| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1251 N Meadows Dr, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1251 N Meadows Dr Granbury Multifamily Investment
Renter-occupied housing is comparatively strong at the neighborhood level, and recent rent trends suggest steady demand, according to WDSuite’s CRE market data. All occupancy and rent references here describe the surrounding neighborhood, not this specific property.
This Inner Suburb neighborhood is competitive among Granbury, TX areas, ranking 3rd out of 21 neighborhoods and sitting in the top quartile nationally for several livability factors, based on CRE market data from WDSuite. The property’s 1998 vintage is newer than the area’s typical 1960s-era stock, generally supporting competitive positioning versus older assets while still warranting selective modernization planning for systems and finishes.
Daily needs are accessible: parks density ranks 1st of 21 locally (top quartile nationally), with groceries and pharmacies also above the metro median. Restaurant options rank 2nd of 21, while cafes are limited. These amenity dynamics help with resident convenience and retention even without a true urban amenity mix.
At the neighborhood level, the renter-occupied share is high for the metro (ranked 1st of 21), indicating depth in the tenant base. Neighborhood occupancy is reported at 84%, which places it below national norms; investors should underwrite leasing strategies accordingly. Median contract rents sit above the metro median and have risen meaningfully over five years, while the value-to-income ratio ranks 2nd of 21, signaling a higher-cost ownership environment that can sustain multifamily demand and support pricing power with prudent lease management.
Demographics within a 3-mile radius show population and household growth in recent years, with projections indicating further increases in both households and incomes. This points to a larger tenant base over the medium term, which can support occupancy stability and absorption for well-positioned units. Average school ratings are around the metro middle; family demand may be more sensitive to school quality at higher price points.
Comparable safety metrics for this specific neighborhood are not available from WDSuite for the current period. Investors typically contextualize property operations by reviewing city and county trend data, touring at varied times, and aligning on-site measures (lighting, access control, resident engagement) with leasing and retention goals. Without ranked data, it is prudent to benchmark incident trends against regional averages during diligence.
Regional employment is anchored by manufacturing and homebuilding within commuting range, which can support renter demand and lease retention for workforce-oriented units. Notable nearby employers include Ball Metal Beverage Packaging, Parker Hannifin, and D.R. Horton.
- Ball Metal Beverage Packaging — manufacturing/packaging (32.1 miles)
- Parker Hannifin Corporation — industrial manufacturing (32.8 miles)
- D.R. Horton — homebuilding (35.4 miles) — HQ
1251 N Meadows Dr offers a 24‑unit, 1998-vintage asset positioned against older neighborhood stock, creating a relative quality advantage while leaving room for targeted updates. Neighborhood data shows a high renter-occupied share and rent levels above the metro median; coupled with a higher-cost ownership landscape, this supports durable rental demand. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national norms, so underwriting should emphasize leasing execution and resident retention.
Within a 3-mile radius, recent increases in population and households, alongside projections for further growth and income gains, point to a larger tenant base over the medium term. Amenities such as parks, groceries, and pharmacies score above the metro median, supporting day-to-day livability that helps stabilize renewals, while average school ratings suggest family demand may be price-sensitive.
- 1998 construction is newer than area norms, offering competitive positioning with selective modernization potential.
- High neighborhood renter concentration and above-median rents indicate depth of tenant demand.
- 3-mile population and household growth expand the renter pool, supporting occupancy stability.
- Amenity access (parks, groceries, pharmacies) aids retention and day-to-day livability.
- Risks: neighborhood occupancy trails national norms; average school ratings; commuting distances to major employers require targeted leasing and retention strategies.