| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 14th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 E Kenedy Ave, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | 2007-06-27 |
| Transaction Price | $833,900 |
| Buyer | REYES CARLOS M |
| Seller | BELL BILLY W |
1700 E Kenedy Ave, Kingsville TX — 24-Unit Multifamily
Neighborhood occupancy is competitive within the Kingsville metro and a sizable renter base supports stable leasing, according to WDSuite s CRE market data. The property s 1974 vintage points to potential value-add through targeted renovations and systems updates.
Positioned in an inner-suburban setting of Kingsville, the neighborhood posts competitive occupancy among 12 metro neighborhoods, signaling steady renter demand rather than volatility. Dining, parks, and pharmacy access are relatively dense for the area and sit in the top quartile nationally, which can aid resident retention and leasing velocity.
Within a 3-mile radius, households have grown while average household size has trended lower, expanding the number of renting households and supporting multifamily absorption. WDSuite s CRE market data also shows a renter-occupied share near the majority today with projections indicating a larger renter pool by 2028, a constructive backdrop for sustained occupancy.
The neighborhood s average construction year is around 1970, and the subject s 1974 vintage is slightly newer than that baseline. For investors, this typically implies room for modernization and value-add upgrades to remain competitive against both older stock and newer deliveries.
Homeownership costs in this submarket are comparatively accessible versus national norms, which can create some competition with renting; however, rent-to-income levels benchmark favorably, supporting pricing power without immediate affordability pressure. School quality signals are mixed with limited rating data available; investors should underwrite tenant profiles and leasing strategies accordingly rather than rely on school-driven demand.
Comparable crime statistics for this neighborhood are not available in WDSuite s dataset, so no rank or percentile comparison to the 12 Kingsville neighborhoods can be provided here. Investors typically review recent city reports and property-level history to gauge on-the-ground conditions and trend direction before finalizing assumptions.
This 24-unit property offers scale suited to professional management with clear value-add potential. The neighborhood shows competitive occupancy among Kingsville submarkets, and within a 3-mile radius the renter pool is expected to expand as household counts rise and average household size declines factors that support leasing stability. According to CRE market data from WDSuite, rent levels are projected to advance from current baselines, aligning with the area s steady demand profile.
Built in 1974, the asset likely benefits from targeted renovations and system upgrades to widen its competitive moat versus older stock while remaining cost-effective relative to new construction. Ownership affordability in the area is relatively accessible, which can introduce some competition with renting; underwriting should emphasize unit finish differentiation, service quality, and retention programs to sustain occupancy and rent growth.
- Competitive neighborhood occupancy supports stable leasing
- Expanding 3-mile renter base as household counts rise and sizes shrink
- 1974 vintage with value-add upside via interior and systems upgrades
- Rent levels positioned for growth based on WDSuite s market data
- Risks: smaller metro exposure, accessible ownership alternatives, and aging building systems