| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 39th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1212 E Denman Ave, Lufkin, TX, 75901, US |
| Region / Metro | Lufkin |
| Year of Construction | 1973 |
| Units | 96 |
| Transaction Date | 2016-06-10 |
| Transaction Price | $117,600 |
| Buyer | DELEON MORENO ERIC |
| Seller | PURTEE MICHAEL J |
1212 E Denman Ave, Lufkin TX Multifamily Investment
Stabilized renter demand in a service-oriented corridor with neighborhood occupancy above the metro median, according to WDSuite’s CRE market data. The location supports steady leasing while leaving room for operational upside.
Amenity access is a relative strength: the neighborhood ranks 2nd out of 41 Lufkin neighborhoods for overall amenities, placing it in the top quartile nationally for cafes and restaurants. This concentration of daily conveniences supports resident retention and reduces friction in leasing.
Renter-occupied share in the neighborhood is moderate, indicating a meaningful tenant base for a 96-unit asset and a foundation for steady absorption. Neighborhood occupancy is above the metro median (rank 17 of 41), suggesting leasing resilience even as the broader market normalizes. Median contract rents in the neighborhood have risen over the past five years, reinforcing pricing power at appropriately positioned assets based on CRE market data from WDSuite.
Within a 3-mile radius, recent population and household counts have edged lower, but forecasts call for renter pool expansion with notable growth in households through the next five years. This dynamic implies a larger tenant base and supports occupancy stability if units are competitively finished and priced. School ratings trend below national averages, which can shape renter profiles toward value-oriented households and workforce tenants.
Home values in the neighborhood are lower than many U.S. markets, which can create some competition from ownership options. For multifamily owners, this typically translates to a focus on value and convenience—positioning, amenity curation, and professional management become key to sustaining retention and rent collections in line with neighborhood demand.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors commonly benchmark to city and county trends and prioritize property-level measures—lighting, access control, and visibility—to support resident confidence and leasing.
1212 E Denman Ave was built in 1973, older than the neighborhood’s average vintage, which points to value-add and capital planning opportunities. Amenity density and above-median neighborhood occupancy support ongoing leasing, while a forecasted increase in households within 3 miles suggests a larger renter base to backfill turnover and sustain occupancy. According to CRE market data from WDSuite, neighborhood rents have trended upward, indicating potential to capture incremental revenue where interior finishes and operations are competitive.
Counterbalancing factors include below-average school ratings and a local ownership market that is comparatively accessible, which can increase competition at certain price points. Execution that emphasizes convenience, maintenance responsiveness, and in-unit updates can help reinforce pricing power and lease retention.
- Amenity-rich corridor and above-median neighborhood occupancy support leasing stability.
- 1973 vintage offers value-add upside through targeted renovations and systems upgrades.
- 3-mile household growth outlook expands the tenant base, aiding backfill and retention.
- Neighborhood rent growth trend provides a path to revenue gains with competitive positioning.
- Risks: comparatively accessible ownership options and below-average school ratings may temper pricing power.