| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 47th | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1715 Hailey St, Sweetwater, TX, 79556, US |
| Region / Metro | Sweetwater |
| Year of Construction | 1977 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1715 Hailey St Sweetwater TX Multifamily Investment Profile
Neighborhood indicators point to value-oriented renter demand with relatively low rent-to-income and generally modest ownership costs, according to WDSuites CRE market data. Investors should note submarket softness in occupancy while assessing in-place leasing and operational upside.
Located in Sweetwater, Texas, the property sits in a suburban neighborhood rated B that is above metro median overall (rank 4 out of 9 neighborhoods). Local living is practical rather than amenity-rich; restaurants are a relative bright spot competitively within the metro, while other everyday services are sparse nearby. For investors, this suggests a renter base oriented toward convenience and value rather than premium lifestyle offerings.
Rents in the neighborhood trend on the lower side relative to the metro (competitive among Sweetwater neighborhoods), and WDSuite data shows a low rent-to-income burden at the neighborhood level. That supports retention but can limit near-term pricing power. By contrast, the neighborhoods occupancy metric is currently soft compared with both metro peers and national benchmarks, indicating the need for conservative lease-up and renewal assumptions until demand tightens.
Within a 3-mile radius, demographics are stable with population largely flat recently and projections indicating moderate growth ahead alongside a decline in average household size. That combination can expand the renter pool over time. Roughly two-fifths of housing units within 3 miles are renter-occupied, signaling a meaningful base of multifamily demand that can support leasing, particularly for attainable product. Median home values in the neighborhood sit below many national markets, which can introduce some competition from entry-level ownership; however, ownership costs remain high enough in parts of the metro to sustain steady reliance on rental options.
Safety metrics specific to this neighborhood are not available in WDSuites current dataset. Investors typically benchmark neighborhood conditions against city and county trends and incorporate on-the-ground diligence (e.g., drive-bys at different times, local property manager input) to contextualize resident experience and leasing risk.
Built in 1977, the asset may benefit from targeted capital planning and value-add improvements to enhance competitiveness against newer stock while managing operating costs. Based on CRE market data from WDSuite, the surrounding neighborhood shows low rent-to-income, which supports resident retention, but submarket occupancy is soft, warranting disciplined underwriting on lease-up, renewals, and concessions.
Within a 3-mile radius, population is steady and households are projected to increase as average household size declines, pointing to a gradual expansion of the renter pool. Neighborhood rents remain value-oriented relative to incomes, and restaurant coverage outperforms other local amenities, aligning with workforce housing demand fundamentals. Key risks include competition from ownership where costs are accessible and the need to actively manage leasing in a softer occupancy environment.
- 1977 vintage offers value-add potential with focused CapEx and operational upgrades
- Low rent-to-income in the neighborhood supports retention and collections stability
- Steady population and projected household growth within 3 miles expand the future renter base
- Restaurant density outperforms other amenities, reinforcing everyday convenience for residents
- Risk: neighborhood-level occupancy is soft; expect conservative lease-up and potential concessions