| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 61st | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7610 Skillman St, Dallas, TX, 75231, US |
| Region / Metro | Dallas |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7610 Skillman St Dallas 20-Unit Multifamily Investment
Renter concentration in the surrounding neighborhood is high while asking rents sit in a mid-range band, supporting a broad tenant base according to WDSuite’s CRE market data. Neighborhood occupancy is softer than metro norms, so underwriting should emphasize leasing velocity and retention rather than aggressive rent push.
Positioned in Dallas’s Urban Core, the property benefits from a renter-driven housing base: the neighborhood shows a high share of renter-occupied units (64.1%), indicating depth for multifamily leasing and renewals. At the same time, the neighborhood’s reported occupancy is below national norms, suggesting investors should prioritize operational execution and targeted concessions to stabilize tenancy if needed.
Local daily-needs access is a relative strength. Grocery and pharmacy density rank competitively versus U.S. neighborhoods (both in the upper national percentiles), while restaurants are also plentiful. By contrast, nearby parks and cafes are limited, so onsite amenities and unit upgrades can play a larger role in resident satisfaction and retention.
Within a 3-mile radius, households have grown modestly over the past five years and are projected to increase materially by 2028, expanding the renter pool and supporting occupancy stability. Median incomes in the 3-mile area have trended upward and are forecast to rise further, and rent levels are expected to grow from current mid-range levels—factors that can support pricing power when paired with solid asset management.
Home values in the neighborhood sit near national midpoints, which can create some competition from ownership options; however, a relatively manageable rent-to-income profile at the neighborhood level supports lease retention strategies over aggressive rent growth. The average construction year for nearby stock skews early-1980s, so refreshed 1980s-vintage assets can outperform older comparables with focused renovations and strong curb appeal.
Neighborhood safety indicators are below the national median and below the metro median among 1,108 Dallas–Plano–Irving neighborhoods, according to WDSuite’s CRE data. Recent estimates also point to year-over-year increases in both property and violent offenses, so investors should underwrite professional security measures, lighting, and surveillance as part of asset plans.
From an investment perspective, framing is key: safety trends can influence leasing velocity and renewal probabilities. Positioning with resident screening, visible management presence, and coordination with local community resources can help mitigate downside risk and support stabilized operations.
Proximity to major employers supports a steady workforce renter base and commute convenience, with concentrations in semiconductors, energy, life sciences, and defense—drivers that can aid leasing continuity and renewals.
- Texas Instruments South Campus — semiconductors (2.1 miles)
- Texas Instruments — semiconductors (2.2 miles) — HQ
- Energy Transfer Equity — midstream energy (4.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.7 miles)
- General Dynamics — defense & aerospace offices (6.2 miles)
Built in 1986, the asset is slightly newer than the neighborhood’s early-1980s average, offering a solid platform for targeted value-add—think exterior refresh, common-area upgrades, and in-unit modernization to differentiate from older stock. Neighborhood renter concentration is high, and within a 3-mile radius households are projected to expand meaningfully, supporting a larger tenant base and potential occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy currently trails metro norms, so returns will hinge on disciplined leasing, renewal management, and amenity strategy rather than outsized rent increases.
Local access to groceries, pharmacies, and restaurants is a practical draw, and ownership costs near national midpoints suggest rentals remain competitive for many households. Safety indicators are weaker than national medians, which warrants prudent security planning and expense reserves, but proximity to major employers helps underpin demand for workforce-oriented housing.
- 1986 vintage with clear value-add path to compete against older nearby stock
- High neighborhood renter-occupied share supports depth of tenant demand
- 3-mile household growth outlook expands renter pool and supports stabilization
- Daily-needs access (groceries, pharmacies, restaurants) aids retention and leasing
- Risks: below-median safety and softer neighborhood occupancy require strong operations and security planning