| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 71st | Best |
| Amenities | 6th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2530 E US Highway 377, Granbury, TX, 76049, US |
| Region / Metro | Granbury |
| Year of Construction | 1973 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2530 E US Highway 377 Granbury 27-Unit Value-Add Opportunity
Older vintage in a newer-build pocket positions this asset for renovations and pricing optimization amid a homeowner-leaning area, according to WDSuite’s CRE market data.
Granbury’s suburban setting around 2530 E US Highway 377 carries a B+ neighborhood rating and ranks 8 out of 21 locally, which is competitive among Granbury neighborhoods. The area skews owner-occupied at the neighborhood level (renter-occupied share 10.4%; rank 12 of 21), so multifamily demand is more selective on the immediate blocks, but a broader 3-mile radius captures a larger tenant base with roughly one-quarter of housing units renter-occupied, supporting steady absorption for well-positioned properties.
Neighborhood occupancy is measured at 86.0% (rank 14 of 21; below the metro median), suggesting leasing may require more active management and amenity differentiation. Median neighborhood contract rents sit mid-pack locally (rank 10 of 21), while the rent-to-income ratio is favorable (rank 3 of 21 and top quartile nationally), which can support retention and measured rent growth where unit quality and management justify it.
Local amenity density is thin by national standards (amenities rank 14 of 21; several categories near the bottom nationally), so on-site livability features and convenient highway access are meaningful differentiators. Restaurants register modestly (rank 9 of 21), while other day-to-day services are sparser within the immediate neighborhood, reinforcing the importance of property-level conveniences for leasing.
The neighborhood’s housing stock trends newer (average construction year 2012; rank 1 of 21). By comparison, this property was built in 1973, pointing to potential value-add through interior modernization and system upgrades to better compete with newer inventory. Elevated neighborhood home values (rank 1 of 21; top quartile nationally) and high household incomes (rank 1 of 21) indicate a high-cost ownership market, which can sustain renter reliance on well-managed apartments and support pricing durability for updated units, based on commercial real estate analysis from WDSuite.
WDSuite does not provide comparable neighborhood crime rankings for this location in the current release. Investors typically contextualize safety using broader city and county trends alongside property-level history such as incident reports, lighting, access control, and resident feedback. Given the suburban setting, it is prudent to underwrite standard safety enhancements (lighting, cameras, clear sightlines) and consider how these measures support leasing and renewal performance.
- Ball Metal Beverage Packaging — manufacturing (28.5 miles)
- Parker Hannifin Corporation — motion & controls manufacturing (29.5 miles)
- D.R. Horton — homebuilding (32.0 miles) — HQ
Built in 1973 and totaling 27 units, the asset is older than nearby stock in a neighborhood where the average construction year is 2012. That vintage gap can translate into a clear renovation roadmap—interiors, common areas, and building systems—to close the competitive distance with newer product and strengthen pricing power. Median neighborhood rents sit around the middle of the local pack, and the rent-to-income profile tests favorably, indicating room for upgrades to convert into revenue where execution is strong, according to CRE market data from WDSuite.
Demographic indicators aggregated within a 3-mile radius show a larger tenant base forming: population and households expanded meaningfully over the last five years, with forecasts pointing to continued growth through 2028. Rising median incomes and a high-cost ownership environment nearby tend to reinforce rental demand and support occupancy stability for well-managed, updated units. Primary risks include the neighborhood’s below-median occupancy and limited amenity density, which place a premium on targeted renovations, professional leasing, and on-site convenience features.
- 1973 vintage relative to newer nearby stock creates value-add and capex-driven upside
- Favorable rent-to-income profile supports retention and measured rent growth with upgrades
- 3-mile demographic expansion enlarges the renter pool and underpins leasing
- Elevated ownership costs locally sustain renter reliance on competitive apartments
- Risks: below-median neighborhood occupancy and sparse nearby amenities require active management