| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Good |
| Demographics | 37th | Fair |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1500 Magnolia St, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 1981 |
| Units | 20 |
| Transaction Date | 2025-10-29 |
| Transaction Price | $1,117,200 |
| Buyer | KAEKJ VENTURES LLC |
| Seller | MANN MICHAEL |
1500 Magnolia St, Brownwood TX Multifamily Investment
Neighborhood occupancy trends are competitive within the Brownwood metro and renter concentration supports a durable tenant base, according to WDSuite’s CRE market data.
Positioned in a suburban pocket of Brownwood, the property benefits from a neighborhood rated A- and ranked 6th out of 21 metro neighborhoods — competitive among Brownwood, TX neighborhoods. Local occupancy performance ranks 4th of 21, placing it in the top quartile across the metro, a positive indicator for near-term leasing consistency.
Daily-needs access is adequate, with grocery and pharmacy availability ranking in the top quartile locally (both top 4 of 21), while restaurants are relatively accessible (3rd of 21). However, cafes and parks are sparse in this immediate area, which may modestly limit lifestyle appeal relative to larger metros. School quality is a relative strength, with the neighborhood’s average school rating at the top of the metro (1st of 21), a factor that can support tenant retention for family-oriented renters.
The asset’s 1981 vintage is older than the neighborhood’s average construction year (1994), pointing to potential capital planning needs and value-add/modernization opportunities to remain competitive against newer stock. Renter-occupied housing units account for roughly one-third of neighborhood stock (about 34%), indicating a meaningful renter concentration that supports depth of tenant demand rather than reliance on a thin leasing pipeline.
Within a 3-mile radius, demographic statistics show a modest population contraction in recent years but growth in household counts, implying smaller household sizes. Forward-looking estimates point to an increase in both population and households, expanding the renter pool and supporting occupancy stability. Median contract rents in the neighborhood remain comparatively accessible, and the rent-to-income ratio near 0.17 suggests manageable affordability pressure — a dynamic that can aid lease retention and measured rent growth management.
Home values are relatively low versus national norms, which can introduce some competition from ownership options. For multifamily investors, this typically favors product that differentiates on convenience, professional management, and move-in readiness, while keeping pricing power balanced with retention goals.
Comparable crime statistics at the neighborhood level are not available in the current WDSuite dataset for this location. Investors should benchmark property security measures and management practices against regional norms and insurer guidance, and monitor citywide trend reports for directional context rather than relying on block-level assumptions.
This 1981-vintage, small-scale multifamily asset sits in a Brownwood neighborhood that is competitive within the metro (6th of 21) with top-quartile local occupancy performance. The combination of a meaningful renter concentration and improving household trends within a 3-mile radius suggests a stable tenant base, while relatively accessible rents and a moderate rent-to-income profile support lease retention. According to CRE market data from WDSuite, nearby daily-needs access (grocery and pharmacy) and leading school ratings strengthen the submarket’s fundamentals.
Given its older vintage relative to the area’s average construction year, the property may benefit from targeted capital improvements to enhance competitiveness versus newer stock. Ownership affordability in the area is relatively accessible, so positioning on convenience and professional management can help sustain demand and pricing discipline while mitigating competition from entry-level ownership.
- Competitive neighborhood standing with top-quartile local occupancy supports leasing stability
- Renter concentration and projected household growth (3-mile radius) point to sustained tenant demand
- Daily-needs access and strong school ratings aid retention and marketability
- Value-add potential due to 1981 vintage; targeted upgrades can improve competitive positioning
- Risk: Lower home values may introduce competition from ownership; focus on service and convenience to preserve pricing power