| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 32nd | Poor |
| Amenities | 4th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 705 Lavaca St, Yoakum, TX, 77995, US |
| Region / Metro | Yoakum |
| Year of Construction | 1995 |
| Units | 42 |
| Transaction Date | 2012-08-24 |
| Transaction Price | $1,085,000 |
| Buyer | PENA ROBERT F |
| Seller | VICTORIA RETIREMENT COMMUNITY LTD |
705 Lavaca St Yoakum Multifamily Investment
Stabilized regional demand with relatively accessible rents supports tenant retention, according to WDSuite’s CRE market data. Built in 1995 with 42 units, the asset presents durable workforce housing dynamics for a smaller Texas market.
Livability in this suburban pocket of Yoakum is defined by practical access rather than density of amenities. Neighborhood-level data indicates limited retail and daily-needs options nearby, so residents typically rely on broader trade areas for groceries, pharmacies, and cafes. For investors, this implies marketing should emphasize on-site convenience and drive-to-amenity patterns rather than walkability.
Neighborhood occupancy is measured for the neighborhood, not the property, and currently trails many U.S. neighborhoods, signaling competitive leasing conditions but also the potential to capture demand through unit quality and management. Median asking rents in the neighborhood remain on the lower side for Texas, which can support leasing velocity when paired with thoughtful unit finishes and responsive operations.
Renter concentration as a share of housing units is above the national median, indicating a viable tenant base for multifamily and support for occupancy stability over time. Average school ratings sit above the national median as well, a modest positive for family-oriented demand and lease retention.
Ownership costs in the neighborhood are elevated relative to incomes on a national basis, which tends to reinforce reliance on rental housing and can support pricing power for well-managed properties. At the same time, the neighborhood’s rent-to-income levels sit slightly above the national median for affordability, suggesting room to balance renewals and income growth through prudent lease management.
The average neighborhood building vintage trends older than this property. With a 1995 construction year, the asset is newer than much of the surrounding stock, offering relative competitiveness versus 1980s-era properties while still warranting targeted capital planning for systems and common-area refresh to capture value-add upside.
Comparable crime data for this neighborhood is not available in WDSuite at this time. Investors typically evaluate safety by comparing neighborhood trends to county and metro benchmarks and by monitoring property-level operations (lighting, access control, and resident engagement) to support tenant retention and leasing performance.
Regional employment is anchored by distribution and corporate services within commuting distance, supporting workforce housing demand and weekday occupancy. Nearby employer representation includes:
- Performance Food Group — food distribution (35.3 miles)
This 42-unit, 1995-vintage property offers durable workforce housing positioning in a low-amenity, drive-to-services submarket where renter-occupied share is above the national median. Neighborhood occupancy trends are measured for the neighborhood, not the property, and sit below national medians; however, relatively accessible local rents and an elevated ownership cost environment can sustain a dependable tenant base and support lease retention for well-maintained assets. According to CRE market data from WDSuite, the surrounding stock skews older, which enhances the relative competitiveness of a mid-1990s asset with targeted upgrades.
Key considerations include leveraging value-add scope to differentiate from 1980s-era comparables, managing affordability to preserve renewals, and positioning around drive-to employment and services. Prudent capital planning for systems and curb appeal should align with demand from renters seeking functional housing at attainable price points.
- Mid-1990s construction offers competitive positioning versus older neighborhood stock with targeted upgrades
- Renter-occupied share above national median supports depth of tenant base and occupancy stability
- Relatively accessible neighborhood rents aid lease-up and renewal strategy
- Elevated ownership costs in the area reinforce reliance on rental housing, supporting pricing power
- Risk: Neighborhood occupancy runs below national medians; proactive leasing and asset quality are important