| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 54th | Fair |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 Ramsay St, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 2010 |
| Units | 42 |
| Transaction Date | 2017-05-15 |
| Transaction Price | $5,250,000 |
| Buyer | 225 LOGAN RIDGE LLC |
| Seller | PRICHARD TIMOHTY |
225 Ramsay St San Marcos Multifamily Investment
The surrounding neighborhood shows a deep renter base and a high-cost ownership backdrop, according to WDSuite’s CRE market data, supporting durable tenant demand. Neighborhood metrics referenced here reflect area conditions, not this property’s occupancy.
Located in San Marcos, the property sits in an Inner Suburb neighborhood that is above metro median on several housing and demographic indicators but has limited on-block retail and daily conveniences. Amenity density scores in the lower percentiles nationally, so residents typically rely on nearby corridors for groceries, cafes, parks, and services rather than immediate walk-to options.
Renter concentration is high: a significant share of housing units in the neighborhood are renter-occupied, which deepens the tenant base and supports multifamily leasing. Neighborhood occupancy trends have been softer than metro norms in recent readings, so underwriting should prioritize marketing, leasing execution, and renewal management to sustain performance.
Within a 3-mile radius, population and household counts have expanded over the last five years and are projected to continue growing, with households increasing faster than population as average household size trends lower. This points to a larger pool of renters entering the market, which can support occupancy stability and absorption for well-positioned assets.
The neighborhood reflects a high-cost ownership market relative to local incomes (home values rank in a high national percentile), which tends to sustain reliance on rentals and can aid lease retention and pricing power for competitive properties. Median contract rents sit near national mid-range levels, balancing demand depth with manageable affordability pressure for renters.
Constructed in 2010, the asset is newer than the neighborhood’s average vintage (1990s). That positioning can be competitive versus older stock while still warranting periodic systems upgrades and common-area refreshes to maintain leasing velocity.
Safety indicators for the neighborhood track below the national median and below the metro average among 527 Austin–Round Rock–Georgetown neighborhoods. In practical terms, investors should plan for standard security measures and active property management to support resident satisfaction and retention.
Recent data show property offenses have risen year over year, while violent offense levels remain below the national median. A measured approach—lighting, access control, and coordination with local resources—can help maintain operating stability without overcapitalizing.
Regional employers within commuting range support a broad renter pool, with insurance, technology, and retail headquarters providing diversified job access that can aid leasing and retention for workforce and young professional segments.
- State Farm Insurance — insurance (21.2 miles)
- Oracle Waterfront — technology (27.2 miles)
- Whole Foods Market — grocery & retail (28.1 miles) — HQ
- New York Life — insurance (32.6 miles)
- Cst Brands — fuel & retail (34.4 miles) — HQ
This 42-unit 2010-vintage asset benefits from a renter-heavy neighborhood and a high-cost ownership backdrop that sustains reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy has trailed metro norms, but the 3-mile radius shows growth in population and a faster rise in household counts, indicating a larger tenant base that can support stabilization for well-managed properties.
Newer construction relative to local averages positions the asset competitively versus older stock, while modest amenity density locally suggests marketing should emphasize access to regional corridors and employment centers. Rent-to-income levels are manageable in context, but operators should monitor affordability pressure and emphasize renewals and retention to protect NOI.
- High renter concentration supports depth of demand and renewal potential.
- 2010 construction offers competitive positioning versus older neighborhood stock with targeted upgrade upside.
- 3-mile radius shows population and household growth, expanding the renter pool and supporting occupancy.
- High-cost ownership market reinforces reliance on rentals and can aid pricing power for competitive units.
- Risks: below-metro neighborhood occupancy, lower amenity density, and safety metrics that warrant active management.