| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 47th | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 405 Shelton St, Longview, TX, 75601, US |
| Region / Metro | Longview |
| Year of Construction | 2006 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
405 Shelton St Longview Multifamily Investment Opportunity
Built in 2006 with 36 units, this asset offers competitive positioning versus older neighborhood stock and taps into a deep renter base, according to WDSuite’s CRE market data. The immediate area shows consistent renter demand and everyday convenience that can support steady leasing and tenant retention.
The property sits in an inner-suburb setting of Longview rated A+ and competitive among Longview neighborhoods, ranking 3rd out of 130. Local amenity access is solid: parks and open space score in the top quartile nationally, and cafes are also in the top quartile, while grocery and restaurant density trends above national medians. These daily-life conveniences tend to enhance leasing velocity and renewal likelihood for working households.
Construction in the surrounding neighborhood skews older (average 1979), so a 2006 vintage positions this asset as relatively newer versus much of the nearby stock. That can support competitive rent attainment and reduce near-term capital exposure, though investors should still plan for system updates and contemporary finishes over a typical hold.
Renter-occupied share in the neighborhood is high (ranking 4th of 130 metro neighborhoods), indicating a sizable tenant pool and depth for multifamily demand. At the same time, neighborhood occupancy trends sit around the metro middle, suggesting leasing is steady but management focus on marketing and renewals remains important for performance.
Within a 3-mile radius, population has inched up and households have increased, with further household growth projected through 2028. This points to a larger tenant base and supports occupancy stability for well-managed assets. Median home values nearby are lower than many national markets, which can introduce some competition from ownership options, but also keep rental housing relevant for households prioritizing flexibility and lower upfront costs. For investors, this mix supports durable demand with prudent pricing and lease management.
Comparable neighborhood-level safety rankings are not available in the current dataset for this location. Investors typically benchmark neighborhood safety against metro and national patterns to understand leasing and retention implications; updated figures can refine that view as new data is released.
In the absence of verified rank or percentile indicators, it is prudent to triangulate with property-level history and surrounding area trends over multiple years to gauge stability rather than relying on isolated snapshots.
Nearby employment is anchored by distribution and corporate services, which supports workforce housing demand and commute convenience for tenants. The following employer reflects accessible job centers within a short drive.
- Sysco — foodservice distribution (5.1 miles)
This 36-unit, 2006-vintage community offers relative competitiveness versus older nearby stock and taps into a high renter concentration in a top-tier Longview neighborhood. Household growth within a 3-mile radius and steady amenity access support tenant retention and leasing continuity. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the metro middle, indicating stable performance potential with focused asset management.
Positioning is reinforced by everyday convenience (parks, cafes, groceries above national medians) and a renter-occupied housing share that ranks near the top of the metro, pointing to depth of demand. Investors should plan for ongoing modernization typical of mid-2000s assets and manage affordability pressure to sustain renewals and pricing power.
- 2006 vintage competes well against older neighborhood stock while allowing targeted value-add
- High renter-occupied share signals a deep tenant base and supports leasing stability
- Amenity access (parks/cafes/groceries) enhances livability and renewal potential
- Demand supported by household growth within 3 miles, aiding occupancy over time
- Risk: occupancy near metro middle and affordability pressure require active lease and expense management