| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 28th | Good |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 E Stewart Ave, Visalia, CA, 93292, US |
| Region / Metro | Visalia |
| Year of Construction | 1986 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2901 E Stewart Ave Visalia 108-Unit Multifamily
Neighborhood occupancy remains elevated and renter demand is durable in this inner-suburban pocket of Visalia, according to WDSuite’s CRE market data, supporting steady income fundamentals relative to metro peers. The takeaway for investors is stability driven by a sizable renter-occupied base and improving local trends.
Positioned in an inner-suburban setting of Visalia, the property benefits from a neighborhood rated B+ and competitive among Visalia neighborhoods (ranked 52 out of 142). WDSuite’s data indicates neighborhood occupancy around the top quintile nationally, a signal of demand depth and leasing stability for multifamily assets in this micro-market.
Renter concentration in the neighborhood is 51.9% of housing units, which expands the tenant base and supports absorption for mid-scale communities. Median contract rents track above national medians while maintaining a rent-to-income profile that suggests manageable affordability pressure, aiding retention and renewal prospects for professionally managed properties.
Within a 3-mile radius, demographics point to population growth alongside increases in households and incomes over recent years, with projections calling for continued gains—effectively a larger tenant pool that can help sustain occupancy and leasing momentum. These trends, paired with average household sizes above national norms, reinforce ongoing demand for larger floor plans.
Local amenity density is mixed: grocery and dining options are present at moderate levels, while cafes, parks, childcare, and pharmacies are thinner in the immediate area. For investors, this typically translates to residents relying on nearby corridors for services and entertainment, while enjoying the quieter residential character common to inner suburbs. Elevated home values relative to the national landscape and a higher value-to-income ratio indicate a high-cost ownership market for many households, which tends to sustain reliance on multifamily rentals and supports pricing power in well-operated assets.
Safety indicators present a balanced picture. Within the Visalia metro, the neighborhood’s crime rank sits closer to the higher-incident end of the spectrum (10th out of 142), suggesting investors should underwrite reasonable security and operating protocols. At the same time, national comparisons are more favorable: overall safety metrics are in the top quartile nationally, with property-related offenses improving sharply year over year and violent-offense measures hovering near the national median, according to WDSuite’s data.
For underwriting, the directional trend matters: WDSuite reports meaningful year-over-year declines in both property and violent offense estimates for the neighborhood, which can support resident retention and reduce operating friction over time if improvements persist. As always, investors should evaluate property-level practices and submarket trends rather than relying on block-level assumptions.
Nearby industrial and corporate employment provides a practical base for workforce housing demand and commute convenience, led by International Paper within a short drive.
- International Paper — packaging & paper products (5.4 miles)
This 108-unit community with larger-than-typical average unit sizes supports family-oriented and roommate demand profiles while benefiting from neighborhood occupancy in the upper national tiers, based on CRE market data from WDSuite. Population and household growth within a 3-mile radius point to a broader renter pool over the next several years, underpinning steady absorption and lease-up resilience relative to the Visalia metro.
Ownership remains comparatively high cost relative to incomes in the area, reinforcing the role of multifamily housing for residents and supporting pricing power for well-operated assets. Amenity depth is modest in the immediate vicinity, so asset strategies that emphasize onsite conveniences, unit livability, and professional management can capture demand and retention even as the surrounding retail mix evolves.
- High neighborhood occupancy supports income stability and renewal potential.
- Expanding 3-mile population and households signal a growing renter base.
- Larger average unit sizes align with family and roommate demand profiles.
- Elevated ownership costs sustain multifamily demand and support pricing power.
- Risk: thinner nearby amenities and metro-relative safety rank warrant active management and security planning.