| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 59th | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 N Orange St, Alpine, TX, 79830, US |
| Region / Metro | Alpine |
| Year of Construction | 1983 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
801 N Orange St Alpine Multifamily Investment
Neighborhood-level occupancy has trended higher in recent years, suggesting steady renter demand in Alpine, according to WDSuite’s CRE market data. This location offers stable fundamentals for smaller-format units, with pricing power tied to local employment and housing dynamics.
The property sits in an Inner Suburb neighborhood that WDSuite rates B+, ranked 1st among 8 neighborhoods in Brewster County. Neighborhood occupancy is measured at the neighborhood level and is currently healthy with a multi‑year upward trend, positioning the asset for relatively stable leasing and renewals versus many rural Texas submarkets.
Daily-needs access is solid for a small market: grocery, pharmacy, and cafes test above national midpoints (national percentiles around the mid‑60s to low‑70s), supporting resident convenience and retention. Average school ratings are above the national median as well, which can aid leasing to households prioritizing basic education quality.
Within a 3‑mile radius, demographic patterns indicate a largely steady population with smaller average household sizes. That profile aligns with compact floorplans and suggests a durable tenant base for studios and smaller one‑bedroom units, reinforcing occupancy stability for a community with an average unit size near 345 sq. ft.
Ownership costs in the neighborhood are elevated relative to incomes by national standards (value-to-income in a higher national percentile), which tends to sustain rental demand. At the same time, rent-to-income levels track closer to sustainable ranges, reducing near-term lease management pressure and supporting resident retention. Together, these dynamics are constructive for multifamily property research focused on smaller markets.
Renter-occupied share is measured at the neighborhood level and is materially present (about mid‑40s), indicating meaningful renter concentration and a reasonably deep tenant pool for this asset size. Compared with many counties of similar scale, that level of renter presence supports ongoing absorption and mitigates volatility in turnover cycles.
Comparable neighborhood crime data is not available in WDSuite for this specific location, so no rank or national percentile can be cited. Investors typically contextualize safety by reviewing county and city trends, property-level incident logs, and insurer feedback during diligence to benchmark against regional norms.
Given the absence of ranked data, treat safety as a standard underwriting item: verify recent trend direction, compare against nearby neighborhoods, and incorporate any findings into rent growth and renewal assumptions without overreliance on anecdotal evidence.
Built in 1983, the 64‑unit community offers an opportunity to compete on livability and convenience in Alpine’s top‑ranked neighborhood, with potential value‑add through targeted interior and systems upgrades typical of 1980s construction. Neighborhood occupancy has increased over the past five years and renter concentration is meaningful, pointing to a durable tenant base and relatively steady cash flow, based on CRE market data from WDSuite.
Smaller household sizes within a 3‑mile radius align with the property’s compact average unit size, supporting sustained demand for efficient floorplans. Ownership is comparatively high-cost versus local incomes by national benchmarks, which tends to keep households in rental, while neighborhood rent burdens remain closer to sustainable ranges—favorable for retention and pricing discipline. Key risks include the depth of a small-market renter pool and standard capital planning for 1980s vintage assets.
- Neighborhood occupancy strength and rising trend support stable leasing
- 1983 vintage allows targeted renovations for value-add and system upgrades
- Smaller 3‑mile household sizes align with compact unit mix for consistent demand
- Elevated ownership costs versus incomes reinforce reliance on rental housing
- Risks: small-market depth and diligence on safety data and capital needs