| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 50th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2518 Dartmouth St, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1998 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2518 Dartmouth St College Station Multifamily Investment
Neighborhood fundamentals point to steady renter demand with low-90s occupancy and a high renter-occupied share at the neighborhood level, according to WDSuite’s CRE market data. This positioning supports income stability while allowing for targeted value-add to enhance competitiveness.
Located in an inner-suburb setting of College Station, the neighborhood rates highly overall (A) among 93 metro neighborhoods and is competitive for daily needs. Amenity access trends toward the top quartile locally, driven by strong park and pharmacy proximity and a dense restaurant footprint, while immediate grocery and cafe options are thinner. For investors, this mix typically supports day-to-day livability for residents while leaving room for on-site conveniences to differentiate.
Multifamily metrics at the neighborhood level show occupancy in the low-90s and a pronounced renter concentration (roughly two-thirds of housing units are renter-occupied). That depth of the tenant base supports leasing stability over cycles, though asset-level performance will still hinge on management and product positioning. Median contract rents in the neighborhood have grown over the past five years, indicating demand resilience relative to the metro.
Within a 3-mile radius, demographics indicate a large 18–34 cohort and expanding household counts (+8% over five years), with forecasts pointing to further population and household growth through 2028. This translates to a larger tenant base and prospective renter pool expansion, which can support occupancy and absorption for well-managed properties. Household sizes are projected to trend smaller, reinforcing demand for multifamily units versus larger single-family homes.
Ownership dynamics present a nuanced backdrop: while area home values are lower in absolute terms than many U.S. neighborhoods, value-to-income ratios sit above national norms, suggesting ownership can still be relatively costly versus local incomes. In practice, that sustains reliance on rental housing and can bolster lease retention, though elevated rent-to-income ratios in the neighborhood warrant attentive pricing and renewal management to mitigate affordability pressure.
Safety indicators for the neighborhood are mixed and generally align near the national midpoint, based on CRE market data from WDSuite. Violent incident rates compare favorably to many areas nationwide and have trended down year over year, which is a constructive sign for long-term livability and leasing. At the same time, property crime has been elevated recently, reflecting volatility that investors should factor into security planning, lighting, and resident experience initiatives.
Interpreting these signals at the neighborhood—rather than property—level helps set expectations: conditions are broadly comparable to national averages, with recent property-crime variability that prudent operators can address through standard risk controls and collaboration with local resources.
Built in 1998 with 48 units, the property offers a practical value-add angle in a neighborhood showing stable occupancy and a high renter-occupied share at the neighborhood level. The vintage suggests targeted capital planning—common-area refresh, unit modernization, and systems upgrades—to sharpen competitiveness against slightly newer local stock. According to CRE market data from WDSuite, neighborhood-level rents and occupancy indicate durable renter demand, while a sizable 18–34 population within a 3-mile radius supports leasing velocity for well-positioned product.
Forward-looking demographics within 3 miles point to continued population and household growth through 2028, expanding the renter pool and supporting absorption. Ownership remains relatively costly versus local incomes despite lower absolute home values, which can reinforce reliance on multifamily housing. The primary watchpoints are rent-to-income pressure at the neighborhood level and recent property-crime variability—both manageable with measured pricing, renewals discipline, and operational focus.
- Stable neighborhood occupancy and high renter-occupied share support income durability (neighborhood metrics).
- 1998 vintage presents value-add potential via interior updates and selective system improvements.
- 3-mile demographics show a large 18–34 cohort and continued growth, expanding the tenant base through 2028.
- Ownership costs relative to incomes reinforce rental demand, aiding lease retention and occupancy.
- Risks: neighborhood rent-to-income pressure and recent property-crime volatility require careful pricing and security planning.