| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 70th | Best |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Muller Garden Rd, Tyler, TX, 75703, US |
| Region / Metro | Tyler |
| Year of Construction | 1979 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Muller Garden Rd Tyler Multifamily Investment Thesis
Top-tier Tyler neighborhood positioning with a sizable renter base and steady demand drivers, according to WDSuite’s CRE market data. Vintage construction suggests value-add potential alongside durable leasing supported by a high-cost ownership landscape.
Situated in an Inner Suburb of Tyler, the neighborhood ranks 3rd out of 78 metro neighborhoods (top quartile among Tyler submarkets), signaling strong location fundamentals for multifamily. Dining, cafe, grocery, and pharmacy access are competitive among Tyler neighborhoods, supporting daily convenience for residents; however, limited park and childcare options may modestly temper family-oriented appeal.
Neighborhood occupancy is competitive among Tyler neighborhoods, and the share of housing units that are renter-occupied is top quartile within the metro. For investors, that renter concentration points to a deeper tenant base and supports leasing stability, while still requiring disciplined lease management as conditions evolve.
Within a 3-mile radius, recent population and household growth indicate a larger tenant base, with forecasts pointing to continued increases in households and incomes. This renter pool expansion is consistent with sustained demand for rental units and can support occupancy stability and pricing over the medium term.
Home values in the neighborhood are elevated relative to local incomes, placing the area in a high-cost ownership market. For multifamily, this context can sustain rental demand and encourage retention, especially where rent-to-income ratios remain manageable at the neighborhood level. The property’s 1979 construction is older than the neighborhood’s average vintage, which introduces capital planning needs but also creates value-add and renovation angles to strengthen competitive positioning versus newer stock.
Neighborhood safety trends sit around the middle of the pack within Tyler (ranked near the metro median out of 78 neighborhoods), and the area scores below the national median for safety. Notably, estimated property offenses have declined year over year, indicating some improvement in trend even as vigilance in operations and security remains prudent for investors.
Regional distribution and logistics employment within commuting range supports renter demand and retention for workforce-oriented units, with proximity that can help stabilize leasing in down cycles.
- Sysco — food distribution (36.3 miles)
This 120-unit asset benefits from a top-ranked Tyler neighborhood, competitive local occupancy, and a strong renter concentration that underpins a durable tenant base. Elevated for-sale home values relative to incomes reinforce reliance on multifamily housing, while manageable rent-to-income dynamics support lease retention. Based on multifamily property research from WDSuite, demand indicators within a 3-mile radius point to ongoing renter pool expansion and income growth that can sustain absorption and rent performance.
Built in 1979, the asset is older than nearby product on average, creating clear value-add and capital planning opportunities to close the competitiveness gap with newer stock. Investors should balance this upside with prudent reserves and attention to mid-pack safety positioning and limited parks/childcare amenities, which may influence family-oriented renter appeal.
- Top-tier Tyler neighborhood with competitive occupancy and deep renter base
- High-cost ownership market supports sustained multifamily demand and retention
- 3-mile growth in households and incomes supports absorption and pricing
- 1979 vintage offers value-add potential alongside required capital planning
- Risks: mid-pack safety metrics and limited parks/childcare may affect leasing mix