| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 45th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 511 Blake St, Texarkana, TX, 75501, US |
| Region / Metro | Texarkana |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | 2009-03-06 |
| Transaction Price | $468,800 |
| Buyer | CAI HOLDING LLC |
| Seller | BLOOMING EDGE GROUP LLC |
511 Blake St Texarkana Multifamily Investment Opportunity
Neighborhood occupancy has trended solid with a renter-occupied share above half, supporting demand stability for small-unit product, according to WDSuite’s CRE market data. These are neighborhood-level indicators, not property performance.
The property sits in an Inner Suburb pocket of Texarkana that scores competitive among Texarkana neighborhoods (ranked 4 out of 76 overall) and posts a Top quartile nationally standing for several everyday amenities. Grocery and pharmacy access test well (both ranked within the top 3 of 76 locally and above the 70th national percentile), with cafes and restaurants similarly dense relative to the metro. These location fundamentals help broaden the tenant pool and support leasing.
Neighborhood occupancy is strong and has improved over the last five years, and the share of housing units that are renter-occupied is just over half. For investors, that renter concentration points to a reliable base of demand for smaller floor plans and workforce-oriented units. Note that these are neighborhood metrics and do not represent property-level occupancy.
Construction patterns skew newer locally, with the average neighborhood vintage around 1990; by comparison, this asset was built in 1980. Being older than nearby stock suggests planning for ongoing capital expenditures and presents value-add potential through targeted interior updates and systems modernization to stay competitive against newer inventory.
Three-mile radius demographics indicate a stable to slightly contracting population in recent years but a projected increase in households alongside smaller average household sizes. For multifamily investors, a rise in household counts with smaller households typically means a larger tenant base and steady absorption of studio and one-bedroom units, supporting occupancy stability. Median home values in the neighborhood track on the lower side nationally, which can create some competition from ownership options; however, rent-to-income levels are moderate, which can aid retention and limit turnover pressure.
Schools in the area trend below national averages (metro rank in the top 24% locally but only ~37th percentile nationally). While not a primary driver for all renter cohorts, this is a consideration for family-oriented leasing strategies and may influence unit mix positioning and pricing.
Neighborhood safety indicators compare favorably at the national level, with overall crime measures positioned above the U.S. median (around the 72nd percentile for safety compared with neighborhoods nationwide). Within the Texarkana metro, the area trends around the middle of the pack, signaling conditions that are neither an outlier risk nor a top-tier standout when viewed locally.
Recent trend data shows notable year-over-year declines in both property and violent offense rates, placing the neighborhood among the stronger national improvers. For investors, the direction of change matters: improving safety trends can support tenant retention and broaden the applicant pool, though ongoing monitoring remains prudent.
Verified nearby employer-distance records are not available for this property at this time.
This 20-unit, 1980-vintage asset sits in a competitive Texarkana neighborhood with everyday amenities and solid neighborhood occupancy, which supports leasing durability for smaller units. Being older than the local average vintage suggests both near-term capex planning and value-add potential through selective renovations to defend positioning versus newer stock. Based on CRE market data from WDSuite, neighborhood renter-occupied share remains just over half and occupancy has improved, indicating depth in the tenant base at the neighborhood level.
Three-mile demographics point to a projected increase in households alongside smaller household sizes, which typically expands the renter pool and supports occupancy stability. Neighborhood home values sit on the more accessible side nationally, implying some competition from ownership, but moderate rent-to-income dynamics can help sustain retention. Safety trends have improved year over year, reducing downside risk if those gains persist, while below-average school ratings and limited parks/childcare density are considerations for family-oriented demand.
- Competitive neighborhood with strong day-to-day amenities and solid occupancy supporting leasing stability
- 1980 vintage offers value-add potential via targeted renovations and systems upgrades
- Three-mile household growth and smaller household sizes point to a larger renter pool over time
- Moderate rent-to-income environment can aid tenant retention and pricing flexibility
- Risks: below-average school ratings, limited park/childcare density, and competitive pressure from accessible homeownership options