| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 39th | Fair |
| Amenities | 51st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4700 King St, Greenville, TX, 75401, US |
| Region / Metro | Greenville |
| Year of Construction | 1972 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4700 King St, Greenville TX Multifamily Investment
Steady renter demand and attainable rents in Greenville’s inner-suburban setting point to durable occupancy potential, according to WDSuite’s CRE market data. For investors, the combination of an established 1970s asset and a balanced local renter base supports a practical value-add or yield-focused strategy.
Greenville’s neighborhood around 4700 King St rates B- and stands above the metro median overall (rank 587 of 1,108 Dallas–Plano–Irving neighborhoods), per WDSuite. Daily-needs access is a relative strength with grocery, pharmacy, parks, and restaurant density comparing favorably to national norms, while café and childcare density is limited—suggesting convenience for essentials but fewer third-place amenities.
For occupancy and rents, the neighborhood’s occupancy trend sits below the metro median, yet renter concentration is high: a large share of housing units are renter-occupied, placing the area in the top quartile nationally for renter concentration. For multifamily, that depth of renter-occupied stock supports tenant flow and leasing velocity, even if property-level operations will still hinge on execution.
Affordability dynamics are supportive for retention. Neighborhood rent-to-income sits on the lower side nationally, which can ease affordability pressure and help stabilize renewals. At the same time, home values are relatively accessible versus many U.S. markets, which can introduce some competition with ownership; pricing strategy and unit positioning remain important to sustain occupancy and rent growth.
Within a 3-mile radius, WDSuite data show households edged up in recent years despite modest population softness, and projections indicate household growth ahead—expanding the effective renter pool. That backdrop, combined with an Inner Suburb location and commuter orientation to the Dallas employment base, supports a workforce housing thesis.
Vintage also factors into competitiveness. The property’s 1972 construction is older than the neighborhood’s average vintage, which points to capital planning and potential renovation upside to meet renter expectations and differentiate against 1990s-and-newer stock in the submarket.
Safety indicators are mixed and improving. Relative to the Dallas–Plano–Irving metro, the neighborhood’s crime rank (147 out of 1,108) places it in a higher-crime tier locally. Nationally, overall safety performs above average (around the 61st percentile), while violent offense metrics sit closer to the national middle. Recent year-over-year trends indicate declines in both property and violent offenses, which is a constructive signal for long-term operations.
For investors, these patterns suggest standard security and lighting improvements, proactive resident engagement, and partnership with local policing can support retention and perception, especially during exterior and common-area upgrades.
The area serves as workforce housing for major North Dallas–Richardson employers, where proximity supports commuter demand and lease retention. The list below highlights nearby corporate offices relevant to this renter base: D.R. Horton, Raytheon Company, AT&T Datacenter, Avnet Electronics, and General Dynamics.
- D.R. Horton — homebuilding corporate offices (30.4 miles)
- Raytheon Company — defense & aerospace offices (31.8 miles)
- AT&T Datacenter — telecom/data infrastructure (33.2 miles)
- Avnet Electronics — electronics distribution (33.3 miles)
- General Dynamics — defense & aerospace offices (35.8 miles)
4700 King St is an 80-unit, 1972-vintage asset positioned for pragmatic value-add in a neighborhood with solid daily-needs access, a deep renter-occupied housing base, and commuter connectivity to the Dallas job engine. According to CRE market data from WDSuite, neighborhood occupancy sits below the metro median, but renter concentration is high and rent-to-income is relatively manageable—an equation that can support leasing stability with thoughtful unit upgrades and operations.
Demographic signals aggregated within a 3-mile radius point to household expansion ahead, reinforcing a larger tenant base over the medium term. Given older vintage relative to nearby stock, targeted capex—interiors, systems, and curb appeal—can reposition units competitively against 1990s-and-newer comparables while maintaining attainable pricing.
- High renter-occupied share locally supports depth of tenant demand and leasing velocity
- Household growth in the 3-mile area expands the future renter pool and supports occupancy stability
- 1972 vintage offers clear value-add and systems-upgrade pathways to enhance competitiveness
- Daily-needs amenities (grocery, pharmacy, parks) compare well nationally, aiding retention
- Risks: below-metro occupancy, commuter distance to job centers, and competition from accessible ownership options