| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Fair |
| Demographics | 10th | Poor |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 W 28th St, Plainview, TX, 79072, US |
| Region / Metro | Plainview |
| Year of Construction | 1972 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
910 W 28th St Plainview Multifamily Value-Add Opportunity
Neighborhood data points to a solid renter base and relatively low rent-to-income levels that can support retention, according to WDSuite’s CRE market data.
This Inner Suburb location in Plainview balances day-to-day convenience with steady workforce housing dynamics. Neighborhood grocery and pharmacy access rank competitive locally (both within the top 3 of 11 metro neighborhoods), while cafes and parks are limited—an amenity profile that skews functional rather than lifestyle-driven. Average school ratings trend weaker (near the lower end nationally), which investors should factor into leasing strategies aimed at value-seeking households.
Multifamily performance signals are mixed but serviceable for operations. Neighborhood occupancy is above the metro median (ranked 5 of 11), though it sits below national averages (lower national percentile). By contrast, renter-occupied housing concentration is competitive among Plainview neighborhoods (ranked 3 of 11) and in the top quintile nationally, indicating depth in the tenant base and support for leasing stability.
Construction trends suggest older stock nearby (average 1982), and the asset’s 1972 vintage positions it as older than the neighborhood norm. That age profile typically requires capital planning for systems and interiors but also presents renovation or repositioning upside relative to aging comparables.
Within a 3-mile radius, demographics show a modest population dip over the past five years alongside a small decline in household counts, but forecasts indicate population growth, a noticeable increase in total households, and smaller average household size. For investors, that combination points to a larger tenant base over time and supports occupancy stability, provided product quality and pricing align with demand. Median contract rents in the neighborhood remain on the accessible end and have risen over the last five years, aligning with sustained demand while preserving headroom for operational improvements.
Ownership costs are comparatively low for the metro, which can introduce some competition from entry-level ownership options. However, the neighborhood’s relatively low rent-to-income levels and established renter concentration tend to sustain multifamily demand and can aid lease retention and pricing discipline.
Safety indicators are mixed in a way investors should interpret comparatively. At the metro level, crime ranks toward the higher side (ranked 1 of 11 suggests more incidents relative to other Plainview neighborhoods), yet nationally the neighborhood sits above average on overall and violent safety percentiles, signaling a comparatively favorable position versus many U.S. neighborhoods.
Recent trends are constructive: both property and violent offense rates have declined year over year, with improvements that place the neighborhood in stronger national percentiles for momentum. For underwriting, frame assumptions around a locally average-to-weak metro ranking but recognize that national standing and recent declines point to gradual stabilization rather than deterioration.
910 W 28th St offers stable renter demand characteristics supported by a competitive renter-occupied share at the neighborhood level and an occupancy profile that performs above the metro median. The 1972 vintage is older than the neighborhood average, which underscores value-add and systems-capex planning potential to improve positioning versus aging local stock. According to CRE market data from WDSuite, accessible neighborhood rents and low rent-to-income ratios support retention and measured pricing flexibility, while 3-mile forecasts point to more households and a smaller average household size that can expand the renter pool.
Key considerations include a practical amenity set (stronger on essentials than lifestyle), softer school ratings, and local crime rankings that are weaker within the metro despite above-average national percentiles and improving trends. Underwriting that emphasizes operational execution—unit upgrades, expense control, and targeted leasing—can capture durable cash flow and potential NOI lift in line with regional demand.
- Neighborhood occupancy above metro median supports operational stability
- Competitive renter concentration provides depth to the tenant base
- 1972 vintage presents value-add and capital planning opportunities
- Essential amenities (grocery/pharmacy) support daily convenience for residents
- Risks: thinner lifestyle amenities, weaker school ratings, and metro-relative crime ranking