| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 26th | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 W Fulton St, Mathis, TX, 78368, US |
| Region / Metro | Mathis |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 W Fulton St, Mathis TX Multifamily Investment
Positioned in a rural submarket where renter demand is supported by lower relative rents and steady local occupancy, this 36-unit asset offers durable cash-flow potential, according to CRE market data from WDSuite.
Mathis is a rural neighborhood within the Corpus Christi, TX metro with a C+ neighborhood rating. Amenities score competitively among 121 metro neighborhoods, placing it competitive among Corpus Christi neighborhoods, with everyday needs like groceries and parks represented at moderate levels. School options rate below national averages, which can influence family-driven leasing dynamics.
Neighborhood occupancy is in the mid-80s and roughly one-third of housing units are renter-occupied. For investors, that renter concentration suggests a modest but dependable tenant base for workforce-oriented product and supports lease stability when pricing aligns with local incomes.
Within a 3-mile radius, households have increased modestly over the past five years even as population edged down, indicating smaller household sizes and a gradual shift toward more households per capita. Forward-looking projections within the same 3-mile radius indicate further household growth and smaller average household sizes, which can expand the local renter pool and support occupancy over time.
Vintage matters here: the neighborhood’s average construction year trends older than 1970, while this property was built in 1985. Being newer than much of the surrounding stock, the asset can compete well against older comparables; however, systems from the 1980s may warrant targeted capital planning or modernization to maintain leasing competitiveness.
Home values in the area are low relative to national norms, which can create some competition with entry-level ownership. That said, local rents trend at the lower end of the metro, reinforcing the role of multifamily as an accessible option for cost-conscious households and helping underpin tenant retention and steady absorption.
Safety signals are mixed and should be evaluated at the neighborhood—not property—level. Compared with 121 Corpus Christi metro neighborhoods, overall crime ranks in a less favorable tier (lower rank indicates higher crime). Nationally, the neighborhood sits above average safety percentiles, indicating comparatively better standing versus many U.S. neighborhoods.
Recent trends diverge by category: violent offense rates improved sharply year over year, positioning the area in a stronger national percentile, while property offense measures rose in the most recent period. Investors should underwrite to current security practices, lighting and visibility, and consider partnership with professional management to support resident experience.
Built in 1985 with 36 units, the property is newer than much of the neighborhood stock, giving it an edge versus older assets while still benefiting from value-add opportunities typical of 1980s construction. Rents in the surrounding area sit at the lower end of the metro, supporting a stable workforce tenant base and lease retention, and household counts within a 3-mile radius are expected to rise even as household sizes trend smaller—pointing to incremental renter pool expansion and potential occupancy stability. Based on commercial real estate analysis from WDSuite, local occupancy sits in the mid-80s and the neighborhood’s renter-occupied share near one-third provides depth without overreliance on transient demand.
Counterpoints include below-average school ratings, a recent uptick in property-related offenses, and income levels that can temper rent growth. Underwriting should emphasize pragmatic unit finishes, efficient turns, and expense control, with selective renovations to compete against older inventory and capture affordability-driven demand.
- 1985 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Workforce-oriented demand supported by lower relative rents and modest, diversified renter base
- 3-mile household growth and smaller household sizes support occupancy and leasing resilience
- Operational focus on expense control and selective upgrades can enhance yield in a value-conscious market
- Risks: below-average school ratings, recent property crime uptick, and income-sensitive rent growth