| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 27th | Poor |
| Amenities | 35th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2699 Schulte Blvd, Brenham, TX, 77833, US |
| Region / Metro | Brenham |
| Year of Construction | 2006 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2699 Schulte Blvd Brenham, TX Multifamily Investment
Built in 2006, this 76-unit asset benefits from a renter base supported by steady neighborhood occupancy and a growing household count, according to CRE market data from WDSuite. The property’s newer vintage versus much of the local stock positions it competitively for tenant retention and selective value-add.
Livability in this Brenham neighborhood skews practical: parks and everyday retail are present but not dense, while cafes per square mile track near the upper half of national peers. Neighborhood occupancy is around 90%, and the area ranks 9 out of 20 Brenham metro neighborhoods for occupancy — above the metro median — signaling demand support for stabilized multifamily, per WDSuite’s CRE market data.
The asset’s 2006 construction is newer than the neighborhood’s average vintage (1990, rank 13 of 20), suggesting competitive positioning versus older properties; investors should still underwrite typical mid-life system updates and common-area refreshes to maintain leasing velocity.
Within a 3-mile radius, demographics show recent population growth with a notable increase in household counts and a decrease in average household size. This combination points to a larger tenant base and more renters entering the market, which can support occupancy stability and leasing momentum for well-managed assets.
Home values sit mid-range in national context, while the value-to-income ratio ranks stronger than many U.S. neighborhoods (national percentile in the upper half). In investor terms, ownership costs in the area help sustain reliance on rentals, supporting depth of demand and potential lease retention. Median contract rents remain moderate for the region, which can aid pricing power without overextending affordability.
Comparable, neighborhood-level crime metrics are not available in WDSuite for this area at this time. Investors typically supplement with city and county public safety sources and property-level incident histories to assess trend direction and relative safety versus the broader region.
This 76-unit property offers a blend of stabilized neighborhood demand and competitive positioning versus older local inventory. Neighborhood occupancy trends sit above the metro median, and within a 3-mile radius, household growth alongside smaller household sizes supports a broader renter pool and sustained leasing. According to commercial real estate analysis from WDSuite, the area’s ownership costs relative to incomes reinforce ongoing multifamily reliance, which can underpin tenant retention.
With a 2006 vintage, the asset should compare favorably to nearby 1990-era properties while leaving room for targeted value-add or mid-cycle capital planning to keep finishes and systems market-competitive. Amenity density is modest, consistent with a rural-leaning submarket, so the thesis centers on workforce demand, rent attainability, and operational execution rather than premium lifestyle drivers.
- Neighborhood occupancy above metro median, supporting stabilized demand
- 2006 construction offers competitive positioning vs. older local stock
- 3-mile radius shows household growth and a larger renter pool, aiding leasing
- Ownership costs relative to incomes reinforce reliance on rentals and retention
- Risk: amenity depth and rural context place more weight on operations and pricing discipline