| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Fair |
| Demographics | 28th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Avenue F, Bay City, TX, 77414, US |
| Region / Metro | Bay City |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2013-07-16 |
| Transaction Price | $2,296,900 |
| Buyer | IAP BAY CITY BB HOUSING LLC |
| Seller | TYREE CHAPEL MANOR LTD |
800 Avenue F, Bay City TX Multifamily Investment
Neighborhood signals point to a competitive Bay City submarket with improving renter concentration and steady amenity access, according to WDSuite’s CRE market data. Focus is on durable tenant demand rather than outsized rent growth.
This Inner Suburb neighborhood is rated B+ and ranks 6th among 18 Bay City neighborhoods, indicating it is competitive among Bay City neighborhoods. Amenity access is a local strength: grocery and restaurant density rank at or near the top of the metro, and café availability sits in the top quartile nationally, supporting day-to-day convenience that helps leasing and retention.
Neighborhood occupancy has trended up over the past five years and sits near the metro middle, suggesting generally stable demand without clear overheating. At the same time, the renter-occupied share of housing is among the higher in the metro, providing a meaningful tenant base for multifamily assets and depth for leasing funnels. School ratings are not available here; investors should underwrite based on observed leasing performance rather than assumptions about school-driven demand.
Within a 3-mile radius, recent years show a modest population pullback but projections point to population growth and a substantial increase in households ahead, implying smaller average household sizes and a larger renter pool over time. This pattern typically supports occupancy stability and a broader applicant pipeline.
Home values in the neighborhood are lower relative to national norms, which can create some competition from ownership options. However, rent-to-income levels are modest by national comparison, a combination that can aid lease retention and measured pricing power when paired with attentive lease management. The local housing stock skews older (average vintage early 1960s), while the subject property’s 1980 construction is comparatively newer, offering a competitive edge versus mid-century assets, with room for targeted modernization to capture value-add upside.
Comparable safety metrics for this neighborhood are not available in WDSuite for the current period. Investors commonly benchmark property-level risk using local law enforcement reports, insurer loss histories, and on-the-ground observation to complement regional trend data.
Major employer proximity data with verified distances is not available for this address in WDSuite at this time. Investors should supplement with local employer mapping to gauge commute-driven renter demand and retention potential.
Built in 1980, the asset is newer than much of the surrounding Bay City housing stock, positioning it competitively against older properties while still offering scope for selective renovations and system upgrades. According to CRE market data from WDSuite, neighborhood occupancy has improved over the last five years and renter concentration is relatively high for the metro, indicating a steady tenant base that supports leasing and renewal performance.
Neighborhood amenities—particularly grocery, restaurant, and café access—are strong for a small metro, reinforcing day-to-day convenience that underpins retention. While ownership is comparatively accessible in this market, rent-to-income levels appear manageable, suggesting operators can balance occupancy and pricing through disciplined lease management. Forward-looking 3-mile demographics indicate population growth and a notable increase in households, which typically expands the renter pool and supports long-term demand.
- Competitive neighborhood standing within Bay City with improving occupancy trends and a sizeable renter base
- 1980 vintage offers a relative edge versus older stock with potential value-add through targeted upgrades
- Strong daily-needs amenities (grocery, restaurants, cafés) support leasing velocity and retention
- 3-mile projections show population and household growth, expanding the renter pool over time
- Risk: comparatively accessible homeownership may compete with rentals—prioritize renewal strategy and product differentiation