| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 58th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 Welsh Ave, College Station, TX, 77845, US |
| Region / Metro | College Station |
| Year of Construction | 1981 |
| Units | 60 |
| Transaction Date | 2025-03-06 |
| Transaction Price | $6,630,050 |
| Buyer | DOUG ENTERPRISES LLC |
| Seller | 2401 WELSH PARTNERS LLC |
2401 Welsh Ave College Station Multifamily Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and strong daily-needs access, according to WDSuite’s CRE market data. Amenity density and a growing 3-mile household base point to durable leasing fundamentals even as operators should monitor local occupancy trends.
The property sits in an Inner Suburb pocket of College Station-Bryan ranked A, placing it competitive among College Station-Bryan neighborhoods (8th of 93) with solid amenity access. Grocery, restaurant, park, and pharmacy availability score in the upper national percentiles, supporting daily convenience and resident retention for workforce and student-oriented renter segments.
Neighborhood tenure skews renter-occupied, with a renter concentration that is well above metro medians (91st percentile nationally). For investors, that depth of renter households provides a broader tenant base and supports leasing velocity, though it also means local supply shifts can influence concessions and renewal strategy.
The asset’s 1981 vintage is older than the neighborhood’s average (1993). This typically points to value-add potential through targeted renovations and systems upgrades, alongside thoughtful capital planning to maintain competitive positioning against newer product.
Within a 3-mile radius, demographics indicate a sizable young adult cohort and ongoing renter pool expansion: population and households have grown over the last five years, with additional household growth projected. Median contract rents in the 3-mile area have risen, while a neighborhood rent-to-income ratio near 0.17 suggests manageable affordability pressure that can aid renewal rates when paired with disciplined lease management.
Home values in the neighborhood sit in a higher national percentile, reflecting a relatively high-cost ownership market. For multifamily owners, that context can reinforce reliance on rental housing and support tenant retention, but it also requires pricing strategies that balance rent growth with retention risk.
Local schools trend below national medians on average ratings, which is less of a direct constraint for student and young professional demand but can shape unit mix appeal and marketing for family households.
Safety indicators compare favorably to national benchmarks for violent offenses, landing in the top quintile nationwide, and recent data shows a year-over-year decline in violent incidents. Property offense metrics are also better than national averages but have shown a recent uptick, warranting routine security and lighting reviews and coordination with local community resources.
Overall, the neighborhood’s safety profile is competitive among College Station-Bryan areas, with trends that support tenant retention while reminding operators to maintain standard risk management practices. All references reflect neighborhood-level conditions, not property-specific security.
The immediate area benefits from a diversified employment base that supports workforce housing demand and practical commute times for renters. Proximity to education, healthcare, and services employment underpins leasing and renewal potential.
This 60-unit, 1981-vintage property offers a value-add angle in an A-rated Inner Suburb location with strong renter concentration and everyday amenity access. Neighborhood occupancy has softened in recent years, but a large 3-mile renter base, household growth projections, and a high-cost ownership backdrop support demand and renewal potential. According to CRE market data from WDSuite, local rent-to-income levels remain reasonable for calibrated pricing power, particularly when paired with targeted upgrades to differentiate from newer stock.
Forward-looking fundamentals are supported by projected growth in households and income within 3 miles, alongside neighborhood amenity density that aids retention. Execution risk centers on stabilizing occupancy, monitoring property crime fluctuations, and aligning capital improvements with achievable rent premiums.
- High renter concentration and amenity access support a deep tenant base and leasing velocity.
- 1981 vintage enables value-add through interiors/systems, positioning against newer competition.
- 3-mile household growth and rising incomes bolster demand and renewal prospects.
- Pricing power aided by reasonable rent-to-income levels when managed with renewals strategy.
- Risks: softer neighborhood occupancy, recent property offense uptick, and below-median school ratings.