| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 21st | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Babb Ln, Texarkana, TX, 75501, US |
| Region / Metro | Texarkana |
| Year of Construction | 1974 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Babb Ln, Texarkana TX Multifamily Investment
Neighborhood data points to steady renter demand and mainstream pricing, according to WDSuite’s CRE market data, with occupancy and tenure metrics reflecting the broader neighborhood rather than the specific property. The submarket’s accessible rents and renter concentration support leasing durability for a 28-unit asset.
This inner-suburb location rates well within the Texarkana metro, with the neighborhood ranked 7th out of 76 metro neighborhoods (A rating) — competitive positioning that typically supports investor interest. Amenity access trends are favorable by national benchmarks: restaurants and daily-needs retail sit around the 70th+ national percentile, and parks presence is stronger (around the 80th percentile), based on CRE market data from WDSuite.
Renter concentration is high at the neighborhood level (ranked 2nd of 76 locally and around the 91st percentile nationally), indicating a deep tenant base for multifamily operators. Neighborhood occupancy is measured at the neighborhood level and sits below the national middle of the pack, suggesting that effective leasing and management will matter for stability; however, a renter-heavy unit mix can support a consistent applicant pipeline.
The building’s 1974 vintage is older than the neighborhood’s average construction year (1992), which points to potential capital expenditure and value‑add opportunities. Investors can weigh modernization and system upgrades to sharpen competitive positioning against newer stock while leveraging the neighborhood’s amenity access.
Within a 3‑mile radius, households have grown in recent years even as total population edged slightly lower, implying smaller household sizes and a stable to expanding renter pool. Forward estimates indicate population and household growth over the next five years, which would enlarge the local tenant base and support occupancy stability and leasing velocity if realized.
Ownership costs in the neighborhood are comparatively low by national standards, which can introduce some competition from entry-level ownership. That said, neighborhood rents sit at mainstream levels and rent-to-income measures trend favorable (around the national 70th percentile), supporting lease retention and pricing discipline for well-managed multifamily assets.
Neighborhood safety trends compare favorably at the national level: overall crime sits around the 77th percentile nationally (higher percentile indicates safer areas), and violent incidents are closer to the 62nd percentile. Within the Texarkana metro, the area tracks near the middle of the pack among 76 neighborhoods.
Year-over-year estimates indicate marked improvement in both property and violent offense rates, signaling a constructive recent trend. Investors should still underwrite to current local conditions and property-level security needs, but the directional data suggests strengthening safety dynamics versus last year.
300 Babb Ln presents an attainable scale, 28‑unit multifamily opportunity in a renter‑oriented neighborhood that ranks competitively within the Texarkana metro. According to commercial real estate analysis from WDSuite, neighborhood renter concentration is high and amenities score above national midpoints, supporting resident appeal and a durable applicant pool. While neighborhood occupancy runs below national mid-levels, mainstream rent levels and a growing household base within 3 miles support steady demand for well‑managed units.
Constructed in 1974, the asset is older than the neighborhood’s average vintage, creating clear value‑add pathways through interior upgrades, systems modernization, and exterior refresh to compete against newer stock. Ownership costs in the area are comparatively accessible, so underwriting should account for some competition from entry-level ownership; however, favorable rent-to-income dynamics can aid retention and stabilize cash flow with disciplined leasing and expense control.
- Renter-heavy neighborhood supports a consistent tenant pipeline and leasing stability.
- Amenity access and parks rank above national midpoints, enhancing resident livability.
- 1974 vintage offers value‑add potential through targeted renovations and system upgrades.
- Demand outlook supported by 3‑mile household growth and projected population gains.
- Risk: Neighborhood occupancy trails national mid-levels; performance depends on execution and expense control.