| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 37th | Poor |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1331 Harvey Mitchell Pkwy S, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1331 Harvey Mitchell Pkwy S, College Station Multifamily Opportunity
Renter concentration is high and household growth within 3 miles is expanding, supporting a deep tenant base even as neighborhood occupancy trends require proactive leasing, according to WDSuite’s CRE market data.
Located in an Inner Suburb of College Station, the neighborhood rates B- and is above the metro median for amenities access, with grocery coverage competitive among local peers but limited cafes, parks, childcare, and pharmacies. Median asking rents in the neighborhood track near national midrange, while neighborhood occupancy sits below the metro median, suggesting operators should plan for steady leasing efforts and targeted retention programs.
Vintage matters here: the submarket’s average construction year skews newer (2004), while this property was built in 1984, pointing to potential value-add through interior updates and systems modernization to remain competitive versus newer stock. Average unit sizes are large for a 40-unit asset, which can appeal to households seeking more space and support lease retention when paired with thoughtful amenity upgrades.
Tenure data indicates a very high share of renter-occupied housing units in the neighborhood (top percentile nationally), signaling depth in multifamily demand and a broad leasing funnel. At the same time, neighborhood-level rent-to-income and income metrics point to affordability pressure, so disciplined rent management and resident retention strategies are important to sustain occupancy.
Within a 3-mile radius, population has grown and is projected to continue rising, with households increasing more quickly than population—expanding the renter pool and supporting occupancy stability. The area also shows a very high share of adults with bachelor’s degrees (top percentile nationally), which can underpin consistent rental demand near College Station’s educational and service employment base. These dynamics, based on commercial real estate analysis from WDSuite, suggest resilient baseline demand with sensitivity to price positioning.
Neighborhood safety signals are mixed. The area’s crime rank sits in the lower half of the 93 College Station-Bryan metro neighborhoods, indicating comparatively higher incident levels locally. However, on national comparisons the neighborhood trends near the middle, and recent year-over-year shifts show double-digit declines in both property and violent offense rates, an improvement pace that outperformed many areas nationwide according to WDSuite.
Investors should interpret this as a submarket where prudent on-site measures and resident engagement can matter for retention, while the improving trajectory reduces headline risk relative to prior periods.
This 40-unit, 1984-vintage asset in College Station sits in a highly renter-oriented neighborhood, with large average floor plans that can support leasing to space-seeking households. While neighborhood occupancy tracks below the metro median, the 3-mile area shows ongoing population growth and a faster rise in households—factors that expand the tenant base and help sustain absorption. According to CRE market data from WDSuite, the property’s older vintage versus the submarket’s newer average points to value-add potential via targeted renovations and operational improvements to defend pricing and reduce downtime.
Renter concentration is a strength, but income levels and rent-to-income dynamics call for careful pricing and renewal management. Limited neighborhood amenities beyond groceries suggest on-site features and unit upgrades can be differentiators, particularly against newer competitive stock.
- Deep renter pool supports leasing velocity and renewals
- 1984 vintage versus newer local stock creates value-add and repositioning upside
- 3-mile population and household growth expand the tenant base and support occupancy stability
- Large average unit sizes can enhance retention and appeal relative to smaller comps
- Risk: Neighborhood occupancy sits below metro median and affordability pressure necessitates disciplined rent management