| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 54th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Woodgate Dr, Woodway, TX, 76712, US |
| Region / Metro | Woodway |
| Year of Construction | 1996 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 Woodgate Dr, Woodway TX 60-Unit Multifamily
Neighborhood fundamentals point to steady renter demand and occupancy in the mid-90% range, according to WDSuite s CRE market data. This inner-suburban location in the Waco metro offers scale with 60 units and exposure to a renter-heavy area, measured at the neighborhood level rather than the property.
Situated in Woodway s inner-suburban fabric of the Waco metro, the neighborhood posts an A+ rating and ranks 1st out of 92 metro neighborhoods, signaling strong overall livability and competitive investment appeal. Amenity access is above the national median (72nd percentile), with food, parks, groceries, and daily-needs options supporting resident convenience and lease retention.
Schools are a relative strength, with the neighborhood s average rating placing in the top quartile nationally (75th percentile), an attribute that can support family-oriented renter demand and longer tenure. Neighborhood occupancy ranks in the top quartile among 92 metro neighborhoods, indicating comparatively stable leasing conditions versus the broader Waco market.
Tenure patterns show a high share of renter-occupied housing units (neighborhood metric), which deepens the local tenant base for multifamily. Median contract rents sit around the middle of national distributions, while the value-to-income profile is elevated for the region, suggesting ownership is a higher-cost path relative to incomes; for multifamily, that can reinforce reliance on rental options, though it warrants attentive lease management where rent-to-income pressure is present.
Within a 3-mile radius, population and household counts have grown over the last five years with further increases forecast, implying a larger tenant base ahead and support for occupancy stability. Based on CRE market data from WDSuite, the submarket s amenity and school positioning, together with renter concentration and projected household growth, align with investor interest in durable suburban demand drivers.
Safety indicators are mixed and should be evaluated in context. At the metro level, the neighborhood s crime rank is near the middle of 92 Waco-area neighborhoods, while nationally it tracks close to the median (46th percentile). Recent trends show property offenses declining over the past year, whereas violent offenses increased; investors may wish to monitor whether the downtrend in property crime persists and whether violent crime normalizes toward metro patterns.
Built in 1996, the asset is newer than the neighborhood s average vintage and should compete well against older stock while still offering potential upside through targeted modernization and systems updates. Neighborhood occupancy sits in the stronger tier within the Waco metro and the surrounding 3-mile area shows growth in population and households, supporting a larger tenant base and potential leasing durability all grounded in commercial real estate analysis from WDSuite as a data source.
The area s higher renter concentration indicates depth of demand for multifamily, and school and amenity positioning compare favorably at the national level. Ownership costs run relatively elevated versus incomes, which can sustain multifamily reliance; however, above-average rent-to-income levels at the neighborhood scale call for disciplined pricing and retention strategy.
- Newer 1996 vintage relative to area average, with value-add via selective renovations
- Neighborhood occupancy ranks in the top quartile among 92 Waco neighborhoods, supporting leasing stability
- 3-mile population and household growth expand the renter pool and support absorption
- Schools and amenities compare well nationally, aiding retention and pricing power
- Risk: Elevated rent-to-income at the neighborhood level suggests careful rent setting and renewal management