| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 45th | Good |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1519 Copeland St, Lufkin, TX, 75904, US |
| Region / Metro | Lufkin |
| Year of Construction | 1980 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1519 Copeland St Lufkin Multifamily Investment
Neighborhood renter demand appears serviceable with a moderate renter-occupied housing base and everyday amenities, according to WDSuite’s CRE market data. Investors should note occupancy stability at the neighborhood level while evaluating value-add potential tied to 1980 vintage.
Located in an Inner Suburb pocket of Lufkin, the neighborhood scores competitively for daily needs: cafes and grocery options rank among the stronger concentrations in the metro (top quartile among 41 neighborhoods for cafes and near the top for groceries), while parks and pharmacies are limited. Average school ratings in the area trend below national norms, which may influence unit mix positioning and tenant profile more than broad demand.
Neighborhood occupancy is 88.2% (neighborhood metric, not the property), placing it below the metro median and signaling the need for attentive leasing and retention strategies. The share of housing units that are renter-occupied is 39.8% in the neighborhood (top quartile locally), indicating a defined renter base that can support consistent leasing for small to mid-sized multifamily assets.
The property’s 1980 construction year is older than the neighborhood’s average vintage (1992). For investors, that points to potential capital expenditure planning and value-add or modernization upside to compete with newer stock, particularly in unit interiors and common areas.
Demographic trends within a 3-mile radius show a slight population dip in recent years alongside growth in household counts, suggesting smaller household sizes and a gradually expanding tenant base. Forward-looking projections indicate increases in both households and incomes, which can support occupancy stability and rent growth over time; these trends are directionally consistent with commercial real estate analysis benchmarks and merit underwriting sensitivity checks.
Home values in the area are moderate for Texas, which can make ownership more attainable for some households; for multifamily owners, that typically means competitive positioning on value and convenience is important to sustain pricing power. With median contract rents in the neighborhood sitting at accessible levels relative to incomes, rent-to-income indicators suggest manageable affordability pressures that can support retention when combined with disciplined lease management.
Comparable neighborhood crime data is not available in WDSuite for this location. Investors typically benchmark safety using city and metro sources, property-level incident histories, and insurer or lender datasets to understand trends over time and how they compare to broader regional patterns.
This 39-unit asset offers value-add potential due to its 1980 vintage relative to the area’s newer average stock, with a defined renter base and everyday amenities supporting demand. Neighborhood occupancy of 88.2% (neighborhood metric) implies leasing work to capture share, but household growth and income gains within a 3-mile radius point to a larger tenant base over the next cycle. According to CRE market data from WDSuite, local rents are positioned at levels that can sustain retention with prudent lease management, while modernization can enhance competitiveness versus newer comparables.
Key underwriting considerations include capital planning for age-related systems, marketing to the neighborhood’s renter-occupied segment, and positioning on value and convenience given limited parks and lower average school ratings. Sensitivity around lease-up pace and renewal strategies is warranted given the below-median neighborhood occupancy.
- 1980 vintage points to tangible value-add and modernization upside versus newer neighborhood stock
- Defined renter-occupied base supports demand depth for a 39-unit multifamily property
- 3-mile household and income growth projections support a larger renter pool and pricing resilience
- Neighborhood occupancy below metro median requires focused leasing and retention execution
- Limited parks and lower school ratings may narrow family appeal; emphasize convenience and renovated finish levels