| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Best |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 655 Vine St, Exeter, CA, 93221, US |
| Region / Metro | Exeter |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
655 Vine St Exeter CA Multifamily Investment
Neighborhood occupancy in Exeter has held in the mid-90s, supporting stable collections and lease retention, according to WDSuite’s CRE market data. A relatively elevated renter-occupied share in the area suggests a durable tenant base for a 44-unit asset.
Exeter’s Inner Suburb setting offers daily-life convenience with pharmacies, groceries, and restaurants accessible within the neighborhood. Pharmacy access ranks competitive among Visalia’s 142 neighborhoods and sits in a high national percentile, while cafes and restaurants also score above typical national concentrations. Parks are limited locally, so on-site greenspace or nearby recreation options may matter for leasing.
Relative to the metro, the neighborhood’s overall rating is strong (A) with an above-metro-median occupancy trend, indicating resilient renter demand. Median contract rent in the neighborhood benchmarks on the lower side versus national norms, which can aid lease-up and retention while moderating near-term pricing power. The local rent-to-income ratio trends in a high national percentile for renter affordability, a supportive factor for collections management.
Schools in the area trend around national midrange levels. For demographics aggregated within a 3-mile radius, recent years show modest population and household softening, but forecasts point to household growth over the next five years, expanding the potential renter pool and helping sustain occupancy. Owner versus renter tenure in the immediate area indicates a mid-40s share of renter-occupied housing units, suggesting steady multifamily demand depth rather than dependence on a narrow tenant segment.
Vintage matters: the property was built in 1988, newer than the neighborhood’s older average housing stock. That positioning can be a leasing advantage versus pre-1970s product, while still warranting targeted capital planning for mechanical systems, interior refreshes, and exterior updates to remain competitive with renovated comparables.
Neighborhood-level crime benchmarking for this location is not available in the current WDSuite dataset. Investors should compare city and county trend reports to regional baselines and evaluate property-specific measures (lighting, access control, and visibility) alongside management practices. Where possible, consider multi-year trends rather than single-period readings to contextualize risk.
Local employment includes manufacturing and packaging operations that draw a steady workforce within short commuting distance, supporting renter demand and retention for workforce-oriented units. Notable nearby employer:
- International Paper — packaging and paper (1.3 miles)
This 44-unit, 1988-vintage community benefits from a neighborhood with above-metro-median occupancy and service-oriented amenities that support daily needs. According to CRE market data from WDSuite, local rents benchmark below national medians while renter affordability is favorable, a combination that aids collections and lease retention even as it may temper outsized rent growth. The asset’s vintage is newer than much of the surrounding housing stock, offering competitive positioning and a clear path for selective renovations to capture value relative to older comparables.
Neighborhood demographics aggregated within a 3-mile radius indicate recent softness but a forward view that anticipates household growth, implying a larger tenant base over time. Home values trend higher relative to many national markets, which can sustain reliance on rental options and support stable occupancy, particularly for well-managed, updated units.
- Above-metro-median neighborhood occupancy supports income stability
- 1988 vintage offers competitive edge over older stock with targeted value-add
- Rents below national benchmarks with favorable rent-to-income dynamics aid retention
- Forecast household growth within 3 miles expands the renter pool over time
- Risks: small-market demand variability, limited park access, and moderate school ratings