| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 14th | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2722 S Buckner Blvd, Dallas, TX, 75227, US |
| Region / Metro | Dallas |
| Year of Construction | 1986 |
| Units | 82 |
| Transaction Date | 2007-12-12 |
| Transaction Price | $1,017,500 |
| Buyer | MARTINEZ HILARIO CRUZ |
| Seller | BUCKNER MANOR JOINT VENTURE |
2722 S Buckner Blvd Dallas Multifamily Investment
Neighborhood renter concentration and accessible price points suggest durable tenant demand, according to WDSuite’s CRE market data. Directionally stable occupancy at the neighborhood level supports cash flow consistency for a mid-1980s asset.
The property sits in an Inner Suburb of Dallas with everyday conveniences that support leasing: neighborhood measures indicate solid access to groceries and parks, with counts competitive among Dallas-Plano-Irving neighborhoods and in the top half nationally. Cafés and restaurants also score above national medians, which can aid resident satisfaction and retention.
At the neighborhood level, renter-occupied housing accounts for a sizable share of units (62.0% renter concentration), indicating a deep tenant base for multifamily owners. Neighborhood occupancy is measured for the neighborhood, not the property, and trends near the metro middle, pointing to steady, not overheated, conditions that can support leasing without excessive concessions.
Vintage matters: the property was built in 1986, while the area’s average construction year trends older. That positioning can be relatively competitive versus older stock, though investors should plan for targeted modernization and systems upkeep to capture value-add upside.
Within a 3-mile radius, households have grown over the last five years and are projected to increase further even as population edges lower, signaling smaller household sizes and a broader leasing pool. Rising incomes alongside upward-trending contract rents in the 3-mile area support rent growth potential, while a moderate rent-to-income ratio at the neighborhood level suggests room for disciplined pricing without undue retention risk.
Ownership costs in the neighborhood track below national norms. In practice, a more accessible ownership market can create some competition for renters at certain price points, but it can also stabilize tenant profiles and lengthen average stays when multifamily remains the more convenient option. Investors should calibrate unit finishes and amenities to maintain pricing power against entry-level ownership alternatives.
Safety indicators are mixed but improving. The neighborhood ranks 459 out of 1,108 Dallas-Plano-Irving neighborhoods for crime, which is competitive among Dallas neighborhoods but below national safety medians. Nationally benchmarked indicators show lower percentiles for violent and property offenses, while recent year-over-year estimates point to declining property-offense rates and flat-to-slightly improving violent-offense trends. These are neighborhood-level signals, not property-specific conditions.
Proximity to major employers in Dallas supports workforce housing demand and commute convenience for residents, notably across building materials, engineering, telecom, dairy/CPG, and healthcare services.
- Builders Firstsource — building materials (7.0 miles) — HQ
- Jacobs Engineering Group — engineering (7.0 miles) — HQ
- AT&T — telecom (7.0 miles) — HQ
- Dean Foods — dairy/CPG (7.2 miles) — HQ
- Tenet Healthcare — healthcare services (7.3 miles) — HQ
This 82-unit, 1986-vintage asset benefits from a renter-oriented neighborhood and everyday amenities that underpin leasing. Neighborhood occupancy trends near the metro middle, and the area posts strong grocery and park access with café/restaurant density above national medians. Within a 3-mile radius, households have increased and are projected to keep rising even as overall population moderates, implying smaller household sizes and a broader renter pool that can support occupancy stability. According to CRE market data from WDSuite, local rent levels and incomes have moved higher, supporting disciplined rent growth while maintaining retention.
Relative to the neighborhood’s older average stock, 1986 construction offers competitive positioning, with selective upgrades and system refreshes likely to unlock value-add potential. Ownership costs in the neighborhood sit below national norms, which can introduce some competition from entry-level ownership but also supports tenant stability; success will hinge on thoughtful finish levels and pragmatic pricing strategies.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing
- 1986 vintage positioned ahead of older local stock; targeted renovations can drive NOI
- Amenities and employer access bolster retention and absorption
- Household growth within 3 miles points to sustained renter pool expansion
- Risk: below-national safety metrics and accessible ownership may pressure pricing at certain tiers