| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 19th | Poor |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3810 Bonnie View Rd, Dallas, TX, 75216, US |
| Region / Metro | Dallas |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3810 Bonnie View Rd Dallas Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deeper tenant base even as occupancy runs soft, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Dallas where neighborhood occupancy trends are weaker than the metro, pointing to potential leasing volatility. Median contract rents in the area are toward the lower end of the Dallas distribution yet roughly middle-of-the-pack nationally, which can aid price-to-demand matching and support lease-up when positioned correctly.
Renter concentration is high: 61.7% of housing units in the neighborhood are renter-occupied (top quartile among 1,108 metro neighborhoods). For investors, this indicates a sizable, established renter pool that can underpin demand for a 20-unit asset, though proactive tenant retention and credit screening remain important as occupancy is below metro norms.
Amenity access is mixed. Grocery availability is competitive locally (top quartile among 1,108 Dallas–Plano–Irving neighborhoods and well above most neighborhoods nationally), but cafes, parks, childcare, and pharmacies are limited within the immediate neighborhood. For value-add strategies, on-site conveniences and resident services may differentiate versus nearby options.
Within a 3-mile radius, WDSuite data shows recent population and household growth with additional gains forecast, expanding the local renter base. Median home values remain modest in absolute terms, but relative to incomes the ownership market skews higher-cost for many households (elevated value-to-income ratio), which tends to reinforce reliance on multifamily rentals and can support occupancy stability and lease retention.
The building s 1986 vintage is slightly newer than the neighborhood s average stock from 1980. That positioning can be competitive versus older properties; however, investors should plan for targeted modernization (exteriors, common areas, and aging systems) to meet renter expectations and sustain pricing power.
Safety metrics for the neighborhood trail both metro and national benchmarks. Based on WDSuite s data, the area falls below metro average safety and sits around the lower quintile nationally, signaling that prudent security measures and active property management will be important to support retention and collections.
Recent year-over-year readings indicate increases in both property and violent offense rates at the neighborhood level. While conditions can vary block to block, investors should underwrite for enhanced lighting, access control, and community engagement, and monitor citywide trend improvements rather than relying on short-term fluctuation.
Nearby headquarters and corporate offices in Downtown and surrounding districts support a broad employment base that can feed renter demand and shorten commutes for residents. Key employers in range include telecommunications, engineering, building materials, healthcare, and energy.
- AT&T — telecommunications (4.8 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (5.1 miles) — HQ
- Builders Firstsource — building materials (5.1 miles) — HQ
- Tenet Healthcare — healthcare services (5.2 miles) — HQ
- Hollyfrontier — energy (6.0 miles) — HQ
3810 Bonnie View Rd offers exposure to a renter-heavy Dallas neighborhood where local rents track toward the metro’s lower band while remaining broadly aligned with national medians. Within a 3-mile radius, population and household counts have been increasing with further growth forecast, pointing to a larger tenant base over the medium term. At the same time, neighborhood occupancy is soft, so underperformance risk is real; disciplined operations and product differentiation should matter more than average.
The 1986 vintage provides a slightly newer profile than much of the surrounding 1980-era stock, with potential to compete effectively after targeted upgrades. According to CRE market data from WDSuite, neighborhood occupancy lags metro norms and rent-to-income is elevated, suggesting investors should budget for resident affordability pressure while leveraging the area’s high renter-occupied share to support leasing stability.
- High renter concentration supports depth of tenant base for a 20-unit asset
- Rents at the lower end of the metro help maintain demand and lease-up
- 1986 construction offers value-add upside via renovations and system refresh
- 3-mile population and household growth expands the prospective renter pool
- Risks: below-metro occupancy and affordability pressure require proactive management and retention strategies