| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 56th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 W Lingleville Rd, Stephenville, TX, 76401, US |
| Region / Metro | Stephenville |
| Year of Construction | 2003 |
| Units | 44 |
| Transaction Date | 2024-12-27 |
| Transaction Price | $1,968,400 |
| Buyer | BUNKER HILL SENIOR VILLAGE LLC |
| Seller | IPI PROPERTIES 1 LLC |
1801 W Lingleville Rd, Stephenville TX Multifamily Investment
2003-vintage, 44-unit asset positioned in a majority renter-occupied neighborhood, with demand supported by workforce and student-oriented households according to WDSuite’s CRE market data.
Neighborhood
The property sits in an Inner Suburb location with an A neighborhood rating and ranks 2 of 19 locally, placing it in the top quartile among Stephenville neighborhoods. This positioning suggests durable fundamentals for everyday renter demand rather than purely discretionary leasing.
Tenant-base depth is underpinned by a high neighborhood renter concentration (renter-occupied share ranks 1 of 19), which generally supports steady leasing and a larger prospect pool for a 44-unit community. While the neighborhood occupancy rate trends below the metro median (ranked 13 of 19), investors can evaluate lease management and marketing to capture the existing renter pool.
Amenities are serviceable for daily living: grocery options rank 3 of 19 and cafes rank 3 of 19—both top quartile locally—while parks and pharmacies are thinner nearby. This mix points to convenience for residents’ essentials with fewer recreational amenity anchors in the immediate area.
Within a 3-mile radius, households have expanded over the past five years and are projected to continue growing through 2028, even as average household size trends lower—conditions that often translate into more renters entering the market and support for occupancy stability. Median home values in the neighborhood are elevated relative to local incomes, which can reinforce reliance on rental housing and aid lease retention for well-managed properties.
Safety
Comparable, block-level crime metrics are not available for this neighborhood in the dataset provided. Investors should review third-party crime trend sources for the broader Stephenville area to contextualize resident perceptions and potential impact on leasing and insurance.
Absent verified statistics, a practical approach is to benchmark against peer submarkets and monitor ownership’s on-site measures (lighting, access control, and resident engagement) as part of risk management and retention planning.
Why Invest
Built in 2003, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock and potential to capture renters seeking modern layouts. The submarket shows a high renter-occupied share at the neighborhood level, creating a deeper tenant base; while neighborhood occupancy ranks below the metro median, targeted leasing and positioning can help the property outperform nearby alternatives.
Within a 3-mile radius, recent household growth alongside smaller average household size points to a larger pool of renters over time, with projections indicating continued increases in households through 2028—drivers that support leasing velocity and renewal potential. According to CRE market data from WDSuite, local amenity access is strongest for daily needs (notably grocery and cafes), and elevated ownership costs in the neighborhood context help sustain multifamily demand and pricing power for well-kept assets.
- 2003 vintage positions the asset competitively versus older neighborhood stock, with selective upgrades offering value-add potential.
- High renter concentration at the neighborhood level supports a deeper tenant base and steady leasing pipeline.
- 3-mile household growth and smaller household sizes indicate ongoing renter pool expansion that can support occupancy stability.
- Daily-needs amenities (grocery/cafes) are competitive locally, aiding resident convenience and retention.
- Risks: neighborhood occupancy below metro median and thinner park/pharmacy access; active asset management and targeted amenities can mitigate leasing volatility.