| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 66th | Best |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2251 W Tarleton St, Stephenville, TX, 76401, US |
| Region / Metro | Stephenville |
| Year of Construction | 1977 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2251 W Tarleton St, Stephenville TX Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, with pricing positioned near regional norms that can support retention.
This Inner Suburb location in Stephenville ranks first among 19 metro neighborhoods on overall rating (A+), reflecting a balanced mix of livability and rental demand. Amenity access is above the national median, with restaurants, groceries, and pharmacies concentrated enough to support daily needs and leasing velocity. Average school ratings sit in the upper national percentiles, a factor that can aid family retention and length of stay.
Occupancy for the neighborhood is in the top quartile among 19 metro neighborhoods, signaling demand resilience relative to local peers. Median asking rents track close to national mid-range levels, suggesting room to compete on value while preserving revenue integrity. Neighborhood home values are modest by national comparison, which can create some competition from ownership, but the rental market remains deep enough to sustain stable absorption and lease renewal performance.
Vintage matters here. The property’s 1977 construction is older than the neighborhood’s average 1989 vintage, implying near- to medium-term capital planning for systems and interiors. That age gap can also frame a practical value-add path focused on renovations and modernization to differentiate against comparable stock.
Renter concentration in the neighborhood is just under half of housing units, indicating a sizable tenant base for multifamily operators. Within a 3-mile radius, demographics show a larger renter pool and households increasing over the past five years alongside smaller average household sizes, which typically supports demand for rental units and occupancy stability. Forward-looking projections within the same 3-mile radius point to continued population growth and a further increase in households, expanding the prospective tenant base.
Amenity details: dining and grocery density rank competitively among 19 metro neighborhoods, and national percentiles for these categories trend in the upper ranges. Park and childcare access are relatively limited locally, which may influence positioning for family-oriented renters but can be offset through on-site amenities and community programming.
Comparable neighborhood-level safety data are limited in this dataset, so investors should benchmark conditions against Stephenville and Erath County trends and review recent police and municipal reports. A practical approach is to compare multi-year directional changes and focus on property-level controls (lighting, access, and visibility) to support tenant retention and asset performance.
The property offers durable demand drivers in a neighborhood that ranks at the top of the Stephenville metro, with occupancy performance above the metro median and amenity access sufficient to support leasing. According to CRE market data from WDSuite, the area’s rent levels align near national mid-range benchmarks, creating room to compete on value while maintaining revenue consistency. The 3-mile radius indicates population growth and a notable increase in households with smaller average household sizes, which typically expands the renter pool and supports steady absorption.
Constructed in 1977, the asset is older than the neighborhood average vintage, pointing to targeted capital expenditures and a clear value-add renovation thesis to enhance unit finishes, common areas, and energy systems. Neighborhood home values sit around the national middle, implying some ownership alternatives, but rent-to-income ratios remain manageable, which can aid retention when paired with disciplined lease management.
- Top-ranked neighborhood in the metro with occupancy above local medians supporting leasing stability.
- 3-mile demographics show population growth and rising household counts, expanding the tenant base.
- Mid-range rent positioning provides competitive leverage while sustaining revenue performance.
- 1977 vintage creates value-add potential via interior, systems, and curb-appeal upgrades.
- Risks: older physical plant requires ongoing capex; limited parks/childcare nearby may affect certain renter segments.