| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 35th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 E Main St, Quinlan, TX, 75474, US |
| Region / Metro | Quinlan |
| Year of Construction | 1984 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 E Main St Quinlan Multifamily Value-Add Opportunity
Neighborhood rental demand skews workforce and car-oriented, with occupancy stability influenced by a modest renter base and achievable rents, according to WDSuite’s CRE market data.
Located in rural Quinlan within the Dallas–Plano–Irving metro, the area emphasizes everyday convenience over density. Amenity access is limited compared to metro hubs, and average school ratings trend below regional norms. For investors, this typically points to a price-sensitive tenant base and leasing strategies centered on value and reliability rather than lifestyle premiums.
The neighborhood’s construction year profile skews newer than the subject’s 1984 vintage (area average 1994), which suggests competitive pressure from more recent stock; however, it also underscores potential renovation and operational upgrades as levers for differentiation and rent optimization. Neighborhood occupancy is reported for the area at 87.7%, highlighting the importance of tenant retention and steady unit turns to support NOI.
Within a 3-mile radius, roughly 28% of housing units are renter-occupied, indicating a measurable but not dominant renter concentration. For multifamily owners, this translates to a defined tenant pool that can support leasing, with marketing best aimed at value, commute practicality, and reliable property services.
Home values in the area are relatively accessible versus larger Dallas submarkets, which can create some competition from ownership options. Paired with a rent-to-income picture that is near the middle of national benchmarks, this backdrop favors a management focus on retention and service quality to sustain occupancy and pricing, supported by balanced, data-driven multifamily property research.
Safety indicators for the neighborhood show mixed signals. According to WDSuite, recent estimates suggest property offenses have eased year over year, while violent offenses increased over the same period. In practical terms, owners should emphasize visible on-site management practices (lighting, access control, and coordination with local resources) and align leasing policies with risk management to support resident confidence and retention.
Compared with broad national patterns, the area reads as neither an outlier for safety nor a top-tier performer. Framing for investors: underwriting should incorporate prudent security CapEx and operating protocols, with periodic monitoring of trend direction rather than relying on a single-year snapshot.
Regional employment access is anchored by major corporate and engineering footprints within commuting distance, which supports workforce renter demand and lease stability at value-oriented assets. Notable nearby employers include D.R. Horton, Avnet Electronics, Raytheon, Thermo Fisher Scientific, and General Dynamics.
- D.R. Horton — homebuilding corporate offices (24.8 miles)
- Avnet Electronics — electronics distribution (31.5 miles)
- Raytheon — defense & aerospace offices (32.9 miles)
- Thermo Fisher Scientific — life sciences (33.2 miles)
- General Dynamics — defense & technology offices (33.5 miles)
This 22-unit, 1984-vintage property positions as a practical, value-add play in a rural submarket that serves workforce renters. The immediate neighborhood reflects moderate occupancy and a renter base that is present but not dominant, favoring hands-on management, cost-aware renovations, and service-led retention to stabilize cash flow. According to CRE market data from WDSuite, local ownership costs are comparatively accessible, which can temper pricing power; pairing judicious upgrades with disciplined expense control can help sustain competitiveness.
Demographic indicators within a 3-mile radius point to smaller average household sizes over time and a projected increase in household counts even as population remains roughly flat, which can expand the local renter pool and support steady leasing. The asset’s older vintage relative to nearby stock underscores potential to capture value via targeted interior updates, curb appeal, and basic systems modernization, while acknowledging that amenity-light surroundings and mixed safety trends call for prudent underwriting and active asset management.
- Workforce-oriented location with measurable renter base supports steady leasing
- 1984 vintage offers value-add and operational upside versus newer area stock
- Household growth with smaller sizes (3-mile radius) can expand renter pool
- Management focus on retention and expense control to navigate ownership competition
- Risks: limited amenities and mixed safety trends warrant conservative underwriting