| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 52nd | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Stroud Ave, Kingsburg, CA, 93631, US |
| Region / Metro | Kingsburg |
| Year of Construction | 1987 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
801 Stroud Ave Kingsburg Multifamily Investment
This 38-unit property built in 1987 offers exposure to a stable suburban neighborhood with above-average safety metrics and growing household income trends. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for low crime rates.
Located in Kingsburg's suburban environment, this neighborhood demonstrates solid fundamentals for multifamily investment. The area ranks 39th among 246 metro neighborhoods with an A- rating, placing it above the metro median for overall investment attractiveness. Neighborhood-level occupancy stands at 94.3%, indicating stable rental demand, while the median contract rent of $922 reflects affordable housing options that support tenant retention.
Demographics within a 3-mile radius show a population of approximately 14,600 residents with steady household income growth. Median household income reached $80,652, with forecasts projecting 25.7% growth over the next five years. The renter-occupied share of 32.2% provides a solid tenant base, while projected household growth of 54.7% through 2028 suggests expanding rental demand to support occupancy stability.
Built in 1987, this property aligns with the neighborhood's average construction year of 1968, indicating potential value-add opportunities through strategic renovations and unit improvements. The area maintains reasonable rent-to-income ratios at 0.14, supporting affordability for tenants while home values at $415,933 reinforce rental demand as ownership costs remain elevated relative to regional averages.
Amenity access remains moderate with grocery stores, restaurants, and cafes providing tenant convenience. School ratings average 2.5 out of 5, which may influence family tenant demographics but doesn't significantly impact overall rental fundamentals given the diverse household composition and income stability in the area.
Safety metrics present a compelling investment consideration for this Kingsburg neighborhood. The area ranks 13th out of 246 metro neighborhoods for crime, placing it in the 81st national percentile - indicating significantly lower crime rates compared to neighborhoods nationwide. Property offense rates have declined substantially by 60.1% over the past year, ranking 21st among metro neighborhoods for crime reduction trends.
Violent crime rates remain exceptionally low at 1.7 incidents per 100,000 residents, ranking 1st among all metro neighborhoods and in the 94th national percentile. This safety profile supports tenant retention and can contribute to stable occupancy rates, as residents typically prioritize secure living environments when making rental decisions.
The employment base includes major corporate offices within reasonable commuting distance, supporting workforce housing demand in the area.
- International Paper - manufacturing and paper products (26.3 miles)
- Con Agra Foods - food processing and consumer goods (29.3 miles)
This 38-unit property in Kingsburg presents a stable suburban multifamily investment with strong safety fundamentals and demographic tailwinds. Built in 1987, the asset offers value-add potential through strategic renovations while benefiting from neighborhood-level occupancy of 94.3% and affordable rent structures that support tenant retention. Projected household growth of 54.7% through 2028 within the 3-mile radius indicates expanding rental demand, while median household income growth forecasts of 25.7% suggest improving tenant quality over time.
The neighborhood's top-quartile safety ranking nationally and exceptional violent crime performance create attractive living conditions that support occupancy stability. However, investors should monitor the moderate school ratings and limited immediate employment base, which may influence tenant demographics and require focused leasing strategies to maintain competitive positioning in the local rental market.
- Strong safety profile with top quartile crime rankings nationally
- Stable 94.3% neighborhood occupancy and affordable rent structure
- Value-add renovation potential in 1987-built property
- Projected 54.7% household growth supporting rental demand expansion
- Risk considerations include moderate school ratings and limited local employment concentration