| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 18th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Lila Ln, Athens, TX, 75751, US |
| Region / Metro | Athens |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Lila Ln Athens, TX Multifamily Investment
Renter concentration in the surrounding neighborhood supports a stable tenant base, with daily-needs amenities nearby according to WDSuite’s CRE market data. This location offers practical cashflow management potential in a smaller East Texas market.
The property sits in an A-rated, rural neighborhood of Athens ranked 3 out of 41 metro neighborhoods, indicating strong relative fundamentals locally. Amenity access is a clear strength: restaurants, cafes, groceries, and pharmacies score in the top quartile among 41 Athens neighborhoods and compare favorably at the national level, helping with day-to-day convenience for residents.
Neighborhood occupancy is measured for the area, not this property, and trends below national benchmarks; investors should plan for active leasing strategies. Offsetting this, the share of housing units that are renter-occupied is high for the neighborhood (above the metro median and strong nationally), which supports depth of the tenant base and can aid leasing velocity and retention.
Within a 3-mile radius, recent data show softer population levels but a projected increase in both households and population by 2028, expanding the prospective renter pool. Median rents in the neighborhood have risen over the past five years, while a low neighborhood rent-to-income ratio signals limited affordability pressure, which can support lease stability and renewal rates.
The asset’s 1983 vintage is slightly older than the neighborhood average construction year. That positioning can create value-add potential through targeted renovations and systems upgrades to improve competitive standing against somewhat newer stock.
School ratings in the neighborhood run below national averages, which may modestly temper demand from families; however, proximity to everyday amenities and the area’s renter concentration help sustain multifamily demand in this submarket.
Neighborhood safety indicators are mixed relative to national norms. Property-related incidents track near national midranges, while violent incident measures are below national averages but have shown recent improvement. Interpreting local rank positions within the Athens metro (41 neighborhoods), these figures place the area closer to the middle tier rather than the top quartile.
For investors, the key takeaway is to underwrite prudent security and lighting upgrades and emphasize tenant screening and on-site management practices. Evaluating multi-year trends and block-to-block variations during due diligence remains important in smaller Texas markets.
- State Farm Insurance — insurance services (18.8 miles)
This 24-unit asset in Athens benefits from a renter-heavy neighborhood, everyday amenity density, and improving household projections within a 3-mile radius—factors that support tenant demand and occupancy stability. Based on commercial real estate analysis from WDSuite, neighborhood rents have trended upward while rent-to-income levels remain relatively manageable, a combination that can aid renewal rates and pricing discipline.
Constructed in 1983, the property is slightly older than nearby stock, suggesting value-add upside through targeted interior updates and modernization of building systems. Underwriting should account for the neighborhoods below-benchmark occupancy and modest school quality, balanced by amenity access and a broadening local renter pool over the forecast period.
- Renter-occupied share in the neighborhood supports a deeper tenant base and leasing resilience.
- Amenity-rich location (food, groceries, pharmacies) enhances livability and retention.
- 1983 vintage offers value-add potential via targeted renovations and systems upgrades.
- Directional household and population growth within 3 miles indicates a larger future renter pool.
- Risks: neighborhood occupancy below national benchmarks and lower school ratings warrant conservative leasing and expense assumptions.