| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 67th | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 S Brahma Blvd, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1984 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2901 S Brahma Blvd, Kingsville TX Multifamily Investment
Neighborhood fundamentals point to steady renter demand and balanced leasing conditions, according to WDSuite’s CRE market data. Focus is on a stable tenant base supported by a majority of renter-occupied housing and predictable occupancy at the neighborhood level.
This Inner Suburb neighborhood carries an A+ neighborhood rating and ranks 1st out of 12 metro neighborhoods, indicating top-tier local fundamentals among Kingsville subareas. Neighborhood occupancy is around 90%, suggesting relatively steady leasing conditions, while restaurants and grocery options are present at competitive levels for the metro; parks access also registers above average, though cafes, childcare, and pharmacies are limited.
Renter-occupied housing represents roughly half of units in the neighborhood (about 53%), which supports a deeper tenant pool and helps sustain leasing velocity for multifamily. Median contract rents in the neighborhood sit in a lower national percentile, which can aid retention and reduce turnover risk while still allowing selective rent optimization as units are improved.
Within a 3-mile radius, households increased even as overall population edged down, implying smaller household sizes and a wider renter pool. Looking ahead, projections within 3 miles point to more households and higher asking rents over the next five years, which would support occupancy stability and measured pricing power for well-maintained assets.
The property’s 1984 vintage is slightly newer than the area’s early-1980s average. For investors, that often means competitive positioning versus older stock, with targeted renovations and systems updates offering practical value-add potential.
Home values in the neighborhood sit below national medians, which can introduce some competition from ownership. Even so, a relatively modest rent-to-income ratio at the neighborhood level suggests manageable affordability pressure for renters, supporting retention and steady lease rolls.
Safety indicators are comparatively strong for the metro: the neighborhood ranks 1st out of 12 in Kingsville for lower crime, and indices sit in the top decile nationally. Recent data also show notable year-over-year declines in both property and violent offenses, reinforcing a favorable safety trajectory without relying on block-level claims.
Positioned in Kingsville’s top-ranked neighborhood, this 120-unit, 1984-vintage asset benefits from a majority-renter context, stable neighborhood occupancy, and a growing household base within 3 miles. Based on CRE market data from WDSuite, rent levels remain comparatively accessible, which supports tenant retention while allowing selective rent lifts tied to renovations. The vintage also creates logical value-add pathways through unit modernization and building systems planning.
Forward-looking indicators within a 3-mile radius point to more households and rising asking rents over the next several years, which should deepen the tenant base and support occupancy stability. Key watch items include limited neighborhood amenity density in select categories and potential competition from relatively attainable homeownership, both manageable with pragmatic leasing and capital strategies.
- Top-ranked neighborhood in the metro with steady occupancy supporting stable cash flows.
- Majority-renter context and 3-mile household growth expand the tenant base and support leasing.
- 1984 vintage offers tangible value-add via renovations and system updates versus older stock.
- Accessible rent positioning aids retention while enabling measured rent optimization as upgrades are completed.
- Risks: thinner amenity mix in certain categories and competition from ownership options may temper pricing power.