| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 45th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 809 N Broad St, Chandler, TX, 75758, US |
| Region / Metro | Chandler |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
809 N Broad St, Chandler TX Multifamily Investment
Positioned in a high-scoring Athens, TX neighborhood, this 26-unit asset offers steady renter demand and accessible pricing, according to WDSuite’s CRE market data.
Neighborhood fundamentals are a standout within the Athens, TX metro: the area holds an A+ rating and ranks 2nd out of 41 neighborhoods overall, indicating strong relative livability for a rural location. Reported neighborhood occupancy is competitive among Athens neighborhoods (ranked 8th of 41), supporting leasing stability for well-managed assets.
Amenities are mixed. Park access and outdoor space are near the top of the metro (2nd of 41), and pharmacies are also in the top quartile locally (7th of 41). Restaurants are competitive among Athens neighborhoods (9th of 41), while cafes are limited (ranked 41st), consistent with a rural profile. Nationally, amenity access sits near the middle of the pack, which aligns with drive-oriented living patterns.
Housing costs skew more attainable versus many markets. Neighborhood median contract rent and rent-to-income metrics signal manageable rent burdens, which can aid retention and reduce turnover risk for operators. Median home values are moderate for Texas, which can create some competition from ownership; however, a meaningful share of housing units are renter-occupied (around the high-20s percent), indicating a stable tenant pool for multifamily.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, expanding the local renter base. Projections point to further increases in households and a smaller average household size, which typically supports multifamily demand through more one- to two-person households. These trends, based on commercial real estate analysis from WDSuite, suggest steady absorption potential for well-positioned units.
Safety metrics specific to this neighborhood are not available in the current WDSuite release. Investors should benchmark property-level operations against broader Athens, TX trends and confirm on-the-ground conditions through standard diligence (police reports, site visits, and insurance guidance) rather than relying on block-level assumptions.
Regional employment is oriented toward commutable hubs, which can support workforce renter demand for residents willing to drive to major employers such as insurance services.
- State Farm Insurance — insurance services (36.9 miles)
The property’s 1979 vintage offers value-add potential through targeted renovations and system updates, while the neighborhood’s above-median occupancy within the Athens, TX metro supports baseline leasing stability. Rents in the area are relatively accessible against incomes, which can help sustain retention and minimize downtime when combined with disciplined turn management, according to CRE market data from WDSuite.
Within a 3-mile radius, recent increases in population and households point to a gradually expanding tenant base. A renter-occupied share near the high-20s percent indicates a moderate but durable pool of prospective residents, and moderate home values suggest that multifamily remains a practical housing option even as some households consider ownership. Operators should underwrite to a rural amenity set and auto-oriented mobility while leveraging the neighborhood’s top-tier metro ranking and steady demand drivers.
- Competitive neighborhood standing (2nd of 41) within Athens, TX supports occupancy stability.
- 1979 vintage creates clear value-add and capital planning opportunities to drive NOI.
- Accessible rents versus incomes bolster retention and lease-up resilience.
- 3-mile radius shows population and household growth, expanding the renter base.
- Risks: rural amenity depth and longer commutes; plan for car-centric living and selective upgrades.