| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 8th | Poor |
| Amenities | 14th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 S Eastman Rd, Longview, TX, 75602, US |
| Region / Metro | Longview |
| Year of Construction | 1998 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 S Eastman Rd, Longview TX Multifamily Investment
Neighborhood-level occupancy sits in the mid-80s and has inched up over the past five years, according to WDSuite’s CRE market data, suggesting stable but competitive leasing conditions for workforce renters.
This suburban Longview location serves a workforce renter base with generally modest rents and a renter-occupied housing share that is meaningful for a smaller Texas metro. The immediate neighborhood reports 31.9% of housing units as renter-occupied, indicating a defined tenant pool and steady demand for multifamily product rather than owner-dominated dynamics.
At the metro level (130 neighborhoods), this area trends below the median on overall neighborhood rating, but occupancy has improved modestly over the last five years. Median contract rents in the neighborhood benchmark on the lower side nationally, which can support lease retention and reduce down-cycle volatility, though it may temper near-term pricing power compared to higher-income submarkets.
Amenity density is limited within the neighborhood for restaurants, grocery, parks, and cafés, but pharmacy access is a relative strength, ranking among the better concentrations locally (5th of 130). Investors should anticipate that convenience-driven demand hinges more on roadway access and job proximity than on walkable retail.
The property’s 1998 vintage is newer than the area’s older housing stock (average construction year 1958), which can enhance competitiveness versus legacy assets; however, investors should still plan for system updates and selective modernization given the asset’s age.
Demographic statistics aggregated within a 3-mile radius show recent population and household softness over the past five years, but forecasts point to a larger household base and a rising renter share through the next period. This trajectory implies a potentially expanding tenant base and support for occupancy stability if those households materialize as projected in the local economy.
Home values in the neighborhood benchmark low nationally. In practice, this can create some competition with ownership options, so underwriting should emphasize value positioning, resident experience, and operational execution to sustain leasing velocity.
Comparable neighborhood-level safety data were not available in the provided feed for this Longview submarket. Investors typically assess safety comparatively at the neighborhood and metro levels; in the absence of a current rank or national percentile, rely on trend-oriented diligence (local police reports, insurer loss runs, and resident feedback) and compare findings against other Longview neighborhoods to contextualize risk.
- Sysco — foodservice distribution (3.5 miles)
Nearby employment is anchored by distribution and corporate services, supporting commute convenience for shift and office workers reflected below.
This 40-unit asset, built in 1998, competes favorably against an older neighborhood base while serving a renter pool that is present locally and projected to expand within a 3-mile radius. Neighborhood occupancy has inched higher in recent years and sits in the mid-80s; combined with lower national positioning on asking rents, this points to durable day‑to‑day leasing with measured pricing power. Based on CRE market data from WDSuite, the area’s renter concentration and improving household outlook support a hold-oriented strategy focused on operational efficiency and selective upgrades.
Key considerations include limited walkable amenities and a low-cost ownership landscape that may cap outsized rent gains; however, the property’s relative vintage advantage and workforce accessibility can underpin retention, especially if capital plans target unit modernization and reliability of building systems.
- 1998 vintage offers competitive positioning versus older neighborhood stock, with targeted upgrades to enhance appeal
- Neighborhood occupancy in the mid-80s and modest five-year improvement support steady leasing
- Lower relative rent levels aid retention and reduce volatility risk for workforce renters
- 3-mile forecasts indicate growth in households and renter share, expanding the tenant base
- Risks: sparse neighborhood amenities and accessible ownership options may limit pricing power; prioritize operations and resident experience