| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 24th | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7835 Military Pkwy, Dallas, TX, 75227, US |
| Region / Metro | Dallas |
| Year of Construction | 1989 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7835 Military Pkwy Dallas Multifamily Investment Opportunity
Neighborhood fundamentals indicate steady renter demand supported by strong grocery and restaurant density, while occupancy and school metrics require hands-on asset management, according to WDSuite s CRE market data.
Situated in Dallas County s suburban east side, the property benefits from a local amenity mix that is competitive among Dallas-Plano-Irving neighborhoods (ranked 442 out of 1,108). Grocery access is a relative strength (high nationally), and restaurants are well represented, which supports day-to-day convenience for residents and can aid leasing. By contrast, parks, pharmacies, and cafes are limited in the immediate neighborhood, which may modestly temper lifestyle appeal versus core Dallas submarkets.
The 1989 vintage is newer than the neighborhood s average construction year of 1974. For investors, this positioning can offer a competitive edge versus older stock, with the caveat that systems from the late-1980s era may still require targeted capital projects for modernization or repositioning to meet current renter expectations.
Neighborhood occupancy is measured at 86.1% (ranked 1,021 of 1,108), placing it below the metro median and signaling the need for disciplined operations and leasing strategy. The share of housing units that are renter-occupied in the neighborhood is 26.0% (above the metro median by rank), indicating a smaller renter concentration. This suggests a more selective but durable tenant base, with demand likely linked to workforce proximity and value-oriented housing. Median contract rents in the neighborhood sit in the lower national bands, which can support lease retention and reduce affordability pressure relative to higher-cost Dallas submarkets.
Within a 3-mile radius, demographics show a larger tenant base forming through household growth (+7.3% over the past five years) even as average household size trends down, pointing to more households occupying available housing. Population has grown modestly over the same lookback, and forward projections suggest fewer people but a continued increase in household counts over the next five years, implying smaller household sizes and a potentially expanding renter pool. Rising median incomes and rent levels in this radius support the case for measured rent growth while maintaining leasing velocity.
Home values in the neighborhood are lower relative to national benchmarks, creating a more accessible ownership landscape. For multifamily owners, this can introduce competition from entry-level ownership options; however, it may also support steady demand for cost-effective rentals and aid retention among value-seeking residents. Average school ratings trend below national midpoints, which can shape the resident mix and warrants amenity and service strategies geared to workforce households.
Safety indicators for the neighborhood track below national midpoints, with overall crime benchmarking around the lower national percentiles. Relative to the Dallas-Plano-Irving metro, the neighborhood s crime rank is mid-pack (503 out of 1,108), indicating conditions that are neither top-quartile nor metro-leading. For investors, this points to the importance of visible property management, lighting, and access controls to support resident comfort and leasing.
Trend-wise, estimated property offenses improved year over year (declining by roughly one-fifth and ranking 305 of 1,108 for improvement), and violent offense rates also moved in a better direction. While national percentile positions remain weaker today, the downtrend is constructive and aligns with risk management and community engagement to support resident retention.
The property sits within commuting distance of several large corporate headquarters and offices that underpin renter demand through stable, white-collar employment and diversified industries. The nearby base includes Builders FirstSource, Jacobs Engineering Group, AT&T, Dean Foods, and Tenet Healthcare.
- Builders Firstsource — corporate headquarters (6.5 miles) — HQ
- Jacobs Engineering Group — engineering corporate headquarters (6.6 miles) — HQ
- AT&T — telecom corporate headquarters (6.6 miles) — HQ
- Dean Foods — food & beverage corporate headquarters (6.6 miles) — HQ
- Tenet Healthcare — healthcare corporate headquarters (6.9 miles) — HQ
This 31-unit, 1989-vintage asset offers a value-oriented play in East Dallas with proximity to major employment centers and a neighborhood amenity mix that supports daily needs. The vintage is newer than nearby stock, providing relative competitiveness versus 1970s-era properties, while still leaving room for targeted renovations to drive rent positioning and reduce future capex surprises. Neighborhood occupancy sits below metro medians, so performance will hinge on disciplined operations, but household growth within a 3-mile radius and rising incomes indicate a larger tenant base and potential for steady leasing. According to CRE market data from WDSuite, local rents and rent-to-income dynamics remain comparatively manageable, supporting retention and measured pricing power in workforce housing segments.
Demand is reinforced by commuting access to multiple corporate headquarters in the urban core, which can stabilize tenancy despite softer school ratings and a smaller renter concentration in the immediate neighborhood. Lower relative home values introduce some competition from ownership, but they also sustain interest in well-managed, cost-effective rentals. Execution focuses on curb appeal, security features, and unit modernization to capture value-add upside while managing risk.
- 1989 vintage is newer than local stock, enabling competitive positioning with selective upgrades.
- Household growth within 3 miles and rising incomes point to a larger tenant base and leasing stability.
- Proximity to major Dallas corporate headquarters supports workforce demand and retention.
- Manageable rent-to-income dynamics, per WDSuite data, allow for disciplined rent trade-ups without overextending residents.
- Risks: below-metro neighborhood occupancy, lower national safety percentile, and competition from entry-level ownership options.