| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 22nd | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10110 Walnut St, Dallas, TX, 75243, US |
| Region / Metro | Dallas |
| Year of Construction | 1979 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10110 Walnut St, Dallas — 112-Unit Multifamily Value-Add
Neighborhood occupancy is strong with tight vacancies and a deep renter pool, supporting durable income, according to WDSuite’s CRE market data. With 1979 vintage and sizable scale, the asset positions for pragmatic renovations while benefiting from established renter demand.
Located in Dallas’s Urban Core, the neighborhood posts a high occupancy environment, ranking 202 out of 1,108 metro neighborhoods — top quartile nationally — which supports leasing stability and reduces downtime risk. Median rents sit above many U.S. peers while remaining competitive for the Dallas-Plano-Irving metro, a mix that can aid retention and measured pricing power based on CRE market data from WDSuite.
Livability drivers are mixed. Grocery access is a relative strength (above the 90th percentile nationally), while cafes, parks, and pharmacies are limited within the immediate area. Amenity positioning is above the metro median (rank 455 of 1,108), which suggests residents rely on essential retail with fewer lifestyle options close by — a fit for workforce-oriented renters prioritizing value and commute convenience.
Tenure characteristics are favorable for multifamily: about 71% of housing units in the neighborhood are renter-occupied, placing it among the highest renter concentrations in the metro (97th percentile nationally). For investors, this indicates a broad tenant base and supports occupancy stability over cycles.
Within a 3-mile radius, demographic statistics show modest population softening in recent years but resilience in the renter pool as households hold relatively steady and incomes trend upward. Forecasts point to an increase in households, which can expand the tenant base and support absorption. Elevated ownership costs (home values near the 77th national percentile) reinforce reliance on rental housing, which can aid lease retention and sustain demand for professionally managed apartments.
The property’s 1979 construction year is slightly older than the neighborhood average vintage (1983). That age profile suggests targeted capital planning — kitchens/baths, exterior updates, and building systems — could unlock value-add rent premiums while improving competitive standing versus newer stock.
Safety indicators should be evaluated with care. The neighborhood’s crime rank is 778 out of 1,108 metro neighborhoods, placing it in the lower third locally and below national averages for safety (around the 28th percentile). Property and violent offense measures have shown a recent uptick year over year. For investors, this argues for prudent security features, lighting, and active property management to support resident confidence and retention.
Contextually, safety varies by block and over time; investors typically mitigate with access controls, camera coverage, and partnership with local patrol resources. Monitoring trend direction and factoring operating practices into underwriting is advisable when assessing leasing velocity and renewal behavior.
Proximity to engineering, technology, and industrial employers supports a steady workforce renter base and commute convenience. Nearby nodes include Texas Instruments, Thermo Fisher Scientific, General Dynamics, and Avnet.
- Texas Instruments South Campus — semiconductors (2.5 miles)
- Texas Instruments — semiconductors (2.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.3 miles)
- General Dynamics — defense & aerospace offices (3.9 miles)
- Avnet Electronics — electronics distribution (5.7 miles)
This 112-unit, 1979-vintage asset aligns with a high-occupancy neighborhood where renter-occupied housing is prevalent, supporting demand depth and income durability. According to CRE market data from WDSuite, the area ranks in the top quartile for occupancy among metro neighborhoods, while elevated ownership costs sustain reliance on rental housing — a backdrop conducive to retention and disciplined rent growth.
The slightly older vintage points to clear value-add pathways — unit interiors, curb appeal, and building systems — to sharpen competitive position versus newer product. Within a 3-mile radius, forecasts call for a larger household base and rising incomes, which can expand the tenant pool and support lease-up and renewal strategies. Investors should underwrite pragmatic security and amenity investments given below-average safety readings and mixed lifestyle amenities nearby.
- High neighborhood occupancy supports leasing stability and limits downtime risk.
- Strong renter concentration indicates depth of demand and broader tenant reach.
- 1979 vintage offers value-add potential via interior and systems upgrades.
- Elevated ownership costs reinforce multifamily demand and renewal prospects.
- Risk: below-average safety and limited lifestyle amenities warrant active management and security planning.