| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 19th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1315 S Barry Ave, Dallas, TX, 75223, US |
| Region / Metro | Dallas |
| Year of Construction | 1972 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1315 S Barry Ave Dallas Multifamily Opportunity
Positioned in an inner-suburban pocket with a high renter concentration and everyday retail nearby, this asset benefits from a deep tenant base according to WDSuite’s CRE market data. Neighborhood occupancy trends and rent-to-income dynamics indicate pragmatic leasing potential with room to improve through operational execution.
This inner-suburban Dallas location balances access to daily needs with working-class housing fundamentals. Grocery options are competitive among Dallas-Plano-Irving neighborhoods (ranked 216 of 1,108), and restaurants are similarly well represented (ranked 378 of 1,108), while parks, pharmacies, and cafés are more limited inside the neighborhood footprint. For investors, that mix points to convenience for residents and potential to capture demand from value-oriented renters, even if lifestyle amenities are not a primary draw.
Neighborhood occupancy is 89.3% (neighborhood-level), which sits below the metro median, suggesting upside via focused leasing and renewal management. The share of housing units that are renter-occupied is elevated at the neighborhood level (top quartile nationally by percentile), indicating a large tenant pool and steady demand for multifamily product. Rent-to-income ratios also skew relatively manageable at the neighborhood level, supporting lease retention and reducing near-term affordability pressure compared with higher-cost submarkets.
Demographics aggregated within a 3-mile radius show modest population growth over the past five years and a measurable increase in households, with forecasts calling for continued household gains alongside smaller average household sizes. That combination typically expands the renter pool and helps stabilize occupancy, particularly for efficiently managed, value-driven properties.
On housing and pricing context, neighborhood home values are lower relative to many national neighborhoods, which can create some competition from ownership options; however, in practice this often sustains a reliable base of renters who prioritize flexibility or prefer professionally managed housing. Based on CRE market data from WDSuite, overall neighborhood performance sits below metro medians on several metrics but remains competitive on daily-needs access, positioning the asset for durable workforce demand.
Safety indicators for the neighborhood rank below both metro and national medians, signaling a higher incidence of reported crime relative to many areas. Within the Dallas-Plano-Irving metro, the neighborhood’s overall crime rank falls in the lower tier (ranked 857 out of 1,108 neighborhoods), and national percentiles indicate below-average safety. Recent year-over-year movements show property and violent offenses trending upward at the neighborhood level, reinforcing the need for professional on-site management, lighting, and access controls to support resident comfort and retention.
Investors should consider crime trends in a comparative context rather than at the block level and evaluate property-specific measures that can mitigate risk and support leasing stability over time.
Proximity to several major corporate headquarters supports a steady commuter tenant base and can aid retention through short, predictable commutes. Key nearby employers include Builders FirstSource, Dean Foods, Jacobs Engineering Group, AT&T, and Tenet Healthcare.
- Builders Firstsource — building products HQ (2.6 miles) — HQ
- Dean Foods — dairy & consumer goods HQ (2.7 miles) — HQ
- Jacobs Engineering Group — engineering & professional services HQ (2.7 miles) — HQ
- AT&T — telecommunications HQ (2.8 miles) — HQ
- Tenet Healthcare — healthcare services HQ (3.0 miles) — HQ
The property’s inner-suburban setting combines everyday retail access with a renter-heavy housing stock, offering depth of demand for workforce-oriented units. Neighborhood occupancy sits below the metro median, creating operational upside for owners who can execute on leasing, renewals, and basic enhancements. According to commercial real estate analysis from WDSuite, homeownership costs in the area are comparatively accessible, which can introduce some competition, yet the large renter base and manageable rent-to-income dynamics support steady absorption.
Within a 3-mile radius, recent population gains and notable household growth, alongside smaller projected household sizes, point to a larger tenant base over the next cycle. Coupled with proximity to multiple Fortune 500 headquarters, the demand profile favors stable workforce housing with potential to improve cash flow through occupancy gains and disciplined expense control.
- Renter-heavy neighborhood supports a deeper tenant pool and leasing resiliency
- Below-metro neighborhood occupancy offers upside through focused leasing and renewals
- 3-mile household growth and smaller household sizes expand the renter base
- Near major corporate headquarters, reinforcing commute-driven demand
- Risks: lower neighborhood safety rankings and limited park/café amenities may require enhanced management and marketing