| 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 | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1500 Yonkers St Plainview Multifamily Investment
Positioned in an Inner Suburb of Plainview with a renter-occupied share above local norms, this asset benefits from a stable neighborhood occupancy backdrop according to WDSuite’s CRE market data. Neighborhood metrics reflect the area, not the property, and point to steady renter demand supported by accessible rents.
This B+–rated neighborhood (Competitive among Plainview neighborhoods, 4 of 11) offers a balanced setup for workforce housing. Neighborhood occupancy is 88.3% and has inched higher in recent years, indicating durable tenant retention at the area level rather than at a specific property. Renter-occupied housing is slightly over half of units, suggesting a deeper tenant base and consistent leasing velocity for multifamily.
Amenities are mixed. Dining and daily needs are present at meaningful densities (restaurants rank 3 of 11 locally; pharmacies rank 1 of 11 and sit in the upper national percentiles), while grocery and park access are limited within the neighborhood. Average school ratings sit below national norms, which may modestly influence family renter preferences and leasing strategies.
Rents in the neighborhood remain accessible relative to incomes, with a moderate rent-to-income profile that supports occupancy stability and renewal potential. Home values are low versus national readings, which can create some competition from ownership options; however, the neighborhood’s higher renter concentration helps sustain multifamily demand and supports pricing discipline.
Within a 3‑mile radius, recent population change has been roughly flat to slightly negative, but projections point to modest population growth and an increase in households over the next five years. A shift toward smaller household sizes would expand the renter pool and support multifamily absorption and lease-up performance.
Neighborhood safety compares favorably to national readings, with crime indicators landing above the national median for safety. Property offenses have moved lower year over year, and violent-offense measures sit in the better half of neighborhoods nationwide. While conditions can vary block to block, the overall trend suggests a reasonably stable safety profile for Plainview.
Within the Plainview metro context, the neighborhood is competitive, and recent directional improvement provides a constructive backdrop for resident retention and marketing. As always, investors should underwrite to submarket-level data and monitor trends rather than a single-year snapshot.
Employment access is primarily regional, supporting commuter demand for workforce housing. Nearby industrial and corporate roles contribute to a steady renter base reflected in local occupancy trends.
- Airgas Store — industrial gases & supplies (41.1 miles)
Built in 2000, the property is newer than much of the surrounding stock, offering a competitive edge versus older assets while still leaving room for targeted system upgrades or value-add repositioning. The 100‑unit scale supports operating efficiency. Neighborhood-level data signal steady occupancy, a renter-occupied share just over half of units, and accessible rents that aid renewal probability and cash flow resilience.
According to CRE market data from WDSuite, safety trends are stable to improving and area amenities are adequate for daily needs, though groceries and parks are thinner locally. Demographic statistics within a 3‑mile radius indicate modest population growth ahead and a projected increase in households, implying a larger tenant base and support for absorption. Investors should balance these positives against softer school ratings and the lower-cost ownership landscape when setting rent strategies and capital plans.
- 2000 vintage offers competitive positioning versus older local stock with selective value‑add potential
- Neighborhood occupancy is steady with a renter-occupied share just over half, supporting demand depth
- Accessible rents bolster renewal and pricing management in a workforce housing context
- 3‑mile projections suggest household growth, expanding the renter pool and supporting absorption
- Risks: below-average school ratings, limited neighborhood groceries/parks, and potential competition from ownership