| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1705 W Pearl St, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1986 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1705 W Pearl St Granbury Value-Add Multifamily
Renter-occupied housing is comparatively high for the metro and sits in the top quartile nationally, supporting demand durability, while the 1986 vintage points to potential renovation upside, according to WDSuite’s CRE market data.
Situated in an Inner Suburb pocket of Granbury, this location pairs daily-needs convenience with steady renter demand. Neighborhood ranks indicate strong access to parks (top quartile among 21 metro neighborhoods; national percentile ~77), groceries (competitive among Granbury neighborhoods; national percentile ~58), restaurants (top quartile among 21), and pharmacies (above national median), while cafes are sparse—an operational consideration for lifestyle-oriented tenants.
Median contract rents in the neighborhood track above many peer areas (national percentile ~66) and have grown meaningfully over the past five years, while neighborhood occupancy has been improving. The neighborhood’s renter-occupied share is elevated (ranked best among 21 metro neighborhoods; top quartile nationally), signaling a deep tenant base and supporting lease-up and retention strategy.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding through 2028, indicating a larger tenant base over time. Household incomes have also advanced, and rent-to-income metrics suggest manageable affordability for professionally managed product—factors that can support occupancy stability and pricing power. School quality trends sit near the national midpoint, which may matter for family-oriented unit mixes.
Ownership costs in the neighborhood skew higher relative to incomes (value-to-income ratio in the upper national quartiles), which tends to reinforce reliance on multifamily rentals and can aid lease retention. Vintage in the broader area trends older than the subject (average 1966), giving a 1986 asset a relative competitive position, while still leaving room for modernization to capture rent premiums based on commercial real estate analysis from WDSuite.
Neighborhood-level crime ranks were not available in the current dataset. Investors should frame safety conclusions using broader market context and observed leasing performance rather than block-level assumptions, and supplement with local diligence to understand trend direction and comparables.
Regional employment centers within commuting range provide a diversified base across packaging, industrial manufacturing, and homebuilding, supporting renter demand and lease retention for workforce and middle-income households.
- Ball Metal Beverage Packaging — packaging manufacturing (32.1 miles)
- Parker Hannifin Corporation — industrial manufacturing (32.5 miles)
- D.R. Horton — homebuilding (35.3 miles) — HQ
1705 W Pearl St is a 56-unit, 1986-vintage asset positioned in an Inner Suburb location where renter concentration is high relative to the Granbury metro and in the top quartile nationally. The area shows improving neighborhood occupancy, rent levels in the upper national percentiles, and growing households within a 3-mile radius—signals that point to a durable tenant base and potential for steady leasing performance. Based on CRE market data from WDSuite, ownership costs are elevated versus incomes locally, which generally sustains rental demand and can support retention.
Given the vintage, a focused value-add plan—targeting interior updates and system modernization—can enhance competitive positioning versus older neighborhood stock, while amenity access (parks, groceries, restaurants) compares favorably in the metro. Key watch items include average school ratings, thinner cafe inventory, and the need to validate submarket crime trends via on-the-ground diligence.
- High renter-occupied share (top quartile nationally) supports depth of tenant demand
- 1986 construction offers clear value-add and modernization upside versus older local stock
- Amenities compare well in-metro (parks, groceries, restaurants) aiding leasing and retention
- Elevated ownership costs reinforce reliance on rentals, supporting occupancy stability
- Risks: average school scores, limited cafe depth, and need to confirm neighborhood safety trends