| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 60th | Good |
| Amenities | 12th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 705 Tennis St, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 2010 |
| Units | 56 |
| Transaction Date | 2009-01-23 |
| Transaction Price | $1,187,500 |
| Buyer | CALTON INVESTMENTS INC |
| Seller | MOODY MILTON B |
705 Tennis St, Kerrville, TX Multifamily Investment
Positioned in a suburban B+ neighborhood, this 2010-vintage, 56-unit asset benefits from steady renter demand and a high-cost ownership landscape, according to WDSuite’s CRE market data. Projections within a 3-mile radius point to a larger tenant base over the next five years, supporting occupancy stability and disciplined rent management.
Neighborhood fundamentals are competitive among Kerrville neighborhoods (ranked 9 of 24, B+), with suburban characteristics that appeal to renters seeking convenience without urban density. The area’s rent-to-income positioning sits near the national middle, while neighborhood rents are positioned around the mid-range nationally, per WDSuite’s CRE market data.
Ownership costs are elevated locally (home values near the 80th percentile nationally), and the neighborhood’s value-to-income ratio ranks in the top decile nationwide. For investors, this high-cost ownership market helps sustain reliance on renting, which can support tenant retention and pricing power when lease management is disciplined.
Within a 3-mile radius, recent population growth has been modest over the last five years, but projections indicate meaningful population and household expansion by 2028. A growing renter pool and smaller average household sizes can translate into deeper demand for a range of unit types, supporting occupancy and lease-up consistency. The renter-occupied share within this 3-mile area stands at approximately 42%, indicating a sizable base of renter households that underpins multifamily demand.
Amenity access is above the metro median (ranked 11 of 24) but trails many national peers, so demand is more closely tied to local services and commute patterns than to dense retail clusters. The average construction year in the neighborhood is 1987, and a 2010-vintage property is relatively newer stock, which can be competitively positioned against older assets while still warranting selective system updates as the building approaches mid-life.
Safety indicators are competitive among Kerrville neighborhoods (crime rank 8 of 24) and trend better than national averages overall, based on WDSuite’s CRE market data. Violent offense rates benchmark in the upper tiers nationally (around the 69th percentile for safer outcomes), while property offense metrics land closer to the 72nd percentile, indicating favorable comparative standing versus many U.S. neighborhoods.
Year over year, violent offense estimates have improved (declined), whereas property offense estimates show a recent uptick. For investors, this mixed pattern suggests generally supportive safety fundamentals with an eye toward routine asset-level measures—lighting, access control, and community engagement—to maintain resident confidence and retention.
Built in 2010, the property offers relatively newer construction versus the neighborhood’s older average, helping it compete for tenants while leaving room for targeted upgrades as systems age. Local ownership costs are elevated compared with incomes, reinforcing renter reliance on multifamily housing and supporting lease retention when pricing is managed carefully. According to CRE market data from WDSuite, the neighborhood is competitive within the metro and sits in favorable national brackets for safety, with rents positioned around the mid-range nationally—conditions that can support stable occupancy for well-operated assets.
Demographic data aggregated within a 3-mile radius points to projected population and household growth through 2028, suggesting a larger tenant base and continued demand for rental units. While amenity density is moderate relative to national peers, the combination of suburban living, a substantial renter-occupied share, and a high-cost ownership market provides a durable foundation for long-term multifamily performance.
- 2010 vintage positions the asset competitively against older neighborhood stock with selective value-add potential
- Elevated home values relative to incomes support sustained renter reliance and lease retention
- Projected growth within a 3-mile radius expands the tenant base and supports occupancy stability
- Neighborhood safety trends compare favorably nationally, supporting resident confidence
- Risk: amenity density and recent property offense uptick warrant prudent asset-level security and retention strategies