| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 30th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1040 W Cameron Ave, Rockdale, TX, 76567, US |
| Region / Metro | Rockdale |
| Year of Construction | 1986 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1040 W Cameron Ave Rockdale Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing in the immediate neighborhood and accessible day-to-day amenities, according to WDSuite’s CRE market data. Occupancy is steady locally with operational upside through disciplined leasing and targeted upgrades.
This Inner Suburb location ranks 2nd among 14 Milam County neighborhoods (A-rated), signaling competitive positioning within the county. Everyday services are convenient: amenities are strongest in-county, with cafes, childcare, and pharmacies near the top locally and mid-to-upper range versus neighborhoods nationwide.
The share of housing units that are renter-occupied is the highest among 14 county neighborhoods and sits in the top quartile nationally, indicating depth in the tenant base and support for leasing continuity. Neighborhood occupancy is above the county median (ranked 6 of 14) but below national norms, suggesting potential to capture incremental performance via focused renewals and marketing.
Built in 1986, the asset is newer than the neighborhood’s average vintage (1972). That typically provides a competitive edge over older stock while still warranting attention to aging systems and selective modernization to meet current renter expectations.
Demographic indicators aggregated within a 3-mile radius reflect modest incomes and a trend toward smaller household sizes in recent years. For investors, this points to stable demand for functional, value-oriented units and underscores the importance of pricing discipline and service-driven retention.
Home values are on the lower end nationally, which can introduce some competition from ownership options. Even so, rent-to-income levels are manageable locally, which can support lease retention when paired with prudent rent setting and consistent resident experience.
Comparable neighborhood crime metrics are not available in WDSuite for this area, so no metro rank or national percentile can be cited. Investors should review city and county sources to benchmark Rockdale within Milam County trends and calibrate property-level measures appropriate for a 1980s garden-style community.
Regional employers within commuting range help diversify the renter base and support leasing stability, particularly across insurance, financial services, materials, technology, and industrial gases.
- Farmers Insurance - Doug Gaul — insurance (32.5 miles)
- Raymond James — financial services (39.5 miles)
- Arconic — aerospace & materials (40.4 miles) — HQ
- Dell Technologies — technology (41.0 miles) — HQ
- Airgas — industrial gases (44.2 miles)
This 61-unit, 1986-vintage asset benefits from a renter-oriented neighborhood that ranks competitively within Milam County. The area’s high renter concentration supports a deeper tenant base, while everyday services nearby add to livability. According to CRE market data from WDSuite, neighborhood occupancy trends are steady but leave room for operational outperformance through renewals, marketing, and light value-add.
Relative to older local stock, the 1986 construction should aid leasing competitiveness, though planning for system upgrades and selective interior refreshes remains prudent. Demographic signals within a 3-mile radius point to modest incomes and smaller households, reinforcing demand for functional, value-priced units and careful rent management. Home values are comparatively low in national context, creating some competition from entry-level ownership but also supporting retention when rents are kept in line with local affordability.
- High renter concentration supports demand depth and lease continuity
- 1986 vintage offers competitive positioning versus older neighborhood stock
- Steady neighborhood occupancy with operational upside via renewals and marketing
- Value-oriented renter profile favors functional units and disciplined pricing
- Risks: small-market scale, below-national occupancy norms, and potential competition from ownership