| 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 Investment
Renter concentration in the neighborhood is high, supporting a deeper tenant base for a 73-unit asset, according to WDSuite’s CRE market data. Neighborhood metrics reference the surrounding area, not this property’s operations.
Located in an Inner Suburb of San Angelo, the property benefits from a neighborhood rating of A- and a renter-occupied share of housing units at 62.6%, indicating strong multifamily demand depth. While neighborhood occupancy is measured at 84.3% and sits below the metro median (25 of 36), the elevated renter concentration supports ongoing leasing activity when paired with hands-on management.
Day-to-day convenience is competitive among San Angelo neighborhoods: café density ranks 12 of 36 and grocery access ranks 10 of 36, both translating to above-median local amenity access. Park and pharmacy counts are limited within neighborhood boundaries, so residents may rely on broader city amenities for recreation and services.
Within a 3-mile radius, population has grown and households increased by 6.4% in the latest period, with forecasts indicating further household expansion alongside smaller average household sizes. This points to a larger renter pool and steady demand for smaller-format units, supporting occupancy stability and lease-up prospects.
Ownership costs in the area are moderate in context (median home values measured for the neighborhood) and the rent-to-income ratio of 0.22 suggests manageable rent levels, which can aid lease retention and reduce turnover risk. Neighborhood construction skews slightly newer on average than this 1983 vintage, giving well-executed renovations a path to competitive positioning versus nearby stock.
Safety trends are mixed when viewed locally versus nationally. Within the San Angelo metro, the neighborhood’s crime rank is 8 out of 36, indicating it sits in a higher-crime tier relative to nearby neighborhoods. Nationally, overall crime measures align around the middle of the pack, and both violent and property offense rates have posted notable year-over-year declines, signaling recent improvement momentum.
Investors should underwrite with prudent security and operations assumptions (lighting, access control, and resident engagement) while recognizing the recent downward trend in reported offenses as a constructive sign.
Built in 1983, the asset is slightly older than the neighborhood average construction year, creating a straightforward value-add and capital planning angle to narrow the competitive gap with newer nearby properties. Elevated renter concentration in the neighborhood (renter-occupied share measured locally) and household growth within a 3-mile radius indicate a deeper tenant base and support for occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy sits below the metro median, suggesting focused leasing and asset management can unlock upside, while rent levels relative to income point to measured affordability that supports retention.
Forward-looking 3-mile forecasts show additional household expansion with smaller average household sizes, which typically sustains demand for professionally managed apartments. Ownership remains a higher-commitment alternative locally, reinforcing reliance on multifamily housing and supporting steady renter demand when renovations align with market expectations.
- Renter-occupied share is high locally, supporting a deeper tenant base and leasing durability.
- 3-mile household growth and smaller projected household sizes point to ongoing renter pool expansion.
- 1983 vintage offers clear value-add and modernization levers to compete with slightly newer stock.
- Rent-to-income conditions suggest pricing is manageable, aiding lease retention and reducing turnover risk.
- Risk: Neighborhood occupancy trails the metro median; plan for proactive leasing, marketing, and security measures.