| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 55th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 750 N Judge Ely Blvd, Abilene, TX, 79601, US |
| Region / Metro | Abilene |
| Year of Construction | 1978 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
750 N Judge Ely Blvd, Abilene TX — 1978 Multifamily Value-Add
Investor focus here is steady renter demand and neighborhood-level occupancy stability, according to WDSuite’s CRE market data, with leasing dynamics discussed at the neighborhood level rather than the property itself.
Positioned in Abilene’s inner-suburban fabric, the asset benefits from an A+ neighborhood that ranks 2 out of 67 metro neighborhoods—an indicator of strong renter livability. Amenity access is a standout: the area ranks first among 67 Abilene neighborhoods and sits in the top quartile nationally, a combination that supports daily convenience and can aid retention and leasing velocity.
Food-and-beverage options are competitive among Abilene neighborhoods (cafes and restaurants place within better-performing local cohorts), while parks and pharmacies also score well. These factors contribute to a well-served environment for workforce and student-adjacent renters, enhancing the day-to-day appeal without relying on destination amenities.
Multifamily fundamentals are balanced. Neighborhood occupancy is in the upper-80s with positive five-year momentum, pointing to demand that supports stabilization. Renter-occupied housing makes up 58% of units (ranked 5 of 67), signaling a deep tenant base for operators. Median asking rents land near the national middle, and five-year rent gains have been constructive—helping revenue while keeping rent-to-income in a manageable range for lease management.
Within a 3-mile radius, WDSuite indicates the recent population trend has been relatively flat, but households are projected to grow by 2028—expanding the renter pool and supporting occupancy over time. Median home values in the immediate neighborhood are below national medians; that context can introduce some competition from entry-level ownership, yet the local value-to-income backdrop and moderate rent-to-income ratio tend to support retention without overextending pricing power.
Vintage context: neighborhood stock skews older (average mid-1960s). With a 1978 vintage, the asset is newer than much of the surrounding inventory, offering competitive positioning versus older properties while leaving room for targeted system upgrades or cosmetic improvements to capture incremental rent premiums.
Safety conditions are comparatively solid versus regional peers and modestly above the national median, per WDSuite. The neighborhood sits around the middle of the pack among Abilene’s 67 neighborhoods, which, combined with an above-median national percentile, supports resident retention and leasing stability.
Recent WDSuite indicators show one-year declines in both violent and property offense rates at the neighborhood level—a constructive directional signal. Standard operating precautions remain prudent, but safety appears supportive rather than a headwind relative to regional and national benchmarks.
Verified employer proximity data with distances is not available in WDSuite for this address at publication time. Investors can underwrite demand with attention to Abilene’s healthcare, education, defense, and services employment base as potential drivers of workforce housing needs.
This 84-unit, 1978-vintage property presents an actionable value-add opportunity in an A+-rated Abilene neighborhood with top-ranked amenities and a high share of renter-occupied housing. Neighborhood occupancy is in the upper-80s with positive five-year momentum, and rent levels are workable relative to incomes—conditions that can support stable leasing and measured pricing. According to CRE market data from WDSuite, households within a 3-mile radius are projected to grow by 2028, expanding the tenant base and reinforcing long-term demand.
Being newer than much of the surrounding 1960s-era stock, the asset can compete well on fundamentals while benefiting from targeted renovations and system upgrades to unlock incremental rent. With home values below national medians and a manageable rent-to-income profile, investor focus can center on operational execution and selective capital planning, while acknowledging mid-pack safety positioning and typical late-1970s capex needs as underwriting considerations.
- A+ neighborhood ranked 2 of 67 with top-ranked amenities supports tenant appeal and retention.
- Upper-80s neighborhood occupancy and constructive five-year trend suggest stable demand.
- High renter concentration (ranked 5 of 67) underpins a deeper tenant base for leasing.
- 1978 vintage is newer than much of nearby stock, with value-add potential via targeted upgrades.
- Risks: mid-pack safety metrics and typical late-1970s capital planning should be underwritten.