| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 8th | Poor |
| Amenities | 35th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 714 Jonathan St, Athens, TX, 75751, US |
| Region / Metro | Athens |
| Year of Construction | 1974 |
| Units | 51 |
| Transaction Date | 2012-05-01 |
| Transaction Price | $825,000 |
| Buyer | IAP ATHENS NH HOUSING LLC |
| Seller | NEW HAVEN APARTMENTS LTD |
714 Jonathan St Athens Multifamily Investment
Steady renter demand and convenient daily-needs access support durable operations, according to WDSuite’s CRE market data. Neighborhood occupancy trends remain above the Athens metro median, with a renter base that is competitive among local submarkets.
Athens’ 714 Jonathan St sits in a rural neighborhood where daily-needs convenience is a relative strength. Grocery access ranks first among 41 Athens metro neighborhoods and lands in the top quartile nationally, while pharmacy availability is also above national averages. Restaurant density is competitive for the area, though cafés, childcare, and parks are limited, typical of lower-density locations.
Multifamily fundamentals are serviceable. The neighborhood’s housing occupancy is above the metro median (rank 18 of 41), and the share of renter-occupied units is competitive among Athens neighborhoods (rank 4 of 41), indicating a meaningful tenant base for workforce-oriented product. According to CRE market data from WDSuite, neighborhood rents benchmark on the lower side versus national norms, supporting broad affordability and potential lease retention.
Demographic statistics within a 3-mile radius show households were roughly stable over the past five years while population ticked down, suggesting smaller household sizes and a steady pool of renters. Forward-looking estimates point to population and household growth through 2028, which would expand the local renter base and support occupancy stability over time.
Vintage matters for competitive positioning. With a 1974 construction year versus a neighborhood average of 1977, investors should plan for ongoing capital expenditures and consider value-add upgrades to kitchens, baths, and building systems to enhance durability and rent competitiveness against both older and newer stock.
Ownership costs in the immediate neighborhood are low relative to national levels. While this can introduce competition from entry-level ownership options, it also supports a consistent workforce renter segment; proactive lease management and amenity-light value-add features can help maintain pricing power and retention.
Safety trends compare favorably against national benchmarks, based on CRE market data from WDSuite. Both violent and property offense rates are in higher national percentiles (safer relative to many U.S. neighborhoods), placing the area broadly in a stronger national safety cohort.
Recent momentum warrants monitoring: WDSuite data indicate a short-term uptick in property offenses versus the prior year, even as the neighborhood still ranks well on national safety measures. Investors should underwrite with standard loss-prevention, lighting, and site-security practices and track trendlines rather than relying on a single-year snapshot.
Regional employment access supports renter demand, with commute options to insurance and service-sector roles that anchor the area’s workforce housing profile.
- State Farm Insurance — insurance services (16.7 miles)
This 51-unit, 1974-vintage asset offers a pragmatic value-add profile in a rural Athens location with daily-needs convenience and a renter base that is competitive among metro peers. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends sit above the metro median and national-level safety percentiles are solid, supporting stable operations while renovations target rent and retention lift.
Within a 3-mile radius, households have held roughly steady and are projected to grow alongside population through 2028, pointing to renter pool expansion. Low local ownership costs suggest some competition with entry-level homeownership, but they also align with workforce demand dynamics where modest upgrades and disciplined expense control can sustain leasing and pricing power.
- Above-metro occupancy trends and strong national safety percentiles support operating stability.
- 1974 vintage presents clear value-add levers and capital planning opportunities.
- Daily-needs access (grocery, pharmacy) enhances retention in a rural setting.
- 3-mile forecasts indicate population and household growth, expanding the renter base.
- Risks: low-cost ownership alternatives and recent property-offense uptick call for conservative underwriting and active asset management.