| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 20th | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1917 Raney St, San Angelo, TX, 76901, US |
| Region / Metro | San Angelo |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1917 Raney St, San Angelo Multifamily Opportunity
Neighborhood occupancy has remained high and steady, supporting income durability for well-managed assets, according to WDSuite’s CRE market data. Investors should view this submarket as demand-stable with rents that skew toward the attainable range.
The property sits in an Inner Suburb pocket of San Angelo that scores below the metro median on overall neighborhood rating, yet shows stronger occupancy dynamics than many peers. The neighborhood’s occupancy rate is competitive among San Angelo neighborhoods (ranked 3rd of 36) and around the 80th percentile nationally, signaling stable tenancy conditions for multifamily operators.
Livability features are mixed. Park access is a relative strength (about the mid‑80s national percentile), which can enhance resident appeal, while everyday retail is serviceable with grocery options tracking above the metro median. However, dining, cafes, childcare, and pharmacy density are light compared with national norms, so residents may rely on nearby corridors for a fuller retail mix. Average school rating indicators track below national norms; investors should underwrite leasing strategies that emphasize attainable rents and convenience over school-driven demand.
Renter demand is supported by attainable rent levels and a renter-occupied housing share within a 3‑mile radius of roughly one‑third of units, indicating a meaningful tenant base without oversaturation. The neighborhood’s median contract rent measures below many U.S. areas, and rent-to-income levels are moderate, which can help support retention and reduce turnover-driven downtime for value-conscious product.
Demographic trends within a 3‑mile radius point to a larger tenant base over the next several years. Recent population and household counts have edged up, and forecasts call for further growth with smaller average household sizes, which typically expands the renter pool and supports occupancy stability. In this context, attainable rents and steady neighborhood occupancy create a practical foothold for workforce-oriented leasing.
Safety indicators for the neighborhood are mixed relative to the metro and nation. Compared with other San Angelo neighborhoods (36 total), crime ranks in the lower half, indicating weaker safety conditions than the metro median. Nationally, the area sits in lower percentiles for both property and violent offenses, meaning it is less safe than many U.S. neighborhoods.
Recent momentum is constructive: both property and violent offense rates have declined year over year, with improvements that compare favorably to nationwide trends. Investors should factor current conditions into underwriting while recognizing the direction of change and the role of on-site management, lighting, and access control in mitigating risk.
This 24‑unit asset benefits from a neighborhood with strong occupancy relative to the metro and rents that remain attainable for local households. Based on commercial real estate analysis from WDSuite, the submarket’s stability and modest rent-to-income levels point to durable tenant retention, even as residents may commute to adjacent retail and employment nodes for services.
Forward-looking demographics within a 3‑mile radius indicate population and household growth with smaller average household sizes, which tends to expand the renter pool and support leasing continuity. Investors should balance this demand backdrop against lighter nearby amenities and below-median safety rankings by prioritizing operational execution and targeted property enhancements.
- Neighborhood occupancy ranks near the top among 36 San Angelo neighborhoods, supporting consistent collections and lower downtime.
- Attainable rents and moderate rent-to-income levels reinforce retention and broaden the tenant base.
- 3‑mile radius demographics point to population and household growth, expanding demand for rental units over time.
- Risk: lighter nearby amenities and below-median safety metrics require active management and prudent underwriting assumptions.