| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 45th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 Pierre St, Texarkana, TX, 75501, US |
| Region / Metro | Texarkana |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | 2016-09-07 |
| Transaction Price | $800,000 |
| Buyer | NIXON JOHN PATRICK |
| Seller | MILLS JAY |
1301 Pierre St Texarkana Multifamily Investment
Neighborhood occupancy has trended in the mid-90s with a majority of housing units renter-occupied, supporting stable tenant demand, according to CRE market data from WDSuite.
Positioned in an Inner Suburb of Texarkana, the neighborhood carries an A rating and ranks 4 out of 76 metro neighborhoods, indicating strong local fundamentals that are competitive within the region. Amenity access is a relative strength: grocery, cafe, and pharmacy density place the area in the top quartile among 76 Texarkana neighborhoods, while restaurants are also above the metro median. Park space and childcare access are more limited, which may influence marketing toward renters prioritizing convenience retail and services over recreation.
For investors assessing rent and demand, neighborhood occupancy is above the metro median with stability that supports leasing and retention. Rents remain comparatively accessible versus national benchmarks, and the rent-to-income profile tracks below national averages — a combination that can support pricing power without overextending affordability. Within a 3-mile radius, recent years show modest population softening but a small projected increase ahead alongside a rise in total households; smaller average household sizes suggest a larger renter pool and support for occupancy stability over the medium term, based on CRE market data from WDSuite.
Tenure patterns are favorable for multifamily: the share of housing units that are renter-occupied sits above the metro median and in a high national percentile, indicating depth in the tenant base. Median home values are lower than national norms, which can introduce some competition from ownership; however, a high-cost ownership market is not required to sustain renter reliance when renter concentration already runs above average. Lease management should emphasize retention and renewals given the area’s renter concentration and stable occupancy backdrop.
The asset’s 1982 vintage is older than the neighborhood’s average construction year (1990). That profile points to value-add potential through interior upgrades and systems modernization, while also calling for thoughtful capital planning to remain competitive versus newer stock. School quality indicators are competitive within the metro but below national benchmarks; investors may prioritize workforce-oriented positioning over family-driven demand.
Safety indicators are broadly favorable in a national context while situating roughly mid-pack within the metro. The neighborhood’s crime standing is around the middle of Texarkana (39 of 76 neighborhoods), yet national comparisons place it above average. Recent year-over-year trends show notable improvement in both violent and property offense estimates, suggesting directional progress rather than a specific block-level claim. Investors should view safety as a stabilizing factor relative to national peers, with continued monitoring at the neighborhood scale.
1301 Pierre St offers a 24-unit footprint in a neighborhood with above-median occupancy, strong convenience retail access, and a renter-leaning housing base. The 1982 construction year creates clear value-add angles through unit refreshes and selective CapEx, which can strengthen competitive positioning against newer stock while leveraging stable demand signals. According to CRE market data from WDSuite, neighborhood occupancy trends remain healthy relative to metro norms, and rent levels are generally accessible versus national benchmarks — dynamics that support retention and measured rent growth strategies.
Within a 3-mile radius, population has been flat to slightly softer in recent years, but projections indicate a modest increase and a larger household count alongside smaller average household sizes — a setup that can expand the renter pool and support leasing consistency. Lower home values relative to national levels may create some competition from entry-level ownership, yet elevated renter concentration and convenient amenities underpin steady multifamily demand. School quality trails national averages, which points to workforce-oriented positioning and amenity-forward marketing to sustain absorption and renewals.
- Stable neighborhood occupancy and high renter concentration support demand durability
- Value-add opportunity: 1982 vintage suited for interior upgrades and systems modernization
- Strong proximity to daily-needs amenities (groceries, cafes, pharmacies) aids retention
- Rent levels comparatively accessible versus national benchmarks support measured pricing power
- Risks: school quality below national averages and potential competition from ownership options