| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 67th | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2801 S Brahma Blvd, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1982 |
| Units | 120 |
| Transaction Date | 2022-02-25 |
| Transaction Price | $9,797,933 |
| Buyer | ROCKSTAR APPLE CREEK KINGSVILLE |
| Seller | JESTER TRAILS APARTMENTS LTD |
2801 S Brahma Blvd, Kingsville TX Multifamily Investment
Neighborhood renter concentration and mid-90s occupancy stability at the area level point to a dependable tenant base, according to WDSuite’s CRE market data. Positioned for steady cash flow in a high-renter pocket of Kingsville, the asset benefits from relatively accessible rents that support retention.
This Inner Suburb pocket of Kingsville is the metro’s top-rated neighborhood (best-ranked among 12 neighborhoods), signaling competitive positioning for multifamily. Neighborhood occupancy is around 90%, indicating generally stable leasing conditions without signs of overheating. Renter-occupied housing accounts for a majority share locally, reinforcing depth in the tenant base and supporting demand durability for multifamily units.
Amenity access is mixed. Parks and outdoor space score well (around the mid-70s nationally), and both grocery and restaurant density track above national midpoints. However, cafes, childcare, and pharmacies are thin in the immediate area, which could modestly limit onsite retail synergies but is unlikely to be a primary driver of leasing performance.
Rents in the neighborhood benchmark below national medians, while the rent-to-income ratio sits at a relatively favorable level (high national percentile for affordability). For investors, this setup tends to support lease retention and reduces near-term affordability pressure, though it can temper outsized pricing power compared with high-cost coastal markets.
Within a 3-mile radius, recent data show a small population decline alongside a notable increase in households, indicating smaller average household sizes. Looking ahead, households are projected to increase further by 2028, expanding the local renter pool and supporting occupancy stability and leasing velocity. These demographic patterns, based on CRE market data from WDSuite, are consistent with steady workforce housing demand rather than speculative growth.
Safety trends are a relative strength for this neighborhood. It ranks at the top of the Kingsville metro (best-ranked among 12 neighborhoods) and compares favorably to neighborhoods nationwide, with high national percentiles for lower estimated violent and property offenses. Recent year-over-year declines in both violent and property offense estimates further support the view that local safety conditions have improved.
As always, safety varies by micro-location and over time; investors should pair these neighborhood-level indicators with property-specific diligence and professional security assessments.
The property’s submarket stands out for high renter concentration and neighborhood occupancy around the 90% mark, supporting consistent demand for a 120-unit multifamily asset. Rents sit below national medians and the rent-to-income ratio is favorable, which generally supports retention and stable collections. Within a 3-mile radius, households have increased even as population edged down, and are projected to grow further by 2028—an indicator of a broadening tenant base that should aid lease-up and renewal performance. These dynamics, according to CRE market data from WDSuite, point to durable cash flow drivers rather than one-time catalysts.
Amenity depth is adequate for daily needs—with stronger park, grocery, and restaurant access—but limited for niche services like cafes and pharmacies. Home values are relatively accessible in context, suggesting some competition from ownership, yet the neighborhood’s majority renter-occupied profile indicates sustained reliance on rental housing. Overall, this is a fundamentally steady, workforce-oriented location with balanced upside and manageable risk.
- High renter-occupied share supports a deep tenant base and consistent leasing
- Neighborhood occupancy near 90% underpins income stability
- Favorable rent-to-income profile aids retention and collections
- Household growth within 3 miles expands the renter pool over the medium term
- Risks: thinner cafe/pharmacy presence and some competition from ownership may temper premium pricing