| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 21st | Poor |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 302 N Main St, San Angelo, TX, 76903, US |
| Region / Metro | San Angelo |
| Year of Construction | 1975 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
302 N Main St, San Angelo Multifamily Opportunity
Neighborhood occupancy has trended higher over the past five years, suggesting steady renter demand, according to WDSuite s CRE market data. Positioning in central San Angelo supports day-to-day convenience and leasing stability.
This central San Angelo location offers everyday convenience with grocery access competitive among San Angelo neighborhoods (ranked 9th of 36), while cafes and restaurants also show relative density within the metro. These amenity concentrations can support resident retention and reduce turnover friction for multifamily assets.
Neighborhood occupancy is reported at roughly the mid-80s and has increased over the last five years, a constructive indicator for lease-up and renewal dynamics based on CRE market data from WDSuite. Renter-occupied housing accounts for about a third of units in the neighborhood, pointing to a moderate renter concentration and a diversified tenant base.
Within a 3-mile radius, households have grown even as overall population edged down, implying smaller household sizes and a gradual expansion of the local renter pool. Forward-looking projections point to increases in households and incomes, which would broaden the tenant base and support occupancy stability if realized.
Ownership costs in the immediate area are relatively accessible compared with national norms, which can introduce some competition from entry-level ownership. At the same time, neighborhood rents sit on the lower end nationally, supporting lease retention and consistent demand, though it may temper near-term pricing power.
Average school ratings in the neighborhood are on the lower end locally, which may matter for family-oriented renters; however, proximity to everyday services and employment centers can offset some of this impact for workforce-oriented tenant segments.
Safety compares unfavorably both locally and nationally. The neighborhood s crime rank is toward the lower end among 36 San Angelo neighborhoods, indicating below-metro-average safety levels. Nationally, the area sits in lower percentiles for property and violent offenses, though recent data show improvement in violent offense trends, which is a constructive signal to monitor over time.
Investors should underwrite with prudent security, lighting, and common-area controls, and assess how safety perceptions may influence leasing velocity and renewal decisions relative to competing San Angelo submarkets.
Built in 1975, the property is newer than much of the local housing stock, offering relative competitiveness versus older comparables while still warranting targeted capital planning for aging systems. Occupancy in the neighborhood has trended higher and sits in the mid-80s, suggesting stable tenant demand and reasonable lease retention for well-managed assets, per commercial real estate analysis from WDSuite.
The 3-mile trade area shows growth in households despite a modest population dip, which points to smaller household sizes and a broader renter pool over time. Rent levels are relatively accessible versus national norms, supporting demand depth, while more attainable ownership costs nearby may limit outsized pricing power a balance that favors steady operations over aggressive rent pushes.
- Neighborhood occupancy trending higher supports leasing stability
- 1975 vintage offers competitive positioning versus older local stock
- 3-mile household growth expands the tenant base and supports renewals
- Accessible rents aid retention, though may moderate pricing power
- Risk: Below-metro-average safety and lower school ratings could affect family demand