| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 58th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 621 Baker St, San Angelo, TX, 76903, US |
| Region / Metro | San Angelo |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
621 Baker St, San Angelo TX Multifamily Investment
Positioned in an inner-suburb pocket of San Angelo with strong daily amenities and a sizable renter base, this 24-unit asset offers steady demand drivers and attainable rents relative to incomes, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated A- and ranked 9 out of 36 within the San Angelo metro—competitive among local neighborhoods. Restaurants and cafes are a local strength (restaurant density ranks 2 of 36; cafes 8 of 36), and grocery access also ranks competitively (13 of 36). Nationally, amenity access in this area trends above average across restaurants, cafes, parks, and groceries, supporting day-to-day livability that can aid leasing and retention.
Schools in the neighborhood score well by metro standards (average rating rank 1 of 36), which can bolster long-term neighborhood stability for multifamily investors. Median contract rents in the neighborhood sit near the metro middle while having grown meaningfully over five years, per WDSuite’s data-driven multifamily property research, suggesting pricing that remains accessible to a broad renter pool.
Vintage context: the average neighborhood construction year is 1962, while the subject was built in 1976. Being newer than much of the local stock may provide a competitive edge versus older assets, though investors should underwrite for periodic modernization of building systems and common areas typical of assets of this era.
Tenure and demand: renter-occupied housing accounts for about 41% of neighborhood units (rank 6 of 36, above the metro median), indicating a meaningful renter concentration that supports multifamily demand depth. Within a 3-mile radius, households have grown in recent years and are projected to expand further by 2028, pointing to a larger tenant base and supporting occupancy stability even if population growth is modest.
Affordability and ownership context: neighborhood home values are comparatively low by national standards, which can create some competition with ownership options. At the same time, rent-to-income levels around the area imply manageable affordability pressure for many renters, suggesting balanced lease retention and measured pricing power rather than outsized volatility.
Neighborhood safety trends are mixed but improving. Relative to U.S. neighborhoods, this area sits below the national median for safety; however, within the San Angelo metro it tracks near the middle (crime rank 19 of 36). Importantly, WDSuite’s data indicates property offenses and violent offenses have both declined year over year, signaling a favorable direction of change that investors can monitor as part of ongoing risk management.
621 Baker St is a 24-unit, 1976-vintage asset positioned in a competitive San Angelo neighborhood with solid amenity access and a meaningful renter base. Being newer than much of the local housing stock supports relative competitiveness versus older properties, while the surrounding area’s restaurants, cafes, groceries, and park access contribute to livability that can aid leasing and retention. According to CRE market data from WDSuite, neighborhood rents trend near the metro middle and the renter share is elevated, pointing to depth of demand for smaller-format units.
Key considerations include neighborhood occupancy that trails stronger submarkets, calling for hands-on leasing and asset management, and an ownership landscape that is relatively accessible, which may modestly compete with rentals. Still, 3-mile household growth and projected expansion suggest a larger tenant base over the medium term, while measured rent-to-income levels support balanced retention and disciplined pricing strategies.
- Competitive Inner Suburb location with strong daily amenities that support tenant retention
- 1976 vintage newer than much of local stock, with potential to outperform older comparables
- Elevated renter concentration and growing 3-mile household counts expand the tenant base
- Balanced rents relative to incomes support achievable pricing without overextending affordability
- Risk: neighborhood occupancy sits below stronger submarkets, requiring active leasing and asset management