| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 37th | Fair |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 302 S Green St, Hallsville, TX, 75650, US |
| Region / Metro | Hallsville |
| Year of Construction | 1981 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
302 S Green St, Hallsville TX Multifamily Investment
Renter demand in the surrounding neighborhood is above the metro median and supported by steady incomes, according to WDSuite’s CRE market data, suggesting a stable leasing base for a 20‑unit asset. This concise commercial real estate analysis points to balanced affordability that can aid retention and measured rent growth management.
Hallsville sits within the Longview, TX metro and this neighborhood is rated A- and suburban in character, ranking 32 out of 130 metro neighborhoods — competitive among Longview neighborhoods and near the top quartile. According to WDSuite’s CRE market data, overall housing indicators trend above metro median and roughly middle-of-the-pack nationally, a mix that can support durable renter demand without relying on outsized growth assumptions.
Livability is car-oriented with limited neighborhood amenities (amenities score around the 20th percentile nationally). Restaurants are present at a moderate level for the metro (ranked 26 of 130), while grocery, parks, and cafes are sparse in the immediate area. Childcare availability is comparatively better (ranked 14 of 130), which can help with family-oriented renter retention even as school ratings average around 2.0 and sit below national norms.
Ownership costs are elevated for the area (home values sit above the national median and value-to-income metrics are around the 70th percentile nationally). For multifamily investors, a higher-cost ownership landscape typically sustains reliance on rental housing, supporting tenant retention and pricing power, especially when paired with a rent-to-income profile around national midrange levels that helps manage affordability pressure.
Tenure data indicates a renter-occupied share that ranks 30 out of 130 neighborhoods — above the metro median — signaling a reasonably deep tenant base for small multifamily assets. Neighborhood occupancy is mid-pack locally and below national averages; investors should underwrite to prudent lease-up timelines and focus on retention tactics to maintain stability.
Within a 3-mile radius, demographics point to recent population and household growth, broad income diversity, and a growing number of households even as average household size trends lower. This combination generally supports a larger near-term renter pool and steadier absorption; however, forward-looking local projections suggest smaller households and shifting age mix, so operators should plan for evolving unit mix preferences and service needs over time.
Comparable crime benchmarks for this neighborhood were not available in the current WDSuite dataset. Investors typically contextualize safety by comparing local trends with metro and county averages and by reviewing multi-year patterns rather than single-year snapshots. Given the suburban setting, a practical approach is to pair on-the-ground observations with public records and property-level measures (lighting, access control) to support leasing and retention.
The broader Longview–Hallsville area draws from regional distribution and services employment, which can support workforce renter demand and commute convenience. Notable nearby employer:
- Sysco — foodservice distribution offices (9.7 miles)
Built in 1981, the property is older than the neighborhood’s average vintage, creating a clear value-add path through targeted renovations and systems upgrades while remaining competitive against newer stock. Neighborhood renter concentration is above the metro median, and ownership costs are relatively high in context, both supportive of a durable tenant base and pricing power. At the same time, neighborhood occupancy trends are mid-pack locally, so underwriting should assume disciplined leasing plans and a focus on renewals.
Within a 3-mile radius, recent growth in households and incomes expands the tenant base, and projections indicate more but smaller households ahead — a setup that can favor well-managed, right-sized units. According to CRE market data from WDSuite, area affordability sits near national midrange levels, which can aid retention while allowing for measured rent optimization following value-add improvements.
- 1981 vintage offers renovation and operational value-add potential versus newer competitive stock
- Above-median renter-occupied share supports demand depth for a 20-unit asset
- Elevated ownership costs in the area reinforce reliance on rental housing and pricing power
- Risk: neighborhood occupancy sits mid-pack locally — plan conservative lease-up and emphasize renewals