| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 62nd | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1019 Friendship Ln, Fredericksburg, TX, 78624, US |
| Region / Metro | Fredericksburg |
| Year of Construction | 1998 |
| Units | 64 |
| Transaction Date | 2018-10-11 |
| Transaction Price | $8,575,000 |
| Buyer | FREDERICKSBURG GLUCKSBRINGER LLC |
| Seller | DCP 1019 FRIENDSHIP LANE LLC |
1019 Friendship Ln, Fredericksburg TX Multifamily Investment
Stabilized renter demand is supported by a higher renter concentration in the neighborhood and a high-cost ownership market, according to WDSuite’s CRE market data. 1998 construction offers relative competitiveness versus older local stock while leaving room for targeted modernization to drive returns.
Located in suburban Fredericksburg, the neighborhood rates A and ranks 3rd of 16 in the metro, placing it in the top quartile locally. Amenity access is serviceable for a smaller market, with cafes ranking 2nd of 16 and restaurants 4th of 16 among metro neighborhoods, though parks and pharmacies are limited. For investors, this mix suggests everyday convenience while highlighting a potential edge for properties that add on-site amenities.
Neighborhood occupancy is competitive among Fredericksburg neighborhoods (ranked 6th of 16) but sits below national norms based on percentile benchmarks, so lease-up and retention strategies matter. At the same time, renter-occupied housing accounts for a relatively high share of units (ranked 3rd of 16 and in a higher national percentile), indicating a deeper local tenant base for multifamily.
Home values trend elevated versus the nation (upper national percentiles) and the value-to-income ratio ranks 4th of 16 and very high nationally. In practice, a high-cost ownership market tends to sustain reliance on rental housing, supporting occupancy stability and pricing power for well-positioned assets.
Property vintage skews older across the neighborhood (average year 1983), and this asset’s 1998 construction positions it newer than much of the surrounding stock. That relative youth can reduce near-term capital friction compared with older assets, while still leaving room for value-add through systems updates and unit modernization that align with current renter expectations.
Demographic statistics aggregated within a 3-mile radius show modest population contraction over the past five years alongside a rise in total households and a trend toward smaller household sizes. Projections indicate further household growth even with flat-to-soft population trends, implying a broader renter pool and demand for smaller, well-amenitized units—an angle that can support occupancy and renewal rates.
Comparable neighborhood safety data are not available in this dataset for precise benchmarking. Investors typically contextualize safety using public sources and trend comparisons at the city and county level, supplementing on-the-ground diligence to gauge tenant retention and leasing implications over time.
1019 Friendship Ln is a 64-unit, 1998-vintage multifamily property positioned in a suburban neighborhood that ranks in the top quartile locally. The area shows elevated home values and a high value-to-income ratio, which often sustains rental demand relative to ownership. Renter-occupied share is higher than many peer areas, signaling depth in the tenant base, while neighborhood occupancy trends sit below national norms—pointing to the importance of hands-on leasing and renewal management. Based on multifamily property research from WDSuite, the property’s newer-than-average vintage versus the local stock suggests competitive positioning with potential upside via targeted renovations and amenity enhancements.
Within a 3-mile radius, households have increased and are projected to grow further as household sizes shrink, supporting a larger pool of prospective renters even as population growth moderates. This dynamic can help stabilize occupancy and support rent growth where operators execute on product differentiation and operational discipline.
- Newer 1998 vintage than neighborhood average (1983) offers competitive positioning with value-add potential
- High-cost ownership environment supports sustained multifamily renter demand and renewal potential
- 3-mile household growth and shrinking household size expand the renter pool and support occupancy stability
- Operational focus needed: neighborhood occupancy sits below national norms; on-site amenity gaps may affect leasing