| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 40th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2611 S Southeast Loop 323, Tyler, TX, 75701, US |
| Region / Metro | Tyler |
| Year of Construction | 1977 |
| Units | 112 |
| Transaction Date | 2014-06-26 |
| Transaction Price | $3,250,000 |
| Buyer | TYLER TX SE LOOP 323 BIG 22 LLC |
| Seller | TLG ASPEN APARTMENTS LLC |
2611 S Southeast Loop 323 Tyler Multifamily Investment
Positioned in an inner-suburban pocket of Tyler with a solid renter base, this 112-unit asset benefits from steady demand drivers and competitive positioning versus older stock, according to WDSuite’s CRE market data. Expect durable workforce leasing supported by nearby services and parks, while underwriting conservatively for leasing velocity.
Located in an Inner Suburb of Tyler (neighborhood rating: B+), the property sits in a submarket with a meaningful renter presence: the share of housing units that are renter-occupied is elevated relative to many neighborhoods nationwide, indicating depth in the tenant base and support for multifamily demand. Neighborhood housing occupancy has eased in recent years, so investors should plan for disciplined lease-up and renewal strategies to sustain occupancy stability.
Amenities skew practical. Park and pharmacy access are competitive among 78 Tyler neighborhoods (both ranking in the stronger tier), and restaurant density is likewise favorable, supporting day-to-day convenience and resident retention. By contrast, cafes and grocery options are limited within the immediate neighborhood footprint, so marketing should lean on proximity to broader retail corridors.
Schools trend lower on average within the neighborhood, which may position the asset more toward workforce and value-oriented renters than school-driven demand. That said, the area’s amenity mix and access to services can still underpin stable occupancy for properties meeting price-to-product expectations.
Demographic statistics aggregated within a 3-mile radius point to a gradually expanding renter pool: population grew modestly over the last five years and is projected to increase further by 2028 alongside a sizable rise in households. Rising household incomes and rents in the 3-mile area reinforce the case for disciplined rent growth and renewal management rather than aggressive premium assumptions, aligning with data-driven multifamily property research.
Vintage matters: with construction in 1977 versus an older neighborhood average, the asset is newer than much of the surrounding stock. That positioning can support competitiveness on unit quality and systems, while still offering potential value-add through targeted renovations and modernization.
Safety indicators are mixed and should be framed comparatively. Relative to the Tyler metro, the neighborhood sits below the metro median for safety (ranked 19 among 78 neighborhoods, where a lower rank indicates more reported crime), suggesting investors should factor security features and resident communication into operations. Nationally, overall crime levels index slightly better than the U.S. median, signaling mid-pack safety performance compared with neighborhoods nationwide.
Trend-wise, violent-offense rates show notable improvement, with the one-year change tracking among the stronger improvements nationally, while property offenses sit closer to the national middle. For underwriting, this combination argues for practical, visible safety measures and thoughtful site activation to support leasing and retention without assuming outsized expense reductions.
Regional employment access supports renter demand, with commuting reach to large distribution and foodservice operations such as Sysco that contribute to steady workforce housing needs.
- Sysco — foodservice distribution (32.9 miles)
This 1977-vintage, 112-unit property offers a pragmatic value-add path in an Inner Suburb of Tyler where the renter-occupied share is comparatively high, supporting depth of tenant demand. The asset is newer than much of the neighborhood stock, which can translate into a competitive baseline for unit quality while still leaving room for targeted upgrades. According to CRE market data from WDSuite, neighborhood occupancy has softened, so underwrite deliberate lease management rather than rapid premium capture.
Demographic statistics aggregated within a 3-mile radius indicate population growth and a meaningful increase in households by 2028, alongside rising incomes and rents—favorable signals for long-run revenue potential if pricing tracks local affordability. Ownership costs in the area remain moderate, which can introduce some competition from entry-level ownership, but a balanced rent-to-income profile supports renewal retention if amenities and finishes are kept aligned with value expectations.
- Newer-than-area-average 1977 vintage supports competitiveness versus older local stock
- Elevated renter-occupied share indicates depth of tenant demand for multifamily
- 3-mile trends point to population and household growth, supporting long-term leasing
- Value-add opportunity via targeted renovations and amenity updates rather than heavy lift
- Risks: below-metro safety ranking, limited immediate grocery/cafe options, and softened neighborhood occupancy warrant conservative lease-up assumptions