| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 45th | Fair |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4235 Highway 377 S, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 2005 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4235 Highway 377 S, Brownwood TX Multifamily Opportunity
Stabilization and renter demand are supported by a growing household base within a 3-mile radius, according to WDSuite’s CRE market data, while the property’s 2005 vintage suggests practical value-add potential versus newer nearby stock.
This rural Brownwood neighborhood carries a B+ rating and ranks 7th out of 21 neighborhoods in the metro—competitive among Brownwood neighborhoods—offering investors a balanced backdrop for workforce-oriented rentals. Neighborhood occupancy trends are softer than many investors target, indicating the need for attentive leasing and operations to support stability.
Livability is modest but functional: parks access scores above many areas regionally, while daily conveniences like groceries are present but limited; cafes, restaurants, and pharmacies are sparse. These patterns are typical of rural submarkets and suggest residents rely on auto access to larger retail nodes. For underwriting, this supports a value proposition centered on convenience and price rather than premium amenity-driven rent.
Within a 3-mile radius, households have increased in recent years and are projected to grow further, even as average household size trends down. That combination points to a larger tenant base comprised of smaller households, which can support demand for 1–2 bedroom units and occupancy stability over time. Renter-occupied housing within 3 miles is roughly in line with owners, indicating a meaningful renter concentration that helps sustain leasing velocity.
Ownership costs in the neighborhood remain comparatively accessible based on home values, which can introduce competition with entry-level ownership; however, rent-to-income ratios trend near mid-range levels, suggesting manageable affordability pressure and potential pricing power with careful lease management. The property’s 2005 construction is slightly older than the neighborhood’s average (2008), creating a practical value-add or modernization angle to enhance competitive positioning without overbuilding amenities—an approach aligned with disciplined commercial real estate analysis.
Current WDSuite datasets do not provide neighborhood-specific crime metrics for this area. In practice, investors typically benchmark city and county trendlines and compare them to peer rural Texas markets to gauge relative safety and potential operating implications (tenant retention, insurance costs, and on-site security protocols). Absent granular figures, a prudent approach is to corroborate conditions through multiple sources and time horizons before final underwriting.
4235 Highway 377 S is a 76-unit, 2005-vintage asset that fits a workforce housing thesis in a rural Brownwood location. Household growth within a 3-mile radius and a renter base that is comparable in scale to owners indicate depth for tenant demand. According to CRE market data from WDSuite, neighborhood occupancy runs softer, so execution will matter; pairing disciplined operations with selective upgrades can help the asset compete against slightly newer local stock while maintaining a clear price-to-value story.
Home values point to a relatively accessible ownership market, which may create competition at certain rent levels. Even so, mid-range rent-to-income dynamics and projected increases in households suggest steady leasing potential if rents remain aligned with local incomes. Given the 2005 vintage, targeted renovations (interiors, systems refresh, and curb appeal) represent the most direct path to improve retention and support incremental rent gains without overextending capital plans.
- 3-mile household growth and smaller household sizes support a broader renter pool and steady leasing.
- 2005 vintage offers straightforward value-add potential versus the neighborhood’s slightly newer average stock.
- Mid-range rent-to-income profile suggests room for measured rent optimization with prudent lease management.
- Risk: Softer neighborhood occupancy requires hands-on operations and conservative underwriting.
- Risk: Accessible ownership options may compete at entry-level rents; positioning and renovations should emphasize value.