| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3880 S Walton Walker Blvd, Dallas, TX, 75236, US |
| Region / Metro | Dallas |
| Year of Construction | 1987 |
| Units | 67 |
| Transaction Date | 2013-10-22 |
| Transaction Price | $1,701,600 |
| Buyer | MERCER CHARLES |
| Seller | 12 WALKER MANAGEMENT LLC |
3880 S Walton Walker Blvd Dallas Multifamily Investment
Neighborhood occupancy is broadly stable and renter demand is supported by a majority renter-occupied housing base, according to WDSuite’s CRE market data. Positioning skews workforce-oriented with room for operational upside rather than top-of-market finishes.
This Inner Suburb location in Dallas balances steady renter demand with pragmatic expectations on amenities. Neighborhood occupancy trends sit above national norms (top 30% nationally), which supports income consistency for multifamily assets nearby. Grocery access is relatively serviceable compared with many areas (competitive nationally), while cafes, restaurants, parks, and pharmacies are thinner in the immediate area, suggesting a more utilitarian living pattern and car-reliant routines.
Renter-occupied housing accounts for roughly half of units in the neighborhood, indicating a deep tenant base and reinforcing multifamily demand. Median contract rents benchmark in the upper-mid range nationally, while the local rent-to-income profile points to some affordability pressure that owners should account for in renewal strategies and lease management.
Within a 3-mile radius, recent years show modest population contraction but a growing income profile. Forward-looking projections point to population growth and a notable increase in households alongside smaller average household sizes, expanding the renter pool and supporting occupancy stability and leasing velocity for well-managed assets.
The asset’s 1987 vintage is newer than the neighborhood’s average stock from the late 1970s, supporting competitive positioning versus older comparables. Investors should still plan for selective system upgrades and common-area refreshes to capture value-add potential and align to current resident expectations.
Home values in the neighborhood sit in the upper half nationally, and the value-to-income relationship resembles a high-cost ownership market. For operators, that context can sustain renter reliance on multifamily housing and aid retention, even as schools rate below metro averages and may influence unit mix and marketing strategy.
Safety indicators for the neighborhood track below national averages, placing it outside the top half of neighborhoods nationwide. Within the Dallas–Plano–Irving metro, the area ranks in the lower tier among 1,108 neighborhoods, signaling that operators should underwrite with conservative assumptions for security, lighting, and property management presence.
Recent year-over-year data shows an uptick in both property and violent offenses locally. While many urban submarkets have seen similar fluctuations, investors should assess trendlines, daypart patterns, and on-site mitigation measures when benchmarking insurance, operating expenses, and resident experience.
Proximity to major corporate headquarters supports a broad workforce renter base and commute convenience, which can aid leasing and retention. Key nearby employers include AT&T, Tenet Healthcare, Jacobs Engineering Group, Builders FirstSource, and HollyFrontier.
- AT&T — telecommunications (7.9 miles) — HQ
- Tenet Healthcare — healthcare services (8.1 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (8.3 miles) — HQ
- Builders Firstsource — building materials (8.3 miles) — HQ
- Hollyfrontier — energy (8.4 miles) — HQ
Positioned in a renter-heavy Dallas neighborhood with above-average occupancy, the property benefits from a deep tenant base and a high-cost ownership context that sustains reliance on multifamily housing. The 1987 vintage is newer than the local average, providing a competitive edge versus older stock while leaving room for value-add through targeted systems and finish updates. According to WDSuite’s commercial real estate analysis, the nearby workforce concentration and projected household growth within 3 miles support demand durability.
Underwriting should incorporate measured rent growth and expense controls given localized affordability pressures, thinner amenity density, and safety metrics that trail metro and national benchmarks. With disciplined operations and pragmatic capital planning, the asset can focus on steady occupancy and incremental upgrades to drive returns.
- Renter-occupied share near half supports a broad, stable tenant base and occupancy resilience.
- 1987 construction offers relative competitiveness versus older neighborhood stock with clear value-add pathways.
- High-cost ownership context reinforces renter reliance, aiding retention and pricing power for well-run assets.
- Proximity to major corporate HQs supports leasing velocity and reduces commute frictions for residents.
- Risks: affordability pressure, lower comparative safety, and thinner neighborhood amenities warrant conservative underwriting.