2250 Vogel St, Abilene TX Multifamily Investment

This Inner Suburb location offers practical access to daily needs, with grocery options comparatively denser than many parts of the metro while cafes, parks, and pharmacies are limited. For investors, that mix signals everyday convenience for residents but fewer lifestyle anchors within immediate blocks, which can influence marketing strategy and amenity programming.

Construction in the neighborhood skews older than this property’s 1984 vintage (neighborhood average year built 1972). Being newer than nearby stock can provide relative competitiveness on systems and layouts; however, investors should plan for selective modernization to meet today’s renter expectations and support retention.

Renter-occupied housing share in the neighborhood ranks 12 of 67, placing it in the top quartile locally and indicating a solid base of multifamily demand. Neighborhood occupancy rates sit below the national median but have improved over the past five years, suggesting gradual stabilization rather than structural softness. Median asking rents in this area track below national benchmarks, and a rent-to-income profile around one-fifth supports lease retention and measured pricing power.

Within a 3-mile radius, demographics indicate a broadly stable population with a modest dip in total residents, offset by signals of household reconfiguration. Projections point to higher household incomes and smaller average household sizes over the next five years, which typically expands the renter pool for well-managed properties and supports occupancy stability. Elevated growth in families in recent years also aligns with demand for larger floor plans; this asset’s above-average unit sizes can be a differentiator in that context. Based on multifamily property research from WDSuite, lower neighborhood home values create a more accessible ownership landscape, which can compete with rentals; operators can mitigate this by emphasizing convenience, unit size, and professional management.