| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 7th | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1717 Hudspeth Ave, Dallas, TX, 75216, US |
| Region / Metro | Dallas |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2022-12-21 |
| Transaction Price | $1,862,000 |
| Buyer | 1717 HUDSPETH LLC |
| Seller | TOMEK INTERESTS LLC |
1717 Hudspeth Ave Dallas Multifamily Investment
Neighborhood occupancy has trended strong and steady, suggesting durable renter demand near South Dallas, according to WDSuite’s CRE market data. For investors, this points to a pragmatic hold or value-add strategy focused on tenant retention over aggressive rent pushes.
Situated in an Inner Suburb pocket of South Dallas, the area shows stable operating fundamentals for workforce housing. Neighborhood occupancy is competitive among Dallas–Plano–Irving neighborhoods and lands in the top quintile nationally, signaling a solid baseline for leasing stability (per WDSuite). Within a 3-mile radius, an estimated 46% of housing units are renter-occupied, indicating a sizable tenant base that can support consistent absorption and renewals.
Daily needs are well-covered: grocery density sits in a high national percentile, restaurants are plentiful, and cafes are comparatively abundant for the metro. By contrast, parks, pharmacies, and childcare are sparse, which may marginally affect lifestyle appeal for some residents—an underwriting consideration for amenity strategy and resident services.
The property’s 1986 construction is newer than the neighborhood’s average 1968 vintage. That relative youth can help competitive positioning against older stock, though investors should plan for targeted system updates and common-area refreshes typical of 1980s buildings to sustain leasing momentum.
Affordability dynamics are mixed. Neighborhood rents sit around the middle of national distributions while home values are lower relative to national norms. This can temper pricing power due to more accessible ownership options, yet a lower rent-to-income profile supports retention and steadier collections. Looking ahead, 3-mile demographics from WDSuite indicate forecast growth in population and households, which should expand the renter pool and support occupancy. These trends, paired with disciplined operations, frame a credible thesis for investors conducting multifamily property research.
Safety indicators for the neighborhood trail national benchmarks, with crime levels below the national median. Within the Dallas–Plano–Irving metro’s 1,108 neighborhoods, this subarea performs below the metro median, so investors should underwrite enhanced security measures and resident engagement to support retention.
Recent trend data from WDSuite show violent incidents improving year over year, a constructive signal even if overall positioning remains weaker nationally. Framing security investments alongside visible property management presence and lighting upgrades can help mitigate risk while supporting leasing stability.
Proximity to large downtown employers underpins demand from service, telecom, healthcare, and engineering professionals, supporting commute convenience and weekday occupancy. Nearby corporate anchors include AT&T, Jacobs Engineering Group, Tenet Healthcare, Builders FirstSource, and HollyFrontier.
- AT&T — telecommunications (5.3 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (5.7 miles) — HQ
- Tenet Healthcare — healthcare services (5.7 miles) — HQ
- Builders Firstsource — building materials (5.7 miles) — HQ
- Hollyfrontier — energy (6.4 miles) — HQ
The investment case centers on durable renter demand, a renter-occupied base within 3 miles that supports absorption, and neighborhood occupancy that ranks competitively in the metro and in a high national percentile. According to CRE market data from WDSuite, this positioning favors steady leasing over cycle volatility. The 1986 vintage is newer than the neighborhood average, offering relative competitiveness versus older stock, with scope for selective value-add to drive rent-quality and retention.
Balance upside with measured risk: local home values are more accessible than many U.S. areas, which can moderate pricing power, and safety indicators lag national medians, warranting security-forward operations. Forecast growth in population and households within a 3-mile radius points to a larger tenant base over the medium term, reinforcing the long-run hold or renovation thesis.
- Competitive neighborhood occupancy supports leasing stability
- 1986 construction is newer than area average, with value-add potential
- 3-mile renter base and employer proximity sustain demand
- Accessible ownership landscape may temper pricing power
- Safety lags national benchmarks—budget for security enhancements