| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 58th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4507 Coronado Ave, Wichita Falls, TX, 76310, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4507 Coronado Ave, Wichita Falls TX — 32-Unit Multifamily
Suburban Wichita Falls location with neighborhood occupancy at 94.4% supports steady renter demand, according to WDSuite’s CRE market data. Balanced fundamentals and accessible rents point to durable leasing with measured upside.
The property sits in a suburban neighborhood rated A and ranked 4 out of 58 within the Wichita Falls metro, placing it among the competitive tier of local neighborhoods for investors. Neighborhood occupancy is 94.4% (neighborhood metric, not property-level), which is competitive among Wichita Falls neighborhoods and in the upper national percentiles for stability, based on CRE market data from WDSuite.
Everyday amenities are convenient: grocery and pharmacy access rank 6th and 5th of 58 metro neighborhoods, respectively, indicating strong proximity for residents. At the same time, cafes and park space rank near the bottom locally, which suggests lifestyle conveniences skew toward essentials rather than leisure amenities — a neutral-to-slight headwind for premium positioning but consistent with workforce-oriented demand.
Within a 3-mile radius, demographics signal a stable renter base with population growth over the prior period and additional growth projected, leading to a larger tenant pool. Median household incomes in the neighborhood are above many peer areas in the metro (rank 12 of 58; national percentile mid-60s), supporting rent collections and retention. The share of housing units that are renter-occupied appears moderate, indicating demand depth without outsized turnover dynamics — a constructive backdrop for multifamily operations.
Relative cost context favors rentals: neighborhood home values sit below national midpoints (national percentile mid-30s), while rent-to-income sits in a stronger national percentile band. For investors, that combination points to manageable affordability pressure that can support lease stability, even as more attainable ownership options in the area may create some competition at renewal in certain unit tiers.
Neighborhood safety trends are mixed but improving. Recent year-over-year declines in both property and violent offense rates indicate momentum in the right direction (improvement ranks are above the metro median), according to WDSuite. However, national percentile positioning for current offense rates sits below the midpoint, meaning the area remains less safe than many neighborhoods nationwide even as it improves.
Within the Wichita Falls metro context, the neighborhood’s crime profile ranks 19 out of 58 neighborhoods, placing it around the middle of the pack locally. For multifamily investors, this suggests standard risk management and on-site measures should be sufficient for tenant retention, while continued improvement could modestly benefit leasing over time.
Local employment is anchored by nearby industrial and corporate operations that help sustain renter demand through commute-friendly access. The following employer is within a practical drive of the property.
- Owens Corning — building materials (6.1 miles)
This 32-unit asset benefits from a competitive neighborhood position within the Wichita Falls metro, with neighborhood occupancy at 94.4% and essential retail access that aligns with workforce housing demand. According to CRE market data from WDSuite, the neighborhood ranks in the stronger local tiers for occupancy and everyday amenities, supporting baseline leasing stability while keeping operating assumptions conservative.
Investor considerations include moderate renter concentration and incomes that support collections, set against a high-cost-of-living alternative that is relatively more accessible locally. Lower home values versus national norms can introduce some competition from ownership, and lifestyle amenities (parks/cafes) are limited, but projected population and household growth within a 3-mile radius should expand the renter pool and underpin steady demand over the hold period.
- Competitive neighborhood rank (4 of 58) with strong local occupancy supports leasing stability
- Essential-retail proximity (grocery/pharmacy) enhances renter convenience and retention
- Growing 3-mile population and household counts point to a larger tenant base over time
- Income profile and manageable rent-to-income support collections and pricing discipline
- Risks: below-midpoint national safety percentiles and attainable ownership options may temper premium rent growth