| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 78th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4515 Maplewood Ave, Wichita Falls, TX, 76308, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1980 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4515 Maplewood Ave, Wichita Falls Multifamily Opportunity
Neighborhood indicators point to a durable renter base and manageable affordability pressures, according to WDSuite’s CRE market data. The area’s renter-occupied share and everyday retail access support steady leasing, while occupancy trends warrant attentive asset management.
This Inner Suburb neighborhood ranks 2 out of 58 within the Wichita Falls metro, placing it in the top quartile locally with an A+ neighborhood rating. For investors, that status reflects solid fundamentals at the neighborhood scale rather than the property itself, including a sizeable renter pool and daily-needs convenience.
Tenant demand is underpinned by a renter-occupied share of housing at the neighborhood level that sits in the top quartile nationally, indicating depth in the multifamily renter base. By contrast, neighborhood occupancy is below the national median, suggesting leasing stability can be achieved but benefits from active marketing, renewals, and unit turn execution.
Amenity access is mixed. Grocery availability ranks 1 out of 58 metro neighborhoods and restaurant density ranks 3 out of 58, both competitive strengths (national percentiles in the low 90s). However, parks, pharmacies, cafes, and childcare options are limited within the neighborhood cluster, which may slightly constrain lifestyle appeal relative to denser nodes.
Demographics aggregated within a 3-mile radius show modest population growth over the past five years and an increase in households alongside a slight reduction in average household size. Looking ahead, forecasts point to continued population growth and a notable rise in total households, which expands the prospective renter pool and supports occupancy stability for multifamily assets in this part of Wichita Falls.
Safety outcomes in this neighborhood trail national medians, with crime measures generally in the lower national percentiles. Within the Wichita Falls metro, the neighborhood’s crime rank sits in the less favorable half among 58 neighborhoods, indicating investors should plan for standard security best practices and resident engagement.
Recent year-over-year trends indicate upticks in both property and violent offenses at the neighborhood scale. While absolute rates vary by block and property management approach, comparative positioning suggests underwriting should include thoughtful lighting, access controls, and coordination with local resources to support resident confidence and retention.
Proximity to established corporate operations supports workforce housing demand and commute convenience for residents, with access to industrial and manufacturing employment.
- Owens Corning — building materials manufacturing (5.7 miles)
Built in 1980 across 116 units, the asset offers scale and potential value-add leverage in a neighborhood that ranks near the top of the Wichita Falls metro. The vintage implies targeted capital planning—interior updates and selective systems modernization can enhance competitive positioning against the metro’s slightly newer average stock (1987) while benefiting from a renter base supported by everyday retail access and a high renter-occupied share at the neighborhood level. According to commercial real estate analysis from WDSuite, rent-to-income dynamics appear manageable locally, which can aid renewal strategies and measured rent growth, though neighborhood occupancy trends call for attentive leasing and retention programs.
Within a 3-mile radius, population and household growth—paired with shrinking household size—suggest a larger tenant base over time. Homeownership costs are moderate in context, which may create some competition with entry-level ownership; however, elevated daily convenience (groceries and dining) and a sizable renter cohort continue to support multifamily demand. Risk considerations include neighborhood safety metrics that are below national medians and amenity gaps in parks and services, best addressed through property-level operations and resident experience investments.
- 1980 vintage with value-add and systems upgrade potential to improve competitive standing
- Top-quartile neighborhood rank (2 of 58) within the Wichita Falls metro supports investor confidence
- Renter-occupied share at the neighborhood level is robust, reinforcing depth of tenant demand
- 3-mile radius shows rising population and households, expanding the prospective renter pool
- Risks: below-median safety metrics and neighborhood occupancy warrant proactive security and leasing management