| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 65th | Best |
| Amenities | 85th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 University Dr E, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1984 |
| Units | 72 |
| Transaction Date | 2012-05-31 |
| Transaction Price | $3,300,000 |
| Buyer | CEDAR CREEK APARTMENTS LLC |
| Seller | BOZKURT INVESTNENT LLC |
1000 University Dr E College Station Multifamily Opportunity
Investor positioning benefits from a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data, with amenity density supporting day-to-day convenience and leasing durability.
This Inner Suburb neighborhood ranks first among 93 metro neighborhoods (A+), signaling competitive location fundamentals for multifamily. Amenity access is a clear strength: cafes and restaurants score in the top national percentiles, and grocery, parks, and pharmacies also rate well compared with neighborhoods nationwide. For investors, this concentration of daily-needs retail and services tends to support leasing velocity and resident retention.
The property’s 1984 vintage is older than the neighborhood’s average construction year, pointing to potential capital expenditure and value‑add opportunities. Upgrading interiors, common areas, and systems can sharpen competitive positioning against the newer local stock while targeting durable renter demand.
Neighborhood occupancy has shown a modest multi‑year improvement and sits in a mid‑range nationally, suggesting stable baseline performance rather than peak tightness. Renter-occupied share is elevated locally, indicating a deeper tenant pool and reinforcing demand for smaller formats like studios and one‑bedrooms typical of ~445 sq. ft. average unit sizes.
Within a 3‑mile radius, demographics show a large 18–34 cohort and net population and household growth over time, with forecasts pointing to further increases in households and a slight decline in average household size. For multifamily owners, that usually translates to a larger tenant base and steady absorption of rental units, particularly near strong amenity clusters. Median home values are higher relative to local incomes, which sustains reliance on rental housing; rent levels remain manageable but still warrant routine affordability and retention management.
Safety indicators are broadly competitive in a national context. Violent offense rates align with safer‑than‑average conditions nationwide, and property offense measures also compare favorably versus most neighborhoods across the country. Recent year‑over‑year changes show some uptick, so prudent operators may prioritize lighting, access control, and resident engagement to maintain stability.
At the metro level, this neighborhood performs near the middle of the pack, which supports day‑to‑day operations without signaling outsized risk. Framing safety with clear on‑site practices and vendor partnerships can help preserve leasing momentum.
The investment case centers on durable renter demand, strong amenity access, and value‑add potential. Based on CRE market data from WDSuite, the neighborhood leads the metro in overall rating and offers nationally competitive access to daily services. The asset’s 1984 construction suggests scope for targeted renovations to improve competitive standing versus newer stock while supporting occupancy stability.
Within a 3‑mile radius, projected increases in households and a sizable 18–34 renter pool point to a larger tenant base over the next cycle. Elevated home values relative to incomes reinforce sustained use of multifamily housing, while mid‑range occupancy and manageable rent levels support steady operations with attention to pricing, renewals, and unit turns.
- Metro‑leading neighborhood rating with nationally strong amenity access supports leasing and retention.
- 1984 vintage creates clear value‑add and capital planning pathways to lift performance versus newer stock.
- 3‑mile household growth and a large 18–34 cohort expand the renter pool, aiding occupancy stability.
- Higher ownership costs relative to income sustain reliance on rentals, supporting pricing power and renewals.
- Risks: older systems and mid‑range occupancy require disciplined capex, asset management, and affordability monitoring.