| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 24th | Poor |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1021 College Dr, Texarkana, TX, 75503, US |
| Region / Metro | Texarkana |
| Year of Construction | 1984 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1021 College Dr Texarkana Multifamily Investment
Neighborhood fundamentals point to stable renter demand, with occupancy trending higher and a renter base supported by nearby daily-needs retail, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Texarkana that is competitive among Texarkana, TX-AR metro neighborhoods (ranked 18 out of 76, A- neighborhood rating). For investors, this translates to established demand drivers and operational predictability relative to many peer locations.
Daily-needs access is a local strength: grocery and pharmacy options are present within the neighborhood footprint, and restaurant density is comparatively strong versus many areas in the metro. Parks and cafes are less concentrated nearby, which may moderate lifestyle appeal but does not typically weigh on workforce-oriented leasing.
Renter-occupied housing makes up about half of neighborhood units, indicating a sizable tenant base and depth for multifamily leasing. Neighborhood occupancy has risen over the past five years, a directional positive for renewal retention and rent collections. Within a 3-mile radius, households have edged higher while average household size has trended lower; together these shifts imply a broader pool of renters and support for small-unit demand.
Home values in this area are lower than national norms, which can create some competition from entry-level ownership. However, the local rental market’s positioning and service/retail proximity help sustain renter reliance on multifamily housing, supporting lease stability. These points are based on commercial real estate analysis from WDSuite and reflect neighborhood metrics, not property-level performance.
Safety indicators are comparatively favorable at the national level, with the neighborhood landing in a higher national percentile for safety than many U.S. areas. Year-over-year, both property and violent offense rates have moved down materially, pointing to an improving trend. These figures are neighborhood-wide and can vary by block; investors should corroborate conditions during site visits and with local data.
This 100-unit asset is positioned in a competitive Inner Suburb location where neighborhood occupancy has been trending higher and renter concentration supports demand depth. According to CRE market data from WDSuite, local daily-needs access (grocers, pharmacies) and strong restaurant density underpin convenience-driven leasing, while a growing household count within 3 miles and smaller average household sizes point to a larger tenant base over time.
Counterbalancing factors include relatively accessible homeownership that can compete at certain rent bands and tenant affordability pressure typical of markets where rent burdens run high. Operational focus on retention, targeted amenities, and cost control can help manage these risks and sustain occupancy stability.
- Competitive neighborhood (A-; strong daily-needs access) supports consistent tenant demand
- Occupancy trending higher in the neighborhood, reinforcing renewal and collections stability
- 3-mile area shows more households and smaller average sizes, expanding the renter pool
- Risk: relatively accessible ownership can compete with rentals at certain price points
- Risk: affordability pressure suggests focus on retention, value-oriented amenities, and expense control