| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 45th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Lynwood Dr, Texarkana, TX, 75503, US |
| Region / Metro | Texarkana |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2021-02-01 |
| Transaction Price | $1,613,400 |
| Buyer | PH OP IL LLC |
| Seller | TEXARKANA RENTALS II LLC |
3 Lynwood Dr Texarkana TX Multifamily Investment
Stabilized renter demand in an inner-suburb pocket of Texarkana supports consistent leasing and retention, according to WDSuite s CRE market data. Neighborhood occupancy trends and everyday amenities suggest durable cash flow potential with measured upside from operational improvements.
This inner-suburb location ranks 4th out of 76 Texarkana neighborhoods (A-rated), positioning the asset competitively within the metro. Neighborhood occupancy performance is competitive among Texarkana neighborhoods and sits above national medians, supporting day-to-day leasing stability for a 24-unit asset.
Livability is supported by convenient necessities: grocery and pharmacy density rank near the top of the metro (both within the top three of 76), and restaurant options are also strong. General amenities score around the national midpoint. Limited park and childcare access in the immediate area, however, may reduce appeal for certain renter segments. Average school ratings trend below national medians, which can modestly influence family-oriented demand.
Tenure data indicate a renter concentration just over half of housing units in the neighborhood, signaling a broad tenant base and steady multifamily demand. Median asking rents remain comparatively accessible relative to incomes locally, which can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographics show relatively flat population levels in recent years alongside a modest increase in households, pointing to smaller household sizes and ongoing renter pool expansion. Forecasts indicate additional household growth over the next five years, which would further support occupancy stability and demand depth for well-managed units.
The property s 1974 vintage is older than the neighborhood s average construction year (1990), suggesting a clear value-add path via targeted renovations and capital planning to enhance competitiveness against newer stock while managing ongoing system upkeep.
Neighborhood safety benchmarks are near the metro midpoint but compare favorably to many areas nationwide, with WDSuite s data placing the area safer than a majority of U.S. neighborhoods. Recent trends indicate notable year-over-year declines in both property and violent incident rates, reinforcing a directionally improving backdrop. As always, investors should evaluate micro-location conditions and property-level security measures as part of risk management.
The area draws from a diversified regional employment base that supports workforce housing and commute convenience. Specific nearby anchor employers with verified distances were not available in the dataset reviewed.
For a 24-unit asset at 3 Lynwood Dr, the investment case centers on steady neighborhood occupancy, an above-median national safety profile, and a renter base that represents just over half of local housing units. According to commercial real estate analysis from WDSuite, the neighborhood s amenity mix leans practical (grocery, pharmacy, restaurants), which tends to support everyday livability and retention. Median rents are comparatively accessible relative to local incomes, helping sustain demand and reduce turnover risk.
The 1974 construction vintage presents value-add potential through selective interior and systems upgrades to compete with newer stock, while forward-looking household growth within a 3-mile radius points to a larger tenant base over time. Key watch items include below-average school ratings and limited parks/childcare access, as well as potential competition from relatively attainable homeownership in the area.
- Competitive neighborhood standing in Texarkana with historically solid occupancy supporting leasing stability
- Practical amenity access (grocery, pharmacy, restaurants) that underpins day-to-day livability and retention
- Renter concentration just over half of units locally, indicating depth of tenant demand
- 1974 vintage offers value-add and capex planning opportunities to lift relative competitiveness
- Risks: below-average school ratings, limited parks/childcare, and potential competition from entry-level ownership