| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 26th | Poor |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3708 S Lake Dr, Texarkana, TX, 75501, US |
| Region / Metro | Texarkana |
| Year of Construction | 2004 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3708 S Lake Dr Texarkana Multifamily Investment
According to WDSuite’s CRE market data, neighborhood occupancy shows stable performance and a high renter-occupied share, pointing to a durable tenant base rather than property-level volatility. This positioning supports income consistency while leaving room for thoughtful value-add execution.
The property sits in an Inner Suburb pocket of Texarkana with a B+ neighborhood rating (ranked 23 out of 76 metro neighborhoods), indicating performance that is competitive among Texarkana neighborhoods. Occupancy at the neighborhood level ranks 17 out of 76, placing it in the top quartile locally, which supports leasing stability and lowers the risk of extended downtime compared with weaker submarkets.
Livability signals are mixed but investable. Grocery access tracks slightly above national norms, and parks density lands around the upper-mid national range, while cafes and pharmacies are limited. Average school ratings trend below national benchmarks, which can temper family-driven demand, but does not preclude steady workforce housing performance when pricing is managed prudently.
Housing stock in the surrounding area skews older (average 1979), while this asset was built in 2004. The newer vintage relative to local stock enhances competitive positioning versus older properties; investors should still underwrite routine modernization of interiors and systems to maintain leasing velocity and justify renewals.
Tenure and pricing dynamics favor multifamily demand. The neighborhood’s renter-occupied share is high by national standards, implying a deeper tenant pool and steadier leasing. Rents trend lower than national medians, which helps sustain absorption, yet the local rent-to-income ratio indicates some affordability pressure; careful lease management and unit mix strategy can support retention without overextending pricing power.
Demographic trends are aggregated within a 3-mile radius: recent years show a modest dip in population alongside a small increase in households and smaller average household sizes—dynamics that often reinforce rental demand. Looking ahead, WDSuite’s commercial real estate analysis points to growth in households through the forecast period, which would expand the local renter pool and help support occupancy.
Safety signals, framed comparatively, are constructive for underwriting. The neighborhood sits around the metro median on crime rank (38 out of 76), while the national safety positioning is stronger, with the neighborhood in a higher percentile nationally compared with many peers. Year over year, both violent and property offense estimates show notable declines, which, if sustained, can support resident retention and reduce non-revenue downtime risks.
Built in 2004 with 112 units, this multifamily asset competes well against an older local housing stock and benefits from a neighborhood that ranks competitive among 76 Texarkana neighborhoods. According to CRE market data from WDSuite, neighborhood occupancy performs in the local top quartile, and a high share of renter-occupied housing supports depth of demand. Lower relative rents aid absorption, while forecast household growth within a 3-mile radius points to a larger tenant base over time.
Underwriting should account for below-average school ratings and some affordability pressure in the immediate area, alongside amenities that are serviceable but not dense. Even so, the property’s newer vintage versus the neighborhood and the area’s renter concentration provide a balanced base case for stable operations with disciplined value-add and renewal strategies.
- Newer 2004 vintage versus older local stock supports competitive positioning
- Neighborhood occupancy ranks in the local top quartile, aiding leasing stability
- High renter-occupied share indicates a deeper tenant base and steady demand
- Lower relative rents support absorption; forecast household growth within 3 miles expands the renter pool
- Risks: weaker school ratings, moderate amenity density, and pockets of affordability pressure