| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 50th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 819 Krenek Tap Rd, College Station, TX, 77840, US |
| Region / Metro | College Station |
| Year of Construction | 2005 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
819 Krenek Tap Rd College Station Multifamily with Stable Renter Base
Neighborhood occupancy trends sit above the metro median and the renter-occupied share is high, supporting leasing durability according to WDSuite’s CRE market data.
Situated in an inner suburb of College Station-Bryan, this neighborhood rates in the top quartile among 93 metro neighborhoods, indicating balanced fundamentals for multifamily investors. Restaurant density and access to parks and pharmacies outperform most neighborhoods locally, while immediate grocery and cafe options are thinner; residents typically draw on broader retail nodes for daily needs. Median contract rents track mid-to-above metro peers over the last five years, and neighborhood occupancy is above the metro median, signaling demand that can support steady operations.
The asset’s 2005 construction is newer than the neighborhood average (2001). That vintage positions it competitively against older stock while still allowing for targeted modernization and systems updates to enhance rents and retention. A high share of housing units are renter-occupied in this neighborhood, indicating depth in the tenant base and potential for consistent leasing, though operators should continue standard renewal and customer-service strategies to manage turnover.
Within a 3-mile radius, households have expanded over the last five years with forecasts calling for additional household growth by 2028. The area skews toward ages 18–34, which can support a reliable renter pipeline and lease-up velocity. Rising household incomes and projected population growth point to a larger tenant base over time, which supports occupancy stability and measured rent growth. Based on commercial real estate analysis from WDSuite, rent-to-income levels warrant proactive affordability management to sustain retention.
For investors, home values are more accessible relative to many U.S. neighborhoods, yet the value-to-income relationship locally suggests ownership remains a stretch for many households. That context can reinforce reliance on multifamily housing and support demand depth, while also requiring disciplined pricing and amenity positioning to balance affordability pressure with revenue goals.
Safety indicators here are around the metro median among 93 neighborhoods and roughly in line with the national middle. Recent trends show violent incidents moving in a favorable direction compared with the prior year, and the neighborhood benchmarks above the national median on violent safety. Property offenses also benchmark above the national median for safety in longer-run comparisons, though the most recent year reflects a notable uptick. Investors should underwrite with routine security measures and monitor trend lines rather than block-level assumptions.
This 48-unit, 2005-vintage asset benefits from a high renter concentration and neighborhood occupancy above the metro median, supporting day-to-day stability. Restaurants, parks, and pharmacies are competitive locally, while limited immediate grocery/cafe density places a premium on convenience features on-site. According to CRE market data from WDSuite, rent levels have trended mid-to-above local benchmarks, and household growth within 3 miles is projected to expand the renter pool — constructive for retention and steady pricing power. Operators should balance revenue initiatives with affordability-aware renewal strategies.
The vintage is newer than the neighborhood average, offering a competitive basis against older stock while leaving room for targeted value-add (interiors, common areas, and systems). Ownership costs relative to income remain elevated enough to sustain multifamily reliance for many households, reinforcing demand depth if management maintains service quality and competitive amenities.
- Above-median neighborhood occupancy and high renter concentration support leasing stability
- 2005 construction offers competitive positioning with selective value-add potential
- Household and population growth within 3 miles expand the tenant base and support demand
- Amenities (restaurants, parks, pharmacies) are strong locally; on-site convenience can offset limited immediate grocery/cafe options
- Risks: affordability pressure (rent-to-income), recent property crime uptick, and competition from newer deliveries