| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 29th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 609 Turner St, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 1981 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
609 Turner St, College Station Multifamily Opportunity
Neighborhood-level data points to a deep renter base and steady amenity access that supports lease-up and retention, according to WDSuite’s CRE market data. Focus on renter demand depth and location fundamentals rather than outsized rent growth assumptions.
Located in an Inner Suburb of College Station, the neighborhood ranks 20 out of 93 metro neighborhoods (A- rating), indicating competitive positioning locally without relying on premium pricing. Amenity density is a clear strength: restaurants, groceries, and cafés each rank near the top of the metro (e.g., restaurant, grocery, and café access are competitive among College Station-Bryan neighborhoods), which supports day-to-day convenience for residents and strengthens leasing narratives.
Renter-occupied units account for a very high share of neighborhood housing, reinforcing the depth of the tenant base and supporting multifamily demand. Occupancy in the neighborhood has trended up over the past five years, contributing to stability, though current levels sit closer to the metro middle rather than the top tier. Typical contract rents are mid-range locally, helping sustain demand while leaving management to focus on retention and operational execution over headline rent pushes.
Home values in the surrounding area are elevated relative to local incomes (value-to-income indicators are in the top tier nationally), which tends to sustain reliance on rental housing and supports pricing power and lease retention for well-managed assets. At the same time, rent-to-income signals point to affordability pressure for some households, so proactive lease management and targeted concessions when needed may be prudent.
Within a 3-mile radius, demographics skew young with a large 18–34 cohort and modest population growth historically, with forecasts calling for meaningful gains in both population and households over the next five years. This points to a larger tenant base and supports occupancy stability for small-unit product, even as household sizes are expected to edge lower, which can favor efficient floor plans.
The property’s 1981 vintage is slightly older than the neighborhood average stock (mid-1980s), suggesting straightforward value-add potential through unit and system upgrades to improve competitive positioning versus newer supply.
Safety metrics present a mixed but improving picture. Compared with the College Station-Bryan metro, the neighborhood’s crime rank sits closer to the higher-incident side; however, national comparisons place the area in a healthier percentile, indicating it is safer than many neighborhoods nationwide. Importantly, both property and violent offense rates have posted meaningful year-over-year declines, which supports operational planning for resident satisfaction and retention.
For investors, the takeaway is to underwrite standard security and lighting upgrades and maintain engagement with community policing data, while recognizing that national-relative positioning and recent trend improvements help mitigate headline risk.
This 25-unit, small-format asset sits in a renter-dense neighborhood with strong daily-life amenities and an improving safety trendline. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years and the local renter share is among the highest nationally, supporting depth of demand and leasing stability. Elevated ownership costs relative to incomes reinforce reliance on multifamily housing, which can support pricing power for efficiently managed properties.
Built in 1981, the asset is modestly older than the neighborhood average stock, creating a straightforward value-add path through interior updates and targeted building system improvements. Within a 3-mile radius, forecasts indicate growth in both population and households, expanding the renter pool and supporting occupancy and renewal strategies. Balancing this, rent-to-income signals suggest affordability pressure for some residents, so investors should emphasize asset quality, retention programs, and expense discipline over aggressive rent assumptions.
- Renter-dense neighborhood supports demand depth and leasing stability.
- Amenity-rich location (food, groceries, cafés) enhances livability and retention.
- 1981 vintage offers value-add upside via interiors and systems.
- 3-mile forecasts point to a growing renter pool, supporting occupancy.
- Risk: rent-to-income pressure requires disciplined lease and expense management.