| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 25th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 332 Independence Dr, Port Lavaca, TX, 77979, US |
| Region / Metro | Port Lavaca |
| Year of Construction | 2013 |
| Units | 90 |
| Transaction Date | 2025-12-05 |
| Transaction Price | $1,330,000 |
| Buyer | ROOSEVELT PARK APARTMENTS LP |
| Seller | TGO INDEPENDENCE VILLAGE LP |
332 Independence Dr Port Lavaca Multifamily Opportunity
Neighborhood occupancy runs at the top of the local range, supporting stable leasing conditions according to WDSuite’s CRE market data. This newer asset profile positions the property to compete for demand in a largely older housing stock.
Port Lavaca’s neighborhood context here carries an A rating and ranks 2 of 11 in the metro, placing it in the top quartile locally. Housing fundamentals test strong nationally (top quartile), and neighborhood occupancy trends sit at the high end of the distribution, indicating resilient demand that can underpin retention and pricing discipline.
The asset’s 2013 vintage is newer than the neighborhood’s average construction year of 1985. For investors, the newer build can translate to competitive positioning versus older stock and a more predictable near-term capital plan, while still leaving room for targeted upgrades as systems age or to support a light value‑add strategy.
Amenity access is mixed. Within the metro, this area scores competitively (ranked 2 of 11) with decent proximity to groceries and parks relative to national peers, while cafes and pharmacies are thinner. School ratings trend below national norms, which may moderate appeal to family renters and should be reflected in leasing strategy and unit mix planning.
Tenure patterns suggest a workable renter base: roughly four in ten neighborhood housing units are renter‑occupied, indicating meaningful multifamily demand depth. Demographic statistics aggregated within a 3‑mile radius show modest population softening in recent years but a net increase in households and projections for household growth with smaller average household sizes, which can expand the renter pool and support occupancy stability. Rents have risen over the past five years and are projected to continue increasing, per WDSuite’s multifamily property research, reinforcing the case for disciplined revenue management.
Comparable crime benchmarks for this specific neighborhood are not available in WDSuite for rank or percentile comparison. Investors typically contextualize safety by reviewing city and county trend data alongside property-level measures such as lighting, access control, and management practices, and by comparing against nearby neighborhoods in the Port Lavaca metro.
The employment base within commuting reach includes distribution and logistics, which can support workforce housing demand and lease retention for residents with regional commute patterns. The list below reflects nearby anchors mentioned in WDSuite and relevant to renter demand.
- Performance Food Group — food distribution (24.0 miles)
This 90‑unit, 2013-vintage community benefits from neighborhood occupancy at the top of local rankings and housing fundamentals that score well nationally. The newer construction relative to the area’s 1980s average should aid competitive positioning against older product and support a measured capital plan, with selective upgrades available to drive rent premiums. According to commercial real estate analysis from WDSuite, the surrounding 3‑mile area shows household growth projections and smaller household sizes, both of which can enlarge the renter pool and reinforce leasing stability.
Amenities are serviceable but not dense, and school ratings lag national norms, implying a focus on value, maintenance reliability, and unit features over proximity amenity premiums. With rents trending upward and homeownership skew higher in the broader area, sustained reliance on rental options can support occupancy and steady absorption for well-managed assets.
- Strong neighborhood occupancy and top-quartile housing fundamentals support stable cash flow potential
- 2013 construction offers competitive positioning versus older local stock with targeted value‑add upside
- 3‑mile household growth outlook and smaller household sizes expand the renter base and support leasing
- Directionally rising rents enable disciplined revenue management relative to local incomes
- Risks: thinner amenity density and below‑average school ratings may temper family demand; maintain competitive unit finishes and service quality