| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 44th | Fair |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6115 Jack Finney Blvd, Greenville, TX, 75402, US |
| Region / Metro | Greenville |
| Year of Construction | 1978 |
| Units | 120 |
| Transaction Date | 2025-07-14 |
| Transaction Price | $31,654,000 |
| Buyer | SW GREEN LLC |
| Seller | UNCLE LARRY SW GREENVILLE LLC |
6115 Jack Finney Blvd Greenville Multifamily Investment
Positioned in an Inner Suburb of the Dallas–Plano–Irving metro, the neighborhood shows steady occupancy and a sizable renter base, according to WDSuite’s CRE market data. The 1978 vintage points to value‑add potential alongside demand supported by regional growth.
The property sits in a Greenville neighborhood rated B and ranked 449 among 1,108 metro neighborhoods — above the metro median, per commercial real estate analysis from WDSuite. Neighborhood occupancy is stable and trending up, supporting income durability for multifamily assets.
Local amenity density is mixed: grocery and pharmacy access score in the top quartile nationally, while cafes are also comparatively strong. However, parks and formal childcare options are limited in this immediate area, which may matter for family‑oriented leasing strategies.
Renter-occupied housing accounts for a meaningful share of units in the neighborhood (nationally high percentile), signaling depth in the tenant base and supporting lease‑up and retention for workforce housing. Neighborhood occupancy of 92.5% sits modestly above national midpoints, suggesting demand resilience without outsized vacancy risk.
Within a 3‑mile radius, population and households have expanded over the last five years and are projected to continue growing, implying a larger tenant base ahead. Forecasts also indicate a rising renter share and smaller average household sizes, which typically sustain multifamily demand rather than ownership transitions.
The average construction year in the neighborhood skews newer (mid‑2000s), while this asset was built in 1978. That age gap can support a value‑add thesis — renovations and system upgrades may be needed to remain competitive versus newer stock, but refreshed interiors and common areas can help close the positioning gap.
Home values are mid‑tier for the region. This creates a balanced backdrop: ownership is not a high‑cost market locally, so operators should expect some competition from entry‑level ownership, but rent levels relative to incomes suggest potential for steady retention if value is maintained.
Neighborhood safety metrics are mixed but improving. Overall crime benchmarks sit above national midpoints (safer than average), while violent‑offense indicators trail national medians. Recent year‑over‑year trends show double‑digit declines in both violent and property offense estimates, indicating improvement momentum compared with many Dallas–Plano–Irving peers.
For investors, this translates into a setting that is comparatively stable on property‑related incidents with ongoing progress in violent‑crime measures. Monitoring trend persistence and coordinating on‑site lighting, access control, and community engagement can help reinforce leasing stability.
Regional employment hubs within commuting distance include aerospace/defense, electronics, telecom, and advanced manufacturing — important anchors for workforce renters who commute to the Dallas–Plano–Irving job base.
- D.R. Horton, America's Builder — homebuilding corporate offices (31.1 miles)
- Raytheon Company — defense & aerospace offices (33.4 miles)
- Avnet Electronics — electronics distribution offices (34.5 miles)
- AT&T Datacenter — telecom datacenter (34.5 miles)
- Thermo Fisher Scientific — scientific equipment offices (36.9 miles)
- General Dynamics — defense & aerospace offices (36.9 miles)
- Texas Instruments South Campus — semiconductors (40.8 miles)
- Texas Instruments — semiconductors (41.2 miles) — HQ
This 120‑unit, 1978‑vintage asset aligns with a pragmatic value‑add strategy in a Greenville neighborhood that ranks above the metro median. Neighborhood occupancy is in the low‑90s and trending up, indicating resilient renter demand. Within a 3‑mile radius, population and household growth — alongside a projected increase in renter share — point to a larger tenant base and support for occupancy stability. Rent levels relative to incomes are manageable locally, which can aid retention even as newer competitive stock exists nearby.
Capital planning should account for systems modernization and interior upgrades to compete with the neighborhood’s newer average vintage. Ownership costs in the area are mid‑range, implying some competition from entry‑level ownership; however, according to CRE market data from WDSuite, the renter pool expansion and steady neighborhood occupancy provide a foundation for sustained leasing performance. Key watch items include school quality signals, limited park access, and the commute distance to major job centers.
- Stable neighborhood occupancy with growing 3‑mile renter pool supports income consistency
- 1978 vintage offers clear value‑add pathway through renovations and systems upgrades
- Amenity access is strong for daily needs (grocery/pharmacy), aiding renter convenience
- Risks: competitive posture versus newer stock, below‑median school ratings, and distance to core job nodes