| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 55th | Best |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 109 E Vfw Ln, Odessa, TX, 79762, US |
| Region / Metro | Odessa |
| Year of Construction | 1982 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
109 E Vfw Ln Odessa TX Multifamily Investment
Neighborhood indicators point to a majority renter-occupied housing base and steady occupancy, according to WDSuite’s CRE market data, supporting durable tenant demand for a 26-unit asset. Positioning near core services in Odessa offers practical leasing fundamentals without relying on premium amenity drivers.
This inner-suburb location in Odessa balances everyday convenience with pragmatic investment drivers. Grocery access is comparatively stronger than other local amenities, while cafes, parks, and pharmacies are limited nearby. For investors, this mix suggests reliable day-to-day livability that can sustain demand even without lifestyle-driven premiums.
Neighborhood housing is majority renter-occupied at the unit level, indicating a deep tenant base rather than owner-centric turnover. In plain terms, higher renter concentration at the neighborhood level supports leasing velocity and can help stabilize occupancy through cycles, particularly for workforce-oriented product.
Within a 3-mile radius, recent data show modest household growth and a trend toward smaller household sizes, with projections calling for population and household expansion over the next five years. That forward trajectory points to a larger tenant pool and supports occupancy stability, while rising incomes in the same radius improve the capacity to absorb rent. These dynamics align with multifamily property research signaling that near-term leasing depends more on tenant pool depth than discretionary amenities in this submarket.
Home values in the neighborhood sit below national norms, which can introduce some competition from entry-level ownership. For multifamily investors, the implication is to emphasize value positioning and resident retention strategies over luxury premiums to sustain pricing power and reduce turnover risk.
Vintage and asset positioning
Built in 1982, the property is slightly older than the neighborhood’s average vintage. This typically points to targeted capital planning and selective renovations to remain competitive against newer stock, creating value-add potential through unit upgrades, building systems modernization, and curb appeal improvements.
Comparable neighborhood-level safety metrics are not available in the current WDSuite release for this area. Investors should benchmark property operations and insurance assumptions against Odessa metro peers and prioritize standard precautions such as lighting, access controls, and partnership with local patrol resources to support resident satisfaction and retention.
The investment case centers on a renter-leaning neighborhood, everyday convenience, and a projected expansion of the nearby tenant base. According to CRE market data from WDSuite, neighborhood occupancy has been stable, and the share of renter-occupied units indicates depth of demand suited to a 26‑unit property. The 1982 vintage creates a clear value‑add path: focused interior upgrades and building system refreshes can strengthen competitiveness versus newer assets without overreliance on amenity premiums.
Within a 3-mile radius, population and households are projected to grow, with smaller average household sizes supporting demand for multifamily units. While ownership costs are comparatively accessible locally—implying some competition with entry-level for-sale options—positioning around value, reliable operations, and resident retention can underpin leasing stability.
- Renter-heavy neighborhood supports a deeper tenant pool and consistent leasing.
- 1982 vintage offers tangible value-add via targeted unit and systems upgrades.
- Everyday services nearby bolster livability and help sustain occupancy.
- Projected population and household growth within 3 miles expand the renter pool.
- Risk: Below-national home values can increase ownership competition—prioritize retention and value positioning.