| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 63rd | Best |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 190 N Coventry Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 2004 |
| Units | 86 |
| Transaction Date | 2002-03-05 |
| Transaction Price | $1,056,000 |
| Buyer | CLOVIS COVENTRY PLACE LP |
| Seller | DICTOS PERRY |
190 N Coventry Ave, Clovis CA Multifamily Investment
Neighborhood occupancy remains high and household growth in the surrounding area supports a stable renter base, according to WDSuite’s CRE market data. The investment angle centers on durable demand drivers rather than amenity-driven premiums.
This suburban Clovis location emphasizes stability over flash. Neighborhood occupancy is strong at the area level, while the 3-mile radius shows population and household expansion that broadens the tenant base. With a median household income that trends high for the metro and a rent-to-income profile around 20% at the neighborhood scale, retention prospects look constructive from an investor standpoint.
Schools in the neighborhood rate well (average 4.0 out of 5), placing performance in the upper tier nationally, which can support demand from families seeking longer tenures. By contrast, lifestyle amenities (cafes, restaurants, parks) are limited nearby, consistent with the suburban character; investors should underwrite more car-oriented living rather than walkable premiums.
Home values benchmark higher than much of the nation, and household incomes are comparatively strong. In practice, this high-cost ownership context can sustain renter reliance on multifamily housing and support lease stability, while still requiring disciplined pricing given elevated rent levels in the neighborhood over the last cycle. The neighborhood’s renter-occupied share is modest, but the 3-mile radius shows a larger renter pool and continued household growth, which supports demand depth for larger properties.
The property’s submarket positioning aligns with family-oriented demand and commute needs across Fresno–Clovis. Relative to metro peers, the neighborhood’s overall rating (B+) and high occupancy signal competitive fundamentals; however, limited immediate amenities suggest that marketing should focus on space, schools, and convenience rather than urban lifestyle features. This context fits investors screening assets through rigorous commercial real estate analysis.
Safety metrics for the neighborhood compare favorably at the national level. Estimated violent offense rates sit in the upper tier nationally (around the 77th percentile), and property offense measures are also strong (roughly the 83rd percentile), indicating a comparatively safer environment than many U.S. neighborhoods.
Trend signals are mixed: recent data show a sharp year-over-year decline in estimated property offenses, while violent offense estimates rose over the same period. For investors, this suggests a generally favorable baseline with near-term variability to monitor, rather than a structural shift. As always, underwrite with regional context and current-period comparables.
The broader Fresno–Clovis employment base anchors renter demand, with regional food processing and corporate services within commuting reach. The list below reflects nearby corporate offices relevant to workforce housing dynamics referenced here.
- Con Agra Foods — food processing corporate offices (31.7 miles)
Constructed in 2004, the 86-unit asset is newer than the neighborhood’s average vintage, positioning it competitively versus older stock while leaving room for targeted modernization to drive rent premiums. Based on CRE market data from WDSuite, neighborhood occupancy is high and the 3-mile radius shows population and household growth, supporting a larger tenant base and helping sustain leasing stability.
Income levels and elevated ownership costs in the area underpin continued renter reliance on multifamily housing, while school quality supports longer stays for family renters. Risks to underwrite include limited immediate walkable amenities, a relatively modest renter-occupied share in the immediate neighborhood, and mixed short-term safety trends; prudent lease management and value-add planning can mitigate these factors.
- 2004 vintage offers competitive position versus older stock, with selective upgrades as a value-add path
- High neighborhood occupancy and expanding 3-mile tenant base support leasing stability
- Strong incomes and elevated ownership costs reinforce rental demand and retention
- Family-friendly school ratings align with larger-unit demand characteristics
- Risks: suburban amenity scarcity, modest immediate renter concentration, and mixed near-term safety trends