| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 58th | Good |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Hamilton St, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Hamilton St, Kerrville TX Multifamily Investment
Neighborhood occupancy is high and renter demand is durable, according to WDSuite’s CRE market data, positioning this 24-unit asset for steady leasing in a suburban Kerrville location.
The immediate neighborhood rates A- and is competitive among Kerrville neighborhoods, with neighborhood occupancy around 97.2% (top quartile nationally). For investors, that translates to lower downtime risk and stronger renewal potential at stabilized properties. These statistics reflect neighborhood conditions, not the property itself, and are based on CRE market data from WDSuite.
Renter-occupied share is approximately 52% of housing units (near the top among 24 Kerrville neighborhoods and around the 90th percentile nationally), indicating a deep tenant pool for multifamily product and consistent absorption of smaller units. Median contract rents in the neighborhood sit near the metro middle, supporting a balanced leasing story rather than a pure luxury thesis.
Amenity access skews toward dining: restaurant density ranks 2nd of 24 locally and above the national median, while cafes also rank well. Daily-needs options (grocery, pharmacies, parks) are limited within the immediate neighborhood footprint, so residents may rely on short drives for errands. For operators, this mix favors convenience-driven renters but suggests limited walk-to retail beyond food and beverage.
Within a 3-mile radius, population and households have grown and are projected to expand further over the next five years, pointing to a larger tenant base and supporting occupancy stability. Median home values are relatively accessible for owners in the local context, which can create some competition with entry-level ownership; even so, multifamily remains attractive for flexibility and proximity benefits, particularly for compact unit types.
Vintage implications: Built in 1984, the property is older than the area’s average 1991 stock. Investors should underwrite near-term capital planning and consider value-add or modernization to maintain competitive positioning versus newer inventory.
Safety indicators are above the national median and above the metro median among Kerrville’s 24 neighborhoods, per WDSuite. Violent incidents compare favorably at the national level with recent improvement, while property-related incidents, though better than the national median overall, have shown a year-over-year uptick. For underwriting, standard measures around lighting, access control, and resident engagement remain prudent given the mixed trend.
Employer proximity details with verified distances are not available in this dataset. Investors should assume leasing here reflects a diversified, suburban employment base across Kerrville rather than a single dominant campus.
This 24-unit, 1984-vintage asset aligns with a high-occupancy neighborhood and a sizable renter base, supporting steady lease-up and renewals. Within 3 miles, population and household growth point to a larger tenant base ahead, while neighborhood rents sit near the metro middle—supportive for sustained demand without relying on peak pricing. According to CRE market data from WDSuite, neighborhood occupancy performs in the top quartile nationally and is competitive among Kerrville neighborhoods, reinforcing the stability thesis.
The 1984 construction suggests underwriting for modernization and selective value-add to stay competitive versus newer stock. Ownership costs in the area are comparatively accessible, which can introduce some competition with for-sale housing; however, a strong renter concentration and projected household gains underpin demand depth and retention potential.
- High neighborhood occupancy supports leasing stability and renewal potential
- Deep renter-occupied share indicates a broad tenant base for multifamily
- 3-mile population and household growth expand the renter pool
- 1984 vintage offers value-add and modernization upside versus newer stock
- Risks: limited walkable daily-needs retail and recent property-crime uptick