| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 20th | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 Greenwood St, San Angelo, TX, 76901, US |
| Region / Metro | San Angelo |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | 2006-04-14 |
| Transaction Price | $635,000 |
| Buyer | NEW BELLA VENTURES LLC |
| Seller | AGUIRRE JESUS |
2010 Greenwood St, San Angelo Multifamily Opportunity
Neighborhood occupancy is strong and supports income stability, according to WDSuite’s CRE market data. The 1979 vintage offers room for targeted updates to sharpen competitiveness without a ground-up reposition.
Positioned in an inner-suburb setting of San Angelo, the property benefits from a neighborhood occupancy rate that is competitive among San Angelo neighborhoods and in the top quartile nationally, based on CRE market data from WDSuite. For investors, that level of renter demand can help support lease-up and retention across cycles.
Amenity access is mixed: park coverage ranks well locally with strong national positioning, while immediate café, restaurant, childcare, and pharmacy density is limited. Grocery access is closer to metro mid-pack and above the national median, indicating everyday essentials are reasonably reachable even if lifestyle retail is thinner nearby.
Within a 3-mile radius, recent trends show modest population growth alongside a larger increase in households and slightly smaller household sizes. This points to a gradually expanding tenant base and supports demand for multifamily units over the next few years. Renter-occupied housing accounts for roughly one-third of units within this 3-mile area, indicating a measurable renter pool that can underpin leasing velocity.
Relative value dynamics favor renters: neighborhood rents track below the national median, while ownership costs are also comparatively low for the metro. For investors, this mix can support retention through manageable rent-to-income levels, though more accessible ownership may introduce some competition for price-sensitive tenants. The property’s 1979 construction is slightly newer than the neighborhood average stock (1975), which can aid positioning versus older assets, while still leaving room for selective modernization.
Safety metrics for the neighborhood sit below the national median, with comparative standing in the lower half among 36 San Angelo neighborhoods. However, recent year-over-year trends show improvement, with both property and violent offense rates declining according to WDSuite’s CRE market data. Investors should underwrite to current conditions while noting the directional improvement and focusing on practical measures that support resident comfort and retention.
The asset’s thesis centers on occupancy stability and a steadily expanding renter base. Neighborhood occupancy ranks among the top performers locally and sits in the top quartile nationally, which can support consistent cash flow and reduce downtime risk. Within a 3-mile radius, households have been increasing and are projected to continue growing, implying renter pool expansion and sustained demand for smaller, more attainable units.
The 1979 vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock, with clear value-add potential through system upgrades and cosmetic improvements. Rents sit below national medians, supporting retention, while more accessible ownership options in the metro may create competition at certain price points. According to CRE market data from WDSuite, the area’s safety indicators have improved year over year, an encouraging sign to monitor alongside ongoing leasing performance.
- Occupancy strength: top quartile nationally and competitive locally supports income durability
- Expanding 3-mile household base points to renter pool growth and leasing stability
- 1979 vintage offers value-add upside via targeted renovations and modernization
- Rent levels below national medians can aid retention and steady occupancy
- Risks: limited immediate lifestyle amenities, below-median safety standing, and potential competition from accessible homeownership