| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 77th | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 37143 Waverly Ter, Fremont, CA, 94536, US |
| Region / Metro | Fremont |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
37143 Waverly Ter Fremont Multifamily Investment
Neighborhood occupancy has remained resilient with stable renter demand, according to WDSuite’s CRE market data, supporting steady performance for well-managed assets. Positioned in a high-cost ownership market, the property benefits from consistent leasing fundamentals relative to nearby submarkets.
Located in Fremont within the Oakland–Berkeley–Livermore metro, the neighborhood shows steady renter demand and occupancy that is above the metro median and in the top quartile nationally, based on WDSuite’s CRE market data. Renter-occupied housing accounts for roughly half of local units, indicating a meaningful renter base that can support leasing continuity for a 24-unit asset.
Local amenity density inside the neighborhood is limited for daily retail like cafes, groceries, and pharmacies, but park access is a relative strength, ranking competitive among Oakland–Berkeley–Livermore neighborhoods (469 total) and high on a national basis. For residents, this mix suggests quieter, suburban living with outdoor access, while retail needs are likely met in adjacent Fremont corridors.
Home values rank near the top nationally, and the value-to-income ratio sits well above national norms. In a high-cost ownership environment, tenants tend to rely more on multifamily housing, which can reinforce rental demand and support pricing power when paired with attentive lease management. Neighborhood median asking rents also trend high versus national benchmarks, so monitoring rent-to-income levels remains prudent for retention.
Demographic statistics aggregated within a 3-mile radius indicate a high-income resident base and modest growth in households despite slight population softness, implying smaller household sizes and a steady or expanding renter pool over time. For a 1988 vintage property, this supports a value proposition centered on location fundamentals and operational consistency rather than rapid lease-up dynamics.
Safety indicators compare favorably overall: the neighborhood is competitive among Oakland–Berkeley–Livermore areas (469 total) and sits above the national median, per WDSuite’s data. Recent year-over-year declines in both violent and property offenses point to improving trends, which can aid resident retention and leasing stability when combined with proactive onsite management.
Nearby corporate campuses create a diversified employment base in technology and life sciences, supporting commuter convenience and a stable tenant pipeline. The list below highlights prominent employers within typical renter commuting range that underpin multifamily demand in this Fremont submarket.
- Sanmina Corporation — electronics manufacturing (4.2 miles)
- Synnex — technology distribution (4.9 miles) — HQ
- Lam Research - CA9 — semiconductor equipment offices (5.6 miles)
- Lam Research Corporation CA8 — semiconductor equipment offices (5.8 miles)
- Lam Research — semiconductor equipment (5.9 miles) — HQ
37143 Waverly Ter offers an institutional-adjacent Fremont location with neighborhood occupancy above the metro median and top-quartile levels nationally, according to CRE market data from WDSuite. Elevated home values and a high value-to-income ratio reinforce continued reliance on rental housing, while a sizable share of renter-occupied units indicates depth in the tenant base. The 1988 vintage is newer than the neighborhood’s average stock, which can be competitively positioned with selective modernization of interiors and building systems to capture premium retention and renewal opportunities.
Within a 3-mile radius, household counts have trended upward and are projected to continue growing even as average household size declines, supporting a broader renter pool over time. Proximity to major employers in semiconductors, electronics, and life sciences supports leasing stability for workforce and professional tenants, though limited immediate retail density suggests residents will rely on nearby corridors for shopping and dining.
- Occupancy above metro median and strong nationally, supporting stable cash flow potential
- High-cost ownership market sustains renter reliance and pricing power with prudent lease management
- 1988 vintage offers value-add through targeted renovations versus older local stock
- Employment access to semiconductor, electronics, and life sciences nodes supports steady demand
- Risks: limited walkable retail in immediate area and elevated rent levels require careful affordability and retention oversight