| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 56th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 E Washington St, Stephenville, TX, 76401, US |
| Region / Metro | Stephenville |
| Year of Construction | 2004 |
| Units | 71 |
| Transaction Date | 2025-07-31 |
| Transaction Price | $7,029,050 |
| Buyer | RIVERWALK TOWNHOMES LLC |
| Seller | AUGUSTA HILLS LP |
1001 E Washington St Stephenville Multifamily Investment
Neighborhood renter concentration is high and supports a durable tenant base, while occupancy trends sit below the metro median, according to WDSuite’s commercial real estate analysis. This positioning favors steady leasing with careful asset management around pricing and renewals.
Located in an Inner Suburb setting of Stephenville, the neighborhood ranks in the top quartile among 19 metro neighborhoods for overall rating (A), signaling competitive livability for workforce and student renters. Cafes and grocery access benchmark above metro medians, with national amenity percentiles in the 60s–70s, which helps daily convenience and leasing appeal.
Median home values in the neighborhood sit near the national midpoint, and the value-to-income ratio trends modestly above national averages. For investors, this indicates a high-cost ownership market is not the primary driver of rental reliance; instead, rental demand is supported by a sizable renter-occupied share and localized convenience. Rent-to-income levels around the neighborhood point to manageable affordability pressure, aiding retention and renewal strategies.
Construction trends skew newer than much of the metro: the property was built in 2004, while the neighborhood’s average construction year is 1987. Newer vintage can offer competitive positioning versus older stock and may require targeted system updates rather than full-scale repositioning, supporting a value-add plan focused on modernization and amenities.
Demographic statistics aggregated within a 3-mile radius show recent population growth alongside a faster increase in households and a declining average household size. This combination typically expands the renter pool for smaller-format units and supports occupancy stability for studios and one-bedrooms. Forward-looking projections indicate continued population and household growth, reinforcing demand depth and lease-up visibility for multifamily assets.
Neighborhood occupancy performance is below the metro median (ranked 13 out of 19), so operators should plan for disciplined marketing and renewal management. At the same time, the renter-occupied share of housing units is high by national standards (top decile nationally), which supports a broader tenant base and steady leasing velocity.
WDSuite does not provide comparable crime ranks or percentiles for this neighborhood in the current release. Investors typically benchmark safety by reviewing multi-year trends at the neighborhood and city levels, and by comparing against peer submarkets across the Stephenville metro. When underwriting, pair local law enforcement reports and city dashboards with property-level security measures and lighting/visibility audits to contextualize retention and operating expense assumptions.
Major employer proximity data with verified distances is not available in WDSuite for this address. Investors often supplement with local chamber resources and mapping to assess commute convenience and workforce housing demand.
1001 E Washington St is a 71-unit asset delivered in 2004, positioning it newer than much of the neighborhood’s 1980s-era stock. That vintage typically reduces near-term capital needs versus older properties while leaving room for targeted renovations to capture rent premiums. The submarket’s high share of renter-occupied housing units points to a deep tenant base, while neighborhood occupancy performance below the metro median suggests disciplined leasing and renewal execution will be important. Based on CRE market data from WDSuite, household growth within a 3-mile radius has outpaced population growth, indicating smaller household sizes and rising demand for compact units—aligning with this property’s smaller average unit layouts.
Ownership costs in the area are near national norms, so rental demand is supported more by renter concentration and local conveniences than by ownership cost pressure alone. Forward-looking projections within a 3-mile radius show continued population and household growth, which underpins absorption and supports steady pricing power for well-managed, renovated units.
- 2004 vintage offers competitive positioning vs. older neighborhood stock, with focused modernization potential
- High renter-occupied share supports a broad tenant base and consistent leasing activity
- 3-mile demographics indicate growing households and smaller sizes, favoring demand for smaller units
- Near-national-median ownership costs imply rental demand driven by tenure mix and local convenience
- Risk: neighborhood occupancy ranks below the metro median—plan for proactive marketing, renewals, and amenity upgrades