| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 45th | Good |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3501 Rhodes Rd, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3501 Rhodes Rd, Brownwood TX — Multifamily Value-Add Potential
Neighborhood fundamentals point to steady renter demand and competitive occupancy, according to WDSuite’s CRE market data, with a renter-occupied housing share that supports a consistent tenant base in this Inner Suburb pocket of Brownwood.
The property sits within an Inner Suburb neighborhood rated A- and ranked 4th of 21 in the Brownwood metro—top quartile locally—signaling comparatively strong livability and rental dynamics for this market, based on CRE market data from WDSuite. Neighborhood occupancy is recorded at 88%, placing it competitive among Brownwood neighborhoods (ranked 6th of 21) and supportive of leasing stability.
Renter-occupied housing accounts for an estimated 41.2% of neighborhood units (3rd of 21; top quartile locally and 81st percentile nationally). For investors, this indicates depth in the tenant pool and potential for consistent absorption alongside existing stock. Median contract rents remain on the lower side relative to national levels, which can bolster retention and limit turnover-driven vacancy risk, though it may temper near-term pricing power.
Within a 3-mile radius, the population increased modestly over the last five years while households rose more notably and average household size edged lower. Looking ahead, forecasts point to relatively stable population alongside a further increase in households and smaller household sizes—conditions that can translate to a larger renter pool and support occupancy stability for well-managed assets. School ratings trend above the national median for comparable neighborhoods, which can aid family-oriented renter demand.
Amenities are modest in density, but park access and pharmacies test above national medians for similar neighborhoods, adding day-to-day convenience. Median home values are lower than many U.S. markets, which can introduce some competition from ownership; however, the neighborhood’s rent-to-income ratio is manageable, suggesting affordability pressure is limited and lease retention may benefit as a result.
Neighborhood-level crime metrics were not available in WDSuite for this specific area at the time of publication. Investors typically benchmark safety using city and county trend data, property-level incident histories, and discussions with local stakeholders as part of standard diligence.
Employer proximity data with verified distances was not available for this location in WDSuite at the time of publication. Investors often assess commute sheds, healthcare and education anchors, and public-sector employment as part of local demand diligence.
Built in 1983, the asset is older than the neighborhood’s average construction vintage, creating clear value-add and capital planning angles. The surrounding neighborhood ranks top quartile among 21 Brownwood neighborhoods, with competitive occupancy and a renter-occupied share that supports a reliable tenant base. According to WDSuite’s commercial real estate analysis, rent levels are comparatively accessible versus national benchmarks, which can aid retention and stabilize cash flow, though it may constrain near-term rent growth.
Within a 3-mile radius, recent gains in households alongside declining household size point to a larger pool of smaller renting households over the next few years, a setup that generally supports leasing velocity for functional unit mixes. Lower local home values can present some competition from ownership; however, a manageable rent-to-income backdrop suggests pricing can be tuned for retention while targeted renovations capture incremental demand.
- Competitive neighborhood: top quartile rank (4th of 21) supporting demand visibility
- Renter depth: high renter-occupied share bolsters tenant base and occupancy stability
- Value-add angle: 1983 vintage offers renovation and systems-upgrade upside
- Affordability supports retention: accessible rents relative to incomes help reduce turnover
- Risk: lower home values may increase competition from ownership alternatives