| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 18th | Poor |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9633 Seagoville Rd, Dallas, TX, 75217, US |
| Region / Metro | Dallas |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | 2016-06-03 |
| Transaction Price | $689,000 |
| Buyer | ARA MANAGEMENT LLC |
| Seller | WOOD SHAUN D |
9633 Seagoville Rd Dallas 30-Unit Multifamily Investment
Neighborhood occupancy runs high and steady while the 1972 vintage suggests clear value-add levers, according to CRE market data from WDSuite. Expect durable renter demand at a pragmatic price point, with upside linked to targeted renovations and ongoing lease management.
Positioned in a suburban pocket of Dallas, the property benefits from a neighborhood occupancy level that sits in the top quartile nationally and is competitive among Dallas-Plano-Irving neighborhoods, based on WDSuite’s CRE market data. That backdrop supports near-term leasing stability for workforce-oriented assets.
Local amenity access is mixed: parks coverage is strong (above most U.S. neighborhoods), and grocery access tracks above national norms, while cafes and pharmacies are sparse. Average school ratings in the area trend below national medians, which can influence family renter retention and should be reflected in leasing strategy and unit mix.
The building’s 1972 construction is older than the neighborhood’s average stock (1980s era), pointing to potential capital needs but also to renovation and repositioning upside against a largely 1980s cohort. Thoughtful upgrades can enhance competitiveness without over-improving relative to surrounding product.
Within a 3-mile radius, approximately four in ten housing units are renter-occupied, indicating a meaningful renter base that can support absorption and renewal activity. Recent data show modest population slippage alongside essentially flat household counts; projections suggest households could expand even if population contracts, implying smaller household sizes and a broader leasing funnel concentrated in attainable product. Home values are relatively accessible versus many U.S. markets, which can introduce some competition from entry-level ownership; however, the area’s rent-to-income profile indicates manageable affordability pressure that can aid retention.
Safety performance is below national medians for both property and violent offenses when compared with neighborhoods nationwide. Even so, recent trends show improvement in violent incidents year over year, a constructive signal for long-term operators monitoring risk and insurance costs.
At the metro level, this area is not among the top-performing Dallas neighborhoods for safety, so prudent measures—such as lighting, access control, and resident engagement—can support on-site conditions and leasing outcomes over time.
Proximity to major corporate headquarters in Dallas underpins a broad employment base that supports renter demand and commute convenience, notably across telecom, building materials, engineering, and healthcare.
- AT&T — telecom (9.7 miles) — HQ
- Builders Firstsource — building materials (9.7 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (9.7 miles) — HQ
- Tenet Healthcare — healthcare services (10.0 miles) — HQ
- Dean Foods — food & beverage (10.3 miles) — HQ
9633 Seagoville Rd offers durable occupancy support from a neighborhood that ranks in the top quartile nationally for occupied housing, with rents that align to an attainable price point for the local workforce. The 1972 vintage presents a straightforward value-add path—interior refreshes, common-area upgrades, and operational improvements—to sharpen positioning against a predominantly 1980s peer set. According to WDSuite’s commercial real estate analysis, amenity coverage is strongest in parks and groceries, while school quality and safety metrics lag, suggesting investors should emphasize resident experience, lighting and access control, and service consistency to sustain retention.
Within a 3-mile radius, renter concentration provides depth to the tenant base, and forward-looking data indicate households could rise even if population trends soften, pointing to smaller household sizes and continuing demand for attainable multifamily units. Ownership remains relatively accessible in this part of Dallas, which may temper rent growth at the margin; disciplined pricing and renewal strategies can preserve occupancy while capturing renovation-driven premiums.
- High neighborhood occupancy supports leasing stability and renewal performance.
- 1972 vintage enables practical value-add scope versus largely 1980s stock.
- Parks and grocery access bolster livability for workforce renters.
- Renter depth within 3 miles and expected household expansion support demand for attainable units.
- Key risks: below-median school and safety metrics; potential competition from entry-level ownership.