| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 46th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5000 Edinburgh Dr, Tyler, TX, 75703, US |
| Region / Metro | Tyler |
| Year of Construction | 1977 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5000 Edinburgh Dr, Tyler TX — 72-Unit Multifamily
Neighborhood fundamentals point to steady renter demand supported by a high renter-occupied share and strong restaurant and grocery access, according to WDSuite’s CRE market data. Investors should underwrite conservatively to neighborhood occupancy conditions while leveraging positioning advantages of an inner-suburb location.
This inner-suburb location in Tyler balances everyday convenience with attainable rents relative to regional alternatives. Restaurant density ranks among the strongest locally (top tier in the metro and high nationally), and grocery access is also competitive among 78 metro neighborhoods — factors that support resident retention and day-to-day livability. Café, park, and pharmacy counts are thinner, so on-site amenities and partnerships with nearby services can help bolster appeal.
Renter-occupied housing is a clear feature of this neighborhood, with renter concentration among the highest across the metro (ranked near the top and well above national norms). For multifamily investors, that indicates a deeper tenant base and potential resilience in leasing velocity. However, neighborhood occupancy sits below national medians and trails stronger Tyler subareas, so asset-specific operations and effective marketing will be important to sustain stability.
The property’s 1977 vintage is older than the neighborhood’s average construction year (mid-1980s). That age profile suggests capital planning for building systems and interiors could unlock value through targeted renovations, positioning the asset more competitively versus newer stock while managing near-term CapEx.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base over the next five years. Rising household incomes in the same radius — alongside increasing asking rents — reinforce pricing power for well-managed assets, while the neighborhood’s value-to-income positioning indicates that ownership costs can be comparatively high, which tends to sustain reliance on rental housing rather than shift demand to for-sale options.
Safety signals are mixed. Relative to neighborhoods nationwide, this area trends below the national median for safety based on WDSuite’s indicators, and within the Tyler metro it sits in the lower half of neighborhoods by crime rank. That said, recent year-over-year trends show a meaningful decline in estimated property offenses, an encouraging directional shift to monitor.
Investors should review recent, property-level incident data and engage local management for the most current conditions, using neighborhood-level indicators as contextual benchmarks rather than block-level predictors.
- Sysco — foodservice distribution (33.4 miles)
5000 Edinburgh Dr offers scale at 72 units in a renter-oriented neighborhood with strong day-to-day amenity access. Based on CRE market data from WDSuite, neighborhood occupancy trails stronger subareas, but renter concentration is high and the broader 3-mile area shows population and household growth, supporting a larger tenant base over time. Elevated ownership costs relative to incomes at the neighborhood level further reinforce reliance on multifamily, aiding lease retention for well-managed assets.
Built in 1977, the asset is older than the area’s mid-1980s average, creating an avenue for value-add through system upgrades and interior refreshes. Underwriting should account for CapEx and conservative lease-up/renewal assumptions, but operational execution can capture demand supported by inner-suburb location fundamentals and improving property-crime trends.
- Renter-heavy neighborhood supports depth of tenant demand and leasing velocity.
- Inner-suburb location with strong restaurant and grocery access aids retention.
- 1977 vintage offers value-add potential via targeted renovations and system upgrades.
- 3-mile radius shows population and household growth, expanding the renter pool.
- Risk: Neighborhood occupancy trails stronger areas; pro forma should be conservative and include CapEx for an older asset.