| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 49th | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4600 Old Jacksboro Hwy, Wichita Falls, TX, 76302, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2005 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4600 Old Jacksboro Hwy Wichita Falls Multifamily Investment
High neighborhood occupancy and a 2005 vintage support durable cash flow potential, according to WDSuite’s CRE market data. Within a 3-mile radius, a sizable renter-occupied base and accessible rents point to steady leasing and retention.
Located in an inner-suburb setting of Wichita Falls, the property benefits from neighborhood occupancy that trends above national averages (75th percentile), supporting income stability for multifamily assets. The submarkets building stock skews older (average vintage 1974), so a 2005 construction date positions this asset competitively versus nearby properties while still warranting mid-life system upgrades in capital plans.
Daily-needs access is a relative strength: grocery availability ranks near the top of local options (ranked 5th among 58 metro neighborhoods; high 89th percentile nationally). By contrast, cafes, restaurants, parks, and pharmacies are sparse in the immediate neighborhood, which may limit walkable lifestyle appeal and place more emphasis on on-site amenities and parking in leasing strategy.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, indicating a larger tenant base over the medium term. Income trends have stepped up meaningfully, and the rent-to-income ratio near 0.12 suggests manageable affordability pressure that can support retention and measured rent growth. Median home values are moderate for the region, which can sustain renter reliance on multifamily housing rather than ownership for a segment of households.
Schools rate below average locally, and overall neighborhood scoring sits around the metro middle (ranked 27th of 58; rating B), but steady demand driversoccupancy, renter depth, and grocery accessremain supportive for workforce-oriented multifamily. These dynamics align with conservative underwriting that prioritizes stabilized operations over premium rent positioning.
Safety indicators for the neighborhood are mixed but trending better on property incidents. Overall crime sits around the metro middle, competitive among Wichita Falls neighborhoods (ranked 22 out of 58). Nationally, the area tracks near the mid-range on both property and violent offense measures.
Recent momentum is constructive: estimated property offense has declined noticeably over the last year, placing the neighborhood above the national average for improvement. Investors should still underwrite standard security and lighting upgrades typical for inner-suburb assets while noting the improving trend.
Proximity to regional employers helps support a steady renter base and commute convenience, with nearby industrial and corporate facilities that align with workforce housing demandincluding Owens Corning.
- Owens Corning building materials (5.3 miles)
This 44-unit, 2005-built asset offers relative competitive positioning in a neighborhood where older stock predominates, supporting leasing against vintage peers while calling for customary mid-life capital planning. Neighborhood occupancy trends remain solid (above national averages), and daily-needs access is strong on grocery coverage. Within a 3-mile radius, household growth and rising incomes indicate a growing tenant base, while moderate ownership costs and a low rent-to-income ratio underpin retention and measured rent growth, based on CRE market data from WDSuite.
Key considerations include thinner lifestyle amenities (limited parks, cafes, and restaurants) and below-average school ratings, which may cap premium positioning but align with workforce demand. Crime sits near the metro middle with improving property offense trends, suggesting standard security measures are appropriate for risk management.
- 2005 vintage competitive versus older neighborhood stock; plan for mid-life systems and common-area refresh
- Above-average neighborhood occupancy supports income stability and lease retention
- Expanding 3-mile household base and rising incomes broaden the renter pool over time
- Strong grocery access enhances day-to-day livability for workforce tenants
- Risks: thinner lifestyle amenities, below-average school ratings, and mid-tier safety requiring standard security investments