| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 58th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1624 Sunset Dr, San Angelo, TX, 76904, US |
| Region / Metro | San Angelo |
| Year of Construction | 1983 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1624 Sunset Dr San Angelo Multifamily Opportunity
Positioned in an inner-suburban pocket of San Angelo, the neighborhood shows a high renter-occupied share and steady amenity access that support tenant demand, according to WDSuite s CRE market data. The property s submarket dynamics favor workforce housing with room for value-add execution.
This inner-suburban neighborhood is competitive among San Angelo neighborhoods (ranked 10 out of 36 with an A- rating), offering balanced fundamentals for workforce-oriented multifamily. Grocery access is comparatively strong (rank 10 of 36) with moderate restaurant and cafe density (ranks 15 and 12 of 36), while parks and pharmacies are limited locally a mix that tends to favor daily convenience over recreation-focused appeal.
The rental housing base is deep: the share of housing units that are renter-occupied ranks 2 out of 36 in the metro and sits in the 95th percentile nationally. For investors, this indicates a sizable tenant pool and supports leasing velocity and retention when pricing is set thoughtfully. Neighborhood occupancy is lower by metro and national context (rank 25 of 36; national percentile 26), so underwritable assumptions should emphasize prudent absorption and targeted renewal strategies rather than outsized lease-up expectations.
Vintage trends matter here. The area s average construction year is 1990, while the property s 1983 vintage is older than local norms a positioning that often supports value-add or systems modernization to strengthen competitiveness against newer stock and to manage near-term capital planning.
Within a 3-mile radius, population and household counts have grown in recent years, with additional growth forecast alongside a smaller average household size. This combination typically expands the renter pool and supports occupancy stability for well-maintained product. Median contract rents and rent-to-income levels in the neighborhood sit around mid-metro and mid-national ranges, which can help balance pricing power with retention in a high renter concentration area.
Safety metrics are comparatively favorable for the metro: the neighborhood s crime positioning is in the top quartile among 36 San Angelo neighborhoods (rank 8 of 36) and sits above the national median (57th percentile). Year-over-year, both property and violent offense estimates show notable declines, indicating an improving trend rather than a single-period outlier.
Investors should still evaluate property-level security and lighting, but current trends suggest conditions that are competitive among San Angelo subareas and supportive of renter retention.
This 73-unit asset at 1624 Sunset Dr benefits from a renter-heavy neighborhood that historically supports a broad tenant base, while daily convenience amenities are adequate for workforce households. Based on CRE market data from WDSuite, neighborhood occupancy trends sit below metro norms, but the high renter-occupied share and steady 3-mile population and household growth point to durable demand for well-positioned units.
Constructed in 1983, the property is older than the neighborhood s average vintage, creating a clear value-add path through targeted interior updates and systems modernization. With home values in a mid-range context and rent-to-income near mid-national levels, the submarket can support measured rent repositioning that prioritizes renewal capture and resident longevity over aggressive trade-outs.
- High renter concentration signals a deep tenant base and supportive leasing environment.
- 3-mile population and household growth expands the renter pool and supports occupancy stability.
- 1983 vintage offers value-add potential via targeted renovations and system upgrades.
- Amenity mix favors daily convenience (grocery, dining, cafes) that supports resident retention.
- Risk: Neighborhood occupancy ranks lower in the metro; underwriting should emphasize renewal strategy and conservative absorption.