| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 46th | Fair |
| Amenities | 10th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 106 Walnut St, Hallettsville, TX, 77964, US |
| Region / Metro | Hallettsville |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | 2016-06-30 |
| Transaction Price | $522,800 |
| Buyer | HVM 2015 HALLETTSVILLE LTD |
| Seller | HVM HALLETTSVILLE LTD |
106 Walnut St, Hallettsville TX Multifamily Value-Add Play
Older vintage and smaller-format units position this asset for cost-focused renter demand in a rural submarket, according to CRE market data from WDSuite’s CRE market data. Focus will be on durable tenancy and operational execution given softer neighborhood occupancy and limited nearby amenities.
Hallettsville’s rural setting offers quiet living but a lean amenity base. Neighborhood indicators point to limited cafes, parks, and childcare within close reach, which can place more weight on on-site features and management quality to support resident satisfaction and retention. Public schools average roughly middle-of-the-pack performance nationally, a practical baseline for workforce households.
Compared with other areas in the metro (13 neighborhoods total), the neighborhood’s occupancy trends rank near the bottom, signaling a competitive leasing backdrop and the need for active marketing and tenant service to sustain stable collections. Renter-occupied share sits around the metro middle, suggesting a modest but present tenant pool; in rural locations, that typically rewards appropriately sized units, pragmatic finishes, and disciplined rent setting.
The typical construction year locally skews to the late 1980s, so 1970s-era assets can benefit from targeted capital plans that modernize exteriors, systems, and interiors to stay competitive against somewhat newer stock. Median home values in the area are elevated relative to incomes by national benchmarks, which can reinforce reliance on multifamily rentals and support lease retention even as residents weigh ownership options.
Neighborhood rent burdens benchmark favorably by national standards, pointing to manageable rent-to-income levels that can underpin renewal velocity and lower turnover risk. Operators should still calibrate rents carefully to preserve affordability while improving unit quality through focused value-add work.
Comparable crime metrics at the neighborhood level are not available in WDSuite’s dataset for this location. Investors typically rely on local law enforcement reports, municipal dashboards, and on-the-ground observations to assess safety trends and their implications for leasing and retention.
Nearby anchor employers with verifiable distance data were not available in the current dataset. Investors should supplement with local employment mapping to gauge commuter demand and resident retention drivers.
Built in 1976 with smaller-format units, this 24-home property fits a value-focused renter profile in a rural Texas market where ownership costs can sustain rental demand. Based on CRE market data from WDSuite, neighborhood occupancy trails metro peers, so the thesis rests on hands-on operations, targeted renovations, and rent positioning that keeps payments manageable while upgrading functionality.
The vintage suggests clear value-add levers—systems updates, exterior refresh, and selective interior improvements—to improve competitive standing versus slightly newer neighborhood stock. With a modest renter base locally, emphasizing durability, livability, and efficient layouts can support steady leasing while preserving affordability to encourage renewals.
- 1976 vintage creates tangible value-add and capex planning opportunities
- Smaller-format units align with cost-conscious demand and support occupancy stability
- Ownership costs in the area can reinforce rental reliance, aiding lease retention
- Risk: neighborhood occupancy ranks near the bottom locally, requiring strong leasing execution
- Risk: limited nearby amenities place more weight on on-site experience and management