| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 9th | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2106 N Highway 175, Seagoville, TX, 75159, US |
| Region / Metro | Seagoville |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | 2017-09-22 |
| Transaction Price | $8,250,000 |
| Buyer | SEAGOVILLE CP LLC |
| Seller | ROUND HILL LIMITED PARTNERSHIP |
2106 N Highway 175, Seagoville TX Multifamily Investment
Neighborhood occupancy is currently strong and renter affordability is relatively manageable, according to WDSuite’s CRE market data, supporting stable demand for a 112-unit asset in a suburban Dallas setting.
Seagoville sits on the southeastern edge of the Dallas-Plano-Irving metro, offering a primarily suburban, auto-oriented living pattern. Neighborhood retail and dining density is thin, while park access tests above many areas nationally, which can appeal to value-minded renters seeking space over proximity to urban amenities. School ratings in the surrounding area skew lower, so owners should focus on on-site experience and resident services as competitive levers rather than relying on neighborhood schools.
At the neighborhood level, occupancy trends are a core strength: the area ranks 1 out of 1,108 metro neighborhoods for occupancy, indicating extremely tight housing conditions in this submarket. This statistic reflects neighborhood occupancy, not the property, but it generally supports lease-up stability and reduces downtime risk when units turn.
Tenure data indicates a renter-occupied share around the lower third locally, pointing to a predominantly owner-occupied area with a thinner but steady multifamily renter base. For investors, that dynamic can translate into less transient renter cohorts and stable renewal potential, though it may limit the depth of prospects compared with more renter-heavy Dallas submarkets.
Within a 3-mile radius, recent population and household counts have been expanding, and projections indicate additional growth ahead. Rising household incomes and forecast rent levels suggest room for measured rent increases over time while maintaining attainable positioning; investors should calibrate pricing to preserve retention and sustain occupancy stability.
Safety indicators are mixed but improving in certain categories. Compared with neighborhoods nationwide, the area sits slightly above the national midpoint for overall safety. Within the region, the neighborhood’s rank places it around the middle of Dallas-area submarkets, signaling typical suburban risk rather than a pronounced outlier.
Property crime has shown a sharp year-over-year decline, according to WDSuite’s data, which is a constructive trend for resident perception and retention. Violent-offense measures track closer to national midrange levels. As always, evaluate recent, address-level history and management practices; neighborhood figures are directional and compare the area against 1,108 metro neighborhoods.
Proximity to major Dallas employment nodes supports commuter demand from a broad service and corporate workforce, with several headquarters within roughly 16–17 miles that can underpin leasing stability for workforce and mid-income renters.
- D.R. Horton, Americas Builder — homebuilding (16.0 miles)
- AT&T — telecom HQ/corporate (16.0 miles) — HQ
- Builders Firstsource — building materials (16.1 miles) — HQ
- Jacobs Engineering Group — engineering services (16.1 miles) — HQ
- Tenet Healthcare — healthcare services (16.4 miles) — HQ
The asset’s suburban Dallas location benefits from a tight neighborhood housing market and rising 3-mile household incomes, supporting occupancy stability and measured pricing power. Based on CRE market data from WDSuite, neighborhood occupancy sits at the top of the metro distribution, while rent-to-income levels indicate manageable affordability that can sustain renewals if rent steps are paced thoughtfully.
Built in 1987, the property likely trails newer Class A competitors on finishes and systems but offers clear value-add and modernization avenues. Expected population and household growth within 3 miles points to a larger tenant base over the next several years, while relatively accessible ownership costs nearby mean underwriting should account for some competition from entry-level for-sale housing. Execution emphasis should be on operational consistency, targeted upgrades, and retention-focused lease management.
- Neighborhood occupancy is exceptionally tight, supporting leasing stability relative to many Dallas submarkets.
- 3-mile population and household growth expands the tenant base and supports sustained demand.
- 1987 vintage offers value-add potential through unit/interior upgrades and targeted system refreshes.
- Affordability appears manageable, aiding renewal probability when rent growth is calibrated to incomes.
- Risks: thinner renter concentration in a more owner-leaning area and mixed safety signals require conservative underwriting and proactive management.