| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 51st | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3510 Wildewood Dr, San Angelo, TX, 76904, US |
| Region / Metro | San Angelo |
| Year of Construction | 1977 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3510 Wildewood Dr San Angelo Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by a high renter-occupied share and competitive occupancy, according to WDSuite’s CRE market data. Amenity access and parks density strengthen day-to-day livability, while vintage suggests value‑add potential.
The property sits in an Inner Suburb pocket of San Angelo that ranks 8th out of 36 metro neighborhoods, placing it in the top quartile among San Angelo sub-areas for overall neighborhood quality. Parks and open space are a standout, with local park access measuring in the top decile nationally, and food-and-beverage options (cafes and restaurants) are competitive both within the metro and versus national comparisons.
Daily-needs retail is more limited within the immediate neighborhood footprint (notably groceries and pharmacies), so residents typically rely on nearby corridors. K–12 school ratings trail metro and national averages, which can be a consideration for family-oriented leasing but is less likely to impact demand from young professionals or workforce renters.
For investors, the renter-occupied share of housing units is among the top quartile in the San Angelo metro, indicating a deeper tenant base for multifamily. Neighborhood occupancy is competitive among San Angelo neighborhoods and sits near the national middle, supporting expectations for stable leasing and manageable turnover. Rents in the surrounding area trend below national medians (per WDSuite), which can aid lease retention and keep affordability pressure in check.
Demographic statistics aggregated within a 3‑mile radius show recent growth in population and households, with projections calling for additional gains and a gradual drift toward smaller average household sizes by 2028. That combination broadens the renter pool and supports occupancy stability for mid-scale assets like this one.
Construction patterns in the neighborhood skew newer than the subject’s 1977 vintage (local averages lean toward 1990). This positions the asset for value‑add and systems modernization to compete effectively against newer stock while capturing rent premiums tied to targeted upgrades.
Safety trends are mixed but improving. Within the San Angelo metro, the neighborhood sits around the middle of the pack (ranked 16 out of 36), and compared with neighborhoods nationwide it falls below average for safety. However, according to WDSuite’s CRE market data, both violent and property offense rates have declined meaningfully over the past year, which is a constructive trend to monitor for investors assessing retention and insurance planning.
3510 Wildewood Dr offers a scale-efficient, 64‑unit footprint in an Inner Suburb location with renter demand supported by a high renter-occupied share and competitive neighborhood occupancy. According to CRE market data from WDSuite, local rents track below national medians, reinforcing lease retention and expanding the addressable tenant base. The 1977 vintage suggests clear value‑add and capital planning opportunities to enhance competitiveness against the neighborhood’s generally newer stock.
Demographic statistics within a 3‑mile radius point to population and household growth with projected gains by 2028, alongside gradually smaller household sizes—conditions that tend to expand the renter pool and support occupancy stability. Amenity strengths (parks, dining, and cafes) bolster livability, though investors should underwrite for limited in-neighborhood daily-needs retail, below-average school ratings, and safety metrics that, while improving, remain below national benchmarks.
- Competitive neighborhood standing with strong parks and dining access supports leasing appeal
- High renter-occupied share and near-median occupancy underpin demand depth and stability
- 1977 vintage provides value‑add and systems-upgrade pathways versus newer neighborhood stock
- 3‑mile growth in population and households expands the tenant base and supports retention
- Risks: limited grocery/pharmacy nearby, below-average school ratings, and safety below national benchmarks despite recent improvement