| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Good |
| Demographics | 61st | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 E Pine St, Hallsville, TX, 75650, US |
| Region / Metro | Hallsville |
| Year of Construction | 2009 |
| Units | 32 |
| Transaction Date | 2017-03-31 |
| Transaction Price | $5,625,000 |
| Buyer | OGILVIE FAMILY LIMITED PARTNERSHIP |
| Seller | HALLSVILLE APARTMENT INVESTORS LLC |
310 E Pine St, Hallsville TX — 32-Unit Investment
Newer 2009 vintage in a suburban Longview submarket suggests competitive positioning versus older local stock, with renter demand supported by a sizable renter-occupied presence in the neighborhood, according to WDSuite s CRE market data.
Hallsville sits within the Longview, TX metro and scores well at the neighborhood level (A rating), ranking 17 out of 130 metro neighborhoods — a top quartile position that indicates solid livability for a workforce renter base. The submarket skews suburban with limited lifestyle density, but essential services are present, including grocery and pharmacy options nearby relative to other local areas.
The property s 2009 construction is newer than the area s typical 1980s vintage. That generally supports competitive standing versus older assets while still warranting routine capital planning for mid-life systems and select renovations to maintain leasing momentum.
Unit tenure data shows a high share of renter-occupied housing at the neighborhood level (ranked 9 of 130 in the metro), signaling depth in the tenant base and potential demand stability for multifamily operators. Neighborhood occupancy rates have moderated in recent years, so prudent leasing strategies and targeted turns may be needed to sustain performance.
Within a 3-mile radius, demographic statistics from WDSuite show recent population growth alongside a faster increase in households and smaller average household sizes. Looking ahead, forecasts point to more, smaller households even as population trends flatten, which can expand the renter pool and support occupancy in modestly sized units. Average school ratings in the neighborhood are around 3.0 out of 5, which is competitive among Longview neighborhoods and aligns with steady family-oriented demand.
Home values in the neighborhood are relatively accessible versus national norms, which can introduce some competition from ownership. However, rents remain manageable in income terms locally, supporting retention and measured pricing power for well-run assets.
Comparable neighborhood safety data is not available in this dataset for Hallsville. Investors should benchmark conditions against the broader Longview metro using public records and owner/manager reporting to understand on-the-ground trends and any recent changes.
As with any suburban location, underwriting should incorporate practical measures such as lighting, access control, and resident engagement programs, and compare incident trends to peer neighborhoods in the region when data is available.
Employment access is oriented to regional corporate and distribution nodes, supporting commute convenience for service, logistics, and office workers. Notable nearby employer includes:
- Sysco — foodservice distribution offices (10.1 miles)
This 32-unit, 2009-built asset in suburban Hallsville benefits from a strong neighborhood standing within the Longview metro and a renter-occupied housing presence that supports leasing depth. The newer vintage relative to local 1980s stock offers competitive positioning while leaving room for targeted upgrades to sustain rent performance. According to CRE market data from WDSuite, neighborhood occupancy has eased from earlier highs, making disciplined lease management and value-forward renovations important for stability.
Within a 3-mile radius, recent growth in households and smaller household sizes point to a larger tenant base for efficiently sized units. Ownership remains relatively accessible in the area, which can temper rent growth at the margin; however, manageable rent-to-income dynamics and steady service-sector employment access support retention for properties that execute on operations and maintenance.
- Newer 2009 vintage versus older local stock supports competitive positioning and lowers near-term CapEx versus 1980s peers.
- Renter-occupied share in the neighborhood signals a deep tenant base and potential demand stability.
- Household growth and smaller household sizes within 3 miles expand the renter pool for modest unit footprints.
- Accessible ownership options may create competitive pressure, requiring disciplined pricing and resident retention strategies.
- Neighborhood occupancy has moderated; focus on leasing execution and targeted renovations to sustain performance.