| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 45th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1821 S Jackson St, San Angelo, TX, 76904, US |
| Region / Metro | San Angelo |
| Year of Construction | 1982 |
| Units | 79 |
| Transaction Date | 2005-02-24 |
| Transaction Price | $1,925,000 |
| Buyer | SILVEIRA FRANK |
| Seller | ADOBE TOWERS LC |
1821 S Jackson St San Angelo Multifamily Opportunity
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base and steady leasing conditions, according to WDSuite’s CRE market data. Position near daily-needs retail reinforces demand resilience over cycles.
This inner-suburb pocket of San Angelo ranks 3rd out of 36 metro neighborhoods (A rating), placing it in the top quartile locally for overall neighborhood performance based on CRE market data from WDSuite. The submarket shows competitive occupancy at the neighborhood level with stable renter demand, aided by a high renter-occupied share of housing units that signals depth in the tenant pool.
Access to daily needs is a clear strength: grocery, parks, pharmacies, and restaurants all sit near the top of the metro distribution (e.g., grocery and parks both rank 3rd of 36), indicating strong convenience that helps retention and supports occupancy. Cafes are comparatively plentiful for the market, while limited childcare options may require slightly longer commutes for some households.
Home values in the neighborhood test higher versus local incomes (value-to-income ratio ranks 1st of 36 and is top quartile nationally), which often sustains reliance on multifamily rentals and supports pricing power. At the same time, neighborhood rents trend toward the accessible end of the metro spectrum, which can balance occupancy stability with manageable rent-to-income dynamics for renewal strategies.
Within a 3-mile radius, demographics indicate a broadly stable base with households edging higher and population projected to grow alongside income gains over the next five years. This points to a larger tenant base and supports demand for rental units, even as average household size trends slightly smaller—factors that can aid lease-up velocity and occupancy stability for well-managed assets.
Safety metrics are mixed but trending better. The neighborhood sits around the metro midpoint for crime (ranked 18th out of 36), and compares below the national median overall (43rd percentile nationally). However, recent year-over-year movements show improvement: estimated violent offenses declined sharply and sit in a stronger improvement tier nationally (top quintile for improvement), while property offenses also eased with mid-pack improvement nationally. For investors, this suggests a neighborhood where safety perceptions may be gradually improving, which can support leasing and retention if the trend persists.
Built in 1982, the property is slightly newer than the neighborhood average vintage, offering competitive positioning versus older stock while still allowing for targeted value-add and system modernization. Neighborhood fundamentals are supportive: high renter concentration, competitive occupancy, and strong daily-needs access help underpin stable demand. According to CRE market data from WDSuite, ownership costs run high relative to local incomes in this area, which tends to reinforce multifamily demand and bolster leasing durability.
Forward-looking local demographics within a 3-mile radius indicate expected population growth and increasing household counts, translating to a broader tenant base. Rent-to-income levels appear manageable, supporting renewal probability, though investors should calibrate pricing strategies to retain residents as schools rate below top metro tiers and safety perceptions are still normalizing.
- Renter-heavy neighborhood and competitive occupancy support stable demand
- Strong access to grocery, parks, and services aids retention and leasing
- 1982 vintage allows value-add and modernization to outperform older stock
- Ownership costs vs. income favor sustained reliance on rentals
- Risks: mid-pack safety improving but still below national median; school ratings trail metro leaders