| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 46th | Fair |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 W Rathgeber Rd, Wichita Falls, TX, 76310, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1701 W Rathgeber Rd Wichita Falls Multifamily Investment
Recent-vintage asset in an inner-suburban Wichita Falls neighborhood where renter-occupied housing is prevalent and occupancy has held near the low-90s, according to WDSuite’s CRE market data. Positioning emphasizes durable renter demand with operational focus on steady lease-up and retention rather than outsized rent growth.
The property sits in an Inner Suburb pocket of Wichita Falls rated B+ at the neighborhood level, offering everyday conveniences and access to core employment corridors. Restaurants are comparatively accessible (ranked 13 out of 58 metro neighborhoods), which is competitive among Wichita Falls neighborhoods, while grocery and pharmacy access trends above the metro median (ranks 22 and 9 of 58, respectively). Cafés and parks are thinner locally (both ranked 58 of 58), which may concentrate demand on in-unit and on-site amenities.
Vintage matters for competitiveness: built in 2012 versus a neighborhood average year built of 1982, the asset should compare favorably to older stock on finishes and systems. Investors should still plan for routine mid-life capital needs over the hold to sustain positioning.
Renter depth is a key strength. The neighborhood shows a high share of renter-occupied units (59.4%), supporting a sizable tenant base and demand stability for multifamily. Neighborhood occupancy is 90.8%, suggesting generally steady leasing conditions with attention to marketing and renewals to minimize frictional vacancy. Median contract rents in the neighborhood sit at approachable levels and a rent-to-income ratio of 0.21 indicates manageable affordability pressure, aiding retention and collections.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, population edged down modestly while household counts inched up, pointing to smaller household sizes and a stable-to-expanding renter pool. Forward-looking projections to 2028 indicate population growth and a meaningful increase in households alongside rising median incomes, which can expand the tenant base and support occupancy stability. According to WDSuite’s commercial real estate analysis, rent projections are relatively flat in the near term, underscoring the value of asset-level operational execution over pure pricing gains.
Neighborhood safety trends are mixed but improving. Within the Wichita Falls metro, the area’s crime ranking is 26 out of 58 neighborhoods, placing it above the metro median. Nationally, the neighborhood sits below the median for safety (lower national percentiles), but both property and violent offense rates have declined year over year, indicating recent improvement momentum.
Investors should underwrite typical inner-suburban risk controls—lighting, access management, and resident screening—while noting that declining estimated offense rates can support resident retention and leasing stability if the trend continues.
Proximity to established employers supports workforce housing dynamics and commute convenience for renters. Nearby industrial and manufacturing presence includes Owens Corning.
- Owens Corning — building materials manufacturing (6.7 miles)
1701 W Rathgeber Rd offers a 2012-vintage, 24-unit footprint in a renter-heavy Wichita Falls neighborhood where occupancy is around 90.8% and contract rents remain approachable for local incomes. The asset’s newer construction relative to nearby 1980s stock strengthens competitive positioning while leaving room for targeted modernization to sustain rentability and reduce near-term capex surprises. Based on CRE market data from WDSuite, neighborhood fundamentals emphasize stable demand and retention over outsized rent growth.
Demographic statistics within a 3-mile radius show recent population softness but a modest rise in households, suggesting smaller household sizes and consistent renter demand. Forecasts point to population growth, higher household counts, and rising median incomes through 2028, which can expand the tenant base and support occupancy stability. Amenity access is solid for daily needs (grocery/pharmacy), with restaurants comparatively competitive in-metro, though limited park and café density puts more weight on on-site features and property management to drive renewals.
- 2012 vintage vs. older neighborhood stock supports leasing competitiveness and tenant appeal.
- Renter-occupied share of 59.4% and ~90.8% neighborhood occupancy point to a sizable, durable tenant base.
- 3-mile outlook calls for population and household growth with rising incomes, supporting occupancy and renewals.
- Risk: amenity gaps (parks/cafés) and below-national safety percentiles require strong on-site programming and lighting/security plans.