| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 19th | Poor |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5901 Leopard St, Corp Christi, TX, 78409, US |
| Region / Metro | Corp Christi |
| Year of Construction | 1995 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5901 Leopard St, Corpus Christi Multifamily Investment
Neighborhood occupancy has been resilient and renter demand is deep, according to WDSuite’s CRE market data, suggesting stable leasing fundamentals at the submarket level. These indicators apply to the surrounding neighborhood, not the property, and point to steady income potential with thoughtful asset management.
The property sits in a suburban Corpus Christi neighborhood where occupancy is strong for the metro and has trended upward. With a rank of 21 out of 121 metro neighborhoods for occupancy, the area is in the top quartile locally, supporting lease-up and renewal stability for multifamily assets.
Renter-occupied housing is prevalent (ranked 6 of 121), indicating a high renter concentration and a wide tenant base for workforce housing. Median contract rents in the neighborhood remain relatively accessible versus many coastal markets, which can aid retention, though a rent-to-income profile near the lower national percentiles suggests investors should emphasize affordability management and renewal strategies.
Amenity access is mixed: grocery options are reasonably represented (above many peers), while cafes, parks, and pharmacies are limited compared with national norms. Average school ratings are below national averages, which may modestly narrow the family renter segment; investors may lean on value, convenience to employment, and property-level amenities to compete.
The building stock skews older locally (average vintage 1982), while this asset’s 1995 construction is newer than much of the neighborhood, offering relative competitiveness versus older properties. Some systems may be approaching mid-life cycles, so targeted capital planning can preserve positioning against aging comparables.
Within a 3-mile radius, household counts have been roughly flat recently but are projected to grow, with forecasts indicating more households and a larger renter pool over the next five years. This supports depth of demand and occupancy stability for well-managed multifamily assets, based on neighborhood-level demographics aggregated within 3 miles.
Safety indicators for the neighborhood sit below national averages (around the metro middle of the pack at 62 out of 121), so risk management and security-forward operations remain relevant for underwriting. That said, recent year-over-year trends show notable improvement, with both violent and property offense rates declining, and the pace of improvement compares favorably to many U.S. neighborhoods. Investors should frame expectations around ongoing monitoring rather than block-level conclusions.
Built in 1995, the 64-unit asset benefits from being newer than much of the surrounding 1980s-era stock, offering competitive positioning while still presenting selective value-add or system refresh opportunities. Neighborhood fundamentals point to durable renter demand: occupancy ranks in the top quartile locally, renter concentration is high, and a projected increase in households within 3 miles supports a larger tenant base and steady leasing. According to CRE market data from WDSuite, these neighborhood metrics have outperformed many Corpus Christi peers, even as amenity density and school ratings trail national norms.
Strategically, investors can prioritize tenant retention and pragmatic rent growth, balancing accessibility with the area’s rent-to-income profile. Forward indicators suggest room to sustain occupancy and capture operational gains through targeted renovations, curb appeal, and amenity programming that offset modest neighborhood amenity gaps while addressing safety perceptions with credible on-site measures.
- Newer 1995 vintage vs. local 1980s stock supports competitive positioning with manageable capex planning.
- Top-quartile neighborhood occupancy and high renter concentration indicate a deep tenant base and stable leasing.
- Projected household and renter pool expansion within 3 miles supports sustained demand and renewal potential.
- Operational upside via targeted value-add, amenity programming, and professional management.
- Risks: below-average school ratings, lighter neighborhood amenities, and safety metrics below national median warrant underwriting and on-site mitigations.