| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 29th | Fair |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 Cherokee Trl, Texarkana, TX, 75501, US |
| Region / Metro | Texarkana |
| Year of Construction | 2000 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 Cherokee Trl Texarkana Multifamily Investment Overview
Neighborhood occupancy is competitive within the Texarkana metro and rents trend on the modest side, supporting steady renter demand according to WDSuite’s CRE market data.
Located in a B+ rated, rural neighborhood of Texarkana, the asset benefits from occupancy that is competitive among Texarkana, TX-AR neighborhoods (27 of 76) and above the metro median. Rents sit below national benchmarks, which can support leasing velocity and resident retention for workforce-oriented units.
Amenities skew car-oriented. Grocery and pharmacy access track near metro norms, while cafes and parks are sparse. Underwriting should reflect a quieter residential setting rather than walkable, lifestyle-driven demand.
About three in ten housing units are renter-occupied in the neighborhood, indicating a moderate renter concentration and a stable tenant base for multifamily. Median home values trend lower than national norms, which can introduce some competition from ownership but also sustain rental reliance, aiding pricing discipline and renewal rates.
Within a 3-mile radius, recent years show softer population and household counts, but projections point to a modest return to population growth alongside a notable increase in households and smaller household sizes. That shift typically expands the renter pool and supports occupancy stability over time, based on commercial real estate analysis from WDSuite.
The area’s average construction year is the mid-1990s; a 2000-vintage property is slightly newer than the neighborhood norm, offering relative competitiveness versus older stock while still warranting targeted system updates or light modernization for repositioning.
Average school ratings run below national benchmarks. For family renters, this may influence leasing mix and marketing strategy; for adult or workforce households, the impact may be more limited.
Based on WDSuite’s CRE market data, the neighborhood performs in the top quartile nationally for safety and is competitive among Texarkana neighborhoods (crime rank 28 of 76). Both violent and property offense estimated rates have declined materially year over year, indicating an improving directional trend rather than a one-off fluctuation.
As with any neighborhood, safety conditions vary by micro-area and over time. Investors should align underwriting with current trend data and typical operational practices for comparable assets in the metro.
This 2000-vintage, 32-unit property in Texarkana sits in a B+ neighborhood where occupancy is competitive against metro peers and rents are modest relative to national levels, supporting steady leasing and retention. According to CRE market data from WDSuite, the neighborhood’s renter concentration is moderate and home values sit below national norms, creating a defined tenant base while maintaining pricing discipline.
Within a 3-mile radius, projections show a modest return to population growth and a notable increase in households alongside smaller household sizes—dynamics that can expand the renter pool and support occupancy stability. Limited lifestyle amenities and below-average school ratings warrant a pragmatic leasing strategy focused on workforce demand and value positioning, with selective upgrades to enhance competitiveness versus older local stock.
- Competitive neighborhood occupancy versus metro peers supports baseline stability.
- Modest rent levels and a defined renter base underpin leasing velocity and renewals.
- 2000 vintage offers relative edge over older stock with targeted value-add potential.
- Household growth and smaller household sizes within 3 miles point to renter pool expansion.
- Risks: limited walkable amenities and below-average school ratings may narrow family demand; maintain disciplined underwriting and focused marketing.