| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 20th | Poor |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2231 Live Oak St, Commerce, TX, 75428, US |
| Region / Metro | Commerce |
| Year of Construction | 1973 |
| Units | 100 |
| Transaction Date | 2019-02-22 |
| Transaction Price | $61,300 |
| Buyer | VILLAGE CREEK REDEVELOPMENT LLC |
| Seller | LIVE OAK COMMERCE LLC |
2231 Live Oak St, Commerce TX Multifamily Investment
Stabilizing renter demand in a suburban pocket of Commerce is supported by a high share of renter-occupied units within a 3-mile radius and improving neighborhood occupancy, according to WDSuite’s CRE market data.
Located in suburban Commerce within the Dallas–Plano–Irving metro, the area around 2231 Live Oak St offers basic services but limited destination amenities; national amenity percentiles are modest, which implies a more car-dependent living pattern for residents. The average local school rating sits in the lower national percentiles, a consideration for family-oriented leasing strategies.
From an operations lens, the neighborhoods occupancy is reported around 87.0%, and trends have improved over the past five years, signaling firmer absorption conditions than earlier in the cycle. Median contract rents in the surrounding area remain comparatively accessible, which can support lease-up velocity for value-oriented product while requiring disciplined renewal management.
Tenure patterns indicate depth on the rental side: within a 3-mile radius, an estimated 57.7% of housing units are renter-occupied, pointing to a sizable tenant base and potential demand stability for smaller formats. Demographic data aggregated within 3 miles show a large 18–34 cohort and forecasts call for growth in both population and households alongside smaller average household sizes by 2028 factors that can expand the renter pool and support occupancy for efficient floor plans.
Relative positioning within the metro is mixed: neighborhood ratings are below the metro median, and amenities rank below average among 1,108 Dallas–Plano–Irving neighborhoods. However, the combination of renter concentration and improving occupancy presents an actionable setup for investors focused on operational execution and value-oriented product.
Comparable safety benchmarking for this neighborhood is limited in the current dataset. Investors should evaluate city and metro crime trends, property-level security measures, and historical incident patterns to contextualize risk and leasing implications. Where available, use multi-year, neighborhood-scale benchmarks to compare against Dallas–Plano–Irving peers rather than block-level anecdotes.
Regional employment access is oriented toward greater Dallas–Fort Worth; proximity to major defense and aerospace offices can support leasing from commuters seeking value housing.
- Raytheon Company defense & aerospace offices (42.6 miles)
Built in 1973, the asset is older than much of the surrounding stock, creating clear value-add pathways through unit and system upgrades that can enhance competitiveness against newer product. Neighborhood occupancy sits near the high-80s and has strengthened in recent years, while the 3-mile area shows a majority of renter-occupied units and a sizable young adult cohortogether pointing to depth in the tenant base. According to CRE market data from WDSuite, rents in the area remain accessible, which can aid leasing and retention with the right amenity and finish package.
Forward-looking demographics (3-mile radius) indicate projected growth in population and households with smaller average household sizes, a setup that typically supports demand for efficient layouts such as studios and 1-bedrooms. Balancing factors include limited nearby amenities and lower school ratings, which place a premium on on-site features, professional management, and targeted marketing.
- 1973 vintage provides value-add and modernization potential to lift rent and retention
- Improving neighborhood occupancy and majority renter-occupied housing within 3 miles support demand stability
- Demographic outlook shows growth in households and smaller household sizes, favoring efficient unit mixes
- Accessible area rents can aid lease-up with the right upgrade and management strategy
- Risk: limited local amenities and lower school ratings may cap family appeal; focus on on-site offerings and operations