| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 16th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2241 Burton Rd, Mount Pleasant, TX, 75455, US |
| Region / Metro | Mount Pleasant |
| Year of Construction | 1973 |
| Units | 32 |
| Transaction Date | 2017-08-15 |
| Transaction Price | $823,800 |
| Buyer | HALESHI INVESTMENTS LLC |
| Seller | JRF ACQUISITIONS LLC |
2241 Burton Rd, Mount Pleasant TX Multifamily Investment
Neighborhood occupancy has held in the low-90% range with a high renter concentration, supporting stable tenant demand according to WDSuite’s CRE market data. This positioning favors steady leasing for value-focused investors in Mount Pleasant.
Mount Pleasant’s suburban neighborhood around 2241 Burton Rd carries a B+ rating and ranks 8 out of 22 metro neighborhoods, making it competitive among Mount Pleasant, TX neighborhoods for multifamily investment. Neighborhood occupancy is above the metro median (ranked 6 of 22), indicating comparatively steady leasing conditions in the area rather than property-specific performance.
Renter-occupied housing accounts for a larger share of units in this neighborhood (ranked 1 of 22 in the metro for renter concentration), which points to a deeper tenant base and supports absorption and renewal potential for multifamily. At the same time, the neighborhood’s rent-to-income metrics sit near the national midpoint, which can aid retention without signaling acute affordability pressure.
Local amenity access is mixed. Food and daily-needs access is reasonably covered (cafes and pharmacies rank near the top of the metro and sit in the mid-to-high national percentiles), while park access ranks last in the metro and at the low end nationally, an element investors may weigh when considering curb-appeal and resident lifestyle programming.
Within a 3-mile radius, recent population trends were soft but are projected to turn positive through the next period, with household counts expected to increase and average household size to moderate. This pattern typically expands the renter pool and can support occupancy stability in workforce-oriented submarkets.
Comparable neighborhood safety metrics were not available in the provided dataset. Investors commonly benchmark conditions using multiple sources (city reports, third-party indices, and on-the-ground checks) and evaluate trends at the neighborhood—not block—level to align expectations with leasing and retention strategies.
Major employer proximity details were not available in the provided context. Investors often assess the local employment base and commute patterns to gauge depth of renter demand and retention potential.
This Mount Pleasant asset benefits from neighborhood-level occupancy that sits above the metro median and a renter-heavy housing stock, supporting a broader tenant base and steady renewals. According to CRE market data from WDSuite, the area’s positioning within the metro is competitive, with rents relative to incomes that suggest manageable affordability pressure and potential for consistent collections rather than outsized pricing power.
Looking forward, 3-mile demographics point to growth in households and a moderating household size, which typically expands the renter pool and underpins leasing stability. Amenity access is serviceable for daily needs, though limited park availability and a value-oriented ownership market suggest investors should balance renewal/retention strategies with selective property enhancements and disciplined rent management.
- Above-median neighborhood occupancy supports stable leasing relative to the metro
- High renter concentration indicates depth of demand for multifamily units
- 3-mile household growth and smaller household sizes expand the renter pool
- Rents relative to incomes point to manageable affordability pressure and retention potential
- Risks: limited park amenities, value-oriented ownership market may temper pricing power in some vintages