| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 18th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Pennsylvania Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1998 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 Pennsylvania Ave Fairfield Multifamily With Stable Demand
Neighborhood occupancy is currently tight, supporting leasing stability at the submarket level, according to WDSuite’s CRE market data. This positioning favors consistent renter demand relative to nearby alternatives in Fairfield.
Located in Fairfield’s inner-suburban fabric of the Vallejo, CA metro, the neighborhood shows balanced livability fundamentals with broad access to daily needs. Amenity access ranks above the metro median (25th of 98 neighborhoods), with pharmacies and groceries present at levels near national midpoints, while cafes are thinner than typical. School ratings trend below national averages, which may influence tenant profiles more toward value- and commute-oriented households.
For income property investors, the most notable signal is occupancy: the neighborhood ranks at the top among 98 metro neighborhoods and sits in the top quartile nationally for occupancy stability. Median contract rents in the neighborhood have risen over the past five years, and the renter-occupied share around 46% indicates a meaningful tenant base that can support steady absorption and renewals when managed effectively.
At the 3-mile radius level (demographics aggregated within 3 miles), recent population growth has been modest while household counts have increased, pointing to slightly smaller average household sizes over time. Looking ahead to 2028, projections indicate additional population growth and a larger number of households, which supports renter pool expansion and can underpin occupancy and renewal outcomes for well-managed multifamily assets.
The property’s 1998 vintage is newer than the neighborhood’s average construction year (1980), offering a relative competitive edge versus older stock. Investors should still plan for system upgrades and selective renovations to maintain positioning against newer deliveries and to capture value-add upside.
Ownership costs in the area are elevated relative to incomes by national standards, and neighborhood median home values are high for the region. This high-cost ownership market tends to sustain reliance on rental housing, which can aid tenant retention and support pricing power; however, rent-to-income levels imply that thoughtful lease management and renewal strategies remain important.
Safety indicators compare less favorably to national averages, with property and violent offense measures sitting in lower national percentiles. Within the region, the picture is mixed; however, recent trends show improvement in violent offense rates, which is a constructive signal to monitor rather than a concluded shift.
For underwriting, this suggests prudent attention to security features, lighting, and resident experience initiatives, while tracking whether the recent improvement persists. Comparisons should be made against Vallejo metro peers and the broader Bay Area to contextualize leasing and retention expectations.
Regional employment access is anchored by major Bay Area corporate hubs that expand the commuter shed and support multifamily renter demand, including Clorox, Chevron, International Paper, Salesforce, and Gap.
- Clorox — consumer products HQ (32.8 miles) — HQ
- Chevron — energy HQ (33.9 miles) — HQ
- International Paper — packaging & paper (35.5 miles)
- Salesforce.com — enterprise software HQ (36.3 miles) — HQ
- Gap — apparel retail HQ (36.4 miles) — HQ
201 Pennsylvania Ave is a 60-unit, 1998-vintage multifamily asset positioned in a neighborhood with tight occupancy and a sizable renter base. Based on CRE market data from WDSuite, neighborhood occupancy ranks at the top of the Vallejo metro, and elevated home values relative to incomes reinforce reliance on rental housing, supporting depth of demand. Within a 3-mile radius, modest population growth alongside rising household counts indicates a larger tenant base over time, which can support occupancy stability and renewals.
The 1998 construction is newer than the neighborhood average, suggesting competitive positioning versus older stock while leaving room for targeted modernization to capture value-add upside. Affordability pressure (reflected in rent-to-income levels) and safety metrics that trail national benchmarks warrant careful lease management and resident-experience investment, but the combination of strong occupancy dynamics and a growing household base presents a durable long-term thesis.
- Neighborhood occupancy ranks at the top of 98 Vallejo metro neighborhoods, supporting leasing stability.
- High ownership costs sustain rental demand, aiding tenant retention and pricing power.
- 1998 vintage offers a newer basis than local averages with value-add potential through selective upgrades.
- 3-mile demographics point to modest population growth and more households, expanding the renter pool.
- Risk: Safety metrics trail national norms and rent-to-income levels require disciplined lease management.