| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 23rd | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 S John Redditt Dr, Lufkin, TX, 75904, US |
| Region / Metro | Lufkin |
| Year of Construction | 1979 |
| Units | 89 |
| Transaction Date | 2015-09-08 |
| Transaction Price | $2,577,500 |
| Buyer | LUFKIN B&L LLC |
| Seller | SHORT FR LTD |
300 S John Redditt Dr Lufkin Multifamily Opportunity
Neighborhood data points to a meaningful renter base and steady need for workforce housing, with renter-occupied share measured at the neighborhood level supporting lease-up and retention, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Lufkin, the neighborhood scores well on convenience: grocery, pharmacy, and restaurant access rank competitively among 41 Lufkin neighborhoods, and amenity availability sits modestly above national norms. This mix supports day-to-day resident needs and reduces friction for leasing and renewals.
Median neighborhood rents are around the national middle, with solid five-year growth, indicating pricing that remains attainable for local renters while still giving owners room to pursue measured increases as value is added. Home values trend lower versus national benchmarks, which can introduce some competition from entry-level ownership but also helps sustain a broad pool of renters seeking more accessible monthly housing costs.
Tenure data shows that 41% of housing units in the neighborhood are renter-occupied, signaling a deep tenant base for an 89-unit asset. At the same time, the neighborhood’s occupancy level is below the national average, so operators should prioritize marketing and product differentiation to capture share. The property’s 1979 vintage is newer than the local average stock and can be positioned as relatively competitive against older inventory, though investors should still plan for aging building systems and targeted modernization to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius show a flat-to-slightly contracting recent population trend, but forward-looking projections indicate population and household growth by 2028, expanding the renter pool and supporting occupancy stability. Household incomes in the area are improving, and the rent-to-income profile suggests manageable affordability pressure, which can aid renewal rates when paired with disciplined lease management.
Neighborhood-level safety metrics are not available in the current WDSuite dataset for this location. Investors typically evaluate property performance alongside broader Lufkin and Angelina County trends and on-the-ground diligence to understand relative safety and trajectory. Use comparable submarkets and time-series indicators where available to place risk in context.
This 1979, 89-unit asset benefits from a sizable neighborhood renter concentration and everyday amenities that align with workforce housing demand. According to CRE market data from WDSuite, neighborhood rents sit near national midpoints with healthy multi-year growth, creating room for value-add-led revenue gains if paired with practical upgrades. The asset is somewhat newer than the area’s average stock, offering competitive positioning versus older properties while still warranting capital plans for mechanicals and selective interior updates.
Within a 3-mile radius, near-term demographics have been steady, and projections call for expansion in population and households by 2028, which supports a larger tenant base and lease-up resiliency. Counterbalancing this, neighborhood occupancy trails national norms and local homeownership remains relatively accessible, so thoughtful asset management, marketing, and product differentiation will be important to mitigate competition and sustain pricing power.
- Neighborhood renter concentration supports depth of demand for an 89-unit community.
- Rents around national midpoints with multi-year growth create room for value-add-driven revenue.
- 1979 vintage is newer than local average stock, enabling competitive positioning post-upgrades.
- 3-mile projections point to population and household growth, expanding the renter pool by 2028.
- Risks: below-average neighborhood occupancy and accessible ownership options require active leasing and retention strategies.