| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 23rd | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5623 Carroll Ln, Corp Christi, TX, 78415, US |
| Region / Metro | Corp Christi |
| Year of Construction | 1984 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5623 Carroll Ln, Corpus Christi TX Multifamily Opportunity
Neighborhood occupancy trends are strong with stable renter demand, according to WDSuite’s CRE market data, supporting consistent leasing for a 41-unit asset. Renter-occupied share is elevated in this inner-suburb location, pointing to a deep local tenant base.
The property sits in an Inner Suburb neighborhood rated A- (ranked 26th among 121 Corpus Christi neighborhoods), indicating competitive fundamentals within the metro. Occupancy in the neighborhood is among the highest locally and in the top quartile nationally, reinforcing expectations for steady leasing and reduced downtime between turns.
Daily-life amenities are a relative strength: restaurants and cafes are competitive among Corpus Christi neighborhoods and sit in the top quartile nationally, while grocery access also performs above the metro median. Park access is similarly competitive. One notable gap is pharmacy presence, which is limited in the immediate area and may influence resident convenience expectations.
Schools in the surrounding area trend below national averages (based on an average rating of roughly 2 out of 5), which can shape renter profiles toward value-focused households. Median contract rents in the neighborhood are mid-market by national percentiles, and recent growth has been positive; paired with high occupancy, this supports durable income streams rather than outsized near-term rent lifts.
Within a 3-mile radius, demographics show a modest contraction in population in recent years, but incomes have risen and household sizes have edged lower—factors that can sustain a stable renter pool. Forward-looking data suggests households could increase and advertised rents may continue to firm, according to WDSuite’s multifamily property research, which would support ongoing demand for professionally managed units.
Safety compares below national averages, with neighborhood crime metrics placing this area below the median for Corpus Christi and in lower national percentiles. For investors, this typically requires attentive property management, lighting, and access controls to support retention and resident satisfaction.
That said, recent trend data indicates year-over-year improvement in violent-offense rates, suggesting conditions have been moving in a favorable direction. Investors should underwrite to the current comparative standing while recognizing the improving trajectory and the role of onsite measures in stabilizing operations.
This 41-unit asset benefits from a high-occupancy neighborhood and an elevated share of renter-occupied housing, which together point to depth of demand and leasing stability. Median rents track mid-market nationally, and rent-to-income levels imply manageable affordability pressure—favorable for retention and steady renewal capture rather than dependence on aggressive rent growth. According to CRE market data from WDSuite, the immediate area’s amenities are competitive within the metro, reinforcing livability for workforce renters.
Within a 3-mile radius, population trends have been mixed in recent years, but income growth and a projected increase in household counts point to a larger tenant base over time. Key underwriting considerations include comparatively lower school ratings, limited pharmacy access, and below-median safety metrics, which can be mitigated through targeted capital plans and professional management practices.
- High neighborhood occupancy supports consistent leasing and income stability.
- Elevated renter-occupied share signals a deep local tenant pool.
- Competitive amenity access (dining, groceries, parks) enhances livability and retention.
- Income gains and projected household growth within 3 miles support medium-term demand.
- Risks: below-median safety and school ratings; plan for security and resident-experience investments.