| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 47th | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 Hailey St, Sweetwater, TX, 79556, US |
| Region / Metro | Sweetwater |
| Year of Construction | 1983 |
| Units | 36 |
| Transaction Date | 2025-05-09 |
| Transaction Price | $6,570,200 |
| Buyer | CDT REAL ESTATE LLC |
| Seller | JOSEPH MORRIS HANTMAN LLC |
1701 Hailey St Sweetwater Multifamily Value-Add Opportunity
Neighborhood affordability and steady household growth within a 3-mile radius suggest a durable tenant base, according to WDSuite’s CRE market data. Investors should balance this with submarket occupancy headwinds and limited nearby amenities when underwriting.
The property sits in a Suburban neighborhood in Sweetwater, TX with a B neighborhood rating and a rank of 4 out of 9 among metro neighborhoods — above the metro median, based on CRE market data from WDSuite. Restaurants are comparatively present (nationally around the upper quartile), while cafes, groceries, parks and pharmacies are sparse in the immediate neighborhood, which may favor residents who prioritize basic convenience over walkability.
The average construction year in the neighborhood is 1978. With a 1983 vintage, this asset is somewhat newer than the surrounding stock, which can support competitive positioning versus older properties; however, investors should still plan for selective system updates or common-area refreshes typical of 1980s construction.
Within a 3-mile radius, demographics indicate a largely stable population with a modest increase in households over the last five years, which supports a larger tenant base and occupancy stability. Forward-looking projections point to additional household growth by 2028, implying more renters entering the market and potential support for lease-up and retention.
Local housing and income context is favorable for renter retention: neighborhood rent-to-income ranks in a high national percentile, indicating comparatively low rent burden, while home values sit below national medians. This combination can sustain leasing stability but may temper near-term pricing power; in accessible ownership markets, operators often compete on quality, service, and renovations rather than rate alone.
Comparable neighborhood crime metrics were not available in WDSuite for this location, so investors should rely on multiple sources and trend reviews at the city and county levels for context. Framing safety at the broader regional scale can help assess tenant retention and operating practices without overinterpreting block-level variation.
Employer proximity data with precise distances is not available in WDSuite for this address at this time. Investors may consider regional healthcare, education, energy, and services employers when evaluating commute patterns and leasing demand.
This 36-unit, 1983-vintage asset presents a practical value-add angle in a suburban Sweetwater location where neighborhood affordability and a growing household base within 3 miles support renter demand. According to CRE market data from WDSuite, the neighborhood sits above the metro median overall, restaurants are present but other amenities are limited, and rent levels relative to income suggest room for retention-focused strategies rather than aggressive near-term rent pushes.
Relative to the neighborhood’s older average vintage, the property’s 1983 construction can compete with legacy stock, with targeted renovations offering upside. Key risks include low neighborhood-level occupancy readings and competition from accessible ownership options, which point to the importance of focused capital planning, leasing execution, and value-oriented improvements.
- Household growth within 3 miles indicates a larger tenant base and supports occupancy stability.
- 1983 vintage is newer than local average, enabling competitive positioning with targeted upgrades.
- Favorable rent-to-income dynamics support retention-led operations over price-driven strategies.
- Risk: Neighborhood-level occupancy is weak, requiring disciplined leasing and marketing execution.
- Risk: Limited nearby amenities and relatively accessible ownership can increase competition for residents.