| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 19th | Fair |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 East Ave, Carrizo Springs, TX, 78834, US |
| Region / Metro | Carrizo Springs |
| Year of Construction | 1992 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 East Ave, Carrizo Springs TX Multifamily Investment
Neighborhood occupancy is about 81%, suggesting leasing stability will rely on targeted operations and renter retention, according to WDSuite’s CRE market data. Renter-occupied share is meaningful for a smaller Texas market, indicating a defined tenant base without overreliance on any single demand source.
Located in a suburban pocket of Carrizo Springs, the area scores C+ and ranks 2nd among 4 metro neighborhoods, positioning it above the metro median. Daily-needs access is a relative strength: grocery and pharmacy options are competitive locally and sit above average nationally, which supports day-to-day livability for residents.
Food access is reasonably convenient with restaurants performing well compared to national norms, while café density and park space are limited within the neighborhood. For investors, this mix implies reliable essentials but fewer lifestyle amenities, which can inform positioning and renovation scope toward practical, value-focused finishes rather than premium experiential offerings.
The share of housing units that are renter-occupied is 36.8%, pointing to a moderate renter concentration and a tangible, sustainable tenant base for a 42-unit property. Home values in the area are comparatively low versus national benchmarks, which can increase competition from ownership alternatives; leasing strategies may need to emphasize convenience, flexibility, and minimal move-in costs to sustain retention and pricing.
Construction trends in the neighborhood skew slightly older than the subject’s vintage. With a 1992 build, the property should compare favorably to older stock, yet investors should underwrite ongoing modernization of interiors and common areas to maintain competitiveness while monitoring systems that may be approaching mid-life refresh cycles.
Comparable crime metrics for this neighborhood are not available in WDSuite’s dataset for Dimmit County. Investors typically benchmark property-level experience against county and peer submarkets, and pair third-party reports with management interviews and resident feedback to understand trend direction and any site-specific considerations.
Given the data gap, treat safety as a standard diligence item: evaluate recent trend reports, confirm lighting and visibility on-site, and review any local initiatives that may influence perceptions over the hold period.
Employer proximity data with reliable distances is not available for this address in WDSuite at this time. Investors may wish to validate the primary employment nodes that drive local renter demand and typical commute patterns during diligence.
This 42-unit, 1992-vintage asset aligns with workforce housing demand in a suburban Texas setting. According to CRE market data from WDSuite, neighborhood occupancy sits near 81%, implying that performance will hinge on attentive leasing, resident services, and value-focused upgrades. The tenant base is supported by a moderate renter concentration and strong access to daily-needs retail (grocery and pharmacy), while limited parks and café density suggest positioning around practicality rather than lifestyle premiums.
Low area home values and accessible ownership options can temper pricing power, but they also underscore the role of multifamily as a flexible housing alternative. With mid-1990s construction relative to locally older stock, the property has a competitive starting point; underwriting should include targeted interior refreshes and system maintenance to support retention and modest rent growth where supported by demand.
- 1992 construction offers a competitive edge versus older neighborhood stock, with measured value-add potential.
- Moderate renter concentration supports a defined tenant base and lease-up resiliency for a 42-unit community.
- Daily-needs access (grocery and pharmacy) is a local strength, supporting day-to-day livability and retention.
- Operational upside: occupancy near 81% suggests room to improve through leasing focus and resident experience.
- Risk: comparatively low home values can increase competition from ownership, requiring disciplined pricing and cost control.