| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 26th | Fair |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4302 Western Dr, Corpus Christi, TX, 78410, US |
| Region / Metro | Corpus Christi |
| Year of Construction | 1984 |
| Units | 107 |
| Transaction Date | 2015-09-14 |
| Transaction Price | $6,100,000 |
| Buyer | Scott White |
| Seller | Comcapp Churchill Square, LLC |
4302 Western Dr Corpus Christi Multifamily Asset
Neighborhood occupancy is solid with a renter-occupied share that supports leasing depth, according to WDSuite’s CRE market data, pointing to steady demand for a 107-unit property at this address.
This Inner Suburb location in Corpus Christi offers everyday convenience with strong grocery access but thinner options for parks, pharmacies, and cafes. Median rents track near the metro middle, and the neighborhood’s occupancy rate sits in the top quartile among 121 Corpus Christi neighborhoods, signaling relatively stable tenancy and fewer extended lease-up gaps.
The property’s 1984 vintage is older than the neighborhood’s average construction year, which can present value-add potential through targeted renovations and system upgrades. For investors, that typically means planning for capital improvements to modernize finishes and enhance competitiveness versus newer stock.
Unit tenure data indicates a meaningful share of housing units are renter-occupied (neighborhood metric), which supports a deeper tenant base and can underpin leasing velocity. Within a 3-mile radius, population has grown in recent years and is projected to continue expanding, with forecasts also pointing to more households and a higher renter share. These trends translate to a larger pool of prospective renters and can support occupancy stability over time.
Home values in the area are lower than many coastal Texas markets, which can introduce some competition from ownership options. However, rent levels relative to incomes suggest manageable affordability pressure, helping support retention and reducing turnover risk when paired with disciplined lease management.
Neighborhood safety trends are mixed. Compared with the Corpus Christi metro, overall crime ranks below average (ranked against 121 neighborhoods), so risk management remains important for operations and underwriting. At the same time, property crime has improved year over year, placing the area in the top quartile nationally for improvement, while violent-offense metrics remain weaker than national norms. Investors typically address this with security-minded site practices and resident engagement.
This 107-unit, 1984-vintage asset aligns with a steady-demand pocket of Corpus Christi where neighborhood occupancy is competitive and the renter base is sizable. Everyday retail access is solid, and rent levels relative to incomes indicate manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, the neighborhood’s occupancy ranks in the top quartile locally, supporting an investment case focused on durable cash flow and selective value-add.
Near-term upside centers on renovations and operational improvements to enhance competitiveness versus newer stock, while risks include mixed safety metrics and limited park/pharmacy amenities. Prudent capital planning and focused resident services can help sustain leasing stability as nearby demographics within a 3-mile radius point to continued renter pool expansion.
- Competitive neighborhood occupancy supports cash flow durability
- 1984 vintage offers clear value-add and modernization angles
- Renter-occupied share and projected 3-mile household growth bolster demand
- Rent levels relative to income point to manageable affordability pressure
- Risks: mixed safety metrics and thinner park/pharmacy amenities