| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 52nd | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5501 Lakeview Pkwy, Rowlett, TX, 75088, US |
| Region / Metro | Rowlett |
| Year of Construction | 2000 |
| Units | 96 |
| Transaction Date | 2017-02-01 |
| Transaction Price | $12,525,000 |
| Buyer | 2016 DFW Investment 6, LLC |
| Seller | Lakeview Parkview Partners LP |
5501 Lakeview Pkwy, Rowlett TX — 96-Unit Suburban Multifamily
Neighborhood occupancy has been exceptionally tight and renter demand is supported by strong household incomes, according to WDSuite’s CRE market data. This location offers suburban stability with room for value-add through selective modernization.
Set in a suburban pocket of Rowlett within the Dallas–Plano–Irving metro, the neighborhood earns a B+ rating and ranks 385 out of 1,108 metro neighborhoods, which is competitive among Dallas–Plano–Irving neighborhoods. Restaurants and daily-needs access are solid (restaurant density sits in the upper tier locally), while childcare and pharmacy options track above national midpoints; parks and cafes are thinner nearby, which investors should consider for resident lifestyle positioning.
For multifamily property research, neighborhood rents have trended upward over the past five years and the area’s occupancy has been at the top of the metro cohort. Note this is measured at the neighborhood level, not the property. The renter-occupied share locally is moderate, suggesting a meaningful tenant base without oversaturation, and the 3‑mile radius shows household counts rising, which supports leasing depth and renewal potential.
Home values in the area are elevated versus many U.S. neighborhoods (national percentile in the mid‑60s), and the value‑to‑income profile ranks higher than much of the country, indicating a high‑cost ownership market that can sustain reliance on rental housing. At the same time, the neighborhood rent‑to‑income ratio tracks on the lower side nationally, which supports retention and steady occupancy.
Construction vintages in this area skew slightly older than the subject’s 2000 delivery, giving a competitive edge versus 1990s stock; investors can still plan for targeted system upgrades or common‑area refreshes to sharpen positioning. Average school ratings trail national medians, which may temper appeal for some family renters, but proximity to employment hubs and suburban conveniences underpins demand.
Neighborhood safety indicators sit around the metro middle, with national comparisons signaling below‑average safety relative to U.S. neighborhoods overall. Recent trend data shows year‑over‑year declines in both violent and property offenses, indicating gradual improvement, though investors should maintain standard security and lighting plans and reflect risk in underwriting.
Proximity to diversified employers supports renter demand and commute convenience, notably homebuilding, electronics distribution, life sciences, and defense contractors cited below.
- D.R. Horton, America's Builder — homebuilding (1.37 miles)
- Avnet Electronics — electronics distribution (8.95 miles)
- Thermo Fisher Scientific — life sciences (9.66 miles)
- General Dynamics — defense & aerospace offices (10.08 miles)
- Raytheon — defense (10.40 miles)
This 96‑unit asset (built 2000, average unit size ~846 sq. ft.) sits in a suburban Rowlett neighborhood with tight occupancy and steady rent growth at the neighborhood level, per commercial real estate analysis from WDSuite. The surrounding 3‑mile radius shows population and household growth over recent years, reinforcing a larger tenant base and helping support leasing stability.
Relative to older 1990s stock nearby, the 2000 vintage offers competitive positioning while leaving room for focused upgrades to enhance NOI through renewals and selective premium capture. Elevated ownership costs locally reinforce renter reliance on multifamily, and proximity to diversified employers provides a consistent source of demand. Primary risks include below‑average school ratings, thinner parks/cafe amenities, and safety that trends below national norms, which should be addressed through management, amenity programming, and underwriting.
- Tight neighborhood occupancy supports leasing stability and renewal potential
- 2000 vintage is competitive versus older local stock with value‑add upgrade runway
- 3‑mile population and household growth expands the renter pool and supports demand
- Elevated ownership costs locally sustain renter reliance and pricing power
- Risks: below‑average school ratings, fewer parks/cafes, and safety below national norms