| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 54th | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 N Eastman Rd, Longview, TX, 75601, US |
| Region / Metro | Longview |
| Year of Construction | 1974 |
| Units | 22 |
| Transaction Date | 2018-10-10 |
| Transaction Price | $693,000 |
| Buyer | EASTMAN RD LLC |
| Seller | DIDDI |
1301 N Eastman Rd Longview 22-Unit Multifamily
Inner-suburb location with park access and steady renter demand supports durable operations, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit around the metro median, pointing to manageable lease-up risk and attention to execution.
This Inner Suburb pocket of Longview ranks among the top quartile of the metro’s 130 neighborhoods, with amenity access that is competitive locally. Park density ranks 1st out of 130 neighborhoods in the metro, while restaurants and cafes are above the metro median, helping sustain day-to-day convenience for residents.
Neighborhood occupancy is above the metro median, signaling stable leasing conditions relative to peers. Median asking rents sit near the middle of local distributions, and a rent-to-income ratio around the neighborhood level suggests balanced affordability that can support retention without overextending pricing power. Home values in the surrounding area are moderate for the region, which may create some competition from ownership but still leaves a deep tenant base for multifamily operators.
The property’s 1974 vintage predates the neighborhood’s average construction year (1981), implying potential value-add through interior modernization and systems updates. For investors, this positions the asset to compete against older stock with targeted capital planning while maintaining an attainable price point for renters.
Tenure patterns indicate depth in the rental market: within a 3-mile radius, an estimated majority of housing units are renter-occupied, which supports a larger tenant base and ongoing leasing velocity. Demographics within the same 3-mile radius show recent population growth and a notable increase in households, with projections for further gains and smaller average household sizes by 2028. These dynamics point to continued renter pool expansion and support for occupancy stability over the medium term, based on CRE market data from WDSuite.
Comparable neighborhood-level safety benchmarks are not available in this dataset. Investors typically contextualize on-the-ground conditions by reviewing city and county reports and comparing trends to nearby Longview submarkets. Given the property’s inner-suburb setting and amenity access, standard diligence such as time-of-day site visits and conversations with local managers can help calibrate leasing strategies and operating assumptions.
Proximity to regional employers supports workforce housing demand and commute convenience for residents. The following employer presence is representative of the nearby employment base.
- Sysco — foodservice distribution (6.1 miles)
1301 N Eastman Rd offers a 22-unit footprint in an A+ rated neighborhood with top-tier park access and everyday amenities that help drive renter stickiness. The 1974 vintage points to clear value-add levers through renovations and systems upgrades. According to CRE market data from WDSuite, neighborhood occupancy trends are above the metro median, and the surrounding ownership landscape is moderate by regional standards — factors that support steady demand while keeping pricing power disciplined.
Within a 3-mile radius, recent population gains, a larger household count, and a renter-occupied tilt indicate a growing tenant base, with projections calling for more households and smaller average household sizes by 2028. For investors, the combination of durable demand drivers and clear operational upside creates a straightforward execution story focused on renovations, resident retention, and disciplined revenue management.
- A+ neighborhood standing with top-ranked park access among 130 metro neighborhoods
- 1974 vintage provides value-add and systems upgrade potential
- Above-metro-median occupancy supports stable leasing and retention
- 3-mile radius shows renter pool expansion and rising household counts
- Risk: moderate ownership costs can compete with rentals, requiring careful pricing and amenity strategy