| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1304 Halsell St, Bridgeport, TX, 76426, US |
| Region / Metro | Bridgeport |
| Year of Construction | 1985 |
| Units | 23 |
| Transaction Date | 2022-09-15 |
| Transaction Price | $1,888,600 |
| Buyer | WISE WEST 300 LLC |
| Seller | 1304 HALSELL LLC |
1304 Halsell St, Bridgeport TX Multifamily Investment
Steady renter demand in a rural Wise County location with middle-of-the-pack neighborhood occupancy supports durable cash flow potential, according to WDSuite’s CRE market data.
The property sits in a Rural neighborhood of the Fort Worth–Arlington–Grapevine metro (C+ rating), where renter demand is supported by a balanced housing mix and a mid-range occupancy level for the neighborhood rather than the property itself. Neighborhood occupancy trends are roughly in the middle of the local pack among 561 metro neighborhoods, indicating workable leasing conditions without the intense competition seen in core urban submarkets, based on WDSuite’s commercial real estate analysis.
Daily needs are serviceable: grocery and pharmacy access track modestly above national medians, while parks availability is similarly favorable. Restaurant density is around national norms, but cafes and childcare are sparse, which is typical for rural locales. For investors, this mix points to solid livability for workforce households, though amenity-light blocks can modestly lengthen lease-up for lifestyle-oriented renters.
Tenure patterns signal a measurable renter-occupied base. Within the surrounding neighborhood, the share of housing units that are renter-occupied is meaningful but not dominant, implying a stable yet finite tenant pool and correspondingly important renewal management. Median school ratings in the area trend below national averages, which can influence unit mix performance for family renters and should be reflected in marketing and amenity positioning.
Demographics aggregated within a 3-mile radius show recent stability with indications of future renter pool expansion. Projections point to gains in both population and households over the next five years, which would support occupancy stability and absorption. Median household incomes are comparatively strong for a rural setting, and rent-to-income levels in the neighborhood remain manageable, reinforcing retention and measured pricing power.
Neighborhood-level crime data suitable for comparative benchmarking is not available in this dataset. Investors typically evaluate safety by reviewing multi-year city and county trends, speaking with local property managers, and comparing like-for-like rural neighborhoods across the Fort Worth–Arlington–Grapevine metro for context.
When data is available, we frame safety comparatively (neighborhood vs. region and national percentiles) and over time to gauge directionality rather than relying on single-year snapshots. Consider supplementing with on-the-ground observations and insurer feedback to round out risk assessment.
Regional employers accessible from Bridgeport provide a diversified white-collar and advanced manufacturing employment base that can underpin renter demand and renewal rates. Key names in realistic commuting range include Parker Hannifin, D.R. Horton, Stryker, and GameStop.
- Parker Hannifin Corporation — industrial/manufacturing offices (37.1 miles)
- D.R. Horton — homebuilding corporate (39.8 miles) — HQ
- Stryker — medical technology offices (43.2 miles)
- GameStop — retail corporate (44.1 miles) — HQ
Built in 1985, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still leaving room for targeted modernization to lift rents. Neighborhood occupancy is mid-range and renter-occupied share is meaningful but not dominant, so leasing should emphasize retention and value positioning in a rural submarket. According to CRE market data from WDSuite, rent-to-income levels in the neighborhood are manageable, supporting renewal probability and disciplined rent growth without outsized affordability pressure.
Demographics aggregated within a 3-mile radius indicate stable recent trends with projections for population and household growth, pointing to a gradually expanding tenant base. Homeownership remains accessible in this area compared with larger Texas metros, which can create some competition with entry-level ownership; however, rising incomes and forecast rent growth suggest sustained multifamily relevance. Overall, the thesis centers on dependable occupancy, workforce demand, and selective value-add upside rather than outsized lease-up gains.
- 1985 vintage offers competitive positioning versus older neighborhood stock with clear modernization upside
- Middle-of-the-pack neighborhood occupancy supports steady leasing and renewal-focused operations
- 3-mile demographic projections point to a larger tenant base, supporting absorption and pricing discipline
- Manageable rent-to-income dynamics underpin retention and measured rent growth
- Risks: rural amenity depth, smaller renter pool, and competition from accessible ownership options