| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 59th | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 E Sul Ross Ave, Alpine, TX, 79830, US |
| Region / Metro | Alpine |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
901 E Sul Ross Ave Alpine Value-Add Multifamily Opportunity
Neighborhood occupancy has trended higher with stable renter demand, according to WDSuite’s CRE market data, suggesting a steady tenant base near campus and services. Note: occupancy and renter share are measured at the neighborhood level, not the property.
Located in Alpine, Texas, the neighborhood surrounding 901 E Sul Ross Ave shows balanced livability for workforce renters with everyday conveniences nearby. Amenity access, including groceries, parks, pharmacies, and childcare, ranks near the top of the metro (1st of 8 neighborhoods), signaling practical appeal for residents and supporting day-to-day leasing stability.
Neighborhood occupancy is 91.3% with a five-year improvement, ranking 1st of 8 — competitive among Brewster County neighborhoods and indicative of steady leasing conditions. The share of housing units that are renter-occupied is 44.6% (2nd of 8), pointing to a meaningful renter concentration and a reliable tenant pool for multifamily. These are neighborhood metrics and not property-specific occupancy.
Within a 3-mile radius, population is roughly steady over five years with smaller average household sizes (1.9 and trending down), which can favor demand for studios and one-bedrooms. Median household income sits on the lower side relative to national peers, so rent positioning should emphasize attainability and retention rather than top-end premiums.
Home values are elevated versus local incomes (value-to-income ranks 2nd of 8; stronger than many U.S. neighborhoods by national percentile), which can reinforce reliance on rental housing and help sustain renter demand. Average school ratings are above the metro median (1st of 8; national performance above the midline), an additional quality-of-life factor that supports leasing decisions. Everyday services score in the upper national percentiles for amenities like cafes, groceries, and parks, and overall neighborhood rating sits in the B+ range — a constructive backdrop for long-term multifamily performance based on commercial real estate analysis.
Comparable, neighborhood-level safety data for this area is limited in WDSuite for the most recent period. Investors commonly benchmark safety by reviewing multi-year trends and comparing this neighborhood to other Inner Suburb areas in the county and broader region. Use consistent, like-for-like sources and avoid property-level conclusions from regional figures.
Practical underwriting steps include reviewing historical trend lines, confirming any recent shifts with local stakeholders, and aligning on comparable submarkets for context. This approach helps frame risk without relying on block-level assumptions.
Built in 1984, this 24-unit asset presents clear value-add and capital planning angles: systems may warrant modernization, and light-to-moderate renovations could sharpen competitiveness against older local stock. Neighborhood data points to stable renter demand — occupancy is high and improving at the neighborhood level, and a material share of units are renter-occupied — while home values relative to incomes indicate that renting remains a practical choice for many households, supporting tenant retention. According to CRE market data from WDSuite, amenities and services rank near the top of the metro, reinforcing livability advantages that aid leasing.
Demographics within a 3-mile radius show a steady population base with smaller household sizes, aligning with the property’s likely studio/one-bedroom mix (average unit size about 470 square feet). Rent levels in the neighborhood skew attainable with moderate rent-to-income, which can help sustain occupancy and mitigate turnover risk, though income constraints suggest disciplined rent growth assumptions and careful lease management.
- Neighborhood occupancy strength and improving trend support leasing stability (neighborhood metric, not property).
- 1984 vintage offers value-add potential via targeted renovations and system upgrades.
- Elevated ownership costs relative to incomes bolster renter reliance, aiding retention.
- Steady population and smaller households within 3 miles expand the renter pool for smaller units.
- Risks: modest local incomes and small-market depth require prudent rent growth and marketing assumptions.