| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 11th | Poor |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3246 Webb Chapel Ext, Dallas, TX, 75220, US |
| Region / Metro | Dallas |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3246 Webb Chapel Ext Dallas Multifamily Investment
Neighborhood indicators point to a deep renter base that supports leasing stability for this 20-unit asset, based on CRE market data from WDSuite, with a high share of renter-occupied housing units in the immediate area.
This Inner Suburb pocket of Dallas offers everyday convenience that resonates with renters: grocery access is among the strongest in the metro and restaurant density is high, while cafes, parks, and pharmacies are thinner. Among 1,108 Dallas–Plano–Irving neighborhoods, the amenity mix is competitive and supports day-to-day livability for workforce households.
The neighborhood s housing stock shows a very high renter-occupied share (measured as the portion of housing units that are renter-occupied), which typically supports a broad tenant base and steady apartment demand. Neighborhood occupancy sits in the lower half of the metro distribution, suggesting that effective leasing, value-oriented positioning, and resident retention programs are important to sustain performance.
Demographics aggregated within a 3-mile radius show household counts have increased over the past five years and are projected to grow substantially by 2028, while average household size trends smaller. This points to renter pool expansion and can help support occupancy and leasing velocity. Median contract rents in the 3-mile area have risen in recent years and are forecast to continue growing, reinforcing revenue potential while warranting active affordability and renewal management.
The property s 1984 vintage is older than the neighborhood s average construction year (1992), creating potential for targeted renovations and ongoing capital planning to remain competitive against newer product.
Safety outcomes in this neighborhood track below the national median; however, year-over-year trends show declines in both estimated violent and property offenses, according to WDSuite s CRE market data. For investors, the improving direction is constructive, but underwriting should incorporate prudent security measures and operating practices typical for inner-suburban Dallas assets.
Nearby corporate offices provide a broad employment base that supports renter demand and commute convenience, including Southwest Airlines, Xerox, Energy Transfer Equity, Celanese, and Energy Transfer.
- Southwest Airlines — corporate offices (1.1 miles) — HQ
- Xerox — corporate offices (1.5 miles)
- Energy Transfer Equity — corporate offices (3.4 miles) — HQ
- Celanese — corporate offices (4.6 miles) — HQ
- Energy Transfer — corporate offices (4.9 miles)
Positioned in an Inner Suburb of Dallas with a very high neighborhood renter-occupied share, 3246 Webb Chapel Ext benefits from a broad tenant base and proximity to major employers. According to CRE market data from WDSuite, neighborhood occupancy trends sit in the lower half of the metro distribution, so performance hinges on value-oriented operations, disciplined renewal management, and resident retention.
Within a 3-mile radius, household counts have grown and are projected to increase further by 2028 as average household size declines—an outlook consistent with a larger pool of renters and support for leasing velocity. The 1984 vintage is older than the area s average construction year, creating value-add potential through selective renovations and system upgrades to enhance competitiveness against newer stock while managing capex. Recent and forecast rent growth in the surrounding area bolsters revenue potential but also calls for careful affordability monitoring to protect retention.
- Deep local renter base and strong employer proximity support demand
- 1984 vintage offers value-add and capex-driven competitiveness versus newer supply
- 3-mile household growth and smaller household sizes expand the renter pool
- Revenue potential from rising area rents, balanced by active affordability and renewal management
- Risks: below-median safety metrics and neighborhood occupancy in lower half of metro warrant focused operations and retention