| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 69th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5750 N Major Dr, Beaumont, TX, 77713, US |
| Region / Metro | Beaumont |
| Year of Construction | 1999 |
| Units | 96 |
| Transaction Date | 2016-02-19 |
| Transaction Price | $7,300,000 |
| Buyer | Highway 105 Development, Ltd. |
| Seller | Interurban Walnut Creek, LLP |
5750 N Major Dr Beaumont Multifamily Investment
Stabilized renter demand in an inner-suburb location, according to WDSuite’s CRE market data, supports consistent occupancy and steady leasing performance relative to the Beaumont-Port Arthur metro. Neighborhood metrics point to a durable tenant base with room for value-add execution.
This inner-suburb pocket of Beaumont ranks 2nd out of 139 metro neighborhoods (A+ rating), indicating strong overall fundamentals compared with the broader Beaumont-Port Arthur market. Amenities are competitive among Beaumont-Port Arthur neighborhoods, with cafes (11th of 139) and grocery access (28th of 139) supporting day-to-day convenience, while parks and pharmacies also track above the metro median. Childcare options are sparse (139th of 139), which may influence tenant mix and marketing positioning.
Neighborhood occupancy is above the metro median (18th of 139; 68th percentile nationally), signaling healthy leasing conditions that can support rent levels and retention. Median asking rents in the area sit modestly above national midline, and the neighborhood’s renter-occupied share is very high (2nd of 139; 98th percentile nationally), indicating deep multifamily demand and a broad tenant pool for a 96-unit asset.
The property’s 1999 vintage is slightly older than the neighborhood average year built (2001), which points to potential value-add and capital planning opportunities around interiors and common areas. Newer competitive stock nearby underscores the need for targeted upgrades to maintain leasing velocity and relative positioning.
Within a 3-mile radius, households have increased modestly over the past five years while average household size edged down, expanding the number of potential renters even as population was roughly flat. Forward-looking projections within the same 3-mile radius indicate growth in both population and households, suggesting a larger tenant base that can support occupancy stability and future leasing, based on CRE market data from WDSuite.
Home values in this submarket are lower than national norms, and rent-to-income levels in the neighborhood remain manageable. This combination may introduce some competition from ownership, but the high renter concentration and steady occupancy trends help sustain multifamily demand and support lease retention.
Safety conditions track near the metro middle, with the neighborhood’s crime rank at 41 out of 139 Beaumont-Port Arthur neighborhoods. Nationally, overall crime levels align around the midpoint, while violent incidents benchmark below national averages. Recent year-over-year improvements are notable, with both violent and property offenses trending down, which supports a more stable operating environment if the trend continues.
Investors should consider safety as a neighborhood-level factor rather than a property-specific outcome and monitor ongoing trends and management practices that support tenant retention and leasing performance.
5750 N Major Dr offers exposure to a high-performing inner-suburb neighborhood that ranks near the top of the Beaumont-Port Arthur metro, with occupancy above the local median and a notably high share of renter-occupied housing units. According to CRE market data from WDSuite, this depth of renters supports demand resiliency and leasing stability relative to the market.
Constructed in 1999, the asset is slightly older than nearby inventory, creating a clear value-add path via targeted renovations to protect competitiveness against newer stock. Neighborhood home values are relatively low in a national context and rent-to-income levels are manageable, which can aid pricing power while still requiring thoughtful lease management given potential competition from ownership.
- High renter concentration and above-median neighborhood occupancy support stable leasing
- 1999 vintage provides value-add upside through selective interior and common-area upgrades
- Inner-suburb location with competitive amenities underpins day-to-day livability and retention
- Manageable rent-to-income conditions can support pricing while maintaining renewal potential
- Risks: childcare scarcity, safety variability versus national benchmarks, and some ownership competition