| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 53rd | Good |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1505 Park Pl, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1975 |
| Units | 54 |
| Transaction Date | 2016-06-29 |
| Transaction Price | $2,690,600 |
| Buyer | PACIFIC COAST CAPITAL INVESTORS LLC |
| Seller | HT TAOS INC |
1505 Park Pl College Station Multifamily Opportunity
Neighborhood renter demand is durable with high renter concentration and stable occupancy in the immediate area, according to WDSuite’s CRE market data. Positioned near Texas A&M demand drivers, this asset can target consistent leasing while managing affordability and value-add potential.
The neighborhood around 1505 Park Pl ranks 22 out of 93 within the College Station-Bryan metro, indicating it is competitive among College Station-Bryan neighborhoods (A- rating). Neighborhood occupancy is 89.1%, and renter-occupied housing accounts for 79.9% of units, suggesting a deep tenant base that supports leasing stability for multifamily operators. These metrics reflect neighborhood conditions, not the property.
Construction in the area skews newer than this property (average 1995 versus the property’s 1975 vintage). Older vintage can imply capital planning needs but also creates value-add or repositioning angles to compete with newer stock. Median contract rent in the neighborhood trends near the metro middle, while the rent-to-income ratio indicates noticeable affordability pressure, a consideration for renewal strategies and pricing.
Local amenities favor daily needs and dining over parks and cafes. Restaurant density is strong (around the 95th percentile nationally), with grocery and pharmacy access also above national norms, while parks, cafes, and childcare are limited. For investors, this mix tends to support convenience-oriented renters but may reduce lifestyle differentiation tied to green space.
Within a 3-mile radius, demographics show recent population growth and a large 18–34 cohort, with households also projected to expand through 2028. This points to a larger tenant base over time and supports occupancy stability, based on CRE market data from WDSuite. Median home values in the neighborhood are lower relative to national norms, which can introduce competition from entry-level ownership options, so positioning and amenity updates become important to sustain retention.
Safety indicators compare favorably on a national basis. Violent offense metrics sit in the top decile nationwide, and property offense levels are similarly strong relative to U.S. neighborhoods. Recent year-over-year trends point to declining rates, which supports a steadier operating environment for multifamily. These figures describe the neighborhood context rather than the property.
Employer proximity details are not available in WDSuite for this address; investors should consider broader College Station employment anchored by education, healthcare, and services when assessing commute-driven renter demand.
Built in 1975 with 54 units, the property is older than the neighborhood’s average construction year (1995). That age profile can warrant targeted capital improvements, yet it also opens renovation and operational value-add paths to enhance competitiveness and rent positioning. Neighborhood fundamentals show high renter concentration and solid occupancy, supporting demand depth for smaller-format units and steady leasing, according to CRE market data from WDSuite.
The 3-mile area shows population and household growth with a large share of 18–34 residents, reinforcing a sizeable tenant pool. Amenity access leans toward dining, groceries, and pharmacies, which can aid day-to-day convenience. Counterbalancing factors include noticeable rent-to-income pressure and relatively accessible ownership costs locally, implying the need for disciplined pricing, targeted upgrades, and strong management to sustain retention.
- High renter-occupied share and stable neighborhood occupancy support leasing consistency
- 1975 vintage offers value-add and modernization upside versus newer area stock
- 3-mile demographics point to tenant base growth, anchored by a sizable 18–34 cohort
- Convenient access to dining, groceries, and pharmacies supports day-to-day renter needs
- Risk: affordability pressure and entry-level ownership options require disciplined pricing and retention strategy