| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 62nd | Best |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5415 Cowhorn Creek Rd, Texarkana, TX, 75503, US |
| Region / Metro | Texarkana |
| Year of Construction | 1999 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5415 Cowhorn Creek Rd Texarkana Multifamily Investment
Neighborhood occupancy is competitive among Texarkana submarkets, supporting steady leasing and renter demand, according to WDSuite’s CRE market data. With balanced renter concentration and modest rent-to-income levels, the location positions 114 units for durable performance.
Rated A+ and ranked 2 out of 76 in the Texarkana metro, the neighborhood sits in the top quartile locally, signaling strong livability and investment appeal for workforce-oriented multifamily. Amenity access is a relative strength: cafes (ranked 2/76), restaurants (6/76), and groceries (8/76) place the area in the upper tier metro-wide and around the 68–84th national percentiles, which can aid leasing velocity and resident retention. Pharmacy density also trends favorably (77th percentile nationally). Park access is limited, a lifestyle trade-off to consider when positioning amenities onsite.
Occupancy across the neighborhood is above the metro median (nationally about the mid-60s percentile), a constructive signal for baseline stability. Median rent levels sit near national mid-percentiles with a rent-to-income ratio around national mid-range, suggesting manageable affordability pressure — helpful for lease management and renewals. Home values trend below national mid-percentiles, indicating a more accessible ownership market that can introduce some competitive tension with rentals; operators may lean on convenience, amenities, and service to defend pricing.
Within a 3-mile radius, households increased modestly over the last five years despite a slight population dip, implying smaller household sizes and steady formation — dynamics that often support the renter pool. Looking forward, WDSuite’s data indicates households are projected to expand by 2028, pointing to a larger tenant base and potential support for occupancy and rent growth if supply remains measured. Median incomes have risen meaningfully in recent years, which can underpin collections and modest pricing power for well-maintained assets.
Tenure within 3 miles is balanced, with roughly half of housing units renter-occupied, indicating a deep tenant base for multifamily operators. The neighborhood’s late-1990s average construction vintage suggests residents are accustomed to garden and low-rise product; competitive positioning may benefit from targeted common-area updates, curb appeal, and in-unit modernization to stand out against comparable stock.
Safety indicators compare favorably versus neighborhoods nationwide, with both violent and property offense rates positioned around the top quartile nationally. Recent-year trend data also shows substantial declines in estimated violent and property offenses, a constructive signal for perception and leasing stability. As always, conditions can vary by block and over time; investors should pair this directional view with property-level diligence and management practices.
Built in 1999, the 114-unit property aligns with the neighborhood’s late-1990s stock while still offering value-add angles through selective modernization of interiors and common areas. Neighborhood occupancy performs above the metro median and amenity access is strong for dining, cafes, and daily needs — supportive of tenant retention. Within a 3-mile radius, households have edged higher and are projected to expand further by 2028, indicating a larger renter pool and potential support for steady absorption. Based on CRE market data from WDSuite, rent levels and the rent-to-income ratio trend near national mid-percentiles, reinforcing manageable affordability pressure for disciplined lease management.
Key considerations include a relatively accessible ownership market locally, which can create competition for certain renter cohorts, and limited park access that places more emphasis on onsite amenities. Still, favorable safety comparisons and consistent neighborhood fundamentals provide a constructive backdrop for long-term operations.
- Above-median neighborhood occupancy supports stable leasing and renewals.
- Late-1990s vintage (1999) with practical value-add upside via targeted renovations.
- Growing household base within 3 miles points to a larger tenant pool by 2028.
- Amenity-rich area (dining, cafes, groceries, pharmacies) aids retention and leasing.
- Risks: accessible ownership alternatives and limited parks may require sharper amenity and service differentiation.