| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 25th | Poor |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 W Kenedy Ave, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1220 W Kenedy Ave Kingsville Multifamily Opportunity
Renter concentration in the nearby neighborhood supports a dependable tenant base, while rents remain relatively accessible for workforce households, according to CRE market data from WDSuite. Monitor submarket occupancy trends, as neighborhood occupancy has lagged some Kingsville peers.
Located in Kingsville, this 28‑unit 1986 vintage asset sits in a neighborhood that is Competitive among Kingsville neighborhoods for daily needs access: grocery availability ranks 2 of 12 locally and sits around the 75th percentile nationally, and parks access is near the 73rd percentile. Restaurant density is also competitive (ranked 5 of 12), supporting day‑to‑day livability and leasing appeal.
Neighborhood occupancy trails most Kingsville neighborhoods (ranked 11 of 12), so underwriting should emphasize leasing execution and retention. That said, renter-occupied housing makes up a majority of units within a 3‑mile radius (about 54%), indicating depth in the tenant pool and support for multifamily demand. Median rent burdens in the neighborhood remain moderate (rent-to-income ratio positioned near the lower end locally), which can aid renewal stability and price sensitivity management.
Demographics aggregated within a 3‑mile radius point to a growing tenant base: total households increased over the last five years and are projected to expand further, while average household size is trending lower. This combination typically supports demand for apartment units and smaller floor plans, aiding occupancy stability over time.
With a construction year of 1986 versus a neighborhood average around 1980, the property is somewhat newer than much of the local stock, offering relative competitiveness versus older assets. Investors should still plan for systems modernization and targeted renovations to capture value and improve rent positioning in a cost‑conscious market.
Ownership costs in the neighborhood are comparatively accessible (low value‑to‑income ratios and home values well below national medians), which can introduce some competition from entry‑level ownership. However, the strong renter concentration and steady household growth suggest durable rental housing reliance, supporting lease‑up and retention when product is well‑maintained and appropriately priced based on WDSuite’s commercial real estate analysis.
Safety indicators are mixed but generally favorable in comparative terms. Violent offense rates are Top quartile nationally for safety and are Competitive among Kingsville neighborhoods (ranked 3rd of 12 for low violent incidents), with improvement over the past year. Property offenses sit closer to the middle of the pack locally (ranked 6th of 12) and have risen year‑over‑year, so prudent security measures and tenant engagement remain relevant to operations.
Overall, the neighborhood’s crime profile trends safer than many areas nationwide (around the 68th percentile for overall safety), but investors should underwrite to current conditions, emphasize lighting and visibility, and align policies with local patterns rather than block‑level assumptions.
1220 W Kenedy Ave offers a manageable, 28‑unit footprint in a renter‑oriented pocket of Kingsville. The 1986 vintage is somewhat newer than the neighborhood average, creating potential competitive advantages over older stock with targeted upgrades. According to CRE market data from WDSuite, neighborhood rent burdens are moderate and grocery/park access is competitive locally, supporting livability and retention. While neighborhood occupancy currently lags many Kingsville peers, the surrounding 3‑mile area shows household growth and a declining household size, both consistent with a larger tenant base and sustained multifamily demand.
Investors should balance accessible ownership dynamics (which can present competition) with evidence of rising household counts and a high renter-occupied share nearby. Focused value‑add on interiors and building systems can sharpen positioning, support leasing velocity, and help capture steady cash flow in a price‑sensitive market.
- Renter concentration within 3 miles supports a deeper tenant base and renewal potential.
- 1986 vintage offers relative competitiveness versus older neighborhood stock with targeted upgrades.
- Competitive access to groceries and parks aids day‑to‑day livability and leasing.
- Demographic trends (household growth, smaller household sizes within 3 miles) align with multifamily demand.
- Risk: neighborhood occupancy trails most Kingsville peers; underwriting should emphasize leasing execution and retention.