| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 75th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1105 Westwood Ln, Giddings, TX, 78942, US |
| Region / Metro | Giddings |
| Year of Construction | 1981 |
| Units | 60 |
| Transaction Date | 2023-08-11 |
| Transaction Price | $3,258,500 |
| Buyer | ORIGINAL KHAN PROPERTIES LLC |
| Seller | MAROON SKY LLC |
1105 Westwood Ln Giddings, TX Multifamily Investment
Neighborhood occupancy indicators rank among the strongest locally, supporting leasing stability for workforce-oriented rentals, according to WDSuite’s CRE market data. Investors should weigh depth of renter demand against the property’s rural positioning within Lee County.
Giddings is a rural node with limited amenity density nearby; residents typically rely on regional corridors for daily needs and services. For investors, that translates to car-dependent living and fewer lifestyle-driven leasing advantages on-site, but also lower competitive pressure from new retail-centric product in the immediate vicinity.
Neighborhood occupancy is a standout, ranking in the top quartile among 14 metro neighborhoods and in the top tier nationally, which supports expectations for stable rent rolls. At the same time, the share of renter-occupied housing is below the metro median among 14 neighborhoods, indicating a smaller local renter base and the need for targeted leasing to capture qualified tenants.
Ownership appears relatively accessible in this area compared with many U.S. markets, which can temper pricing power for rentals but may also support tenant retention for households prioritizing flexibility over ownership. Home value context should be viewed as a factor in renewal strategy and unit positioning, not a demand deterrent on its own.
Regional fundamentals are mixed but resilient: the area scored strongly on pandemic-era employment resilience, suggesting a labor market that can underpin steady tenancy even without dense local amenities. Benchmarking these neighborhood signals against metro and national cycles can help calibrate underwriting assumptions for rents, concessions, and hold periods.
Comparable safety data at the neighborhood level is not available in this dataset. For risk assessment, investors typically benchmark multi-year crime trends at the county and metro levels and corroborate with local law enforcement and insurance loss histories. This avoids over-interpreting block-level variability and provides a clearer view of long-term operating risk.
Regional employers within commuting distance can help support renter demand, particularly for workforce housing tied to services, manufacturing, and corporate back-office roles. The following nearby employers illustrate the broader job base accessible from the property.
- Farmers Insurance - Doug Gaul — insurance services (41.7 miles)
- Arconic — materials manufacturing (43.3 miles) — HQ
- Airgas — industrial gases & distribution (44.1 miles)
- Oracle Waterfront — technology offices (44.3 miles)
This 1981-vintage, rural Texas multifamily asset sits in a neighborhood where occupancy performance ranks among the strongest locally, supporting a case for stable cash flow under prudent operations. According to CRE market data from WDSuite, renter concentration is lower than the metro median among 14 neighborhoods, which implies a smaller tenant pool and a leasing story focused on workforce households that value proximity to regional corridors over amenity-rich microlocations.
Ownership costs in the area are relatively accessible compared with many national markets, which can moderate near-term pricing power but also encourages renters who favor flexibility to remain in the rental pool. Limited immediate amenities reduce lifestyle-driven competition, while proximity to broader regional employment nodes helps anchor steady, needs-based demand.
- Neighborhood occupancy ranks among the strongest locally, supporting leasing stability
- Rural positioning with limited nearby competition from amenity-heavy product
- Accessible ownership environment suggests balanced rent growth and renewal focus
- Commutable access to regional employers underpins workforce tenant demand
- Risk: Smaller renter base than metro peers requires targeted leasing and careful underwriting