| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 47th | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 522 N 1st St, Longview, TX, 75601, US |
| Region / Metro | Longview |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2011-08-15 |
| Transaction Price | $1,531,300 |
| Buyer | EAST TEXAS RENTAL PROPERTIES LLC |
| Seller | TNT DEVELOPMENT INC |
522 N 1st St Longview Multifamily Investment
Renter concentration in the neighborhood is high, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Forward indicators point to additional demand from household growth in the surrounding area, helping sustain occupancy over the medium term.
The property sits in an Inner Suburb of Longview where daily conveniences cluster nearby. Neighborhood amenity access is competitive within the metro: grocery options rank among the better-served areas (7th out of 130 neighborhoods), and park access is similarly strong (4th out of 130). Nationally, these amenity densities land in the upper percentiles, reinforcing day-to-day livability that can aid retention and leasing.
Multifamily dynamics are supported by a high share of renter-occupied housing units. The neighborhood’s renter concentration ranks 4th of 130 in the metro (top quartile), indicating depth in the tenant pool and resilience for workforce-oriented properties. At the same time, neighborhood occupancy trends sit closer to the middle of the metro distribution, suggesting the importance of consistent leasing and renewal management to maintain stability.
Vintage is a consideration: built in 1972 versus a neighborhood average year of 1979, the asset is older than much of the local stock. For investors, that typically means planning for targeted capital projects and potential value-add scope (exterior, interiors, or systems) to sharpen competitive positioning against slightly newer comparables.
Within a 3-mile radius, demographics show stable near-term conditions with a projected increase in households over the next five years, implying a larger tenant base and supportive demand for rental units. While local home values sit below national medians (34th percentile), ownership being more attainable can introduce competition at the margins; however, relatively accessible rentals can still drive lease-up velocity and retention where management and product fit match neighborhood needs.
Comparable, trend-based safety assessments are important for underwriting, but specific neighborhood crime metrics are not available in WDSuite’s current dataset for this location. Investors typically benchmark against citywide and metro trends and incorporate property-level measures (lighting, access control, and visibility) alongside local comparables to gauge tenant retention and leasing risk.
Proximity to regional employers supports commuter convenience and renter demand, with nearby distribution and corporate operations contributing to a steady workforce renter base. The list below highlights a nearby employer relevant to the area’s employment mix.
- Sysco — foodservice distribution (4.9 miles)
This 22-unit, 1972-vintage asset in an amenity-served Inner Suburb benefits from strong renter concentration and solid neighborhood livability drivers. According to CRE market data from WDSuite, the neighborhood ranks near the top locally for renter-occupied share, while grocery, parks, and everyday services test well both in-metro and against national benchmarks. The older vintage points to sensible capital planning and value-add potential to enhance competitiveness and support rent growth within market norms.
Within a 3-mile radius, household counts are projected to rise, implying renter pool expansion that can support occupancy and renewal performance. Ownership costs in the area are relatively more accessible compared with national levels, which can create some competition with entry-level ownership; thoughtful unit finishes, management, and pricing strategy can help sustain leasing momentum and retention.
- High renter concentration in the neighborhood supports a deeper tenant base and more predictable leasing.
- Amenity access (grocery, parks, services) ranks competitively in-metro and helps retention.
- 1972 vintage offers clear value-add and targeted capex opportunities to improve positioning.
- 3-mile household growth outlook supports demand and occupancy over the medium term.
- Risks: mid-pack occupancy trends and potential competition from attainable ownership require attentive leasing and pricing management.