| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 49th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Meadowgreen Dr, Kilgore, TX, 75662, US |
| Region / Metro | Kilgore |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 Meadowgreen Dr, Kilgore — 2012 Multifamily Opportunity
Neighborhood indicators point to durable renter demand with manageable affordability pressure, according to CRE market data from WDSuite’s Longview, TX coverage. Projections for a larger household base within 3 miles suggest support for occupancy and steady leasing over the medium term.
The property sits in an A-rated neighborhood within the Longview, TX metro, ranked 10 out of 130 neighborhoods—competitive locally and in the top quartile metro-wide by WDSuite’s composite scoring. This location skews rural in character yet benefits from practical essentials, with grocery and pharmacy access comparing favorably to many peer areas. Cafe density is limited, but parks access ranks strong, supporting day-to-day livability that can aid retention.
Area rents and incomes indicate a balanced affordability profile: neighborhood median contract rents track near the national middle, while household incomes are above national medians. The resulting rent-to-income positioning is favorable for lease retention and reduces near-term affordability pressure. At the same time, home values are relatively accessible versus national norms, which can introduce competition from entry-level ownership; prudent pricing and amenity positioning can mitigate this risk for multifamily assets.
The average neighborhood construction vintage is 1984, while this asset was built in 2012. The newer vintage provides a competitive edge against older stock and can limit near-term capital needs; investors should still plan for system updates and targeted modernization as the property moves through its second decade.
Within a 3-mile radius, demographic statistics show a modest pullback in recent years but a projected expansion in both population and households over the next five years. A renter-occupied share around one-quarter today, with projections indicating incremental renter pool expansion, suggests a stable—if not deep—tenant base. These dynamics, paired with steady neighborhood amenities and a newer asset profile, support consistent leasing fundamentals.
Comparable neighborhood safety benchmarks are not available in the provided dataset for this location. Investors commonly evaluate crime trends relative to the Longview metro and to national baselines; in the absence of confirmed figures here, it is prudent to underwrite conservatively and align security features and lighting with standard regional expectations.
As with any submarket diligence, consider reviewing recent police reports and third-party safety indices at the neighborhood level before finalizing assumptions on insurance, staffing, or CAPEX related to safety.
- Sysco — foodservice distribution (8.3 miles)
Nearby employment is anchored by distribution and logistics, providing a steady commuter base that supports workforce housing demand and lease stability at this location.
Built in 2012, this 24-unit asset competes well against an older neighborhood inventory, offering investors a relatively modern basis with potential for targeted upgrades rather than heavy repositioning. Neighborhood scoring ranks in the top tier within the Longview metro, and the rent-to-income profile indicates manageable affordability pressure that can support retention and occupancy stability. According to CRE market data from WDSuite, amenity access for essentials is solid, while parks availability enhances livability—useful for maintaining leasing momentum.
Demographic statistics within a 3-mile radius point to a projected increase in households over the medium term, implying a larger tenant base for multifamily. While relatively accessible home values may create competition with ownership, steady incomes and a growing household base should support demand for quality rental options. Investors should monitor neighborhood-level occupancy trends, which have been softer than metro leaders, and calibrate leasing strategy and renewal management accordingly.
- 2012 vintage competes well versus older neighborhood stock, with selective value-add potential
- Top-quartile neighborhood ranking in the Longview metro supports renter appeal
- Favorable rent-to-income dynamics bolster lease retention and pricing flexibility
- 3-mile projections indicate a larger household base, expanding the renter pool over time
- Risks: accessible ownership options and below-metro neighborhood occupancy warrant conservative underwriting