| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 35th | Fair |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2002 Bellwood Rd, Tyler, TX, 75701, US |
| Region / Metro | Tyler |
| Year of Construction | 2001 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2002 Bellwood Rd, Tyler TX Multifamily Investment
Positioned in an inner-suburban pocket of Tyler with a sizable renter base and improving household fundamentals, this 80-unit asset offers stable workforce demand potential, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated B- among 78 Tyler neighborhoods, with everyday amenities close by. Cafe density ranks in the top quartile among 78 metro neighborhoods and grocery access is similarly competitive, while parks and pharmacies are limited within the immediate area. Average school ratings trail many local peers, which can influence family-oriented demand and tenant mix considerations for operators.
Vintage matters for competitiveness: built in 2001, the asset is newer than the neighborhood’s average 1995 construction year, suggesting relative appeal versus older stock, though investors should still plan for ongoing system updates and selective modernization as the property approaches mid-life.
Neighborhood occupancy is below the metro median and in a lower national percentile, indicating that leasing strategies and unit positioning will be important. At the same time, renter-occupied housing represents a high share of units locally and sits in the top quartile nationally, signaling depth in the tenant base that can support absorption when pricing and product fit the market.
Demographics within a 3-mile radius show a modest dip in recent population but growth in households, with forecasts pointing to notable gains in both households and incomes over the next five years. This trajectory implies a larger tenant base and improving ability to pay, supporting occupancy stability and measured rent growth as new households form and move through the market.
Home values in the neighborhood are relatively accessible compared with high-cost markets, which can create some competition with ownership. For multifamily operators, this typically emphasizes amenity and management differentiation and suggests a balanced approach to rent increases to sustain retention and reduce turnover costs.
Neighborhood safety indicators are mixed relative to Tyler and to national comparisons. Based on ranks among 78 metro neighborhoods and national percentiles, the area sits below average for safety today; however, recent trends show improvement with estimated year-over-year declines in both property and violent offenses. For investors, this combination suggests monitoring conditions and leaning on visible on-site management, lighting, and access controls to support resident retention and leasing.
- Sysco — foodservice distribution (35.9 miles)
Regional employers contribute to a broad East Texas workforce, supporting commuter demand into Tyler; key nearby corporate presence includes distribution and foodservice.
This 2001-vintage, 80-unit community benefits from a sizable renter pool and proximity to daily needs, while outperforming much of the local stock on relative age. Although neighborhood occupancy ranks below the metro median, a high share of renter-occupied units and household growth within a 3-mile radius point to a durable tenant base that can underpin steady absorption with the right pricing and amenity positioning.
Income trends and forecasts indicate increasing spending power and a larger household count ahead, which supports rent growth potential; at the same time, elevated rent-to-income ratios within the neighborhood argue for measured increases and strong resident services to maintain retention. According to CRE market data from WDSuite, local amenity access is competitive on essentials like groceries and cafes, while limited parks and lower school ratings suggest targeting workforce and convenience-driven renters rather than family-preferred positioning.
- 2001 vintage offers competitive positioning versus older nearby assets, with selective modernization potential
- High renter-occupied share and projected household growth expand the tenant base and support absorption
- Competitive access to daily amenities (groceries, cafes) supports leasing and retention
- Risk: Neighborhood occupancy below metro median and accessible ownership options require disciplined pricing and leasing strategy
- Risk: Lower school ratings and limited parks may narrow family-driven demand; focus on workforce renter appeal