| 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 100-Unit Value-Add
Neighborhood fundamentals point to steady renter demand, with occupancy trending stable and a meaningful share of units renter-occupied, according to WDSuite s CRE market data. Positioned for upgrades, the 1973 vintage offers scope to enhance operations and capture durable cash flow in an inner-suburban setting.
Located in Texarkana s inner suburb, the property sits in a neighborhood rated A- and ranked 18 of 76 locally placing it in the top quartile among metro neighborhoods. Amenity access is practical rather than premium: grocery and pharmacy options rank competitively within the metro, while restaurants are strong relative to peers; parks and caf density are limited. These patterns suggest day-to-day convenience that supports resident retention without commanding top-tier premiums.
Renter demand signals are constructive. The neighborhood s renter-occupied share is elevated (near half of housing units), indicating depth in the tenant base that supports leasing continuity. Neighborhood occupancy is reported around the high-80s and has improved over the last five years, reinforcing expectations for stable operations through normal cycles based on CRE market data from WDSuite. Median contract rents in the neighborhood have risen over the last cycle, while remaining below gateway-market levels, which can aid leasing velocity.
Property vintage matters for competitive positioning. With an average neighborhood construction year in the early 1980s, this 1973 asset is older than the local stock. That typically implies near- to medium-term capital planning for unit interiors, building systems, and common areas but also provides value-add levers to differentiate versus comparable Class C assets.
Within a 3-mile radius, population and household counts have grown modestly and are projected to continue expanding, while average household size trends smaller. For investors, a larger household base and smaller household sizes typically support multifamily absorption and occupancy stability. Median home values in the neighborhood are relatively low for Texas, which can introduce some competition from entry-level ownership; however, this also sets a rational ceiling for rent growth and focuses the strategy on durable occupancy and cost-effective renovations rather than luxury repositioning.
Safety indicators compare favorably in a metro context and are solid nationally. The neighborhood s safety ranking is above the metro median among 76 Texarkana neighborhoods, and national positioning sits roughly in the upper quartile, indicating comparatively safer conditions than many U.S. neighborhoods. Recent data also show notable year-over-year declines in both property and violent offense rates, pointing to improving local conditions without implying block-level guarantees.
For investors, these trends support tenant retention and leasing consistency relative to similar vintage assets in lower-ranked areas. As always, underwriting should incorporate on-the-ground diligence and property-level security posture rather than relying solely on neighborhood averages.
Major employment centers across the Texarkana area provide a diversified commuter base that supports workforce housing demand for this location. A distance-verified employer list is not available in this dataset; investors should supplement with local employer mapping during site visits.
The investment case centers on durable renter demand, value-add potential, and relative affordability. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally with stable occupancy and an above-median renter-occupied share, supporting consistent leasing. The 1973 vintage is older than nearby stock, creating a clear pathway for capex-driven upgrades to interiors and common areas to lift effective rents while prioritizing retention.
Within a 3-mile radius, modest population growth and an increasing household count expand the tenant base, while smaller household sizes favor multifamily over time. Neighborhood home values are comparatively low, suggesting price-sensitive renters and a strategy oriented toward operational execution and affordability-aware rent management rather than premium repositioning.
- Stable neighborhood occupancy and elevated renter-occupied share support leasing continuity
- 1973 vintage offers value-add upside through targeted renovations and systems upgrades
- Modest 3-mile population and household growth underpins tenant base expansion
- Relative affordability positions the asset for retention-focused rent strategy and steady cash flow
- Risks: renter affordability pressure and entry-level ownership competition require disciplined underwriting and expense control