| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 30th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1501 E Belton Ave, Rockdale, TX, 76567, US |
| Region / Metro | Rockdale |
| Year of Construction | 2013 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1501 E Belton Ave Rockdale Multifamily Built 2013
Neighborhood renter-occupied housing is elevated versus local peers, supporting a deeper tenant base and steadier leasing, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Rockdale with an A neighborhood rating and strong relative positioning — ranked 2 out of 14 neighborhoods in Milam County, indicating competitive fundamentals among county submarkets. Amenity access is favorable locally (best amenity rank among 14), and measures slightly above the national median, helping daily convenience for residents and supporting leasing appeal.
From an investor lens, occupancy in the surrounding neighborhood is in the high-80s (87.9%), with only a modest five-year slip, suggesting stable baseline demand. The share of housing units that are renter-occupied is high for the county (ranked 1 of 14 and in the top quartile nationally), which points to a broader tenant pool and supports occupancy stability for multifamily assets.
Demographic statistics aggregated within a 3-mile radius show population contraction over the past five years and smaller household sizes. While that tempers long-term demand growth, a rent-to-income ratio near 0.19 indicates lower affordability pressure relative to many markets, which can aid retention and reduce turnover risk. By contrast, relatively accessible ownership costs (low home values and value-to-income ratios) may create competition from entry-level for-sale options, warranting careful pricing and amenity positioning.
Local services are adequate for a workforce-renter profile, with groceries, pharmacies, and restaurants represented and neighborhood school ratings tracking below national norms (around the 26th percentile). Compared with older area stock (average construction year 1972 across the neighborhood), a 2013 vintage positions this asset as newer product, improving competitive standing versus legacy properties while still requiring routine capital planning as systems age.
Comparable, block-level safety metrics are not available for this neighborhood in WDSuite at this time. Investors typically benchmark property-level security measures and local policing trends against broader county and regional patterns to gauge leasing resilience and retention risk.
Regional employers within commutable distance include insurance, financial services, industrial manufacturing, and technology firms, which can support renter demand through diversified job bases and reasonable drive times.
- Farmers Insurance - Doug Gaul — insurance (34.1 miles)
- Raymond James — financial services (40.9 miles)
- Arconic — industrial manufacturing (42.1 miles) — HQ
- Dell Technologies — technology (42.6 miles) — HQ
Built in 2013 with scale for this market, the asset competes favorably against older neighborhood stock (average 1972), offering a relative edge in curb appeal and unit systems while still benefiting from routine, programmatic capex. Surrounding occupancy sits in the high-80s and the renter-occupied housing share is high for the county, signaling a deeper tenant base that can support leasing stability and steady renewal activity.
Population has contracted within 3 miles, which argues for disciplined underwriting; however, amenity access is locally competitive and rents appear manageable relative to incomes, aiding retention. According to CRE market data from WDSuite, these neighborhood patterns align with stable, utility-driven demand where pricing power is earned through maintenance, service quality, and thoughtful amenity positioning rather than rapid growth assumptions.
- 2013 vintage offers competitive positioning versus older neighborhood stock and moderates near-term capex needs
- High renter-occupied share supports a larger tenant pool and occupancy stability
- Locally competitive amenities and manageable rent-to-income levels bolster renewal prospects
- Risks: small-market exposure, population contraction within 3 miles, and competition from accessible entry-level homeownership