| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 13th | Poor |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 151 Meadowview Ct, Terrell, TX, 75160, US |
| Region / Metro | Terrell |
| Year of Construction | 1998 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
151 Meadowview Ct Terrell Multifamily Investment
Neighborhood fundamentals signal steady renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. The submarket’s renter concentration supports leasing stability, while pricing remains anchored to working-household incomes.
Situated in Terrell within the Dallas–Plano–Irving metro, the neighborhood posts a high occupancy environment at the area level and is competitive among 1,108 metro neighborhoods for stabilized tenancy (ranked in the top quarter by occupancy). For investors, that backdrop points to fewer vacancy-driven surprises and firmer renewal potential compared with metro peers.
The surrounding 3-mile radius shows households inching higher despite a slight population dip, indicating smaller household sizes and a steady renter pool that can support multifamily absorption and occupancy stability. Median home values are elevated relative to local incomes (above the metro median on value-to-income metrics), which tends to sustain reliance on rental housing and support pricing power without overextending renters.
Vintage positioning matters: built in 1998, the property is newer than the neighborhood’s average 1987 construction year. That typically offers a competitive edge versus older stock while still warranting routine capital planning for aging systems and potential modernization to meet today’s renter expectations.
Amenities are mixed. Grocery access tracks near the national middle, while restaurants are modestly better represented than average; parks, cafes, childcare, and pharmacies are thinner nearby. School performance data in this neighborhood is limited, so underwriting should lean on rent rolls and leasing history rather than school-driven demand. Overall, the area’s neighborhood rating (C-) and above-median housing indicators suggest a working-class tenant base where affordability and turnover management are central to asset performance.
Safety trends should be framed comparatively and at the neighborhood level. Overall crime sits above the national midpoint (stronger than average), and violent incidents have shown year-over-year improvement, according to CRE market data from WDSuite. At the same time, property-related incidents have been more volatile recently. Investors should consider standard security measures and loss-prevention practices typical for inner-suburban assets while monitoring trend direction rather than any single-year swing.
Within the Dallas–Plano–Irving metro, the neighborhood’s recent trajectory is competitive versus many peers, but block-level variation can be meaningful. A prudent approach is to align insurance, lighting, and access controls with current leasing strategies and review updated third-party data during diligence.
- D.R. Horton — homebuilding offices (20.5 miles)
- State Farm Insurance — insurance operations (27.4 miles)
- Avnet Electronics — electronics distribution offices (29.8 miles)
- Thermo Fisher Scientific — life sciences offices (30.1 miles)
- Builders Firstsource — building materials (30.4 miles) — HQ
This 76-unit, 1998-vintage asset benefits from a neighborhood with resilient renter demand and high occupancy at the area level, supporting stable collections and renewal potential. The property’s newer-than-average vintage versus nearby stock offers competitive positioning, while routine system updates can create select value-add opportunities. Within a 3-mile radius, households are trending upward even as population edges down, implying smaller household sizes and a dependable tenant base. According to CRE market data from WDSuite, local ownership costs relative to incomes remain elevated, which helps sustain reliance on rental housing and underpins pricing power with careful lease management.
Investor focus should center on steady operations and measured upgrades: emphasize retention, smart turns, and targeted interior or common-area improvements that appeal to working households. Key watch items include thinner local amenities, mixed school data, and property-crime variability, which argue for disciplined expense controls, security best practices, and conservative underwriting on non-rent income.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 1998 build is competitive versus older local stock; selective capex can enhance positioning
- 3-mile household growth with smaller household sizes supports a steady tenant base
- Ownership costs relative to income reinforce rental demand and pricing power
- Risks: thinner amenities and property-crime variability warrant conservative underwriting