| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 47th | Fair |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3706 Seymour Rd, Wichita Falls, TX, 76309, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1974 |
| Units | 120 |
| Transaction Date | 2019-01-11 |
| Transaction Price | $2,778,000 |
| Buyer | 3706 Seymour Lane GP LLC |
| Seller | --- |
3706 Seymour Rd, Wichita Falls TX Multifamily Investment
Stabilization potential supported by a broad renter base and park access in a suburban Wichita Falls location, according to WDSuite’s CRE market data. Focus on durable workforce demand with measured rent positioning.
This suburban neighborhood in Wichita Falls (neighborhood rating: B) shows mixed fundamentals for investors. Park and pharmacy access both score in the top quartile nationally, while restaurant options sit near the middle of the pack and cafes/groceries are limited, indicating most errands will require a short drive. School quality trends above national average. Based on multifamily property research from WDSuite, the neighborhood’s overall rank is 26 out of 58 — competitive among Wichita Falls neighborhoods — but amenity depth is uneven.
Occupancy in the neighborhood sits below the metro median, suggesting some leasing friction relative to stronger Wichita Falls sub-areas. However, renter-occupied housing share in the neighborhood ranks 23 of 58 (competitive among Wichita Falls neighborhoods), pointing to a meaningful, if moderate, tenant base. At the broader 3-mile radius, demographics indicate a larger pool of renters, with households and families expanding in recent years; this supports demand for conventional multifamily and helps underpin occupancy stability.
Ownership costs in the area are comparatively accessible by national standards, which can create competition from entry-level ownership. Yet median rents and a rent-to-income profile consistent with manageable affordability pressure indicate room for steady renewals and measured pricing, rather than aggressive hikes. For unit mix strategy, note that average household sizes trend higher than many U.S. neighborhoods; the property’s average unit size of 895 square feet aligns with demand for practical two-bedroom formats.
Vintage dynamics matter: the neighborhood’s housing stock skews older (average year 1955). A 1974-built asset can compete well against 1950s properties, while still warranting capital planning for aging systems and targeted interior upgrades to maintain leasing velocity against refreshed comparables.
Safety indicators are mixed in this Wichita Falls neighborhood. Relative to the metro, crime ranks in the lower half (35 of 58), while national comparisons place the area around the lower-middle range. Recent trend data is more constructive: violent offense rates have improved over the last year and sit in the upper third nationally for improvement, signaling gradual stabilization rather than deterioration.
For investors, this translates to prudent underwriting on security and lighting, balanced by improving momentum. Evaluate property-level controls and recent trend lines for the immediate blocks, and compare resident retention and turnover costs to nearby submarkets with stronger safety rankings.
Nearby employment is anchored by manufacturing and building-products operations, providing steady workforce housing demand and commute convenience for residents. The list below reflects the most relevant nearby employer.
- Owens Corning — building materials (4.1 miles)
3706 Seymour Rd is a 120-unit, 1974-vintage community positioned in a suburban Wichita Falls neighborhood with steady workforce demand and improving safety trends. Compared with an older local housing base (average 1955), the asset’s vintage remains competitive while still benefiting from targeted value-add to interiors and building systems. Neighborhood occupancy trails the metro median, but a deeper renter pool within a 3-mile radius and balanced rent-to-income dynamics support leasing durability and renewal potential. According to commercial real estate analysis from WDSuite, home values remain comparatively accessible versus national benchmarks, which can temper pricing power but also sustain renter reliance on multifamily for flexibility.
Forward-looking demographics within 3 miles point to growth in population and households, expanding the tenant base. Amenity access is strongest for parks and pharmacies, suggesting a resident profile that values open space and convenience over dense retail; operators should plan for on-site experiences and services to offset limited walkable retail.
- 1974 vintage competes well against older neighborhood stock while offering clear value-add pathways
- Renter pool expansion within 3 miles supports occupancy stability and renewal capture
- Manageable rent-to-income profile favors steady, measured rent growth and retention
- Strong park/pharmacy access enhances livability despite lighter retail density
- Risks: neighborhood occupancy below metro median and uneven amenity mix may require sharper operations and targeted capex