| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 12th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 328 S Harvard Ave, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 2007 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
328 S Harvard Ave Lindsay Multifamily Investment Opportunity
Neighborhood occupancy is 93.8% with a renter-occupied share of 64%, supporting depth of tenant demand according to WDSuite’s CRE market data. Positioning in Lindsay within the Visalia metro suggests stable workforce housing dynamics with manageable rent-to-income levels.
Located in Lindsay within the Visalia, CA metro, the area scores competitive among Visalia neighborhoods on amenities (ranked 19 out of 142). Cafes are a relative strength locally (ranked 12 of 142 and near the 82nd percentile nationally), while grocery and restaurant density sits around metro averages. Pharmacies are accessible for daily needs (upper-tier locally), but park and childcare availability are limited, which may affect lifestyle appeal for some residents.
For investors screening rent and occupancy, the neighborhood shows a 93.8% occupancy rate, and the share of renter-occupied housing units is 64.0%. That renter concentration signals a broad user base for multifamily, helping support leasing velocity and retention across cycles. Median contract rents remain modest for the region, and a rent-to-income ratio of about 0.25 suggests affordability that can underpin steady collections, though it may temper near-term pricing power.
The broader ownership landscape is a high-cost ownership market relative to local incomes (value-to-income ratio ranks 7 out of 142 locally and sits near the 95th percentile nationally). Elevated ownership costs can sustain reliance on rental housing, reinforcing demand depth and potential occupancy stability at nearby properties.
Demographic statistics aggregated within a 3-mile radius indicate a modest population pullback over the past five years, with households roughly stable and average household size trending slightly smaller. Forecasts point to population and household growth ahead, which would expand the renter pool and support occupancy if realized. Income measures in the 3-mile area have trended higher and are projected to continue rising, a constructive backdrop for operational performance.
Vintage context is favorable: the neighborhood’s average construction year skews older (mid-20th century), whereas this asset was built in 2007. Newer product typically competes well versus older stock; investors should still plan for periodic system updates and select renovations to maintain competitive positioning.
Comparable safety data for this neighborhood is not available in the current release. Investors should review city and county sources and compare trends to nearby Visalia-metro neighborhoods for a balanced view of safety dynamics.
Nearby employment includes industrial and corporate operations that support commute convenience and workforce rental demand, including the following employer within a short drive.
- International Paper — paper & packaging (9.0 miles)
Built in 2007 with 81 units, the property stands out against an older local housing base, offering a competitive profile versus mid-century stock while leaving room for targeted upgrades over time. Neighborhood occupancy of 93.8% and a 64% renter-occupied share indicate a sizable tenant base and support for leasing stability. According to CRE market data from WDSuite, local rents are modest relative to incomes, which can aid retention but may moderate immediate rent growth expectations.
Within a 3-mile radius, demographics suggest recent softness in population levels followed by projected growth in both population and households, implying a larger renter pool ahead if forecasts materialize. Elevated ownership costs versus incomes in the neighborhood context reinforce reliance on multifamily, while the area’s amenity access is serviceable with strong cafe and pharmacy density, albeit limited parks and childcare. Overall, fundamentals favor steady occupancy with value-add potential through modernization and operating efficiencies, balanced against income levels and amenity gaps.
- 2007 vintage competes well versus older neighborhood stock, with selective renovation upside
- Neighborhood occupancy of 93.8% and strong renter concentration support leasing stability
- High ownership costs relative to incomes reinforce multifamily demand and retention
- 3-mile demographics point to forecast growth in households, expanding the renter pool
- Risks: modest amenity gaps (parks/childcare), lower near-term pricing power, and income sensitivity