| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 41st | Fair |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Maple St, Commerce, TX, 75428, US |
| Region / Metro | Commerce |
| Year of Construction | 1999 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Maple St, Commerce TX — 44-Unit 1999 Multifamily
Steady renter demand and improving neighborhood occupancy trends suggest durable income potential, according to WDSuite’s CRE market data. A 1999 vintage positions the asset competitively versus older local stock while leaving room for targeted modernization.
Located in suburban Commerce within the Dallas–Plano–Irving metro, the neighborhood carries a C- rating and ranks 1,012 out of 1,108 metro neighborhoods. That places it below the metro median, but recent occupancy gains in the neighborhood indicate stabilization that supports cash flow management for workforce-oriented multifamily.
The property’s 1999 construction is newer than the neighborhood’s average vintage of 1974. Newer physical plant typically enhances competitiveness against older assets, though investors should still underwrite for system updates and selective unit and common-area refreshes to support leasing velocity and retention.
Renter-occupied housing makes up 43.3% of neighborhood units, pointing to a meaningful renter base; within a 3-mile radius, the renter concentration is higher, reinforcing depth of demand for multifamily. Neighborhood rents trend below metro levels, which can aid absorption and retention, while the rent-to-income profile suggests manageable affordability from a lease management standpoint.
Local amenity density is modest (amenities rank 813 of 1,108, below metro median) and average school ratings trail metro norms, which may limit appeal to some family renters. However, grocery and restaurant access sits near national midrange percentiles, and the neighborhood’s occupancy level has risen over the past five years, according to WDSuite’s commercial real estate analysis.
Safety conditions are competitive among Dallas–Plano–Irving neighborhoods, with the area’s crime rank in the top quartile among 1,108 metro neighborhoods. Nationally, the neighborhood sits modestly above midrange safety percentiles, indicating relative stability compared with many U.S. neighborhoods.
WDSuite’s data also shows an uptick in recent violent-offense estimates despite stronger national-percentile positioning on core safety metrics. Investors should monitor year-over-year trends and property-level measures, using market comps and loss history to calibrate insurance and security assumptions.
Regional employment access supports renter demand through commutable corridors to defense and aerospace offices.
- Raytheon Company — defense & aerospace offices (44.5 miles)
This 44-unit asset combines a 1999 vintage with a renter base supported by neighborhood stabilization and a larger 3-mile renter pool. Neighborhood occupancy has trended higher in recent years, and rents sit below metro medians, which can support absorption and retention. According to CRE market data from WDSuite, the area’s safety positioning is competitive within the metro and nationally midrange, while amenity and school metrics are weaker—factors to consider in underwriting.
Demographics within a 3-mile radius point to population growth and a sizable 18–34 cohort, which can expand the tenant base over time. At the same time, relatively accessible ownership costs in the broader area may create competition for some renters, making unit renovations, practical amenities, and disciplined leasing strategy important to sustain pricing power.
- 1999 construction offers competitive positioning versus older neighborhood stock with targeted value-add potential
- Neighborhood occupancy has improved over five years, supporting cash flow stability
- Below-metro rent levels and a larger 3-mile renter pool aid absorption and lease retention
- Metro-comparable safety context, per WDSuite, with prudent monitoring of recent trend fluctuations
- Risks: modest amenity density, weaker school ratings, and potential competition from ownership options