| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 44th | Fair |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6011 Interstate Highway 30, Greenville, TX, 75402, US |
| Region / Metro | Greenville |
| Year of Construction | 1977 |
| Units | 88 |
| Transaction Date | 2008-12-19 |
| Transaction Price | $750,000 |
| Buyer | 6011 BREEZE UNLIMITED LLC |
| Seller | ASSETS LAKEWAY LLC |
6011 Interstate Highway 30 Greenville Value-Add Multifamily
Stabilized renter demand and household growth in the surrounding area support durable occupancy, according to WDSuite’s CRE market data. Positioned along I-30, the asset’s visibility and access amplify leasing reach across eastern Dallas suburbs.
Located in Greenville’s inner-suburban corridor of the Dallas–Plano–Irving metro, the neighborhood carries a B rating and ranks 449th among 1,108 metro neighborhoods, signaling balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy trends sit in the low 90s and have improved over the last five years, supporting baseline stability for an 88-unit asset. Renter-occupied housing concentration is elevated relative to the metro (competitive among Dallas–Plano–Irving neighborhoods), which deepens the local tenant pool and underpins leasing.
Livability is anchored by daily-needs access: grocery availability is strong compared with national peers, and a solid café/dining mix provides convenience. Park space and formal childcare options are thinner locally, factors to weigh for family-oriented leasing strategies. Average school ratings in the neighborhood are on the lower side, which can modestly narrow the family renter segment; investors should calibrate unit mix and amenities accordingly.
Compared with metro and national benchmarks, the area’s housing stock skews newer (average 2005), while this property’s 1977 vintage is older. That age gap points to practical value-add levers—interiors, systems, and common areas—to sharpen competitive positioning against newer stock. Median contract rents in the neighborhood sit around the national mid-to-upper range and have climbed over the past five years, while the rent-to-income ratio near 0.21 indicates manageable affordability pressure that can aid retention and steady renewal velocity.
Demographic statistics are aggregated within a 3-mile radius: the population has edged higher in recent years with households up roughly 5%, and forecasts call for further growth in both households and incomes by 2028. A rising household count and a modest shift toward smaller household sizes expand the renter pool and support occupancy stability for well-located multifamily near commuter corridors.
Safety signals are mixed when viewed across metro and national lenses. Within the Dallas–Plano–Irving metro, the neighborhood’s crime ranking suggests relatively higher reported crime than many peers among 1,108 neighborhoods; investors should incorporate routine security and lighting measures into operating plans. At the national level, property-offense metrics track near the safer side of the spectrum, while violent-offense measures trend below the national mid-range.
Recent direction is constructive: both property and violent offense rates have declined year over year, indicating improving conditions. For underwriting, pair these trends with standard site-level mitigations (access control, visibility, and community engagement) and monitor ongoing changes as part of asset management.
Regional employers within commuting range via I-30 and east Dallas corridors help support renter demand and lease retention, including D.R. Horton, Raytheon, Avnet Electronics, AT&T Datacenter, and Thermo Fisher Scientific.
- D.R. Horton, America's Builder — homebuilding (30.6 miles)
- Raytheon Company — defense & aerospace offices (32.7 miles)
- Avnet Electronics — electronics distribution (33.8 miles)
- AT&T Datacenter — telecom & data infrastructure (33.9 miles)
- Thermo Fisher Scientific — life sciences (36.3 miles)
6011 Interstate Highway 30 is a 1977-vintage, 88-unit multifamily positioned for value-add in a neighborhood with stable renter demand and improving occupancy trends. The area’s renter-occupied share is high for the metro, and five-year rent growth alongside a rent-to-income ratio near 0.21 indicates room to manage renewals with measured pricing while preserving retention. According to CRE market data from WDSuite, the surrounding neighborhood sits in the metro’s competitive middle tier with daily-needs access that supports workforce housing.
The property’s older vintage versus the neighborhood’s newer average stock (2005) highlights capital planning priorities and renovation upside to remain competitive with east Dallas suburban product. Within a 3-mile radius, households have grown and are projected to expand further through 2028, suggesting a larger tenant base over the hold period. Balancing these positives, lower school ratings and a car-oriented location call for targeted amenity and unit-scope strategies to capture demand drivers less tied to school quality.
- Stable neighborhood occupancy and elevated renter concentration support demand depth and leasing durability.
- 1977 vintage offers clear value-add pathways (interiors/systems) versus newer neighborhood stock.
- 3-mile household growth and projected increases through 2028 expand the tenant base and support occupancy stability.
- Risk: lower school ratings and car-oriented context may narrow family demand; plan amenities and unit scope accordingly.