| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 48th | Good |
| Amenities | 11th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5001 Avenue F, Bay City, TX, 77414, US |
| Region / Metro | Bay City |
| Year of Construction | 1975 |
| Units | 96 |
| Transaction Date | 2016-02-01 |
| Transaction Price | $2,300,000 |
| Buyer | BAY CITY INVESTMENTS LLC |
| Seller | NEW HAVEN ONE APARTMENTS LLC |
5001 Avenue F, Bay City TX Multifamily Opportunity
Stabilizing renter demand and an above-median neighborhood occupancy backdrop position this asset for steady operations, according to WDSuite’s CRE market data. The immediate area skews renter-occupied, supporting multifamily leasing depth in a value-oriented Gulf Coast market.
Bay City’s Inner Suburb setting offers a practical, value-focused renter base rather than a high-amenity environment. Neighborhood retail and leisure density are modest by national standards, though grocery access is comparatively better within the metro. For investors, this trade-off can translate into dependable workforce housing demand with less exposure to premium-amenity expectations.
Renter-occupied share is high at the neighborhood level, indicating a deep pool of multifamily tenants and supporting leasing stability. Neighborhood occupancy sits above the metro median and has improved over the last five years, a constructive signal for renewals and pricing discipline through typical cycles, based on CRE market data from WDSuite.
Home values in the neighborhood are lower relative to national norms. In practice, a more accessible ownership market can introduce competition for some renters; however, the area’s renter concentration and the neighborhood’s above-median occupancy suggest ongoing reliance on multifamily options. Rent-to-income metrics are moderate for the area, which can aid retention and limit concessions management in typical operating periods.
Demographic statistics within a 3-mile radius show households and families have increased in recent years even as total population was roughly flat, implying smaller household sizes and a broader base of housing demand. Forward-looking projections point to growth in both population and households over the next five years, which would expand the local renter pool and support occupancy and absorption if realized.
Vintage and property positioning: The property’s 1975 construction is older than the neighborhood’s average vintage. That age profile suggests clear value-add and capital planning opportunities (exteriors, unit interiors, and systems) to enhance competitiveness against newer stock while maintaining an attainable rent position.
Comparable safety benchmarks for this neighborhood are not available in the current dataset. Investors typically assess safety by comparing neighborhood trends to metro and national baselines and by reviewing multi-year directionality. In the absence of ranked or percentile data, it is prudent to underwrite conservatively and supplement with third-party reports and on-the-ground diligence.
Employer proximity details with reliable distances are not available for this address in the current release. Investors commonly pair local employer mapping with commute-time analysis to gauge leasing depth and retention risk.
This 96-unit, 1975-vintage community aligns with a renter-heavy neighborhood where occupancy trends are above the metro median, supporting steady leasing. According to CRE market data from WDSuite, the area’s renter concentration and improving neighborhood occupancy provide a foundation for income stability, while the property’s older vintage points to actionable value-add and capital planning to bolster competitiveness.
Within a 3-mile radius, recent years show rising household counts and families alongside relatively flat population, implying smaller households and a larger tenant base. Looking ahead, projections indicate further population and household growth, which would expand the renter pool and support occupancy and rent durability if realized. Local home values are comparatively lower nationally, which can introduce ownership competition, but the neighborhood’s renter concentration and above-median occupancy mitigate that risk for well-positioned multifamily assets.
- Renter-heavy neighborhood with above-median occupancy supports leasing stability
- 1975 vintage offers clear value-add and capital planning pathways
- 3-mile household growth and projections point to a larger tenant base
- Value-oriented positioning with moderate rent-to-income aids retention
- Risks: limited amenity density and potential competition from ownership options in a lower-cost market