| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 71st | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3315 Godfrey St, Midland, TX, 79707, US |
| Region / Metro | Midland |
| Year of Construction | 1982 |
| Units | 85 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3315 Godfrey St Midland Multifamily Investment
Neighborhood occupancy is competitive and renter demand is supported by strong amenities and income levels, according to WDSuite’s CRE market data. This location presents a straightforward cash-flow screen with operational upside from thoughtful renovations.
Rated A- and ranked 9 out of 47 Midland neighborhoods, this Inner Suburb location sits in the top quartile among local peers for overall neighborhood quality. Restaurant and cafe density is a clear strength (both in the high 80s to low 90s national percentiles), while parks access is similarly strong. Daily-needs retail is thinner in the immediate blocks (grocery and pharmacy options score lower), so residents typically rely on short drives for essentials — consistent with Midland’s car-oriented pattern.
Multifamily fundamentals are constructive: neighborhood occupancy is competitive among 47 Midland neighborhoods and has trended upward over the last five years. At the metro level, rent-to-income positioning is favorable (roughly 0.11 in this neighborhood), which supports lease stability and measured pricing power rather than aggressive concessions. Average school ratings near 3 out of 5 place the area above the metro median for educational options.
Within a 3-mile radius, demographics show a mixed but investable setup. Households increased recently and are projected to expand further, with smaller average household sizes — a combination that can grow the renter pool and support occupancy. The share of housing units that are renter-occupied sits near two-fifths today, indicating a meaningful tenant base for an 85-unit asset.
Home values in the neighborhood are elevated relative to income, reinforcing reliance on multifamily rentals and aiding retention. The average construction year in the area skews to the mid-1990s; by comparison, this property’s 1982 vintage is older, which points to potential value-add via unit and system updates to remain competitive against newer stock.
Safety trends are broadly around the Midland metro median, with recent year-over-year reductions in both violent and property incidents signaling improvement. In national context, the neighborhood’s safety profile is mid-range, but the direction of change has been favorable, which can support renter retention and leasing consistency if maintained.
As with any inner-suburban location, outcomes vary block to block; investors typically underwrite to current trend lines and property-level measures. Comparative framing against 47 Midland neighborhoods indicates performance that is competitive locally with improving momentum rather than outlier risk.
3315 Godfrey St offers a durable renter base supported by strong amenity access and competitive neighborhood occupancy. Based on CRE market data from WDSuite, this area’s rent-to-income positioning and A- neighborhood rating suggest steady leasing with measured pricing power. The 1982 vintage creates a clear path for value-add through interior modernization and selective capital improvements to stand out versus the mid-1990s average neighborhood stock.
Within a 3-mile radius, households are increasing and average household size is trending smaller, expanding the addressable renter pool and supporting occupancy stability. Elevated ownership costs in the neighborhood further sustain reliance on rentals, while the local amenity mix (parks, restaurants, cafes) enhances livability and retention. Key underwriting considerations include executing renovations efficiently and monitoring any drift toward higher owner-occupancy over time.
- Competitive neighborhood occupancy and favorable rent-to-income dynamics support stable cash flow.
- 1982 vintage provides value-add upside via unit and system upgrades versus newer nearby stock.
- 3-mile household growth and smaller household sizes expand the local renter pool.
- Elevated for-sale housing costs reinforce reliance on multifamily, aiding lease retention.
- Risk: thinner immediate daily-needs retail and potential gradual shift toward ownership warrant conservative underwriting.