| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 45th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2123 Industrial Ave, San Angelo, TX, 76904, US |
| Region / Metro | San Angelo |
| Year of Construction | 1984 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2123 Industrial Ave, San Angelo Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy, according to WDSuite s CRE market data, suggesting durable demand fundamentals at the submarket level. Metrics cited here reflect the surrounding neighborhood rather than the property itself.
Located in an Inner Suburb setting of San Angelo, this address sits in a neighborhood rated A and ranked 3 out of 36 metro neighborhoods op quartile locally. For investors, that positioning translates to competitive fundamentals relative to the broader San Angelo metro.
Lifestyle access is a local strength: grocery, restaurant, park, and pharmacy densities all rank near the top of the metro (each measured against 36 neighborhoods), placing the area above many peers and in higher national percentiles for everyday amenities. That convenience can support leasing velocity and retention for renters prioritizing essentials and services within a short drive.
Renter concentration is notably high: the share of housing units that are renter-occupied ranks 1 out of 36 metro neighborhoods and sits in a high national percentile. For multifamily owners, that indicates a deep tenant pool and supports demand resiliency across cycles. Neighborhood occupancy trends around the metro median based on recent readings, helping frame expectations for stabilization and pricing strategy.
Within a 3-mile radius, demographics show recent growth in population and households with forecasts pointing to further expansion over the next five years. A larger household base and a gradually shifting age mix imply a steady inflow of renters, which can underpin occupancy and reduce leasing risk. Median home values in the neighborhood track as a high-cost ownership market for the metro, which typically sustains reliance on rental housing and can aid lease retention. Average school ratings in the neighborhood are modest, an element to consider when targeting unit mixes toward workforce and value-oriented demand buckets.
Safety indicators compare approximately to the metro median (rank near the midpoint among 36 San Angelo neighborhoods). Nationally, the neighborhood reads below average on safety percentiles; however, recent trend data shows year-over-year improvements in both violent and property offense rates, indicating a directional tailwind. For investors, this suggests perceptions may be stabilizing, though underwriting should still reflect average-to-elevated operating vigilance.
This 120-unit property, built in 1984, is slightly newer than the neighborhood s typical vintage. That positioning can offer a competitive edge versus older stock while still allowing targeted value-add and systems modernization planning. The immediate neighborhood is top quartile within San Angelo and features strong amenity access, supporting everyday convenience that helps leasing and retention.
A very high share of renter-occupied housing units signals a deep tenant base and supports occupancy stability. Neighborhood occupancy tracks around the metro median; paired with a manageable rent-to-income backdrop, this points to steady fundamentals with selective pricing power opportunities. Based on CRE market data from WDSuite, continued growth in households within 3 miles and a high-cost ownership context for the metro reinforce ongoing demand for rental housing, while investors should monitor safety perceptions and any softening in neighborhood occupancy over time.
- Top-quartile neighborhood (3 of 36 locally) with strong amenity access that supports leasing and retention
- High renter-occupied share indicates a deep tenant base and demand resiliency
- 1984 vintage offers competitive positioning versus older stock with targeted value-add potential
- Household growth within 3 miles and a high-cost ownership market support rental reliance and occupancy stability
- Risks: safety percentiles below national averages and neighborhood occupancy trending around metro median warrant conservative underwriting