| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 40th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 Joe Ramsey Blvd E, Greenville, TX, 75401, US |
| Region / Metro | Greenville |
| Year of Construction | 1977 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1910 Joe Ramsey Blvd E Greenville Multifamily Opportunity
Neighborhood occupancy around 93% has trended higher over the past five years, supporting leasing stability for nearby assets, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood rather than the property itself and indicate steady renter demand in this Greenville inner-suburban location.
This Inner Suburb neighborhood of the Dallas–Plano–Irving metro is rated B- and ranks 549th of 1,108 metro neighborhoods, signaling competitive fundamentals at the sub-metro level without premium pricing pressures. Amenity access is a relative strength: restaurants, groceries, parks, and pharmacies score above national medians, with cafes and pharmacies notably strong, helping support daily-life convenience for residents.
Renter demand looks durable. The neighborhood’s renter-occupied share is 40.7% (80th percentile nationally), indicating a deeper tenant base than many U.S. neighborhoods. Within a 3-mile radius, renter-occupied housing is approximately half of units (about 50%), pointing to a broad pool of prospective renters for multifamily properties and supporting occupancy stability over time.
Measured at the neighborhood level, occupancy is about 93% and has improved in recent years, landing modestly above national norms. Median contract rents are mid-market locally, and the neighborhood rent-to-income ratio of roughly 0.20 suggests manageable affordability, a positive for lease retention and collections management. Home values sit below national medians in this area; that can introduce some competition with entry-level ownership, but it also supports a wide renter cohort seeking practical, more accessible rental options.
Within a 3-mile radius, households have increased even as total population edged lower in the recent past, implying smaller average household sizes and a shift toward more households occupying similar space. Looking forward, WDSuite data indicates projected population growth near 10% and a roughly one-third increase in households by 2028, which would expand the tenant base and support absorption for well-positioned assets.
Vintage context: the neighborhood’s average construction year is 1981. The subject’s 1977 vintage is modestly older, which typically implies routine capital planning and potential value-add through interior upgrades and systems modernization to enhance competitive positioning versus slightly newer stock.
Safety trends are comparatively favorable for the metro. The neighborhood’s crime rank is 243rd out of 1,108 Dallas–Plano–Irving neighborhoods, placing it in the top quartile locally. Nationally, it sits modestly above the median for safety. Recent year-over-year estimates show material improvement: both violent and property offenses have declined, with violent offenses improving strongly and property offenses also trending down, according to WDSuite’s CRE market data.
As with any infill-suburban location, conditions can vary by block and over time. For investors, the directional improvement paired with a top-quartile metro position suggests supportive background conditions for tenant retention and leasing, while ongoing monitoring remains prudent.
Regional employment anchors within commuting distance include homebuilding, defense and aerospace, telecommunications infrastructure, and electronics distribution—industries that support a broad workforce renter base and commute convenience for residents.
- D.R. Horton — homebuilding (30.8 miles)
- Raytheon Company — defense & aerospace (32.5 miles)
- AT&T Datacenter — telecommunications datacenter (33.8 miles)
- Avnet Electronics — electronics distribution (33.9 miles)
- General Dynamics — defense & aerospace offices (36.4 miles)
With 120 units and a 1977 vintage, the property can benefit from targeted value-add and systems modernization to sharpen its competitive position against slightly newer neighborhood stock. Neighborhood occupancy is about 93% and has improved over five years; combined with a sizeable renter base locally and within a 3-mile radius, this supports steady absorption and lease-up prospects. Based on CRE market data from WDSuite, rent levels and a roughly 0.20 rent-to-income ratio indicate manageable affordability, aiding retention while leaving room for disciplined revenue management.
Forward-looking demographics within 3 miles point to a larger tenant base: households are projected to increase materially by 2028 alongside population growth, which is constructive for long-term demand. Ownership costs remain more accessible than in higher-priced Texas metros, which can create some competition with entry-level for-sale housing; however, the area’s renter concentration and commuting access to diverse employment nodes help sustain multifamily demand.
- Occupancy near 93% at the neighborhood level with improving trend supports leasing stability.
- 1977 vintage offers value-add and capital planning opportunities to enhance positioning versus newer stock.
- 3-mile outlook shows rising population and faster household growth, expanding the renter pool.
- Manageable rent-to-income dynamics provide room for thoughtful pricing while supporting retention.
- Risk: relatively accessible ownership options may compete with rentals; execution should emphasize renovations, amenities, and operations to sustain demand.