| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 46th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4222 Southpark Dr, Tyler, TX, 75703, US |
| Region / Metro | Tyler |
| Year of Construction | 1983 |
| Units | 20 |
| Transaction Date | 2017-10-03 |
| Transaction Price | $126,300 |
| Buyer | FISHER FERRIS |
| Seller | FOSTER HASKELL E |
4222 Southpark Dr Tyler, TX Multifamily Investment
Positioned in an inner-suburban pocket of Tyler with a high renter-occupied housing share, this asset offers exposure to steady tenant demand, according to WDSuite’s CRE market data. Built in 1983, the vintage suggests practical value-add and systems modernization potential to strengthen long-run competitiveness.
The property sits in an Inner Suburb neighborhood rated A- among 78 Tyler neighborhoods, with amenities that lean toward everyday convenience. Restaurant density is strong (competitive nationally), and grocery access is above average for the metro, while parks and cafes are limited. For investors, this mix supports daily needs and leasing appeal but suggests lifestyle amenities outside food and grocery may be thinner locally.
Neighborhood renter concentration is high, indicating a deep base of renter-occupied units that can support multifamily absorption and renewal activity. By contrast, neighborhood occupancy has been softer relative to national peers in recent years, which frames execution focus on leasing, resident retention, and unit finishes as important levers for performance.
Within a 3-mile radius, demographics show recent population growth with further gains forecast by 2028, alongside an increase in households and rising incomes. These trends point to a larger tenant base over time and support for rent roll durability, even as household sizes trend steady.
Ownership costs in the surrounding area are elevated relative to incomes compared with many markets nationwide, which generally sustains reliance on rental housing and can aid pricing power. At the same time, rent-to-income metrics remain manageable locally, which can help retention when renewal strategies are balanced with affordability considerations.
Safety indicators for the neighborhood sit below national averages, suggesting investors should underwrite prudent security measures and resident experience initiatives. Compared with other Tyler neighborhoods (78 total), recent trends show a meaningful decline in property-related incidents year over year, while violent offense measures have been more mixed. The directional improvement in property crime is constructive, but the overall profile still warrants thoughtful operating practices and lighting, access, and monitoring strategies.
Regional employment access includes large food distribution and logistics activity, which supports workforce housing demand through commuteable job centers such as Sysco.
- Sysco — food distribution corporate offices (33.7 miles)
This 20-unit 1983 asset offers a practical value-add path in a renter-heavy inner-suburban location. Restaurant and grocery access are strengths for daily convenience, while limited parks and cafes shape expectations on amenity-driven leasing. According to CRE market data from WDSuite, neighborhood occupancy has trailed national benchmarks, making lease-up strategy, unit upgrades, and resident retention programs central to the thesis. Meanwhile, 3-mile radius demographics point to population growth and an expanding household base by 2028, supporting a broader tenant pool over time.
Elevated ownership costs relative to incomes in the area tend to reinforce rental demand, while manageable rent-to-income levels can aid renewal outcomes when pricing is calibrated to value. With targeted capital planning on 1980s-vintage systems and finishes, investors can position the property competitively against older stock while pursuing durable cash flow.
- Renter-heavy neighborhood supports depth of tenant demand and renewal potential.
- Everyday amenities (food and grocery) bolster leasing appeal despite limited parks/cafes.
- 1983 vintage enables value-add and systems modernization to enhance competitiveness.
- Growing 3-mile population and household base expands the renter pool over time.
- Risk: Neighborhood occupancy has been soft versus national peers; execution on leasing and retention is critical.