| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1721 S Interstate Highway 35 E, Waxahachie, TX, 75165, US |
| Region / Metro | Waxahachie |
| Year of Construction | 2001 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1721 S Interstate Highway 35 E, Waxahachie TX Multifamily Investment
Neighborhood occupancy has been resilient and sits above the metro median, supporting lease stability for well-managed assets, according to WDSuite’s CRE market data. With a solid renter-occupied share locally, the submarket offers a durable tenant base relative to ownership alternatives.
Situated in Waxahachie within the Dallas–Plano–Irving metro, the neighborhood scores in the top quartile among 1,108 metro neighborhoods for overall amenities, with strong access to restaurants, groceries, and cafes. Average school ratings trend slightly above national medians, which can aid family retention and longer tenures. A limited pharmacy presence is a minor convenience gap to factor into resident services.
Neighborhood occupancy is above the metro median and in the 73rd percentile nationally, indicating steady demand for units and supporting rent collections in typical cycles. The share of housing units that are renter-occupied ranks in the top quartile among 1,108 metro neighborhoods, signaling depth in the tenant pool and reinforcing leasing velocity for competitively positioned properties.
The property’s 2001 construction skews newer than the neighborhood’s older housing stock (average vintage mid‑1950s). Newer assets generally compete well versus aging inventory and may require targeted capital for systems modernization or repositioning rather than full-scope rehabilitation, which can support more efficient value-add plans.
Within a 3‑mile radius, households have inched higher even as population has been roughly flat in recent years, suggesting smaller household sizes and steady housing demand. Looking ahead, forecasts show notable population and household growth by 2028, which would expand the local renter pool and support occupancy stability. Rising incomes in the 3‑mile area also point to potential for sustained pricing power, though relatively more accessible ownership costs in parts of Ellis County can create competition for some renter cohorts.
Safety indicators are mixed in comparative terms. The neighborhood rates around the 59th percentile nationally for overall crime safety, and violent offense levels benchmark stronger at about the 83rd percentile, indicating comparatively favorable conditions versus many U.S. neighborhoods.
Property offense metrics are particularly strong, at roughly the 97th percentile nationally, and the latest year shows a modest improvement. However, a recent year‑over‑year uptick in violent offense rates suggests volatility that investors should monitor with updated local data and management practices. Relative positioning within the Dallas–Plano–Irving metro remains competitive, but underwriting should incorporate prudent security and community‑engagement measures.
Regional employment is anchored by large corporate headquarters and offices within commuting range, supporting renter demand through a diverse base in telecom, healthcare, engineering, building materials, and energy.
- AT&T — telecom (27.1 miles) — HQ
- Tenet Healthcare — healthcare services (27.5 miles) — HQ
- Jacobs Engineering Group — engineering (27.5 miles) — HQ
- Builders Firstsource — building materials (27.6 miles) — HQ
- Hollyfrontier — energy (28.1 miles) — HQ
This 2001‑vintage, 120‑unit asset sits in a neighborhood with occupancy above the metro median and in the 73rd percentile nationally, supporting stable cash flow potential. The local renter-occupied share ranks in the top quartile among 1,108 metro neighborhoods, indicating depth in the tenant base and healthy leasing fundamentals for competitively positioned units. According to CRE market data from WDSuite, amenities and schools benchmark modestly above national averages, which can aid retention.
Within a 3‑mile radius, forecast growth in population and households through 2028 expands the prospective renter pool and underpins demand. Newer vintage relative to the area’s older stock enhances competitive positioning, with capital planning likely centered on targeted modernization rather than heavy rehabilitation. Counterpoints include a gradual tilt toward ownership in the 3‑mile outlook and recent volatility in violent offense trends—both manageable with disciplined underwriting, service-forward management, and careful rent positioning.
- Occupancy above metro median supports leasing stability and collections
- Strong renter-occupied share signals depth of tenant demand
- 2001 construction competes well versus older neighborhood stock, with targeted capex needs
- 3‑mile forecasts indicate expanding renter pool and rising incomes, aiding pricing power
- Risks: potential shift toward ownership and recent violent offense volatility warrant conservative underwriting