| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 63rd | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5201 Central Fwy, Wichita Falls, TX, 76306, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2005 |
| Units | 48 |
| Transaction Date | 2014-11-10 |
| Transaction Price | $2,726,200 |
| Buyer | EB SLIDE LLC |
| Seller | STONE GATE TERRACE LLC |
5201 Central Fwy Wichita Falls Multifamily Investment
Occupancy in the surrounding neighborhood trends competitive within the Wichita Falls metro, supporting steady leasing potential; according to WDSuite’s CRE market data, local rents remain manageable relative to incomes, reinforcing retention.
This location sits in a rural-edge pocket of Wichita Falls with limited immediate retail and services, but convenient highway access along Central Fwy. Neighborhood schools rate well (top quartile nationally), which can help stabilize family-oriented demand relative to many U.S. neighborhoods, based on CRE market data from WDSuite.
Neighborhood occupancy is competitive among Wichita Falls neighborhoods, and the median rent-to-income ratio sits near the favorable side of national midpoints, supporting lease renewal prospects. At the same time, the area’s ownership costs are relatively accessible versus many U.S. markets, which can introduce some competition from for-sale options; operators should focus on service, convenience, and value to sustain pricing power.
Within a 3-mile radius, demographics indicate a large working-age cohort and rising household counts even as total population edges down—pointing to smaller household sizes and a broader base of households. This dynamic generally supports a larger tenant base and can underpin occupancy stability for well-managed assets.
The property’s 2005 vintage is newer than the neighborhood’s average construction year, suggesting competitive positioning versus older local stock. Investors should still budget for mid-life system updates and select interior refreshes to capture value-add upside and maintain curb appeal against newer deliveries in the broader region.
Safety indicators compare favorably to national medians, and recent year-over-year trends point to notable declines in both property and violent offenses, according to WDSuite’s CRE market data. In national terms, the neighborhood aligns with above-average safety profiles, and the improving trend reduces volatility risk for operators.
As always, safety conditions vary by block and over time. Investors should corroborate trends with current, on-the-ground checks and align operating plans (lighting, access control, resident engagement) with standard multifamily risk management practices.
- Owens Corning — building materials (3.4 miles)
Nearby industrial and manufacturing employment anchors help support workforce housing demand and commute convenience for residents, including the following employer within typical renter draw distances.
5201 Central Fwy offers a 2005-vintage, 48-unit footprint positioned against older neighborhood stock, which supports competitive leasing and selective value-add. Neighborhood occupancy is competitive within the metro, while rent levels remain manageable relative to local incomes, aiding retention and steady cash flow, per WDSuite’s commercial real estate analysis.
Within 3 miles, households are projected to increase even as total population trends down, expanding the renter pool through smaller household sizes. The submarket’s lower relative ownership costs may temper top-end rent growth, but thoughtful capital planning and operational execution can capture demand from working households seeking convenient access to Central Fwy.
- 2005 vintage relative to older neighborhood stock supports competitive positioning and value-add potential
- Neighborhood occupancy competitive within the metro underpins leasing stability
- 3-mile area shows rising households, broadening the tenant base and supporting absorption
- Manageable rents relative to incomes favor resident retention and cash flow durability
- Risks: limited immediate amenities and relatively accessible ownership options could weigh on peak pricing without strong operations