| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 46th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2400 Shiloh Rd, Tyler, TX, 75703, US |
| Region / Metro | Tyler |
| Year of Construction | 1977 |
| Units | 80 |
| Transaction Date | 2014-12-05 |
| Transaction Price | $2,381,400 |
| Buyer | LARSON DUWAYNE |
| Seller | DOUBLE D RENTALS |
2400 Shiloh Rd, Tyler TX Multifamily Investment
Renter concentration in the surrounding neighborhood and a strong cluster of nearby dining options point to a stable tenant base, according to WDSuite’s CRE market data. This positioning can support leasing for smaller floorplans while leaving room for value-add strategy.
Located in an inner-suburb pocket of Tyler, the neighborhood ranks 20th of 78 metro neighborhoods (A- rating), placing it competitive among local peers. Restaurants are a clear strength, with the area ranking near the top of the metro for restaurant density, while grocery access is solid for daily needs. Cafe, park, and pharmacy counts are thinner, suggesting residents rely on broader trade areas for some conveniences.
For investors, tenure patterns matter: neighborhood data indicate a high share of renter-occupied housing units, which supports depth of the tenant base and helps leasing velocity. Neighborhood occupancy sits below many U.S. areas and has softened over the past five years; prudent underwriting should account for active leasing and resident retention management rather than assuming rapid lease-ups.
Ownership costs in the area are elevated relative to incomes (higher value-to-income ratios compared with national norms), which tends to sustain reliance on multifamily rentals and can support pricing power without overextending affordability. Median contract rents in the neighborhood remain accessible and have risen over five years, aligning with steady renter demand.
Demographics aggregated within a 3-mile radius show population growth in recent years with additional household increases projected, pointing to a larger tenant base over time. Household incomes have also trended upward and are projected to continue rising, which can support rent levels for well-positioned assets.
Neighborhood safety indicators sit around the middle of the pack within the Tyler metro (34th of 78 neighborhoods), translating to neither the strongest nor weakest safety profile locally. Compared with neighborhoods nationwide, the area trends below the national median on safety measures, so investors should plan for attentive property and access management.
Recent momentum is constructive: estimated property offense rates have declined year over year with one of the stronger improvements among local peers, while violent offense indicators have been relatively stable. Taken together, the trend points to gradual improvement rather than a structural shift; monitoring remains appropriate for underwriting and operations.
Regional employers contribute to a diversified East Texas workforce that supports renter demand; the following nearby corporate presence offers commuting access for residents.
- Sysco — foodservice distribution (33.6 miles)
This 80-unit asset was built in 1977, making it older than the neighborhood’s average vintage; capital planning and targeted renovations could unlock competitive positioning, especially given the property’s smaller average unit sizes that can serve value-minded renters. At the neighborhood level, a high share of renter-occupied housing units supports a deep tenant base, while strong restaurant density and solid grocery access enhance everyday livability for residents.
Demographics within a 3-mile radius indicate recent population growth with further household expansion projected, reinforcing a larger renter pool over time. Neighborhood occupancy trends have been softer than national norms, so investors should underwrite active leasing and retention strategies; however, elevated ownership costs relative to incomes often sustain reliance on multifamily rentals. According to CRE market data from WDSuite, local rents have risen over time while remaining generally accessible, supporting steady demand for well-managed workforce housing.
- Renter-heavy neighborhood supports demand depth and leasing stability.
- 1977 vintage offers value-add and CapEx-driven repositioning potential.
- Strong restaurant and solid grocery access enhance resident convenience and retention.
- 3-mile demographic growth and rising incomes point to a larger tenant base over time.
- Risk: neighborhood occupancy trends require disciplined leasing and renewal management.