| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 40th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 W Texas Ave, Waskom, TX, 75692, US |
| Region / Metro | Waskom |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2024-12-09 |
| Transaction Price | $944,300 |
| Buyer | HOOD APARTMENTS I LLC |
| Seller | HOOD APARTMENTS LTD |
725 W Texas Ave, Waskom TX Multifamily Investment
Rural Longview metro location with a modest amenity base but growing household counts and an expected rise in renter share support steady tenant formation, according to WDSuites CRE market data.
This rural neighborhood in the Longview, TX metro skews low-density with limited nearby retail and services, emphasizing drive-to convenience over walkability. Neighborhood standing is below metro median among 130 Longview neighborhoods, reflecting modest amenity access and basic infrastructure rather than lifestyle positioning.
Neighborhood occupancy trends sit below many Longview submarkets (ranked 112 of 130 metro neighborhoods), which points to leasing competition and the need for hands-on management. At the same time, the areas small-town setting and stable housing stock can appeal to value-seeking renters who prioritize price and space over proximity to entertainment districts.
Within a 3-mile radius, households increased even as population contracted over the last five years, indicating smaller household sizes and a shift in housing demand toward smaller or more attainable rentals. Forward-looking data shows households are expected to continue rising and the renter-occupied share is projected to move toward roughly one-quarter by 2028, expanding the local tenant base and helping support occupancy stability. School ratings benchmark in lower national percentiles, which can influence family renter preferences and should be considered in leasing strategies.
Home values in the neighborhood are comparatively moderate for Texas, which can introduce some competition from ownership; however, for investors, this typically means renters weigh the total cost of ownership against more accessible rental options. That dynamic can support lease retention when paired with competitive pricing and pragmatic capital plans, as suggested by multifamily property research from WDSuite.
Comparable neighborhood crime metrics are not available in WDSuites dataset for this location. Investors typically benchmark safety using city and county sources, then compare directional trends to regional peers to understand tenant retention implications.
Given the rural context, operators often emphasize property-level controls and community standards, then monitor broader regional trends rather than block-level statistics.
- Sysco corporate offices (38.1 miles)
Regional employment is anchored by distribution and foodservice logistics, supporting workforce renter demand via commute-based housing decisions. Nearby examples include:
This 36-unit property offers exposure to a rural Longview submarket where household growth and an expected increase in renter concentration point to a gradually deepening tenant base. While neighborhood occupancy runs below the metro, that backdrop can create room for disciplined operations and targeted value positioning, particularly for compact floor plans and cost-conscious renters. According to CRE market data from WDSuite, local fundamentals favor operators who emphasize pricing discipline and pragmatic upgrades over amenity-heavy strategies.
Ownership costs in the area remain relatively moderate, which can introduce competition with entry-level homebuying; however, projected growth in households and renter share within a 3-mile radius suggests sustained demand for attainable rentals. Rent levels are projected to ease, which may temper near-term pricing power but can also support lease-up and retention when paired with responsive management and expense control.
- Household growth and rising renter concentration within 3 miles expand the tenant base
- Rural setting and modest ownership costs support demand for attainable rentals
- Operational upside from disciplined leasing and expense management in a below-metro-occupancy area
- Risk: Lower neighborhood occupancy and easing rent projections may limit near-term pricing power