| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 43rd | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 N Jackson Ave, Odessa, TX, 79761, US |
| Region / Metro | Odessa |
| Year of Construction | 1974 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 N Jackson Ave Odessa 21-Unit Value-Add Multifamily
Positioned for workforce housing demand with neighborhood occupancy in the high-80% range and a renter-occupied share in the mid-40s, according to WDSuite s CRE market data.
Located in an Inner Suburb of Odessa, this neighborhood rates below the metro median overall (ranked 33 of 39 neighborhoods), yet it offers stable renter fundamentals that matter for small multifamily. Neighborhood occupancy is in the high-80% range, a level that can support steady leasing, and median asking rents sit near the middle of the U.S. distribution, per commercial real estate analysis from WDSuite. All occupancy references are for the neighborhood, not the property.
Renter-occupied housing comprises roughly the mid-40% share of units locally, placing the area in a higher renter concentration nationally (above the 80th percentile). For investors, that points to a meaningful tenant base and practical depth for 1–2 bedroom product.
Livability signals are mixed. Restaurant density is comparatively stronger than many areas (around the 70th national percentile), while other day-to-day amenities such as cafes, groceries, parks, and pharmacies are limited within the immediate neighborhood. Average school ratings are competitive within the metro (ranked 1 of 39 neighborhoods) and modestly above the national median, which can aid retention for family-oriented tenants.
Within a 3-mile radius, the population has contracted over the last five years while household counts have edged higher and average household size has declined. This pattern suggests smaller households and a renter pool that is reshaping rather than expanding, which can still support occupancy stability for well-managed, appropriately priced units. Home values are relatively low for owners in market context, which can introduce some competition with entry-level ownership; however, moderate rents and practical unit mixes typically help maintain leasing velocity and renewals.
Vintage context: the property was built in 1974, newer than the neighborhood s average housing stock (mid-1960s). That positioning can offer a relative edge versus older local inventory, while still warranting targeted updates to exterior systems and interiors to sustain competitiveness.
Safety indicators trend mixed. Relative to U.S. neighborhoods overall, crime levels sit below the national median (around the low-40s percentile), and within the Odessa metro the area performs below the metro median (crime rank 25 out of 39 neighborhoods). Importantly, violent offense rates have improved year over year, with a notable downward trend that indicates conditions are moving in a favorable direction.
For underwriting, interpret these as neighborhood-level indicators rather than block-specific guarantees. Investors often focus on on-site lighting, access control, and tenant screening to complement the broader trend improvements noted by WDSuite s data.
The submarket s employment base spans energy, healthcare, and trade-related services, supporting workforce housing demand and commute-friendly leasing dynamics for small multifamily assets.
This 21-unit asset offers durable renter demand fundamentals in an Inner Suburb location where neighborhood occupancy is in the high-80% range and the renter-occupied share sits in the mid-40s. Built in 1974, it is newer than much of the surrounding housing stock, which can enhance competitiveness versus older nearby assets while leaving room for targeted value-add to drive rent differentiation. According to CRE market data from WDSuite, restaurant access is comparatively better than other amenities locally, average school ratings are strong within the metro, and safety indicators have trended in a positive direction year over year.
Counterbalancing considerations include softer overall neighborhood ranking within the metro, limited non-restaurant amenities, and a broader 3-mile pattern of population decline even as household counts rise, implying smaller households rather than outright growth. Pricing, unit mix, and selective renovations should be aligned to workforce tenants to support occupancy stability and lease retention.
- Renter demand depth: higher renter concentration locally supports consistent leasing.
- Relative vintage edge: 1974 construction is newer than neighborhood average, enabling competitive positioning with targeted updates.
- Operational stability: neighborhood occupancy in the high-80% range supports steady cash flow potential (neighborhood metric).
- Demand drivers: stronger restaurant density and above-metro school ratings aid tenant retention.
- Risks: below-metro overall ranking, limited broader amenities, and regional population contraction warrant conservative underwriting.