| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 45th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2605 Kennedy Ln, Texarkana, TX, 75503, US |
| Region / Metro | Texarkana |
| Year of Construction | 1975 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2605 Kennedy Ln Texarkana Multifamily Investment
Neighborhood fundamentals suggest steady renter demand and occupancy resilience, according to WDSuite’s CRE market data. Investors should view this as a workforce-oriented location where pricing power is supported by practical affordability.
This Inner Suburb pocket of Texarkana ranks 4 out of 76 metro neighborhoods (A rating), placing it in the top quartile locally and indicating competitive location fundamentals for multifamily. Neighborhood occupancy is reported at 95.2% with a multi‑year upward trend, reinforcing expectations for stable lease-up and retention in comparable assets.
Everyday amenities are a relative strength: grocery and pharmacy access rank near the top among 76 metro neighborhoods, and restaurant and café density is above the metro median. These convenience factors typically support leasing velocity and renewals, particularly for smaller-unit product where proximity to services matters.
Within a 3-mile radius, recent years show modest population softness alongside a slight reduction in average household size; forward estimates indicate a small increase in population and more households, implying a larger tenant base over time even if household sizes continue to edge down. Renter-occupied housing in the neighborhood is just over half of units, signaling a deep pool of renter households and demand stability for multifamily operators.
Relative home values are lower versus many U.S. neighborhoods, which can create some competition from ownership alternatives. However, rent levels trend manageable versus local incomes and have grown over the past five years, suggesting room for disciplined rent optimization while maintaining occupancy. Average school ratings in the area are on the lower side, which may be a consideration for family-oriented demand but is less likely to impact studios and smaller one-bed units.
Neighborhood safety indicators are better than the national average (72nd percentile), and the area sits around the metro median based on a crime rank of 39 out of 76 neighborhoods. This positions the location as generally comparable to other Texarkana subareas from a risk-management standpoint.
Recent trends are constructive: both property and violent offense rates show strong year-over-year declines, among the more notable improvements nationally. For investors, a trajectory of improving safety can support leasing stability and resident retention, though ongoing monitoring and standard property-level security measures remain prudent.
Built in 1975, the asset is older than the neighborhood’s average vintage, pointing to potential value‑add and capital planning opportunities that can enhance competitiveness versus newer stock. According to CRE market data from WDSuite, the surrounding neighborhood demonstrates high occupancy and a durable renter base, with amenity access that supports day‑to‑day convenience—factors that typically underpin leasing stability for workforce housing.
Affordability dynamics are favorable for maintaining depth of demand: rents remain manageable relative to local incomes, while home values in the area are comparatively accessible, which may require tighter renewal strategies and amenity upgrades to sustain pricing power. Demographic patterns within 3 miles indicate smaller household sizes and a projected increase in households, which suggests gradual renter pool expansion and supports sustained occupancy for smaller-format units.
- High neighborhood occupancy and convenience amenities support leasing stability.
- 1975 vintage offers value‑add potential through targeted renovations and systems upgrades.
- Manageable rents versus incomes help sustain demand and reduce turnover risk.
- 3‑mile data point to more households over time, reinforcing tenant base depth.
- Risks: comparatively accessible ownership options and lower school ratings may temper pricing power; focus on renewals and amenity positioning.