| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 16th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 W Tulare Rd, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 1985 |
| Units | 44 |
| Transaction Date | 2021-12-02 |
| Transaction Price | $1,466,000 |
| Buyer | LINDSAY MONTE VISTA LP |
| Seller | MONTE VISTA ASSOCIATES |
901 W Tulare Rd, Lindsay CA 44-Unit Investment
Neighborhood occupancy is tight and renter demand is durable, according to WDSuite’s CRE market data, supporting stable income performance for well-managed assets in Lindsay’s inner-suburban pocket.
Lindsay sits within the Visalia metro’s inner suburbs, where the subject property benefits from everyday conveniences and steady renter demand. Neighborhood occupancy runs high relative to many U.S. areas, and WDSuite’s data indicates the area is competitive among Visalia neighborhoods (142 total) for overall livability. A mix of parks and grocery access is a relative strength locally, while limited cafes and pharmacies suggest more modest retail depth.
At the neighborhood level, roughly half of housing units are renter-occupied. For investors, that renter concentration points to a meaningful tenant base and supports leasing stability for multifamily assets, especially where rent levels remain manageable relative to local incomes. Elevated ownership costs compared with incomes in the area tend to sustain reliance on rental housing, which can aid retention and reduce turnover sensitivity during slower leasing periods.
Demographics are aggregated within a 3-mile radius. Recent years show soft population trends, but WDSuite’s forward-looking figures indicate potential population growth and an increase in households over the next five years, translating to a larger tenant base and support for occupancy. Household sizes are projected to hold relatively steady, a setup that can favor mid-size unit mixes and consistent demand for two-bedroom layouts.
The asset’s 1985 construction is newer than the neighborhood’s average vintage. That positioning can be competitively advantageous versus older stock, though investors should budget for typical mid-life systems and common-area refresh cycles to maintain curb appeal and resident retention.
School ratings in the neighborhood trail metro and national benchmarks, which can affect some family renter segments. That said, parks access and everyday retail proximity provide day-to-day livability, and the area’s rent-to-income profile suggests room for disciplined, operations-driven revenue growth rather than relying solely on outsized rent lifts.
Safety signals are mixed but directionally constructive. Violent-offense measures benchmark in the top quartile nationally and are competitive among Visalia metro neighborhoods (142 total), indicating comparatively lower serious-incident exposure versus many U.S. neighborhoods. This can support tenant retention and broaden the renter pool.
Property-offense indicators, however, show a recent uptick year over year. For owners, this argues for standard best practices: lighting, access control, and resident engagement to mitigate nuisance incidents. On balance, the neighborhood reads safer on violent categories while requiring routine property-management focus on petty property offenses.
The area draws from a regional employment base tied to manufacturing and paper products, supporting workforce housing demand and commute convenience for renters working at nearby facilities such as International Paper.
- International Paper — paper & packaging (7.6 miles)
This 44-unit, 1985-vintage property aligns with a neighborhood characterized by high occupancy, a meaningful renter base, and everyday retail access. Based on CRE market data from WDSuite, the submarket’s occupancy remains strong relative to metro and national comparisons, which supports income stability for well-operated assets. The vintage is newer than the local average, offering competitive positioning versus older stock with targeted modernization and systems planning.
Investor focus centers on durable workforce demand, rent levels that remain manageable versus local incomes, and forward-looking projections (3-mile radius) that point to a larger household base over the next five years. Risks to underwrite include modest school ratings, limited higher-end retail depth, and a recent uptick in property offenses—factors that call for prudent asset management, physical security measures, and amenity upgrades to drive retention rather than leaning on aggressive rent growth.
- High neighborhood occupancy supports income stability and leasing velocity
- 1985 construction offers competitive edge versus older local stock with targeted updates
- Renter concentration and manageable rent-to-income dynamics aid retention
- Forecast household expansion within 3 miles points to a growing tenant base
- Risks: modest school ratings, limited amenity depth, and recent property-offense uptick require active management