| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 26th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2620 Ruidosa Ave, Dallas, TX, 75228, US |
| Region / Metro | Dallas |
| Year of Construction | 1984 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2620 Ruidosa Ave Dallas Multifamily Investment
Neighborhood occupancy trends indicate steady renter demand in the surrounding area, according to WDSuites CRE market data, supporting income stability for a professionally managed asset.
Positioned in Dallass inner-suburban fabric, the property sits in a renter-driven area where approximately 40.8% of housing units are renter-occupied. For investors, that renter concentration (ranked 361 of 1,108 metro neighborhoods) signals a deeper tenant base and supports leasing continuity relative to more owner-heavy pockets.
Area livability is mixed: grocery access scores above the national median, while cafes, restaurants, parks, and pharmacies are sparse by neighborhood standards (ranked 914 of 1,108). Public school ratings trend below national averages; investors should underwrite accordingly for family-oriented marketing and weigh the role of nearby charter or private options where applicable.
Rents at the neighborhood level sit around the national midpoint and have grown over the past five years, while neighborhood occupancy is above the national median (59th percentile). For an asset of this size, that backdrop can aid retention and pricing discipline, though amenity-light surroundings may require targeted property-level upgrades and community programming to differentiate.
The propertys 1984 vintage is newer than the neighborhoods average construction year (1973). That positioning can be competitively helpful versus older stock, yet systems and interiors are reaching ages where thoughtful capital planning and selective value-add modernization can unlock operational upside.
Within a 3-mile radius, demographic data show households roughly flat in recent years with population softness, but forward-looking projections indicate growth in both households and incomes. If realized, that combination points to a larger renter pool and supports occupancy stability, with potential to sustain rent levels as quality and convenience become stronger decision drivers.
Home values in the neighborhood sit in the lower national quartiles, creating a relatively accessible ownership market. That can introduce some competition for entry-level renters, but the local rent-to-income profile around 0.21 suggests manageable affordability pressure that can support lease retention with prudent renewal strategies.
Safety indicators are mixed relative to the Dallas-Plano-Irving metro and the nation. The neighborhoods overall crime rank sits in the lower half of the metro (535 of 1,108 neighborhoods), indicating more crime than many Dallas-area peers. Nationally, the area falls below the median on safety (39th percentile).
Recent trend signals diverge by category: property offenses show a meaningful year-over-year decline, placing that improvement in the stronger national tiers, while violent offense estimates increased over the same period. Investors should reflect these dynamics in security planning, lighting and surveillance upgrades, and partnership with professional management to support resident confidence and retention.
A concentration of major corporate offices within roughly 78 miles underpins commuter demand and supports leasing durability for workforce-oriented units. Notable employers include Texas Instruments, D.R. Horton, Dean Foods, and Energy Transfer.
- Texas Instruments South Campus semiconductor operations (6.6 miles)
- Texas Instruments semiconductor HQ and offices (6.8 miles) HQ
- D.R. Horton, Americas Builder homebuilding corporate offices (7.2 miles)
- Dean Foods food & beverage corporate (7.7 miles) HQ
- Energy Transfer energy infrastructure corporate offices (8.1 miles)
This 121-unit, 1984-vintage asset benefits from a renter-leaning local housing mix, occupancy above the national median at the neighborhood level, and proximity to a cluster of large employers that reinforce weekday commute demand. Based on commercial real estate analysis sourced from WDSuite, the surrounding submarket shows rent levels near the national midpoint and sustained leasing stability, suggesting room for measured value creation through operational execution rather than purely market-driven lifts.
The vintage is newer than the neighborhoods average stock, offering a competitive baseline versus older assets, yet it is seasoned enough that targeted capital programs (exteriors, common areas, systems, and interiors) can drive rent-quality alignment. Within a 3-mile radius, forecasts point to growth in households and incomes, supporting a larger tenant base over time, while relatively lower area home values may introduce some competition with ownership that management can offset through service, convenience, and unit upgrades.
- Renter-occupied housing share supports a deeper tenant base and leasing continuity
- Neighborhood occupancy above the national median aids income stability
- 1984 vintage allows value-add and modernization to enhance competitive standing
- Employer cluster within ~78 miles underpins workforce demand and retention
- Risks: amenity-light location, mixed safety trends, and potential competition from relatively accessible ownership