| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 55th | Best |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 506 Burma Rd, Wake Village, TX, 75501, US |
| Region / Metro | Wake Village |
| Year of Construction | 1985 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
506 Burma Rd, Wake Village Multifamily Investment
Situated in an inner-suburban pocket of the Texarkana metro, the property benefits from steady neighborhood occupancy and everyday conveniences, according to WDSuite’s CRE market data. The core investor takeaway is durable renter demand at approachable price points relative to national norms.
This inner-suburb neighborhood ranks near the top among 76 Texarkana neighborhoods with an A+ neighborhood rating, indicating strong local fundamentals for multifamily. Neighborhood occupancy runs competitive among Texarkana neighborhoods and sits above national midpoints, supporting income stability for professionally managed assets.
Everyday amenities are accessible, highlighted by a dense café presence and solid grocery options in the immediate area. Park and pharmacy access are more limited locally, so on-site offerings and nearby retail become more relevant to resident convenience.
Renter concentration within the neighborhood is roughly one-third of housing units, suggesting a balanced mix of owners and renters. Within a 3-mile radius, demographic data show households have grown even as average household size has edged down, creating a larger tenant base for smaller-format units and supporting occupancy stability over time.
Home values in the area sit below national medians, which can introduce some competition from ownership options. That said, rent-to-income levels remain manageable by national standards, a dynamic that can aid retention and reduce turnover exposure for value-focused communities.
Vintage is a consideration: built in 1985, the asset is older than the neighborhood’s average construction year. That typically points to capital planning for systems and an opportunity to drive returns through targeted interior refreshes and exterior/common-area enhancements to compete with newer stock.
Safety indicators present a nuanced picture. Compared with the Texarkana metro, the neighborhood’s crime rank places it nearer the higher-incident end among 76 neighborhoods, warranting prudent security and lighting measures at the asset level. At the same time, national comparisons are favorable, with safety metrics placing the area in the top decile nationally, and recent year-over-year declines in both property and violent offenses reinforce an improving trend. Investors should underwrite to local operating practices while recognizing the broader comparative strength.
The investment case centers on steady neighborhood occupancy, approachable renter economics, and a practical value-add path. Based on CRE market data from WDSuite, the immediate area ranks among the stronger Texarkana neighborhoods, with everyday amenities that support leasing and retention even as park and pharmacy access remain thinner. Below-national home values may temper pricing power, but they also sustain a reliable pool of renters who prioritize convenience and value.
The 1985 vintage suggests near- to medium-term capital planning for building systems and a relevant renovation program to modernize finishes and common areas. Within a 3-mile radius, households are expanding and average household size is edging lower, implying a broader renter base for smaller layouts and reinforcing occupancy stability over time.
- Competitive neighborhood standing within Texarkana supports leasing and income stability.
- Manageable rent-to-income dynamics bolster retention and reduce turnover risk.
- 1985 vintage presents value-add potential via targeted unit and common-area upgrades.
- Expanding household counts within 3 miles point to a larger tenant base for smaller-format units.
- Risks: competitive pull from lower-cost homeownership and the need for ongoing capex and on-site security best practices.