| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 66th | Best |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2742 Old Paris Rd, Mount Pleasant, TX, 75455, US |
| Region / Metro | Mount Pleasant |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | 2017-06-28 |
| Transaction Price | $369,500 |
| Buyer | ZAVALA LEONARDO |
| Seller | MONTOYA LEONARDO ZAVALA |
2742 Old Paris Rd, Mount Pleasant TX — 32-Unit Multifamily Investment
Situated in a competitive Mount Pleasant neighborhood, the asset benefits from steady renter demand and an A neighborhood rating, according to WDSuite’s CRE market data. Neighborhood occupancy trends indicate durable leasing fundamentals with room for operational upside.
The property sits within an A-rated, Rural neighborhood ranked 4 out of 22 in the Mount Pleasant metro — competitive among local neighborhoods and above the metro median. According to WDSuite’s CRE market data, neighborhood occupancy is in the high-80s, which supports a baseline of leasing stability at the submarket level rather than a lease-up dynamic.
Amenities in the immediate area are limited — WDSuite reports sparse grocery, pharmacy, and café densities — so residents typically rely on driving for daily needs. Park access trends better than other amenities, which can aid resident satisfaction even in a car-oriented setting.
Within a 3-mile radius, demographics indicate a renter-occupied share around half of all housing units, signaling a sizable tenant base for workforce-oriented product. While the recent period shows modest population softness, WDSuite’s forward view points to growth in both population and households over the next five years, which should expand the renter pool and support occupancy stability.
Ownership costs in the neighborhood are moderate relative to incomes by national standards, suggesting some competition from entry-level ownership options. For multifamily owners, that typically translates to a focus on value, dependable maintenance, and convenience to retain residents and manage pricing power prudently.
Comparable crime metrics for this specific neighborhood are not available in WDSuite’s dataset. Investors typically benchmark property performance and resident retention against city or county trends and prioritize on-site measures (lighting, access control, and resident engagement) to support consistent operations. Consider validating with local law enforcement reports and recent trend data before underwriting.
WDSuite does not list distance-verified anchor employers for this address. Investors often evaluate commute access to Mount Pleasant s industrial, healthcare, and education hubs to gauge workforce housing demand and lease retention potential.
This 32-unit asset offers exposure to a competitive, A-rated neighborhood where occupancy trends and a sizable renter base indicate stable demand. Limited immediate amenities point to a car-dependent living pattern, but steady neighborhood occupancy and a broadening 3-mile renter pool suggest durable leasing with operational upside through resident experience and cost control. Based on commercial real estate analysis from WDSuite, forward-looking population and household growth should expand the tenant base and support consistent absorption over time.
Ownership alternatives appear relatively accessible versus national norms, which can temper near-term pricing power; however, it also reinforces the importance of reliable maintenance, value-oriented upgrades, and tenant services to drive renewals. As a smaller East Texas market, liquidity and cyclicality warrant conservative underwriting and attention to property-level execution.
- Competitive A-rated neighborhood with steady occupancy supporting baseline stability
- 3-mile renter base around half of units, indicating depth for workforce housing
- Forward population and household growth (per WDSuite) supports future demand
- Value-oriented operations and targeted upgrades can enhance retention and NOI
- Risks: car-dependent location, competition from entry-level ownership, and small-market liquidity