| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Good |
| Demographics | 14th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1500 Yonkers St, Plainview, TX, 79072, US |
| Region / Metro | Plainview |
| Year of Construction | 2000 |
| Units | 76 |
| Transaction Date | 2013-12-03 |
| Transaction Price | $62,500 |
| Buyer | STONEBRIAR VILLAGE LP |
| Seller | STONEBRIAR VILLAGE OF PLAINVIEW LTD |
1500 Yonkers St, Plainview TX Multifamily Investment
Neighborhood renter concentration is high and occupancy has held relatively steady, suggesting a stable tenant base for a 2000-vintage asset, according to WDSuite’s CRE market data.
Positioned in Plainview’s inner-suburb fabric, the property benefits from a renter-occupied share that is competitive among Plainview neighborhoods (ranked 1 of 11), indicating deeper multifamily demand relative to nearby areas. Neighborhood occupancy sits above the metro median (ranked 3 of 11) with a slight multi‑year uptick, supporting baseline leasing stability rather than outsized volatility.
The 2000 construction year is newer than the neighborhood’s average 1973 stock. That vintage gap can provide a competitive edge in unit finishes and systems, while still leaving room for targeted upgrades to drive rent premiums or retention-focused improvements.
Within a 3‑mile radius, population dipped modestly over the past five years, but forecasts point to renewed population growth and a notable increase in households alongside smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy durability, especially in workforce-oriented product. Median contract rents remain comparatively accessible, and the neighborhood’s rent-to-income level suggests manageable affordability pressure, which can aid lease renewals and reduce turnover risk.
Local amenity access is mixed: restaurants and cafes score above national averages (cafes in the top quartile nationally; pharmacies also high), while grocery, park, and childcare options are limited within the immediate neighborhood. For investors, this often means day‑to‑day convenience is adequate but not a lifestyle driver, aligning the area more with value-oriented demand than premium amenity expectations. Home values are relatively low for the region, which can introduce some competition from ownership options; however, accessible rents can still sustain renter reliance on multifamily housing. These dynamics are based on CRE market data from WDSuite and compare the neighborhood both to the Plainview metro (11 neighborhoods total) and to national percentiles.
Neighborhood safety indicators are better than many areas nationally, with overall crime in the upper third nationwide and above the metro median when ranked against 11 Plainview neighborhoods. According to WDSuite’s CRE market data, property offenses showed a sharp year‑over‑year decline and violent offense rates were relatively stable. For investors, this trend framing supports steady renter demand and helps leasing teams market consistency without overpromising.
Employment access is primarily regional, serving a workforce that commutes by car. Nearby industrial and business services presence contributes to stable renter demand where commute convenience matters.
- Airgas Store — industrial gases & supplies (41.0 miles)
This 76‑unit, 2000‑vintage asset aligns with a neighborhood that skews renter‑oriented and has maintained above‑median occupancy within the Plainview metro (11 neighborhoods total). Newer vintage relative to nearby 1970s stock offers competitive positioning with room for value‑add. Within a 3‑mile radius, forecasts indicate population growth and a larger household count as household sizes trend smaller — a setup that can expand the tenant base and support occupancy stability. According to CRE market data from WDSuite, rents remain comparatively accessible, which helps retention but also caps near‑term pricing power, pointing to an operations-first thesis focused on steady cash flow and targeted upgrades.
Amenity access is adequate for daily needs (notably restaurants, cafes, and pharmacies), while limited groceries and parks reinforce the area’s practical, workforce profile. Low home values could create some competition from ownership, but accessible rents and a strong renter share suggest continued reliance on multifamily housing. Safety indicators have trended favorably on property offenses, supporting leasing narratives without implying guarantees.
- Renter‑oriented neighborhood and above‑median metro occupancy support stable demand
- 2000 vintage vs. older local stock enables targeted value‑add and operating efficiency
- 3‑mile forecasts show more households and a larger renter pool, aiding lease stability
- Accessible rents favor retention; operations-first strategy can capture incremental rent through upgrades
- Risks: small-market depth, limited groceries/parks, low home values creating ownership competition