| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 24th | Poor |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4624 Elizabeth St, Texarkana, TX, 75503, US |
| Region / Metro | Texarkana |
| Year of Construction | 1973 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4624 Elizabeth St Texarkana Multifamily Investment
Stabilizing renter demand in an inner-suburb location supports consistent leasing, according to WDSuite’s CRE market data. The neighborhood’s renter-occupied share is sizable for the metro, offering a broad tenant base for a 100-unit asset.
The property sits in an Inner Suburb of Texarkana with an A- neighborhood rating and a rank of 18 among 76 metro neighborhoods, signaling competitive positioning within the market. Dining access is comparatively strong for the metro, while grocery and pharmacy proximity are also favorable; parks and cafes are limited nearby, which may modestly impact lifestyle appeal for some renters.
Neighborhood rents have risen over the past five years and occupancy has improved, supporting stable leasing conditions relative to the metro. The share of housing units that are renter-occupied is above most Texarkana neighborhoods, indicating a deeper tenant pool and helping underpin absorption for multifamily assets.
Within a 3-mile radius, population and household counts have grown modestly and are projected to continue expanding, with household sizes trending smaller. These dynamics point to a gradually larger renter base and sustained demand for smaller-format units, aligning with the property’s average unit size. This framing is based on multifamily property research from WDSuite.
Home values in the neighborhood are lower than national norms, which can introduce some competition from ownership options. For operators, this typically translates to steadier demand at workforce price points and a focus on retention and service differentiation, rather than outsized rent premiums. School ratings data in this dataset are limited, so investors may wish to underwrite education preferences at the submarket level.
Vintage matters: built in 1973, the asset is older than the neighborhood’s average construction year. Investors should plan for ongoing capital needs and consider value-add upgrades to remain competitive against 1980s-and-newer stock, especially in kitchens, baths, building systems, and curb appeal.
Safety metrics for the neighborhood compare favorably to many areas nationwide, with WDSuite data indicating the area sits above the national median. Within the Texarkana metro, the neighborhood places near the middle of the pack (rank 35 of 76), suggesting conditions that are generally in line with broader regional patterns.
Recent trends show notable year-over-year declines in both property and violent offense estimates for the neighborhood. While crime can vary by micro-location and over time, these directional improvements support a more stable operating backdrop compared with the prior year.
This 100-unit, 1973-vintage community in Texarkana benefits from a renter-oriented neighborhood where occupancy has improved and the renter-occupied share is high for the metro. According to CRE market data from WDSuite, local dining, grocery, and pharmacy access are competitive among Texarkana neighborhoods, reinforcing day-to-day convenience that supports leasing and renewal prospects.
The asset’s older vintage points to clear value-add and capital planning opportunities to enhance competitive positioning against newer stock. Lower local home values suggest ownership is relatively accessible, so pricing power is likely earned through operational execution and renovations rather than outsized premiums. Demographic trends within 3 miles show gradual population and household growth with smaller household sizes, which can expand the renter pool and support occupancy stability over time.
- Renter-heavy neighborhood supports steady tenant demand and absorption.
- Competitive access to dining, grocery, and pharmacy amenities aids retention.
- 1973 vintage offers value-add potential through targeted renovations and systems upgrades.
- Gradual growth and smaller household sizes within 3 miles point to a larger renter base.
- Risk: lower local home values and rent-to-income pressures may temper pricing power; underwrite to retention and operational execution.