| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1402 Acton Ave, Duncanville, TX, 75137, US |
| Region / Metro | Duncanville |
| Year of Construction | 1980 |
| Units | 64 |
| Transaction Date | 2021-09-09 |
| Transaction Price | $15,114,800 |
| Buyer | LSC CANDLELIGHT OWNER LLC |
| Seller | RESIDENCE AT CANDLELIGHT PARK APARTMENTS |
1402 Acton Ave, Duncanville TX Multifamily
Renter demand is supported by strong neighborhood grocery access and steady occupancy that tracks near metro norms, according to WDSuite’s CRE market data. The 3-mile area shows ongoing population and household growth, reinforcing a stable tenant base for sustained leasing.
Located in an inner-suburban pocket of the Dallas–Plano–Irving metro, the neighborhood scores a C and performs competitively on daily needs despite mixed lifestyle amenities. Grocery density sits in the top quartile nationally and ranks 36 out of 1,108 metro neighborhoods, while park access is also strong relative to national peers. Restaurant options are solid, though cafes and pharmacies are thinner locally, which may slightly limit walkable conveniences.
Neighborhood rents trend above national medians, and occupancy is roughly in line with metro averages based on WDSuite’s CRE market data. The renter-occupied share is elevated compared with national benchmarks (82nd percentile), indicating a deeper tenant pool that can help support leasing and renewal velocity for multifamily assets.
Within a 3-mile radius, demographics point to a growing renter base: recent increases in population and households, alongside rising incomes, suggest continued depth for workforce-oriented housing. Projected gains over the next five years indicate a larger pool of renters entering the market, which can support occupancy stability and measured rent growth management.
Home values in the immediate area are lower than many national peers, creating a relatively accessible ownership market. For investors, this can mean occasional competition from entry-level ownership; however, it also supports resident retention where professionally managed communities offer quality, convenience, and predictable costs. The property’s 1980 vintage is slightly older than the neighborhood’s average construction year (1983), pointing to potential value-add through targeted renovations and systems upgrades to enhance competitive positioning.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location, so direct rank or trend comparisons within the Dallas–Plano–Irving metro cannot be cited. Investors typically pair neighborhood data with local law enforcement reports and on-the-ground diligence to assess block-by-block conditions and how they may influence leasing strategy and retention.
Proximity to major corporate headquarters in and around Dallas underpins commuter convenience and supports renter demand. Key nearby employers include telecommunications, healthcare, engineering, building materials, and energy firms noted below.
- AT&T — telecommunications (11.6 miles) — HQ
- Tenet Healthcare — healthcare services (11.8 miles) — HQ
- Jacobs Engineering Group — engineering & consulting (11.9 miles) — HQ
- Builders Firstsource — building materials (12.0 miles) — HQ
- Hollyfrontier — energy (12.2 miles) — HQ
This 64-unit, 1980-vintage asset in Duncanville offers exposure to an inner-suburban location with strong daily-needs access and a renter base that skews above national norms. Occupancy in the neighborhood is broadly consistent with metro averages, while 3-mile demographic trends point to continued population and household growth—factors that can support tenant demand and lease stability. The vintage suggests practical value-add potential through unit and common-area upgrades, as well as selective building systems improvements.
According to commercial real estate analysis from WDSuite, the area’s grocery and park access ranks well versus national peers, and neighborhood rents sit above national medians, supporting revenue management in professionally managed communities. At the same time, relatively accessible home values mean investors should plan for some competition from entry-level ownership and focus on service quality and convenience to reinforce retention.
- Inner-suburban Dallas location with strong grocery and park access supporting daily-needs appeal.
- Neighborhood occupancy tracks near metro norms, with 3-mile population and household growth supporting demand.
- 1980 vintage provides actionable value-add and CapEx planning opportunities to enhance competitiveness.
- Elevated renter concentration relative to national benchmarks deepens the tenant pool for leasing and renewals.
- Risk: Amenity mix is lighter on cafes/pharmacies and ownership remains relatively accessible, requiring focus on service and convenience to drive retention.