| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 94th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3516 Matilda St, Dallas, TX, 75206, US |
| Region / Metro | Dallas |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3516 Matilda St Dallas 24-Unit Value-Add Multifamily
Positioned in an Urban Core pocket with high-income renter demand and elevated neighborhood home values, this 1972, 24-unit asset offers value-add potential and durable leasing fundamentals, according to WDSuite’s CRE market data.
The property sits in a Dallas Urban Core neighborhood rated A that ranks within the top quartile among 1,108 metro neighborhoods. Restaurant density tracks in the upper tier nationally (94th percentile), with grocery and pharmacy access also strong (77th and 90th percentiles), while parks and cafes are limited in the immediate area. Average school ratings in the neighborhood rank first among 1,108 metro neighborhoods and are top percentile nationally, a signal of local stability that can support renter retention over time (metrics describe the neighborhood, not this property).
Neighborhood rents are comparatively high (median contract rent sits in an upper national bracket), and home values are elevated relative to incomes, reinforcing reliance on multifamily housing. With a neighborhood renter-occupied share substantial and the 3-mile area showing a renter concentration of 61% of housing units, the tenant base is broad, supporting consistent leasing and renewal prospects.
Within a 3-mile radius, demographics indicate a larger working-age cohort and rising incomes; households are projected to increase materially over the next five years, pointing to renter pool expansion and support for occupancy stability. At the same time, recent neighborhood occupancy has trended softer than national norms, so underwriting should assume competitive lease-up and active management to maintain performance (figures reflect neighborhood conditions per WDSuite).
The asset’s 1972 vintage is slightly older than the neighborhood’s average construction year (mid-1970s), suggesting practical opportunities for targeted renovations—interiors, building systems, and curb appeal—to enhance competitiveness versus newer stock while planning for near- to medium-term capital expenditures.
Safety indicators for the neighborhood track around the metro median (crime rank near the midpoint among 1,108 neighborhoods) and below the national median for safety (national percentiles in the 30s to low 40s indicate comparatively higher reported incidents than many U.S. neighborhoods). Recent trends show property-related incidents ticking up year over year, while violent incident rates edged down, per WDSuite’s neighborhood benchmarks. These patterns warrant routine on-site security measures and resident engagement but are not atypical for Urban Core subareas.
Nearby corporate anchors provide a strong employment base and convenient commutes that can support leasing and retention, including Dean Foods, Energy Transfer, Energy Transfer Equity, Hollyfrontier, and Builders Firstsource.
- Dean Foods — corporate offices (2.2 miles) — HQ
- Energy Transfer — corporate offices (2.4 miles)
- Energy Transfer Equity — corporate offices (3.1 miles) — HQ
- Hollyfrontier — corporate offices (3.4 miles) — HQ
- Builders Firstsource — corporate offices (3.6 miles) — HQ
3516 Matilda St is a 24-unit, 1972-vintage multifamily positioned in a top-quartile Dallas Urban Core neighborhood. Elevated neighborhood home values and high-income households underpin a deep renter base, while proximity to multiple corporate headquarters supports steady demand and renewal potential. According to CRE market data from WDSuite, neighborhood rents track above national norms and the 3-mile area posts a high renter-occupied share, both favorable for long-term absorption and pricing power. Given the asset’s older vintage, a targeted value-add program can improve competitiveness versus newer product.
Key considerations include neighborhood occupancy running below national benchmarks and safety indicators around the metro median—factors that call for disciplined operations, tenant retention strategies, and capex planning. Even so, projected household growth within 3 miles suggests renter pool expansion that can support stabilized performance over a long hold.
- 1972 vintage supports a clear value-add plan to elevate unit finishes and systems.
- High-income renter base and elevated ownership costs reinforce leasing demand and pricing power.
- Proximity to major corporate offices and HQs supports retention and steady absorption.
- 3-mile household growth outlook points to renter pool expansion over the hold period.
- Risks: softer neighborhood occupancy and midrange safety require active management and thoughtful leasing strategy.