 1995), while the subject asset’s 1976 vintage is older. For investors, that typically implies capital planning for building systems and common areas, but it can also create value-add opportunity to close the amenities and finishes gap versus newer competitive stock.
School ratings average below national medians, which may reduce appeal for some family renters but does not preclude strong workforce-oriented demand given the area’s employment access and household income profile. Overall, the neighborhood sits above the metro median in its composite rank (385th of 1,108), making it competitive among Dallas–Plano–Irving neighborhoods for multifamily fundamentals.
Relative to the Dallas–Plano–Irving metro, the neighborhood’s crime rank sits above the metro median (546th of 1,108, where lower ranks indicate more incidents). Nationally, safety trends place the area below the median (around the 38th percentile), so investors should underwrite prudent security and operating practices.
Recent year-over-year data indicate improvement: violent offense rates are trending down, and property offenses have eased as well, according to WDSuite’s CRE market data. While block-level variability always exists, the directional trend is favorable and should be considered alongside the area’s strong occupancy and income profile.
The address benefits from proximity to a diversified employment base that supports renter demand and commute convenience, including D.R. Horton, Avnet Electronics, Thermo Fisher Scientific, General Dynamics, and Raytheon.
- D.R. Horton — homebuilding offices (1.4 miles)
- Avnet Electronics — electronics distribution (8.9 miles)
- Thermo Fisher Scientific — life sciences manufacturing & services (9.6 miles)
- General Dynamics — defense & aerospace offices (10.0 miles)
- Raytheon — defense & aerospace offices (10.3 miles)
This 70-unit, 1976-vintage asset is positioned in a suburban Dallas neighborhood with exceptionally tight neighborhood-level occupancy and a growing 3-mile renter pool. Household gains outpacing population growth suggest more renters entering the market, supporting lease-up and retention. Income levels are comparatively strong, and ownership costs are elevated for the area, which can reinforce reliance on multifamily housing and support measured rent growth, based on CRE market data from WDSuite.
The older vintage relative to the neighborhood’s newer stock points to targeted capital planning and value-add potential to enhance competitiveness against 1990s-and-newer assets. While safety scores trail national medians and school ratings are soft, the employment base and demand fundamentals provide a constructive backdrop for long-term operations if underwriting includes appropriate reserves and asset management focus.
- Tight neighborhood occupancy and expanding 3-mile renter pool support leasing stability
- Strong local incomes and elevated ownership costs sustain multifamily demand and retention
- 1976 vintage offers clear value-add pathway versus newer competitive stock
- Proximity to diversified employers underpins steady workforce housing demand
- Risks: below-median national safety metrics and lower school ratings warrant prudent underwriting