| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 27th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 503 Cherry St, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1978 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
503 Cherry St, College Station Multifamily Investment
Renter concentration is high in the surrounding neighborhood, supporting a deep tenant base and consistent leasing, according to WDSuite’s CRE market data. Neighborhood occupancy trends lag metro leaders, so pricing and management discipline remain important.
Located in an inner-suburb pocket of College Station, the neighborhood rates B+ and is competitive among 93 metro neighborhoods (rank 30), offering investors balanced fundamentals with clear levers for operational execution. Restaurants are a standout amenity with density in the top quartile nationally, while parks and pharmacies are also well represented. Cafés and childcare options are limited inside the immediate neighborhood footprint.
Renter-occupied housing is the dominant tenure locally (rank 4 of 93 in the metro), indicating a large renter pool that can support leasing velocity and turnover absorption. Neighborhood occupancy sits below the metro median (rank 67 of 93), signaling the need for active leasing strategies and amenity positioning to sustain performance.
Within a 3-mile radius, the population is sizable and has grown modestly over the past five years, with forecasts pointing to meaningful population and household expansion by 2028. The 18–34 age cohort represents a large share today and remains substantial in the outlook, which typically supports multifamily demand depth and ongoing renter pool expansion.
Median rents in the neighborhood are near the metro mid-range, and grocery access is above the metro median, supporting day-to-day livability. Household incomes in the immediate neighborhood skew low, and rent-to-income ratios are elevated, which calls for attentive lease management and renewal strategies. These dynamics, paired with amenity density in dining, suggest demand is driven by convenience and attainable rent positioning rather than luxury segmentation, aligning with practical commercial real estate analysis for multifamily assets.
Safety outcomes trail national benchmarks in this neighborhood, and conditions are below the metro median (rank 59 of 93). Nationally, the neighborhood sits below average safety percentiles, so prudent security measures and resident engagement can be part of operating plans.
Recent trends are mixed: estimated violent offense rates show a slight year-over-year improvement, while property offense estimates have increased. For investors, this suggests monitoring local trends and coordinating with management on visibility, lighting, and access controls to support resident retention and leasing.
This 64-unit asset sits in a B+ inner-suburb neighborhood with strong renter orientation and robust dining and park access, supporting day-to-day livability and leasing appeal. Neighborhood occupancy trails the metro median, but a large renter base and a substantial 18–34 population within 3 miles point to a durable demand funnel. According to CRE market data from WDSuite, local rents track near the metro mid-range while incomes are modest, implying affordability pressure that warrants disciplined renewals and value-focused amenity positioning.
Forward-looking demographics indicate population and household growth in the 3-mile trade area through 2028, which should expand the tenant base and support occupancy stability if pricing is aligned with renter purchasing power. Overall, the thesis centers on capturing renter demand in a convenience-driven submarket while actively managing affordability and safety considerations.
- Large renter-occupied base supports leasing velocity and depth of demand
- Amenity strengths in restaurants, parks, and pharmacies enhance livability positioning
- Projected 3-mile population and household growth expands the tenant funnel
- Risk: Neighborhood occupancy below metro median requires active leasing and pricing discipline
- Risk: Elevated rent-to-income ratios and below-average safety call for careful renewal and property management strategies