| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 W Pearl St, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1976 |
| Units | 72 |
| Transaction Date | 2006-05-26 |
| Transaction Price | $2,050,000 |
| Buyer | PARK DALE ENTERPRISES LLC |
| Seller | SPANISH OAKS IN THE WOODS LLC |
1201 W Pearl St Granbury Multifamily Investment
Renter demand is supported by a competitive neighborhood profile and rising household counts, according to WDSuite’s CRE market data. Investors should expect stable tenant depth with pricing set against a high-cost ownership market.
This Inner Suburb neighborhood rates in the top quartile among 21 Granbury metro neighborhoods (A rating), signaling competitive fundamentals for multifamily. Amenity access trends above metro medians, with parks and restaurants sitting in the higher national percentiles, helping drive day-to-day livability and leasing appeal.
Within a 3-mile radius, population and households have grown over the past five years, and projections indicate further household expansion, pointing to a larger tenant base and support for occupancy stability. Median household incomes have stepped higher, which can aid collections and renewals even as rent levels trend upward.
About 42.6% of housing units in the neighborhood are renter-occupied, indicating a meaningful renter concentration and depth of demand for multifamily product. Neighborhood occupancy has improved over the last five years, a positive backdrop for maintaining leased status through cycles.
Ownership costs are comparatively elevated in context (value-to-income near the upper national percentiles), which tends to reinforce reliance on rental housing and supports pricing power. At the same time, rent-to-income sits below many national peers, which can reduce affordability pressure and help with lease retention.
The property’s 1976 vintage is newer than the neighborhood’s average construction year (1966). This positioning can offer relative competitiveness versus older stock, while still leaving room for targeted renovations and systems modernization to enhance NOI.
Comparable, property-level safety data are not available in this dataset. Investors commonly benchmark neighborhood safety against city and county trends and monitor on-the-ground indicators (management reports, insurance quotes, and local enforcement engagement) to understand trajectory and potential operating impacts.
Given the area’s overall competitive standing within the Granbury metro, investors can contextualize safety as one of several operating considerations alongside renter demand, occupancy, and asset condition, rather than as a singular determinant.
- Ball Metal Beverage Packaging — manufacturing (31.7 miles)
- Parker Hannifin Corporation — industrial & motion control (32.2 miles)
- D.R. Horton — homebuilding (34.9 miles) — HQ
1201 W Pearl St benefits from a neighborhood that ranks in the top quartile locally and posts above-median amenity access, supporting renter appeal and leasing velocity. Within a 3-mile radius, recent growth in population and households, along with projected household expansion, suggest a larger tenant base and support for occupancy stability. According to CRE market data from WDSuite, ownership costs are on the higher side relative to incomes, which tends to sustain multifamily demand, while rent-to-income levels remain comparatively manageable for retention.
Built in 1976, the asset is newer than the area’s average vintage, offering relative competitiveness versus older stock. Targeted value-add—interiors, curb appeal, and selective systems upgrades—could capture additional NOI while aligning with neighborhood income levels. Key watch items include the pace of new ownership options and any shifts in renter-occupied share that could influence leasing dynamics.
- Competitive neighborhood fundamentals (top quartile locally) support demand and leasing stability
- 3-mile radius shows growing households and income gains that underpin tenant depth
- Elevated ownership costs with comparatively manageable rent-to-income support pricing power and renewal rates
- 1976 vintage offers value-add potential to enhance competitiveness versus older stock
- Risk: shifts toward higher owner share or slower amenity growth could temper absorption and rent gains