| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 E Burnett St, Ennis, TX, 75119, US |
| Region / Metro | Ennis |
| Year of Construction | 1997 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 E Burnett St, Ennis TX Multifamily Opportunity
Neighborhood occupancy has trended stable with solid renter demand in this inner-suburban pocket of Ennis, according to WDSuite’s CRE market data. Investors should view this as a steady, needs-based renter pool supported by improving incomes and practical access to daily amenities.
This Inner Suburb neighborhood in the Dallas–Plano–Irving metro carries a C+ rating and posts an occupancy level measured for the neighborhood, not the property, that is above the metro median among 1,108 neighborhoods. Renter concentration is meaningful (renter-occupied share in the upper national percentiles), which supports depth of tenant demand for an 80-unit asset in Ennis.
Amenity access is balanced for daily living: restaurant density is above the metro median (ranked 466 of 1,108), groceries are similarly above the metro median (522 of 1,108), and cafes are competitive among Dallas–Plano–Irving neighborhoods (257 of 1,108). Park access also ranks competitively (303 of 1,108). Childcare and pharmacy presence are limited in the immediate neighborhood, based on CRE market data from WDSuite, which may shift some errands and services to nearby submarkets.
Within a 3-mile radius, demographic data indicate a recent period of population and household softness, followed by a forecast for renewed growth and a sizable increase in households alongside smaller average household size. For multifamily, that trajectory points to a larger tenant base over the medium term and supports occupancy stability, even as household composition evolves.
Home values in this area are moderate in a national context, and current rent-to-income metrics suggest manageable affordability pressure. For investors, this combination can aid lease retention and measured pricing power, while acknowledging that more accessible ownership options in parts of Ellis County may create some competitive tension for higher-income renters.
Vintage matters: the asset’s 1997 construction is newer than the neighborhood’s average 1982 vintage. That typically improves competitive positioning versus older stock while still warranting capital planning for systems lifecycle and strategic interior renovations to capture value-add upside.
Comparable neighborhood crime rankings were not available in WDSuite’s dataset for this location. Investors should rely on multiple sources—city and county reports, recent trend reviews, and property-level incident logs—to contextualize safety and management needs. Framing risk at the neighborhood level rather than the block level helps align expectations with typical suburban Ellis County patterns without overgeneralizing conditions.
- State Farm Insurance — insurance operations (29.5 miles)
- AT&T — telecommunications corporate offices (33.0 miles) — HQ
- Builders FirstSource — building materials corporate offices (33.3 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (33.3 miles) — HQ
- Tenet Healthcare — healthcare services corporate offices (33.4 miles) — HQ
The investment case centers on stable neighborhood occupancy, a renter base with manageable rent-to-income levels, and a forecasted expansion in nearby households that can support leasing over the next cycle. The 1997 vintage offers a relative edge over older area stock, with potential to unlock value through targeted renovations and modernization of systems to strengthen competitive positioning.
According to CRE market data from WDSuite, local amenities are sufficient for daily needs, with restaurants, groceries, and parks ranking at or above metro medians, while childcare and pharmacy access are thinner and should be accounted for in resident experience planning. Forward-looking demographics within 3 miles point to renter pool expansion via household growth and smaller household sizes—conditions that generally support occupancy stability and disciplined rent strategies.
- Neighborhood occupancy measured at the area level is above the metro median, signaling steady leasing fundamentals.
- 1997 construction provides a competitive edge versus older stock, with clear value-add and systems-upgrade pathways.
- 3-mile demographics indicate a larger future tenant base as households grow and average household size declines.
- Amenity access (food, groceries, parks) supports resident livability and lease retention.
- Risks: thinner childcare/pharmacy access nearby and potential competition from ownership options; plan for targeted capex and resident services.