| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 39th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1406 Tulane Dr, Lufkin, TX, 75901, US |
| Region / Metro | Lufkin |
| Year of Construction | 1978 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1406 Tulane Dr, Lufkin TX Multifamily Investment
Neighborhood occupancy near the low-90% range and steady renter demand point to durable leasing conditions at the submarket level, according to WDSuite’s CRE market data.
The property sits in a Lufkin neighborhood rated A+ and ranked 1st among 41 metro neighborhoods, signaling strong local fundamentals. Amenity access is a relative strength — restaurants and cafes rank near the top of the metro — and the area scores in the low 70s nationally for overall amenities, supporting day-to-day convenience that helps with tenant retention.
Neighborhood occupancy is around 90%, placing it around the metro middle, and rent levels remain accessible compared with many U.S. neighborhoods. For investors, this combination typically supports stable absorption while limiting pricing volatility. School ratings trend below national averages, which can modestly temper family-driven demand, but proximity to everyday services (grocers, pharmacies, parks) helps underpin livability.
Within a 3-mile radius, households have edged up slightly even as population was roughly flat in recent years; projections indicate meaningful growth in both households and incomes through 2028. That implies a larger tenant base and improving rent-to-income headroom — supportive for occupancy and renewal trends over a multi‑year hold, based on CRE market data from WDSuite.
Tenure patterns point to depth for rentals: within 3 miles, roughly half of housing units are renter-occupied, indicating a broad base of prospective tenants and ongoing demand for multifamily options. At the same time, ownership costs in this submarket are comparatively more accessible than high-cost metros, which can introduce some competition with entry-level ownership; effective management and unit quality typically remain the differentiators.
Comparable crime statistics for this neighborhood are not available in WDSuite’s dataset, so investors should benchmark conditions against city and county trends and review recent reporting periods. A prudent approach is to pair on-the-ground observations with regional data to assess whether safety is improving, stable, or deteriorating relative to broader Lufkin and Angelina County.
When crime data is unranked, investors commonly focus on operational mitigants — lighting, access controls, and resident engagement — and compare insurance and security line items to similar Lufkin submarkets to validate underwriting assumptions.
Built in 1978, the asset is older than the neighborhood’s average vintage, positioning it for targeted renovations or systems upgrades that can drive value-add upside and competitive differentiation. Occupancy in the surrounding neighborhood sits around the low-90% range, and amenity access ranks near the top of Lufkin, both of which support day-to-day livability and retention.
Within a 3-mile radius, households are projected to grow alongside rising incomes, pointing to a larger tenant pool and improving ability to absorb rent increases over time. According to CRE market data from WDSuite, rents are relatively manageable versus incomes locally, suggesting room for thoughtful revenue management while maintaining lease stability. Key risks include below-average school ratings and potential competition from comparatively accessible homeownership, which places a premium on product quality and operations.
- 1978 vintage offers value‑add potential via interior updates and modernization
- Neighborhood occupancy around 90% supports stable cash flow potential
- Strong amenity access in a top-ranked Lufkin neighborhood aids retention
- 3‑mile outlook shows household and income growth, expanding the renter base
- Risks: lower school ratings and competition from entry-level ownership options