| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 26th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 N Madison St, Madisonville, TX, 77864, US |
| Region / Metro | Madisonville |
| Year of Construction | 1981 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
701 N Madison St, Madisonville TX — Multifamily Investment Outlook
Steady neighborhood occupancy and an elevated renter-occupied share point to a durable tenant base, according to WDSuite’s CRE market data. Location fundamentals in Madison County support small-unit demand and operational stability.
Rated A- and ranked 3rd of 9 in Madison County, this neighborhood is competitive among Madison County neighborhoods and shows balanced fundamentals for small multifamily. Neighborhood occupancy trends have inched higher over the past five years, indicating steady leasing conditions rather than volatility.
Livability is serviceable for a smaller Texas market: restaurants are present at levels comparable to national norms, and nearby parks test above many areas nationally, while cafes and pharmacies are relatively limited. Grocery access is present but not dense. These dynamics suggest daily needs can be met locally, though residents may rely on a modest mix of neighborhood providers.
Within a 3-mile radius, population growth over the last several years expands the potential renter pool, supporting occupancy stability for workforce-oriented units. Renter-occupied housing accounts for a sizable share of neighborhood units, reinforcing depth of demand for multifamily and reducing leasing risk across cycles. For investors conducting multifamily property research, these patterns align with persistent, needs-based rental demand rather than discretionary moves.
Vintage skews somewhat older than the neighborhood average (1981 versus late-1980s locally), which introduces routine capital planning needs but also positions value-add strategies to modernize interiors and improve competitive standing against newer stock.
Ownership costs in the area are relatively accessible by national comparison, which can create some competition with entry-level ownership options. Even so, a strong renter concentration and manageable rent-to-income dynamics suggest retention can be supported with thoughtful lease management and targeted upgrades.
Neighborhood safety indicators benchmark favorably: based on WDSuite’s data, the area ranks 1st of 9 within Madison County and sits in the top quartile nationally for several crime measures. This positions the neighborhood above the metro average on comparative safety.
Recent trends are mixed: property offenses have declined over the last year, while violent offense estimates show an uptick. For investors, this argues for standard security and lighting enhancements during renovations and continued coordination with local management practices to sustain resident confidence.
This 36-unit asset’s small-format units align with needs-based demand in a renter-heavy neighborhood where occupancy has been stable and incremental gains have been recorded over the past five years. According to CRE market data from WDSuite, local indicators point to a sizable renter base and rent levels that sit comfortably against incomes, supporting lease retention and measured pricing power.
Built in 1981, the property is somewhat older than surrounding stock, creating a clear value-add path through targeted interior modernization and systems updates. Demographic growth within a 3-mile radius adds to the long-term renter pool, while relatively accessible ownership costs in the area may cap outsized rent growth—favoring an operational focus on retention, amenities, and expense control.
- Stable neighborhood occupancy and elevated renter concentration support durable demand
- 1981 vintage offers value-add potential via interior upgrades and modernization
- Growing 3-mile population broadens the tenant base over time
- Manageable rent-to-income dynamics aid retention and consistent leasing
- Risk: comparatively accessible ownership options may temper peak rent growth