| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 30th | Poor |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Avenue M, Bay City, TX, 77414, US |
| Region / Metro | Bay City |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | 2023-06-28 |
| Transaction Price | $676,172 |
| Buyer | 801 AVE M BAY CITY |
| Seller | WILLIAM & ANITA BELL 2014 FAMILY TRUST |
801 Avenue M, Bay City TX Multifamily Investment
Neighborhood occupancy sits around the metro mid-point, and renter demand is supported by accessible rents and a moderate renter-occupied share, according to WDSuite’s CRE market data. The area’s amenity mix and regional employment access point to stable day-to-day livability for workforce tenants.
The property sits in a suburban Bay City location with everyday conveniences that matter to renters. Restaurant and pharmacy density test in the top quartile nationally, while grocery access is competitive locally, based on WDSuite’s CRE market data. This mix supports practical livability for workforce households and shortens errand trips.
Neighborhood occupancy is competitive among Bay City, TX neighborhoods (ranked 5 out of 18), suggesting steady leasing fundamentals relative to peers rather than outsized volatility. While school ratings trail national averages, the day-to-day amenity coverage offers a counterweight for renters prioritizing proximity to services over school performance.
Within a 3-mile radius, recent years show population softening but forecasts point to an increase in households alongside smaller average household sizes. For investors, that implies a broader tenant base over time and supports occupancy stability as more, smaller households seek rental options.
Renter-occupied units account for roughly a third of housing within 3 miles today, with forecasts indicating a higher renter concentration ahead. Combined with a rent-to-income profile that is stronger than many U.S. neighborhoods, the submarket supports lease retention and measured pricing power rather than heavy concessions.
Neighborhood-level crime benchmarking for this area is not available in WDSuite’s dataset, so comparative safety insights are limited. Investors typically complement market data with local public records and on-the-ground checks to confirm trends and any block-level nuances.
Regional employers provide broader job access that supports renter demand, with commute options suitable for workforce tenants. Notable nearby presence includes the following employer.
- Texas Instruments — semiconductor design and manufacturing (44.3 miles)
This Bay City asset aligns with workforce housing demand drivers: competitive neighborhood occupancy, a practical amenity mix, and a renter base that is expected to expand as household sizes shrink within a 3-mile radius. According to CRE market data from WDSuite, the area’s rent-to-income profile is favorable compared with many neighborhoods nationwide, supporting leasing stability and measured rent growth without overreliance on concessions.
Home values in the area are lower than many U.S. neighborhoods, which can create some competition from ownership; however, this also helps sustain renter reliance on multifamily housing for households prioritizing flexibility or lower upfront costs. Forecasts indicating growth in households point to a larger tenant base over time, which can support occupancy and reduce downtime between turns.
- Competitive neighborhood occupancy supports stable leasing versus metro peers
- Top-quartile restaurants/pharmacies and solid grocery access bolster day-to-day livability
- 3-mile forecasts show more households and smaller sizes, expanding the renter pool
- Favorable rent-to-income positioning suggests retention and measured pricing power
- Risks: softer school ratings, limited nearby anchor employers, and ownership competition