| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 46th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4800 Paluxy Dr, Tyler, TX, 75703, US |
| Region / Metro | Tyler |
| Year of Construction | 1978 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4800 Paluxy Dr, Tyler TX Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deeper tenant base and steady leasing potential, according to WDSuites CRE market data. The assets older vintage may offer value-add levers where modernization can capture demand while maintaining competitive positioning.
The property sits in an inner-suburb pocket of Tyler rated A- and competitive among Tyler neighborhoods (rank 20 of 78), based on CRE market data from WDSuite. Restaurant density is strong relative to the metro (rank 3 of 78) with solid grocery access (rank 8 of 78), while parks, pharmacies, and cafes are limited within neighborhood boundaries. This mix points to day-to-day convenience with fewer recreational amenities on immediate blocks.
Neighborhood renter-occupied share is high (56.4%; rank 2 of 78), indicating a sizable renter concentration that supports multifamily demand depth and day-to-day leasing. Median contracted rents in the neighborhood have trended upward over the past five years, reinforcing pricing resilience, while the median rent level remains near the national middle.
Within a 3-mile radius, demographics indicate population growth over the last five years with additional household gains projected, suggesting a larger tenant base ahead. Forecasts point to more households and rising asking rents over the next five years, which can support occupancy stability and rent trade-ups for well-positioned units.
The assets construction year is 1978 versus a neighborhood average vintage closer to the mid-1980s. Older stock can require capital planning for systems and interiors, but it also creates a practical runway for value-add improvements that can enhance competitiveness against newer product. Elevated value-to-income dynamics locally imply that ownership costs remain comparatively high, which can sustain reliance on rental housing and support retention.
Safety indicators for the neighborhood sit around the metro median (rank 34 of 78) and below the national middle, per WDSuites data. Property crime has improved meaningfully year over year, while violent crime levels remain weaker than national benchmarks. Investors should underwrite to current conditions while noting the recent downward trend in property offenses as a constructive signal.
Regional employment access is anchored by distribution and foodservice, which can support workforce housing demand and commuting convenience for renters. Nearby representation includes Sysco.
- Sysco — foodservice distribution (34.0 miles)
4800 Paluxy Dr is a 96-unit, 1978-vintage multifamily positioned in a renter-heavy Tyler neighborhood, offering exposure to a broad tenant base and value-add potential. According to CRE market data from WDSuite, neighborhood rents have risen over the past five years and household counts within 3 miles are expanding, supporting demand durability and the opportunity to capture incremental rent through targeted renovations.
While neighborhood occupancy rates trend lower than national norms, investor focus on unit modernization, curb appeal, and leasing execution can help the asset compete against newer stock, particularly given the areas strong restaurant and grocery access and the local ownership cost environment that reinforces reliance on rental housing. Underwriting should account for capital improvements typical of late-1970s construction and for leasing variability tied to submarket occupancy trends.
- Renter-heavy neighborhood supports a deeper tenant base and leasing stability potential.
- Value-add upside from 1978 vintage through interior and systems upgrades.
- Demand tailwinds: rising neighborhood rents and projected household growth within 3 miles.
- Location fundamentals: strong restaurant and grocery access enhance day-to-day livability.
- Risks: lower neighborhood occupancy and aging systems warrant conservative lease-up and capex plans.