| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 39th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1806 E Denman Ave, Lufkin, TX, 75901, US |
| Region / Metro | Lufkin |
| Year of Construction | 1982 |
| Units | 67 |
| Transaction Date | 2010-12-13 |
| Transaction Price | $1,503,100 |
| Buyer | COHEN IGAL |
| Seller | KIRIGIN ENTERPRISES LLC |
1806 E Denman Ave, Lufkin TX Multifamily Value-Add Opportunity
Neighborhood occupancy sits above the Lufkin metro median and amenity access is competitive for the area, signaling demand resilience and steady leasing conditions according to WDSuite’s CRE market data.
The property sits in an A+ rated neighborhood that ranks 1st out of 41 Lufkin metro neighborhoods, reflecting strong local fundamentals. Amenity access is a relative strength: café and restaurant density rank 2nd of 41 (competitive among Lufkin neighborhoods) with national percentiles in the mid‑70s to low‑80s, and grocery and pharmacy access rank 4th and 3rd of 41, respectively. These amenities support renter convenience and day‑to‑day livability.
Neighborhood occupancy is 90.5% (ranked 17th of 41), placing it above the metro median and near the national midpoint. This suggests leasing stability, though not a tight market, giving owners room to focus on operations and renewal management rather than heavy lease‑up risk.
Renter concentration is on the lower side at roughly three in ten housing units renter‑occupied (ranked 15th of 41; nationally above average). For investors, this indicates a smaller but durable tenant base where product quality, pricing, and service matter for retention.
Within a 3‑mile radius, recent population and household counts have been modestly soft, but forecasts point to meaningful growth in both population and households by 2028. If realized, this would expand the tenant base and support occupancy and absorption. Median household income has trended higher, and the neighborhood’s rent‑to‑income ratio sits around the national mid‑range, which can help manage affordability pressure and sustain renewals.
Ownership costs remain relatively accessible in this part of Lufkin (median home values and value‑to‑income ratios sit below national midpoints), which can create some competition with entry‑level ownership. For multifamily, this dynamic underscores the importance of maintaining unit finishes, amenities, and service to sustain pricing power and retention.
Schools in the area trend below national averages (ranked 5th of 41 with a lower average rating), which is a watch item for family‑oriented renter demand. That said, the neighborhood’s amenity convenience and commute access within Lufkin balance the profile for workforce housing.
Neighborhood‑level safety statistics are not available in WDSuite’s dataset for this location, so comparative ranks and percentiles cannot be cited. Investors should review recent city and county reports, speak with local property managers, and compare trends to broader Lufkin and Angelina County benchmarks as part of standard diligence.
Proximity to area employers supports workforce housing demand; investors should validate commute patterns and major job nodes during diligence. Specific nearby employer distances were not available in the dataset.
Built in 1982, this 67‑unit asset presents straightforward value‑add and capital planning potential: renovations and systems updates can enhance competitive positioning in a submarket with above‑median neighborhood occupancy and strong day‑to‑day amenities. According to CRE market data from WDSuite, rents in the neighborhood sit in the upper half regionally with solid five‑year momentum, while rent‑to‑income measures remain near the national mid‑range—helpful for renewal stability.
Local renter concentration is modest, but 3‑mile forecasts indicate notable population and household growth through 2028, which would widen the tenant base and support absorption. More accessible ownership costs mean multifamily competes with entry‑level buying, so executing on finish quality, service levels, and pricing discipline becomes central to retention and cash‑flow durability.
- 1982 vintage supports a pragmatic value‑add plan (interiors/systems) to sharpen competitiveness
- Neighborhood occupancy above the metro median and strong amenity access underpin leasing stability
- 3‑mile demographic forecasts indicate expanding renter pool, supporting demand and absorption
- Rent‑to‑income near national mid‑range favors renewal management over aggressive rent‑push
- Risks: lower school ratings, accessible ownership alternatives, and small‑market scale warrant careful underwriting