| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Good |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2000 Choctaw St, Mount Pleasant, TX, 75455, US |
| Region / Metro | Mount Pleasant |
| Year of Construction | 1981 |
| Units | 74 |
| Transaction Date | 2022-07-07 |
| Transaction Price | $6,273,074 |
| Buyer | 2000 SHADY OAKS LLC |
| Seller | JLR TEX PROPERTY LLC |
2000 Choctaw St Mount Pleasant Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by local amenities and schools, according to WDSuite’s CRE market data for Mount Pleasant. Figures cited reflect neighborhood-level conditions, not the specific property.
Positioned in an Inner Suburb setting of Mount Pleasant, this location ranks 1 out of 22 metro neighborhoods (A+ rating), placing it in the top quartile locally for overall livability. Neighborhood occupancy is high (ranked 2 of 22) and sits in the 90th percentile nationally, a signal of leasing stability for investors evaluating nearby comps.
Lifestyle access is competitive among Mount Pleasant neighborhoods, with grocery, pharmacy, and dining density all ranking near the top of the metro. School quality stands out with an average 4.0/5 rating (ranked 1 of 22), a top-quartile national position that can support family-oriented renter retention. Park access is limited, which is a modest consideration for marketing to outdoor-oriented residents.
The neighborhood’s renter-occupied share is 48.9% (ranked 2 of 22), indicating a deep tenant base for multifamily. Median contract rent levels and a rent-to-income ratio around 0.15 suggest manageable affordability that can aid lease retention and reduce turnover risk. Home values are relatively accessible in context, so some households may weigh ownership, but current ownership costs should continue to sustain rental reliance in this submarket.
Within a 3-mile radius, recent population trends have been flat-to-down, while WDSuite’s projections indicate growth ahead alongside an increase in households, implying a larger tenant base over the next cycle. This outlook, paired with above-median neighborhood occupancy, supports a constructive leasing narrative grounded in commercial real estate analysis rather than speculation.
Vintage matters here: the property’s 1981 construction precedes the neighborhood’s average vintage (1989). Older stock often benefits from targeted capital plans and value-add upgrades to remain competitive against newer inventory, especially given strong neighborhood occupancy and school appeal.
WDSuite does not report verified crime metrics for this neighborhood, so investors should rely on standard diligence (local reports and historical trend reviews) to gauge safety conditions. Framing risk comparatively—neighborhood versus broader region—can help contextualize any findings without over-interpreting block-level variation.
This 74-unit asset benefits from a neighborhood that ranks at the top of the Mount Pleasant metro, with occupancy performance in the 90th percentile nationally and a renter concentration near half of housing units—both supportive of demand and lease stability. The 1981 vintage is older than the local average, creating clear value-add levers via modernization and common-area upgrades to sharpen competitive positioning. According to CRE market data from WDSuite, rent levels relative to incomes point to manageable affordability, which can aid retention while leaving room for programmatic improvements.
Looking ahead, 3-mile demographics show flat-to-soft recent population trends but a forecasted increase in households, a setup that can expand the tenant base over the next few years. Strong local schools and convenient daily-needs amenities further reinforce the area’s appeal for long-term renters, even as limited park access and relatively accessible home values introduce some competitive considerations.
- High neighborhood occupancy and top-ranked local standing support leasing stability
- Renter concentration near 50% indicates depth of tenant demand for multifamily
- 1981 vintage offers value-add potential through targeted renovations and systems upgrades
- 3-mile household growth outlook points to a larger renter pool over the medium term
- Risks: limited park access and relatively accessible ownership options may require sharper marketing and amenity positioning