| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 49th | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 424 Alford Dr, New Boston, TX, 75570, US |
| Region / Metro | New Boston |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
424 Alford Dr New Boston Multifamily Opportunity
Neighborhood occupancy has trended upward and remains competitive for the Texarkana metro, supporting stable rent rolls according to WDSuite’s CRE market data.
Located in New Boston within the Texarkana, TX-AR region, the neighborhood carries a B+ rating and is competitive among Texarkana neighborhoods (21 out of 76), signaling steady fundamentals for smaller multifamily assets.
Livability is mixed: retail and dining density is sparse for a rural setting, yet park access and childcare availability are comparatively stronger, with both measuring above national midpoints. Average school ratings sit in the upper tier locally (top quartile among 76 metro neighborhoods) and slightly above national norms, which can aid leasing to households prioritizing education.
For investors, neighborhood occupancy is solid and has improved in recent years, indicating healthy demand relative to local supply. The share of housing units that are renter-occupied is moderate, providing a meaningful tenant base without overreliance on rental stock. Median contract rents in the neighborhood remain modest versus incomes, and the rent-to-income profile is favorable, which can support retention while requiring a measured approach to rent growth.
Vintage considerations matter: with an average neighborhood construction year around 1986 and the property built in 1982, this asset is slightly older than nearby stock. That positioning may present value-add or capital planning needs (exteriors, interiors, or systems) to strengthen competitive standing versus newer properties.
Demographics aggregated within a 3-mile radius show recent population and household growth, expanding the local renter pool. Forward-looking signals suggest households may continue to increase even if population growth moderates, implying smaller household sizes and potential demand for compact formats—supportive for careful unit programming and leasing strategy.
Home values in the area are relatively low compared with national levels, which can introduce some competition from ownership options. For multifamily investors, this context points to prioritizing resident experience and lease management to sustain occupancy and pricing, rather than relying solely on rapid rent acceleration.
Comparable neighborhood safety data for this area is not available in the current release. Investors should evaluate broader Texarkana trends, property-level security practices, and recent local reports to contextualize risk and align insurance and capital plans accordingly.
The local employment base draws from the broader Texarkana area, providing workforce housing demand and commute convenience for residents. Specific nearby corporate offices with verified distances are not available in this dataset.
This 24-unit asset offers durable demand drivers in a rural Texarkana submarket where neighborhood occupancy is competitive and renter concentration is balanced. Based on CRE market data from WDSuite, rents sit at modest levels relative to incomes, supporting retention and steady leasing, while calling for disciplined rent strategies. Built in 1982, the property is slightly older than the neighborhood average, creating potential value-add and capital planning opportunities to sharpen positioning against newer stock.
Demographics aggregated within a 3-mile radius indicate recent growth in population and households, with forward signals pointing to smaller household sizes over time—favorable for sustained tenant demand for compact rental options. Low home values versus national benchmarks suggest some competition from ownership, so asset management should focus on resident experience and operational efficiency to maintain occupancy and cash flow stability.
- Competitive neighborhood occupancy supports leasing stability
- Modest rents relative to incomes aid retention and steady cash flow
- 1982 vintage enables targeted value-add and systems upgrades
- 3-mile demographics point to a larger renter pool and smaller household sizes
- Risks: rural amenity scarcity and accessible ownership options can temper pricing power