| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3619 Bolivar Dr, Dallas, TX, 75220, US |
| Region / Metro | Dallas |
| Year of Construction | 1984 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3619 Bolivar Dr Dallas Multifamily Near Major Employers
Positioned in an inner-suburb pocket of Dallas with neighborhood occupancy above the national median and a renter-occupied share near half, this asset benefits from steady demand supported by nearby job centers, according to WDSuite’s CRE market data.
This inner-suburb Dallas location offers strong daily-life convenience that supports tenant retention. The neighborhood scores above the national median for overall housing fundamentals, with dense food-and-beverage options and ample pharmacies and groceries nearby (restaurants and cafes rank in the top decile nationally, while grocery and pharmacy access also outpace most U.S. neighborhoods). Childcare and formal park access are limited, which may temper appeal for some family renters, and average school ratings in the area trend below the national midpoint.
For investors, renter concentration is elevated relative to most neighborhoods nationwide, indicating a deep tenant base and stable leasing velocity. Neighborhood occupancy is above the national median and has improved over the last five years, signaling resilient demand. Home values are comparatively high for local incomes in national terms, creating a high-cost ownership market that tends to sustain reliance on multifamily rentals and can support pricing power when lease management is disciplined.
The property’s vintage is 1984, newer than the neighborhood’s average construction year (1966). That positioning can be competitive versus older stock, though investors should plan for targeted modernization and system updates typical of 1980s assets to sharpen leasing and reduce long-term capex surprises.
Demographic statistics aggregated within a 3-mile radius show a modest population dip alongside an increase in household count and smaller average household sizes. Looking ahead to the current WDSuite forecast period, households and incomes are expected to trend higher, which points to a larger tenant base and supports occupancy stability and rent growth potential for well-managed multifamily assets.
Safety indicators for the neighborhood are below the national median, meaning crime levels are higher than in many U.S. neighborhoods. Trend data is mixed: violent incidents show improvement year over year, while property offenses have recently ticked up. For underwriting, this suggests focusing on security features, lighting, and resident engagement to support retention and mitigate loss-to-lease risk.
Within the Dallas-Plano-Irving metro, the area is competitive among peer neighborhoods but not top quartile nationally. Investors should benchmark operating strategies against similar inner-suburb assets that perform well despite comparable safety profiles, emphasizing professional management and preventative maintenance.
Proximity to major corporate offices anchors the local employment base and supports renter demand through short commutes and retention. Notable nearby employers include Southwest Airlines, Xerox, Energy Transfer Equity, Energy Transfer, and Celanese.
- Southwest Airlines — airline HQ/corporate offices (1.4 miles) — HQ
- Xerox — technology & business services (1.9 miles)
- Energy Transfer Equity — energy infrastructure (3.0 miles) — HQ
- Energy Transfer — energy infrastructure (4.8 miles)
- Celanese — specialty materials (5.0 miles) — HQ
3619 Bolivar Dr offers investors a 64-unit, 1984-vintage multifamily position in an inner-suburb Dallas neighborhood with above-median occupancy and a sizable renter base. Strong amenity access (notably dining and daily-needs retail) and proximity to major employers help support leasing stability. Within a 3-mile radius, household counts are rising even as average household size trends lower, indicating a larger pool of renting households over time. According to CRE market data from WDSuite, ownership costs in national context are relatively elevated for local incomes, which tends to reinforce rental demand and can aid pricing power for well-managed assets.
The 1980s vintage is newer than much of the surrounding housing stock, offering competitive positioning against older properties, while still leaving room for targeted renovations to lift rents and reduce ongoing capex. Safety metrics trail the national median and school quality trends lower, so underwriting should incorporate security enhancements and careful tenant screening; however, employer concentration and neighborhood occupancy trends provide counterbalance for long-term hold strategies focused on operational execution.
- Above-median neighborhood occupancy and elevated renter concentration support demand stability
- 1984 vintage newer than area average, with value-add and modernization upside
- Dense amenities and proximity to major employers bolster retention and leasing velocity
- High-cost ownership context reinforces reliance on rentals, aiding pricing power
- Risks: below-median safety and weaker school ratings require strong management and underwriting