| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 105 W Doyle St, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1974 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
105 W Doyle St Granbury Multifamily Investment
Neighborhood-level occupancy trends point to stable renter demand, according to WDSuite’s CRE market data, with pricing power supported by a growing tenant base within a 3-mile radius. Positioned near Granbury’s core amenities, the asset benefits from fundamentals that favor steady leasing over the medium term.
Granbury’s Inner Suburb setting around 105 W Doyle St offers everyday convenience and steady renter appeal. Restaurant and park access rank competitive among Granbury neighborhoods (rank 2 of 21 for restaurants; rank 1 of 21 for parks), while grocery and pharmacy availability also track above the metro median. Nationally, the amenity profile sits in the mid-50s percentiles, indicating practical access without urban intensity.
Neighborhood occupancy is in the mid-80s and has trended upward over the past five years; this refers to the neighborhood, not the property. Median contract rents in the neighborhood sit in the mid-tier locally and around the mid-60s percentiles nationally, suggesting room for disciplined revenue management rather than outsized volatility. The local renter-occupied share is in the low-40s, indicating a meaningful — though not dominant — renter base that can support multifamily absorption.
Within a 3-mile radius, population and household counts have expanded over the last five years, with households growing faster than population — a setup that typically enlarges the tenant base and supports occupancy stability. Forward-looking projections indicate additional population growth and more households by 2028, which should reinforce leasing fundamentals for well-maintained product.
Ownership costs in the area are elevated relative to incomes by national standards (value-to-income ranks in the upper tiers nationally), a dynamic that tends to sustain renter reliance on multifamily housing and can support lease retention. Average school ratings are mixed, which may temper deep family-renter demand but is offset by amenity access and proximity to services. Vintage in this neighborhood skews older on average (mid-1960s), giving 1974 product a modest competitive edge versus older stock while still requiring selective modernization to meet current renter expectations.
Comparable neighborhood-level crime data was not available in WDSuite for this location at the time of analysis. Investors typically benchmark safety using multiple sources and time horizons; reviewing city reports and recent trend data can help contextualize conditions relative to the broader Granbury area.
Regional employment anchors within commuting range include Ball Metal Beverage Packaging, Parker Hannifin, and D.R. Horton; these industrial and corporate offices expand the workforce draw and can aid renter retention for properties serving commuters.
- Ball Metal Beverage Packaging — manufacturing (31.2 miles)
- Parker Hannifin Corporation — industrial technologies (31.8 miles)
- D.R. Horton — homebuilding corporate offices (34.4 miles) — HQ
Built in 1974, this 21-unit multifamily property offers a slightly newer vintage than the neighborhood’s mid-1960s average, providing relative competitiveness versus older local stock. According to CRE market data from WDSuite, the surrounding neighborhood shows mid-80s occupancy with a five-year improvement, and a renter-occupied share in the low-40s — a combination that points to steady, needs-based demand rather than transient spikes. Within a 3-mile radius, population and households have expanded and are projected to continue growing, supporting a larger tenant base and stabilizing lease-up over time.
Home values relative to incomes are on the higher side by national benchmarks, reinforcing renter reliance on multifamily options and aiding pricing power for well-positioned assets. At the same time, rent-to-income sits near sustainable levels locally, suggesting manageable affordability pressure if operators emphasize renewal management and targeted upgrades. Given the 1970s vintage, investors should plan for selective systems updates and common-area refreshes to capture value-add upside and protect competitiveness.
- Neighborhood occupancy in the mid-80s supports leasing stability (neighborhood metric, not property-specific).
- 3-mile population and household growth expand the renter pool and support absorption.
- Elevated ownership costs relative to incomes bolster multifamily demand and retention.
- 1974 vintage offers value-add potential via targeted modernization versus older local stock.
- Risks: mixed school ratings and commute-oriented employment base may concentrate demand in specific renter segments.