| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 60th | Good |
| Amenities | 12th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Chalet Trl, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 1984 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2300 Chalet Trl Kerrville Multifamily Investment Outlook
Elevated ownership costs in the neighborhood support sustained renter demand even as amenities are more suburban in character, according to WDSuite’s CRE market data. Investors should view this as a stable workforce location with room for value-add execution rather than a walkable, amenity-rich setting.
The property sits in a Suburban pocket of Kerrville that WDSuite rates B+, competitive among Kerrville neighborhoods (9 out of 24). Local retail and services are more dispersed, with limited walkable cafes, parks, and pharmacies; residents typically rely on short drives for daily needs. This tends to attract renters prioritizing space and commute convenience over doorstep amenities.
Neighborhood occupancy trends sit below the metro median, suggesting leasing can be more management-sensitive than in tighter submarkets. However, renter demand depth is reinforced by a high-cost ownership environment: neighborhood home values are elevated nationally and value-to-income levels are high, conditions that generally sustain reliance on multifamily housing and can support pricing power with disciplined lease management.
Tenure patterns indicate a modest renter concentration within the immediate neighborhood, while the 3-mile radius shows a larger renter-occupied share (around the mid-40s), broadening the prospective tenant base for a 68-unit community. Rents within the 3-mile radius have risen over the last five years, and forward projections indicate additional rent growth, which, if realized, would support revenue momentum for renovated product.
Demographics aggregated within a 3-mile radius show recent softness in population and household counts but a forward outlook that points to population growth and a notable increase in households over the next five years. For investors, that setup implies potential renter pool expansion and supports occupancy stability in the medium term, provided assets are positioned competitively on quality and price.
Safety indicators are mixed but generally favorable in a national context, per WDSuite. The neighborhood scores above average nationally on violent and property offense safety percentiles, while within the Kerrville metro its rank indicates relatively more reported incidents than some local peers (8 out of 24). Recent trends show improvement in estimated violent offenses alongside an uptick in property-related incidents, underscoring the importance of standard security measures and active property management.
Built in 1984, the asset is slightly older than the neighborhood’s average vintage, creating a clear value-add path through targeted renovations and systems upgrades. According to CRE market data from WDSuite, the area’s high-cost ownership market reinforces renter reliance on multifamily, while projections within a 3-mile radius point to population growth and a larger household base—tailwinds for demand if the property is competitively positioned.
Leasing fundamentals in the neighborhood run below the metro median, so execution matters: thoughtful capex, unit modernization, and disciplined lease management can help capture renters drawn by suburban living and access to services via short drives. Limited walkable amenities suggest marketing should emphasize space, parking, and convenience over lifestyle retail.
- Value-add potential from 1984 vintage via interior updates and selective system upgrades
- High-cost ownership market supports durable renter demand and pricing power
- 3-mile outlook indicates population and household growth, expanding the renter pool
- Execution risk: neighborhood occupancy below metro median requires hands-on leasing
- Amenity-light, car-oriented setting—position on value, space, and convenience