| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 27th | Poor |
| Amenities | 10th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 104 Proetz Ln, Nash, TX, 75569, US |
| Region / Metro | Nash |
| Year of Construction | 1997 |
| Units | 48 |
| Transaction Date | 2016-12-23 |
| Transaction Price | $3,187,500 |
| Buyer | ASBILLE PROPERTIES LLC |
| Seller | MT KIRBY INVESTMENTS LLC |
104 Proetz Ln Nash TX Multifamily Investment
Neighborhood occupancy sits above the Texarkana metro median and renter-occupied share ranks in the top quartile locally, indicating a steady tenant base near the asset according to WDSuite’s CRE market data.
Located in an Inner Suburb of the Texarkana, TX-AR metro, the surrounding neighborhood posts an occupancy rate that is above the metro median (rank 35 of 76 neighborhoods), a signal of comparatively resilient leasing conditions at the neighborhood level rather than the property itself. Median contract rents in the area are moderate, helping support retention while still leaving room for disciplined revenue management.
Within a 3-mile radius, population has grown in recent years and households have increased at a faster pace, expanding the local renter pool. Projections point to further household growth by 2028, which should broaden the base of prospective tenants and support occupancy stability. The renter-occupied share in the neighborhood ranks in the top quartile among 76 metro neighborhoods, suggesting deeper multifamily demand relative to many local peers.
Housing costs for ownership are comparatively accessible by national standards, which can introduce some competition with entry-level homeownership; however, a neighborhood rent-to-income ratio around the lower end (per WDSuite data) generally supports lease retention and measured pricing power. Average school ratings in the area trend below national norms, which investors may consider when positioning tenant profiles and amenities.
Amenity density is limited (few cafes, restaurants, parks, and pharmacies nearby), which places more emphasis on on-site features and property operations to drive leasing. Even so, grocery access is reasonable for the metro (rank 16 of 76), and neighborhood vintage skews similar to metro norms, supporting competitive footing versus nearby stock without requiring a full reposition solely to keep pace with newer builds.
Neighborhood safety indicators are comparatively favorable. Overall crime ranks 11th among 76 Texarkana neighborhoods, placing the area competitive within the metro and well above national averages (roughly top quartile nationally by percentile). Violent offense measures also trend better than many neighborhoods nationwide, according to WDSuite.
Recent year-over-year estimates indicate a meaningful decline in both property and violent offense rates, reinforcing an improving trajectory. As always, investors should underwrite with current, property-level security considerations and verify trends against the latest local data.
The immediate neighborhood shows above-median occupancy within the Texarkana metro and a top-quartile renter-occupied share, pointing to a solid tenant base for a workforce-oriented asset in Nash. Within a 3-mile radius, household growth and projected renter pool expansion by 2028 support a constructive demand outlook. Ownership costs are relatively accessible in this market, so investors should balance rent growth expectations with potential competition from entry-level homeownership; the neighborhood’s lower rent-to-income profile and moderate rent levels can still support retention and steady leasing.
According to CRE market data from WDSuite, amenity density is limited, which underscores the importance of on-site features, management quality, and unit-level improvements to sustain absorption and renewal rates. With neighborhood occupancy above the metro median, disciplined operations and targeted upgrades should position the asset competitively versus comparable stock.
- Above-median neighborhood occupancy within the metro supports leasing stability
- Top-quartile renter concentration locally indicates deeper demand for multifamily units
- 3-mile household growth and projected renter pool expansion underpin forward demand
- Moderate neighborhood rents and rent-to-income profile support retention and measured pricing power
- Risk: limited amenity density and comparatively accessible ownership may temper rent growth