| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 47th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Pueblo St, Odessa, TX, 79761, US |
| Region / Metro | Odessa |
| Year of Construction | 1974 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Pueblo St Odessa Multifamily Investment Opportunity
Renter demand is supported by an above-average renter-occupied share and solid neighborhood incomes, according to WDSuite’s CRE market data, while occupancy trends sit below the metro median and warrant active lease management.
This Inner Suburb location in Odessa offers everyday convenience more than lifestyle flair. Grocery access is competitive among 39 Odessa neighborhoods (top quartile locally), and restaurants are similarly competitive, but parks, pharmacies, and cafes are limited. For family-oriented renters, childcare availability ranks near the top locally, while public school ratings trend below national averages.
From an investment perspective, the neighborhood’s occupancy level is below the metro median among 39 Odessa neighborhoods, indicating the need for proactive leasing and resident retention. At the same time, the renter-occupied share sits above the metro median and in the top quartile nationally, signaling a meaningful tenant base for multifamily product rather than a primarily ownership-driven area.
Income profiles are a relative strength: household incomes are above national norms, and neighborhood rent-to-income readings point to lower affordability pressure for tenants, which can support retention and steadier collections. Home values are around the national midpoint, so ownership is more accessible than in high-cost markets; investors should plan for some competition from entry-level ownership options when setting rents and renewal strategies.
Within a 3-mile radius, recent years show slight population softening alongside growth in the number of households—an indicator of smaller household sizes and a gradually expanding renter pool. Forward-looking data suggests modest population growth and rising household incomes over the next few years, which supports occupancy stability and measured rent growth for well-managed assets.
Safety metrics are mixed but improving. The neighborhood’s overall crime positioning is competitive among 39 Odessa neighborhoods and sits around the middle of national comparisons. According to CRE market data from WDSuite, both violent and property offense rates have declined over the last year, improving faster than many neighborhoods nationally, though current violent crime levels still trail stronger national comparables. For investors, this combination points to manageable risk with ongoing monitoring of trends.
For a 31-unit asset at 1000 Pueblo St, the investment case centers on a solid renter base, above-average local incomes, and grocery/restaurant convenience, balanced against below-median metro occupancy and limited lifestyle amenities. According to CRE market data from WDSuite, the neighborhood’s renter concentration is above the metro median and top quartile nationally, supporting depth of tenant demand, while ownership costs near national midpoints introduce some competitive pressure from entry-level buying.
Household counts within a 3-mile radius have increased even as population edged down, implying smaller households and a broader renter pool. With incomes trending higher and childcare availability strong locally, well-executed leasing, renewals, and targeted unit upgrades can translate into steadier occupancy and pricing power, provided underwriting reflects the area’s occupancy and amenity limitations.
- Renter demand: above-median renter-occupied share and competitive local amenities support a stable tenant base.
- Income strength: higher neighborhood incomes and manageable rent-to-income ratios aid collections and retention.
- Operational upside: proactive leasing and selective upgrades can improve performance as households grow and incomes rise within 3 miles.
- Risks: below-median metro occupancy, limited parks/schools appeal, and competition from accessible ownership require disciplined underwriting.