| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Fair |
| Demographics | 17th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 331 N Longview St, Kilgore, TX, 75662, US |
| Region / Metro | Kilgore |
| Year of Construction | 1979 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
331 N Longview St, Kilgore TX Multifamily Investment
Stable renter demand at the neighborhood level and moderate rent-to-income dynamics suggest manageable retention risk, according to WDSuite’s CRE market data. Positioning a 1979 vintage near everyday amenities provides value-add potential without relying on aggressive underwriting.
The property sits in a Kilgore neighborhood rated B+ and ranked 48th of 130 within the Longview metro—competitive among Longview neighborhoods. Amenity access is a relative strength: restaurants and grocery options track in the upper national percentiles, with parks and cafes also testing above average. Childcare coverage is thinner, which may modestly influence family-oriented appeal.
Neighborhood occupancy is measured for the area, not the property, and sits below typical metro levels, indicating some leasing softness; however, the share of housing units that are renter-occupied is near the top of the metro distribution, signaling a durable tenant base for multifamily product. Median rents in the neighborhood are on the lower end nationally, which can support lease-up and retention while leaving room for targeted upgrades.
Within a 3-mile radius, recent years show population and household contraction, but forward projections indicate potential household and population growth—implying a larger tenant base over the medium term if realized. Income trends in the 3-mile radius have risen, which can help support steady effective rents while preserving affordability headroom for working households.
The 1979 construction year is slightly older than the local average stock (early 1980s). For investors, that typically points to planned capital work—exterior refresh, unit interiors, and building systems—which can reposition the asset to compete against both newer stock and value-conscious alternatives.
School ratings in the neighborhood track below national norms, which may slightly narrow family-driven demand relative to suburbs with stronger schools. Home values are relatively low versus national benchmarks, meaning ownership is more accessible than in high-cost markets; investors should account for some competition from entry-level ownership while noting that moderate rents and a sizable renter-occupied share can still underpin steady occupancy.
Safety metrics for the neighborhood compare favorably on violent incidents, testing in the top quartile nationally. Compared with other Longview metro neighborhoods (130 total), however, local ranking indicates elevated property-incident activity and a recent uptick year over year. For investors, that mix typically argues for routine security measures, lighting, and site-level visibility to support resident satisfaction and retention.
Overall, the area trends above the national midpoint on broad safety composites, but local property-crime dynamics merit active management and coordination with on-site protocols.
The employment base within commuting distance includes distribution and foodservice, supporting workforce housing demand and day-shift schedules that align with stabilized multifamily operations. The list below reflects nearby employers likely to influence leasing velocity and retention.
- Sysco — foodservice distribution (9.6 miles)
This 72-unit, 1979-vintage asset in Kilgore is positioned in a neighborhood that is competitive among Longview submarkets and supported by a high renter-occupied share locally. According to CRE market data from WDSuite, neighborhood-level rents remain modest relative to national benchmarks, which can aid lease-up, reduce turnover pressure, and create room for value-oriented renovations. Forward-looking 3-mile projections point to potential renter pool expansion, while today’s ownership accessibility suggests investors should balance pricing power with thoughtful amenity and unit-scope improvements.
The vintage implies near- to mid-term capital needs, but that also underwrites a clear value-add path: unit interiors, curb appeal, and efficiency upgrades to better compete with newer stock. Investors should underwrite to current neighborhood occupancy dynamics and incorporate prudent security and operations plans given locally elevated property-incident activity despite strong standing on violent safety metrics.
- Competitive neighborhood rank in the Longview metro with strong amenity access supporting daily-life convenience
- Modest rent levels and a sizable renter-occupied share indicate depth for workforce housing and retention
- 1979 vintage offers clear value-add levers via interior upgrades and systems improvements
- 3-mile projections suggest a growing tenant base over time, supporting occupancy stability
- Risks: softer neighborhood occupancy today, locally elevated property incidents, and some competition from entry-level homeownership