| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 51st | Fair |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4505 Call Field Rd, Wichita Falls, TX, 76308, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2001 |
| Units | 20 |
| Transaction Date | 2023-08-23 |
| Transaction Price | $2,660,000 |
| Buyer | KARL KLEMENT PROPERTIES INC |
| Seller | CAPRON JOEL K |
4505 Call Field Rd Wichita Falls Multifamily Investment
Neighborhood occupancy sits in the low 90s, suggesting steady leasing fundamentals for a 20‑unit asset, according to WDSuite’s CRE market data. The submarket’s relative affordability supports retention while giving room for disciplined rent management.
Rated A-, the neighborhood ranks 15 out of 58 in the Wichita Falls metro, making it competitive among Wichita Falls neighborhoods. Occupancy performance is near the metro’s stronger cohort (ranked 16 of 58; about average nationally), a constructive backdrop for stabilizing cash flows in smaller multifamily.
Local amenity access is mixed: restaurants are comparatively dense for the metro (ranked 11 of 58; 69th percentile nationally), while grocery access is competitive within the metro (ranked 19 of 58). Cafes, parks, and pharmacies are limited at the neighborhood level, so residents may rely on nearby corridors for some daily needs. Average school ratings trend below national norms, which warrants conservative underwriting for family‑driven demand.
The property’s 2001 vintage is newer than the neighborhood’s average 1985 construction, offering relative competitiveness versus older stock while still leaving room to plan for system updates or light modernization over the hold.
Within a 3‑mile radius, population and households have grown and are projected to continue expanding by 2028, pointing to a larger tenant base over time. Renter-occupied housing accounts for roughly two‑fifths of units in this radius, indicating a meaningful renter concentration that supports multifamily demand. Median contract rents are moderate for the region and are projected to rise modestly, while a low rent‑to‑income burden at the neighborhood level supports lease retention and measured pricing power.
Ownership costs remain relatively accessible in the Wichita Falls area compared with many U.S. markets, which can introduce some competition with entry‑level ownership. Even so, a balanced renter pool and moderate rents support stable occupancy and steady leasing velocity for well‑maintained units.
Safety indicators for the neighborhood sit below national medians overall and trend weaker than the metro’s top cohort. In comparative terms, this area does not rank among the top quartile nationally, so investors should underwrite accordingly and consider security, lighting, and resident engagement as part of operations.
Recent trends are mixed: property offenses have moved downward year over year, a positive directional signal, while violent offense rates have increased. These metrics are measured at the neighborhood level against 58 Wichita Falls neighborhoods and compared nationally by percentile; they are best used for relative context and trend monitoring rather than block‑level conclusions.
Proximity to regional manufacturing and corporate operations supports workforce housing demand and convenient commutes for residents. The following nearby employer anchors local employment depth.
- Owens Corning — building materials manufacturing (5.9 miles)
This 20‑unit asset built in 2001 benefits from a neighborhood with occupancy in the low 90s and a renter base supported by moderate rents and a low rent‑to‑income burden. Population and household growth within a 3‑mile radius point to renter pool expansion, while the property’s newer vintage versus local averages provides competitive positioning with manageable capital planning needs, based on CRE market data from WDSuite.
Amenity access is strongest along dining corridors, and grocery access is competitive within the metro. Ownership remains relatively accessible in this market, so investors should emphasize product differentiation and resident experience to sustain pricing. School ratings and safety metrics trail national medians, which argues for conservative underwriting and targeted operational enhancements.
- Occupancy near the metro’s stronger cohort supports stable cash flows for small multifamily.
- 2001 vintage offers competitive positioning versus older neighborhood stock with manageable modernization needs.
- 3‑mile population and household growth indicate a larger tenant base and sustained leasing demand.
- Moderate rents and low rent‑to‑income burden support retention and disciplined rent management.
- Risks: below‑average school ratings, mixed safety trends, and competition from relatively accessible ownership options.