| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 67th | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 611 E Ailsie Ave, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | 2008-02-04 |
| Transaction Price | $1,500,000 |
| Buyer | AK APARTMENTS LLC |
| Seller | YAKLIN DENNIS L |
611 E Ailsie Ave Kingsville Multifamily Investment
Neighborhood renter-occupied share above 50% and occupancy around 90% indicate a durable tenant base near the property, according to WDSuite's CRE market data.
Located in an Inner Suburb pocket of Kingsville, the property benefits from a neighborhood rated A+ and ranked 1 of 12 in the metro, signaling strong overall fundamentals relative to local peers. Neighborhood occupancy is approximately 90% (neighborhood-level), which supports day-to-day leasing stability for nearby assets.
Livability inputs are balanced: grocery access is competitive among Kingsville neighborhoods (rank 4 of 12; 67th percentile nationally), and park access trends in the top quartile nationally (74th percentile). Cafés and pharmacies are sparse locally, which may limit some walk-to retail convenience; investors should weigh this against the submarket's practical amenities and drive-times.
Tenure dynamics favor multifamily demand. The neighborhood's renter-occupied share sits near 53% (neighborhood-level), indicating a deep resident base reliant on rental housing. With a rent-to-income ratio near 10% and around the 80th percentile nationally, current affordability conditions tend to support retention and reduce turnover risk, while still leaving room for measured rent optimization.
Within a 3-mile radius, households have grown even as average household size has edged lower, and forecasts point to a larger household count and a higher renter share by 2028. This pattern typically expands the local renter pool and supports occupancy stability. Median home values in the neighborhood measure in the lower national percentiles (39th percentile), which can introduce some competition with ownership; however, this also positions rentals as a more accessible option and can sustain steady demand for well-managed units.
Vintage matters for positioning. Built in 1973, the asset is older than the neighborhood's average construction year (1981), implying potential capital planning needs. For investors, that can translate into value-add scope—targeted renovations and systems upgrades to strengthen competitive standing against newer stock while capturing demand from a stable renter base.
Neighborhood safety trends are a relative strength in metro and national context. The area ranks 1 of 12 in the Kingsville metro on crime, and national percentiles sit in the top ranges for safety (top quartile nationally for both violent and property offense indicators). Recent year-over-year estimates also show material declines in both violent and property offense rates. These indicators, according to WDSuite's market data, suggest conditions that can support resident retention and leasing stability. As always, investors should verify trends at the submarket level and over multiple periods.
611 E Ailsie Ave offers exposure to a Kingsville neighborhood that leads its metro on overall fundamentals while maintaining neighborhood-level occupancy around 90% and a renter-occupied share near 53%. According to CRE market data from WDSuite, rent-to-income levels are favorable for retention, and safety indicators trend in the top national percentiles—both supportive of stable operations.
Constructed in 1973, the property is older than nearby averages, which points to value-add potential through selective renovations and system updates. Lower national positioning for home values can create some competition from ownership, yet it also sustains steady reliance on rental options; coupled with growing household counts within a 3-mile radius and a forecast for a higher renter share, the local renter pool should remain supportive for well-run assets.
- Neighborhood-level occupancy around 90% underpins day-to-day leasing stability.
- Renter-occupied share near 53% indicates depth of tenant demand in the immediate area.
- Favorable rent-to-income conditions support retention and measured rent execution.
- 1973 vintage presents value-add upside via targeted renovations and system upgrades.
- Risk: lower home values introduce ownership competition; leasing strategy and finish level should reflect this.