| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 40th | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1041 N Patrick St, Dublin, TX, 76446, US |
| Region / Metro | Dublin |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1041 N Patrick St Dublin, TX Multifamily Opportunity
Renter affordability is a relative strength here, supporting lease retention even as the neighborhood s occupancy trends below metro norms, according to WDSuite s CRE market data.
Dublin sits within the Stephenville, TX metro and reflects a Rural neighborhood profile with modest amenity density. Amenity access is competitive among 19 Stephenville neighborhoods, while cafes and pharmacies are sparse at the block level . Grocery and park access track near the metro middle, reinforcing basic livability for workforce renters.
Neighborhood schools stand out: the average rating ranks first among 19 metro neighborhoods and sits in the top quartile nationally. For investors, stronger school options can aid family-oriented demand and support retention, especially for smaller properties that rely on steady leasing rather than rapid turnover.
Multifamily fundamentals are mixed. The neighborhood occupancy rates trend below the metro median (ranked in the lower tier locally), suggesting the need for disciplined leasing and competitive finishes. At the same time, the rent-to-income ratio is strong on a national basis, indicating lower affordability pressure that can support lease stability and thoughtful rent growth management. Note that renter-occupied share is relatively low in the neighborhood and within a 3-mile radius, signaling a smaller—but still serviceable—tenant base.
Vintage context matters: the average construction year nearby skews early 1970s, while this asset was built in 1988. That relative youth can offer a competitive edge versus older stock; however, systems from the late 1980s may benefit from targeted modernization to enhance durability and operating efficiency.
Demographic statistics within a 3-mile radius show recent population and household contraction, but forward-looking datasets point to potential stabilization and expansion. For investors, any renter pool expansion would support occupancy, while current affordability dynamics already underpin retention. These observations are based on CRE market data from WDSuite and should be paired with on-the-ground leasing intel.
Comparable neighborhood-level crime data are not available in WDSuite for this location. Investors typically benchmark safety by reviewing city, county, and metro trends and corroborating with property-level records and management reports. Given the rural context, use a comparative lens rather than block-level assumptions, and incorporate third-party verification during due diligence.
Built in 1988, this 24-unit asset is newer than much of the surrounding housing stock, providing a relative competitiveness edge against older properties while leaving room for selective renovations to drive appeal and operating resilience. Neighborhood occupancy trends below the metro median warrant hands-on leasing management, but renter affordability is favorable, which can support retention and pragmatic pricing power over a hold period, based on CRE market data from WDSuite.
Within a 3-mile radius, recent population and household counts have softened, yet forward-looking datasets indicate potential expansion that would enlarge the tenant base. Strong local school ratings and a serviceable amenity set further support family-oriented demand in a rural setting, while relatively accessible ownership markets imply measured pricing discipline to stay competitive with alternatives.
- 1988 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Favorable rent-to-income dynamics support retention and steady leasing
- Strong school ratings (top locally, top quartile nationally) reinforce family-driven demand
- Rural location with basic amenities; ownership remains accessible, suggesting disciplined rent strategy
- Risks: below-metro neighborhood occupancy and a smaller renter base require active leasing and competitive finishes