| 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 | 1998 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5415 Cowhorn Creek Rd Texarkana Multifamily Opportunity
Neighborhood occupancy is above the metro median, pointing to steady renter demand near retail and services, according to WDSuite s CRE market data.
Located in Texarkana s inner-suburban fabric, the area around 5415 Cowhorn Creek Rd shows healthy renter demand and day-to-day convenience that can support leasing stability. The neighborhood s occupancy ranks 10th among 76 metro neighborhoods (above the metro median), and renter-occupied housing accounts for a moderate share of units, indicating a workable tenant base without being overly saturated.
Retail and dining access is a relative strength: restaurant density is competitive locally (ranked 6 of 76) and sits in the upper tier nationally, while grocery and pharmacy access also track above national midpoints. Caf e9 availability ranks 2 of 76 neighborhoods and is in the 84th percentile nationwide, supporting lifestyle convenience that can aid retention and traffic.
Trade-offs include limited parks and formal childcare options within the immediate neighborhood (both rank near the bottom locally), which may matter for family-oriented positioning. Home values trend lower than national averages here (34th percentile), which can mean more attainable ownership alternatives; for multifamily investors, that typically translates to steadier demand at value-oriented price points but somewhat less pricing power than in higher-cost metros.
Within a 3-mile radius, demographics indicate a stable core with slight population contraction in recent years and a small increase in household counts, suggesting smaller household sizes. Forward-looking projections point to household growth and rising contract rents, which, if realized, would expand the renter pool and support occupancy; investors should still underwrite conservatively and focus on product quality and management to capture that demand.
Safety trends compare favorably in context. The neighborhood s crime profile ranks 19th out of 76 Texarkana metro neighborhoods, placing it above the metro average and in the 84th percentile for safety versus neighborhoods nationwide. Year over year, both violent and property offense estimates show sharp declines (each among the strongest improvements locally), which supports a more stable operating environment for communities serving long-term renters.
As with any micro-location, conditions can vary by block and over time. Investors should pair these comparative indicators with property-level security assessments and recent incident reviews when refining underwriting.
The submarket draws from a broad mix of healthcare, retail, logistics, and public-sector employment that supports workforce housing demand and commute convenience. Specific nearby employer distance data is not available in this dataset; investors should validate commute sheds during due diligence.
Built in 1998, the property offers a practical value-add profile: competitive for its vintage but likely to benefit from targeted interior updates and systems modernization to reinforce positioning against newer stock. Neighborhood fundamentals signal steady renter demand, with occupancy above the metro median and amenities that support daily needs, according to CRE market data from WDSuite.
Income potential is reinforced by the submarket s strong NOI-per-unit standing within the metro and projections for household growth within a 3-mile radius, which point to a larger tenant base over the medium term. Balanced against that, relatively attainable for-sale housing locally may temper outsized rent growth, so execution should focus on operational efficiency and differentiated finishes/amenities.
- Occupancy above metro median supports leasing stability
- 1998 vintage with clear value-add and modernization upside
- Amenity access (dining, grocery, pharmacy) aids retention and traffic
- Demographic projections (3-mile radius) indicate renter pool expansion
- Risk: more attainable ownership options may moderate pricing power