| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 51st | Good |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3275 Lamar Ave, Paris, TX, 75460, US |
| Region / Metro | Paris |
| Year of Construction | 1980 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3275 Lamar Ave, Paris TX Multifamily Investment
Neighborhood occupancy near 95% and a high renter-occupied share point to a durable tenant base, according to CRE market data from WDSuite. For investors, this suggests steady leasing fundamentals with potential to optimize operations.
Rated A and ranked 2nd of 26 neighborhoods in the Paris, TX metro, this Inner Suburb location is competitive among Paris neighborhoods and supports multifamily performance. The area’s renter-occupied share is high (ranked 1st of 26), signaling a deep pool of tenants and demand stability for mid-size properties like this 37-unit asset.
Daily-needs access is a strength: grocery and restaurant density rank 1st of 26 locally and sit in the top quartile nationally, while parks access is also strong (2nd of 26; top quartile nationally). However, cafes, pharmacies, and childcare options are limited within the immediate neighborhood, which may modestly affect lifestyle convenience. Taken together, the mix supports routine essentials even if specialty retail is thinner.
For investors evaluating commercial real estate analysis at the neighborhood level, the 95.2% neighborhood occupancy rate (top quartile among 26 metro neighborhoods) and a rent-to-income profile that remains manageable suggest room for consistent lease retention and pricing discipline. Median contract rents remain relatively accessible in this submarket versus national benchmarks, which can aid absorption and reduce turnover friction.
Within a 3-mile radius, population has edged up recently with households also increasing, and forecasts point to further household growth by 2028, supporting a larger tenant base over time. Median home values in the area are lower than national norms, creating a more accessible ownership market; investors should monitor potential competition from entry-level for-sale options even as rental housing remains a practical choice for many households.
The property’s 1980 construction is older than the neighborhood’s average vintage (1993). That age profile typically requires capital planning for systems and interiors but also presents value-add potential to enhance competitiveness against newer stock.
School ratings in the neighborhood are below national averages, which could temper appeal for some family renters; investors may focus positioning toward workforce households and emphasize access to daily needs and employment corridors.
Relative to neighborhoods nationwide, this area trends above the national median for safety (higher national safety percentile). Within the Paris metro, crime improvement over the past year ranks in the top quartile among 26 neighborhoods, with notable declines in both violent and property offense rates. These are encouraging directional signals, though investors should continue to underwrite with conservative assumptions and monitor local trends.
Employer proximity details with verified distances are not available for this location. Investors can underwrite demand primarily from the area’s workforce housing profile and commuter access within the Paris, TX market.
This 37-unit, 1980-vintage asset benefits from a high renter-occupied concentration (ranked 1st of 26 locally) and neighborhood occupancy around 95%, supporting stable cash flow potential and consistent lease-up. The submarket’s relatively accessible rent levels, combined with steady household growth within a 3-mile radius, point to a durable tenant base and potential to refine revenue through operational improvements and targeted renovations.
Older construction implies capex planning but also value-add upside to compete against newer inventory. According to CRE market data from WDSuite, this neighborhood ranks near the top of the Paris metro and shows improving safety trends, while lower local home values suggest some competition from ownership that investors should price and position around.
- High neighborhood occupancy and strong renter concentration support demand stability
- 1980 vintage offers value-add potential through renovations and system upgrades
- Accessible rents and growing household counts within 3 miles aid absorption and retention
- Improving safety metrics and top-tier neighborhood ranking reinforce long-term fundamentals
- Risks: below-average school ratings, limited specialty amenities, and competition from lower-cost ownership