| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 60th | Best |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 N East St, Weimar, TX, 78962, US |
| Region / Metro | Weimar |
| Year of Construction | 1984 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
308 N East St Weimar 25-Unit Multifamily Asset
Neighborhood occupancy is solid and trending up, suggesting steady leasing conditions for smaller assets like this one, according to WDSuite’s CRE market data. Investors can underwrite to consistent renter demand while monitoring modest rent levels typical for the area.
Located in a rural pocket of Colorado County, the neighborhood carries an A- rating and performs above the metro median on several fundamentals. Neighborhood occupancy is in the top quartile among 12 metro neighborhoods, indicating comparatively stable leasing conditions versus the broader area. Nationally, it sits around the middle of the pack on overall amenities, but local strengths are concentrated in parks and basic services rather than dense retail.
Schools are a relative bright spot: the average school rating is competitive at the top quartile among 12 metro neighborhoods and in a high national percentile, a factor that often supports renter retention for family-oriented units. Amenity access is mixed—restaurants show competitive coverage among metro peers, while cafes and pharmacies are sparse, consistent with the neighborhood’s rural profile. Grocery options are present but not dense, which is typical for similar low-density markets.
The area’s housing stock skews older than the subject property. With a neighborhood average construction year around the mid-1950s, a 1984 vintage positions the asset as newer than much of the local inventory, which can aid competitive standing; however, investors should still plan for aging systems and selective modernization to meet renter expectations.
Within a 3-mile radius, demographic trends point to a larger tenant base over the past five years and smaller average household sizes, both of which can support multifamily demand and occupancy stability. Home values sit below national midpoints, which can increase competition from ownership options; however, rent-to-income ratios are favorable in this area, suggesting lower affordability pressure that can bolster lease retention even if pricing power remains measured.
Comparable crime metrics at the neighborhood level are not available in the current dataset. Investors should benchmark conditions against city and county sources and evaluate property-level measures (lighting, access control, and visibility) as part of standard diligence. When comparable data is released, use it to assess whether trends are improving relative to regional averages rather than relying on block-level anecdotes.
The local employment base in Colorado County is diversified across small businesses, services, and essential retail typical of rural markets, helping support workforce housing and commute convenience for nearby jobs.
This 25-unit property’s neighborhood shows above-median occupancy performance locally and a newer 1984 vintage relative to nearby housing, which can support leasing stability and competitive positioning with targeted updates. Population growth within a 3-mile radius and a modest renter-occupied share indicate a stable but not oversupplied tenant pool, with retention supported by favorable rent-to-income dynamics. According to CRE market data from WDSuite, schools test well relative to the metro and nationally, a factor that can aid family-oriented demand even as amenity density remains rural.
Counterbalances for underwriting include measured rent levels and more accessible ownership costs in the area, which can temper rent growth and create competition with entry-level homeownership. Overall, the thesis favors stable occupancy and incremental value through operational execution and selective renovations rather than aggressive rent pushes.
- Neighborhood occupancy performs in the top tier locally, supporting steady leasing assumptions.
- 1984 vintage is newer than much of the area’s stock, with room for targeted modernization to enhance competitiveness.
- Within 3 miles, population growth and smaller households expand the renter pool and support stability.
- Favorable rent-to-income ratios suggest lower affordability pressure and potential for retention-focused strategies.
- Risk: lower rent levels and more accessible ownership can limit pricing power, requiring disciplined expense control and asset-specific upgrades.