| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 21st | Poor |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 E Crest Dr, Waco, TX, 76705, US |
| Region / Metro | Waco |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2008-04-01 |
| Transaction Price | $197,000 |
| Buyer | US BANK NA |
| Seller | KASPRZAK MILDRED ANN |
1910 E Crest Dr Waco Multifamily Investment
Neighborhood occupancy has been resilient and renter demand is supported by manageable rent-to-income dynamics, according to WDSuite’s CRE market data. This positioning can help smaller assets maintain leasing stability while pricing remains disciplined under local market conditions.
Situated in a predominantly rural pocket of Waco, the property benefits from neighborhood occupancy that ranks competitively among 92 metro neighborhoods and sits in the top quartile nationally by percentile. This indicates a relatively steady leasing backdrop for multifamily, though investors should note that these occupancy figures describe the neighborhood rather than the property.
Renter-occupied housing accounts for roughly one-third of units in the immediate neighborhood, a level that supports a stable but not overly deep tenant base. Within a 3-mile radius, households have grown in recent years and are projected to expand further, suggesting a larger tenant pool over time that can support occupancy stability. The local rent-to-income ratio trends favorable (nationally above average by percentile), which can aid retention and reduce turnover risk, though it may also moderate near-term pricing power.
Amenities in the neighborhood are limited, with groceries present at levels competitive among Waco neighborhoods but fewer parks, pharmacies, cafes, and childcare options nearby. For investors, the amenity-light environment generally aligns with workforce housing dynamics and value-conscious renters, but it may require more attention to on-site features or operational programming to support leasing.
Home values in the neighborhood are lower compared with many U.S. areas (national percentile in the lower quartiles). That ownership landscape can introduce some competition from entry-level buying, yet it also reinforces the appeal of accessible rental options for households prioritizing flexibility. Average school ratings in the area are below metro and national norms, which may influence the tenant mix and emphasizes the importance of aligning unit finishes and pricing with demand from singles, couples, and smaller households rather than family-oriented renters.
The asset’s 1972 vintage is older than the neighborhood’s average construction year, pointing to capital planning needs and potential value-add upside through targeted renovations, system upgrades, and modernization. For investors, the key is balancing renovation scope with the neighborhood’s rent levels to preserve absorption and lease retention.
Specific neighborhood crime metrics were not available in WDSuite for this location at publication. In the absence of direct figures, investors commonly benchmark conditions against city and metro trends and monitor changes over time rather than relying on block-level impressions.
This 20-unit, 1972-vintage asset in Waco offers a straightforward workforce housing thesis: neighborhood occupancy performance is competitive within the metro and above national averages by percentile, and rent-to-income dynamics indicate manageable affordability pressure. According to CRE market data from WDSuite, these conditions support steady leasing while suggesting measured rent growth rather than aggressive mark-to-market. The older vintage implies clear value-add potential through selective upgrades calibrated to neighborhood pricing.
Demographic indicators within a 3-mile radius show recent growth in population and households, with further household expansion forecast, pointing to a gradually widening renter pool. Amenities are thinner in this rural-leaning location and school ratings trail metro norms, so durable performance will hinge on offering practical finishes, responsive management, and price points aligned with local demand.
- Neighborhood occupancy sits above national averages by percentile, supporting leasing stability
- Manageable rent-to-income dynamics aid retention and reduce turnover risk
- 1972 vintage presents value-add potential via targeted renovations and system updates
- 3-mile radius shows recent and forecast household growth, expanding the renter pool
- Risks: amenity-light setting and below-average school ratings may temper rent premiums