| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 53rd | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 231 Gene St, Buffalo, TX, 75831, US |
| Region / Metro | Buffalo |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
231 Gene St Buffalo TX Multifamily Investment
Small-unit asset in a renter-leaning suburban pocket with manageable rent-to-income dynamics that can support leasing stability, according to WDSuite’s CRE market data.
The property sits in a suburban neighborhood of Buffalo, Texas with an A+ neighborhood rating and a renter-leaning housing base. Neighborhood metrics are measured for the neighborhood, not the property. A majority of housing units are renter-occupied, indicating depth in the tenant base for small-format apartments and potential demand resilience across leasing cycles.
Local amenities are modest but functional for daily needs. Relative to the 16 neighborhoods in Leon County, childcare and pharmacy access are competitive among peers, while groceries and parks are limited. Schools test above many U.S. neighborhoods (top quartile nationally by average rating), which can support longer tenure for households that prioritize education.
Occupancy in the neighborhood trends below national norms, suggesting investors should focus on hands-on leasing and renewal management to maintain stability. At the same time, the renter-occupied share sits well above the metro median, which typically supports a larger tenant pool for workforce-oriented units. Median home values are lower than many U.S. areas, but the value-to-income relationship is comparatively high for the region, which can sustain reliance on rentals and help pricing power for well-managed multifamily properties.
Within a 3-mile radius, household sizes lean small, aligning with demand for efficient floor plans. With average unit sizes around 405 square feet, this asset’s format fits smaller-household demand profiles. Based on multifamily property research from WDSuite, rent burdens in the neighborhood are moderate, which can aid renewal rates and day-to-day collections management.
Comparable neighborhood-level safety data are limited in the current dataset for this location. Investors should benchmark trends against Leon County and similar rural-suburban Texas submarkets and supplement with on-the-ground diligence, police blotter reviews, and insurer guidance to understand directionality and any block-level patterns.
As with any small-market investment, consider lighting, access control, and visibility along approaches to the property, and evaluate how these measures may support resident retention and lender requirements over the hold period.
Local employment is diversified across small services, logistics along the I-45 corridor, and public sector roles. Proximity to these job nodes typically supports workforce housing demand and commute convenience for renters.
This 24‑unit, small-format asset targets a renter-heavy neighborhood with moderate rent burdens and smaller household sizes, supporting steady tenant demand for efficient apartments. According to CRE market data from WDSuite, neighborhood occupancy trends sit below national benchmarks, so performance should emphasize active leasing, renewals, and cost control, while the elevated renter concentration expands the leasing funnel.
Lower absolute home values in the area, paired with a comparatively high value-to-income relationship, suggest ownership remains a stretch for many households, reinforcing reliance on rentals and supporting retention for well-managed properties. The unit size profile aligns with local demographics within a 3‑mile radius, positioning the asset competitively against larger, less affordable layouts.
- Renter-heavy neighborhood supports a deeper tenant base for small units
- Moderate rent-to-income dynamics aid renewal and collections management
- Small household profiles within 3 miles align with 405 sq ft average unit size
- Risk: Neighborhood occupancy trails national norms—requires proactive leasing and retention