| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 55th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1450 Yeomans Rd, Abilene, TX, 79602, US |
| Region / Metro | Abilene |
| Year of Construction | 2007 |
| Units | 68 |
| Transaction Date | 2013-03-20 |
| Transaction Price | $20,437,500 |
| Buyer | YEOMANS ROAD APARTMENTS LLC |
| Seller | ABILENE LEXINGTON COURT LLC |
1450 Yeomans Rd Abilene 68-Unit Multifamily Asset
Newer 2007 construction in an inner-suburban pocket with a high renter-occupied share supports a steady tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy trends are above the Abilene metro median, pointing to durable leasing fundamentals.
Situated in an Inner Suburb of Abilene, this property benefits from a neighborhood rated A+ and ranked 2nd out of 67 metro neighborhoods—placing it in the top quartile locally. Amenity access is a standout: parks, childcare, cafes, and pharmacies score in the upper ranges nationally, with several categories in the top quartile, reinforcing day-to-day convenience that supports renter retention.
Neighborhood occupancy is above the metro median among 67 Abilene neighborhoods, though roughly in line with national medians. The renter-occupied share is elevated (top quartile nationally), indicating a deep pool of multifamily demand and potential resilience across cycles. Median contract rents in the neighborhood have risen meaningfully over the last five years, signaling pricing momentum without departing materially from national mid-range levels.
Schools average around mid-range performance nationally, which may moderate some family-driven demand compared with stronger school districts, but the area’s amenity density and service access partially offset that for many renter segments. Home values remain comparatively accessible versus national markets, which can introduce some competition from ownership; however, rent-to-income metrics suggest manageable affordability pressure that can aid lease retention and reduce turnover risk.
The asset’s 2007 vintage compares favorably to the neighborhood’s older housing stock (average year 1965 across 67 metro neighborhoods). This relative youth can enhance competitiveness versus nearby properties while still warranting targeted updates to building systems and interiors as part of value-add planning.
Neighborhood safety indicators are around the Abilene metro median (34th of 67 neighborhoods), while comparative national positioning is moderately favorable, with overall conditions safer than many areas nationwide. For investors, this translates to broadly stable perceptions that neither strongly hinder nor disproportionately drive leasing.
Recent trend data is constructive: both property and violent offense estimates improved sharply year over year, placing the neighborhood among stronger improvers nationally. Sustained improvement would support renter confidence and retention, but conditions can vary by micro-location and over time, so prudent underwriting should remain conservative.
The 68-unit property at 1450 Yeomans Rd combines a renter-heavy neighborhood profile with above-metro occupancy and a 2007 vintage that competes well against older local stock. Amenity density ranks among the best in Abilene (top performers across parks, childcare, cafes, and pharmacies), supporting day-to-day convenience and leasing durability. Median rents have advanced over the past five years while rent-to-income levels indicate manageable affordability pressure, which can aid retention. Based on CRE market data from WDSuite, the area’s overall standing is top tier within the metro, with safety trends improving year over year.
Forward-looking demographics aggregated within a 3-mile radius point to meaningful growth in households and incomes over the next five years, expanding the local renter pool and reinforcing demand for professionally managed multifamily housing. Investors should still account for competition from relatively accessible homeownership options and average school ratings when calibrating rent growth and renewal strategies, and consider selective upgrades to capitalize on the property’s 2007 vintage positioning.
- Renter-heavy neighborhood and above-metro occupancy support leasing stability
- 2007 construction offers competitive positioning versus older area stock with targeted value-add potential
- Strong amenity access (parks, childcare, cafes, pharmacies) reinforces retention and absorption
- 3-mile forecasts show household and income growth, expanding the tenant base
- Risks: average school ratings and accessible ownership options may temper pricing power