| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 67th | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 833 E Ailsie Ave, Kingsville, TX, 78363, US |
| Region / Metro | Kingsville |
| Year of Construction | 1974 |
| Units | 58 |
| Transaction Date | 2014-02-07 |
| Transaction Price | $1,760,400 |
| Buyer | COASTAL BARCELONA LLC |
| Seller | KINGSVILLE BARCELONA CORP |
833 E Ailsie Ave, Kingsville TX Multifamily Investment
Stabilized renter demand in an inner-suburban pocket with rising household formation supports steady leasing, according to WDSuite’s CRE market data.
Located in Kingsville’s inner suburb cluster, the property benefits from neighborhood fundamentals that are competitive among 12 metro neighborhoods, with an A+ neighborhood rating and a renter-occupied share that signals depth in the tenant base. Neighborhood occupancy trends are steady, supporting baseline leasing stability for well-managed assets.
Local livability is practical for workforce renters: restaurants and groceries index above many U.S. neighborhoods (national percentiles in the mid‑60s), and park access trends stronger than average (around the 74th percentile nationally). Cafes, childcare, and pharmacies are thinner locally, so day-to-day convenience leans on core retail corridors rather than a dense amenity cluster—an operating note for marketing and retention.
The housing stock skews moderately older than the metro average (typical construction year near 1981), and this asset’s 1974 vintage suggests investors should plan for targeted system upgrades and interior modernization to remain competitive against newer inventory while unlocking value-add potential.
Within a 3‑mile radius, demographics point to a supportive renter story: households have increased in recent years and are projected to expand further, indicating a larger tenant base ahead and potential support for occupancy stability. Forecasts also show a shift toward a higher renter share, which can reinforce leasing velocity for professionally managed communities.
Home values are moderate in the local context and rent-to-income levels are relatively manageable, which can sustain leasing and reduce turnover sensitivity; however, more accessible ownership options may modestly compete for some households. Balanced pricing and resident experience remain important to preserve retention and pricing power.
Safety trends present a mixed but constructive picture. Compared with the 12 neighborhoods in the Kingsville metro, this area ranks closer to the higher-crime end; however, nationally it sits in the top decile for safety (around the mid‑90s to high‑90s percentiles), indicating comparatively favorable conditions versus many U.S. neighborhoods.
Recent year‑over‑year shifts are positive: both property and violent offense estimates have declined sharply. For investors, this combination—improving trend lines and strong national standing—supports leasing confidence, while the metro‑relative rank suggests continued attention to security, lighting, and community oversight as part of asset management.
This 58‑unit, 1974 vintage asset offers a straightforward value‑add path in a renter‑oriented neighborhood where occupancy is steady and the renter-occupied share is high. Household growth within a 3‑mile radius and projections for additional households over the next five years point to a larger tenant base and support for leasing stability. According to CRE market data from WDSuite, local rent levels sit at approachable rent‑to‑income ratios, suggesting room for disciplined revenue optimization with attention to affordability and retention.
Vintage considerations are central: electrical, plumbing, roofs, and interiors may merit phased upgrades to strengthen competitive positioning against newer stock. Amenity access is adequate (groceries, restaurants, parks) but not dense, so execution should emphasize operational reliability, resident services, and targeted unit renovations to drive renewals and rent trade‑outs without over‑amenitizing.
- Renter depth and steady neighborhood occupancy support baseline leasing stability.
- Household growth within 3 miles expands the tenant base and underpins demand.
- 1974 vintage provides value‑add levers via systems and interior modernization.
- Approachable rent‑to‑income dynamics allow disciplined revenue management.
- Risk: amenity density is modest; success relies on operational execution and retention.