| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 39th | Fair |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 E Elm St, Edgewood, TX, 75117, US |
| Region / Metro | Edgewood |
| Year of Construction | 1993 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 E Elm St Edgewood 24-Unit Investment
Neighborhood occupancy in the low 90s suggests stable leasing dynamics for small-scale assets, according to WDSuite’s CRE market data. Investor focus centers on steady renter demand and manageable affordability rather than rapid growth.
Edgewood’s neighborhood profile ranks within the top quartile among 31 metro neighborhoods (A-rated, rural context), signaling comparatively strong fundamentals for a small-market location. Local occupancy is solid and renter demand is supported by a renter-occupied share that sits above the metro median, indicating a deeper tenant base than many nearby areas.
Daily convenience skews practical rather than lifestyle-driven: grocery and childcare availability rank competitively among the 31 neighborhoods, while cafes, pharmacies, and park access are limited. Average school ratings track above the metro median for the area, which can aid retention for family renters, though schooling quality should still be evaluated asset-by-asset.
Within a 3-mile radius, population trends have been relatively flat, with small shifts in household size. This points to a steady but not rapidly expanding renter pool, which typically supports occupancy stability rather than outsized absorption. Median contract rents remain modest in the broader neighborhood, and rent-to-income levels suggest limited affordability pressure—favorable for retention and lease management.
Home values remain lower than major metro benchmarks, which can introduce some competition from ownership options; however, in this rural setting the combination of practical amenities and steady demand supports consistent performance for well-managed properties. For investors conducting commercial real estate analysis, the takeaway is stable fundamentals with measured growth expectations.
Direct crime metrics for this neighborhood are not available in WDSuite at this time. Investors typically review city and county public safety reports and compare trends to peer rural markets to calibrate underwriting assumptions and security planning.
Regional employers within commuting distance contribute to a diversified workforce base that can support renter demand, notably in insurance and homebuilding. Proximity helps with leasing durability even in a rural setting.
- State Farm Insurance — insurance (28.4 miles)
- D.R. Horton, America's Builder — homebuilding (41.5 miles)
Built in 1993, the asset is newer than much of the surrounding housing stock, positioning it competitively against older inventory while leaving room for targeted upgrades as systems age. Neighborhood indicators point to steady renter demand, with occupancy in the low 90s and a renter-occupied share above the metro median, supporting baseline leasing stability. According to CRE market data from WDSuite, local rents remain modest relative to incomes, which can help with tenant retention and measured pricing power.
Growth expectations should be conservative given flat population trends within a 3-mile radius and a rural amenity mix, but the presence of practical services and commutable regional employers underpins a durable tenant base. The investment case centers on operational execution and selective value-add rather than outsized rent growth.
- 1993 vintage offers competitive positioning versus older stock with potential for targeted renovations
- Neighborhood occupancy and renter concentration support stable leasing fundamentals
- Modest rents relative to incomes bolster retention and disciplined rent management
- Commutable access to regional employers supports workforce housing demand
- Risks: rural amenity depth, limited near-term population growth, and reliance on regional employment hubs