| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 48th | Fair |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1206 Saint Michaels Ct, Graham, TX, 76450, US |
| Region / Metro | Graham |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1206 Saint Michaels Ct, Graham TX Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, with per‑unit NOI metrics strong for the area, according to WDSuite’s CRE market data. Focus is on stability rather than outsized rent growth, aided by a renter-occupied unit share that supports a consistent tenant base at the neighborhood level.
This Inner Suburb neighborhood is rated A and ranks 1st out of 9 metro neighborhoods, indicating competitive positioning within the Graham area. Neighborhood occupancy is high (96.4%) and in the top quartile nationally (80th percentile), which supports steady leasing for multifamily assets; these figures reflect neighborhood conditions, not the property.
Renter-occupied units account for an estimated 36.2% of housing in the neighborhood (75th percentile nationally), implying a meaningful tenant pool and helping underpin demand stability. Median contract rents trend on the lower side versus national levels, which can aid retention even as rent growth remains measured. The neighborhood’s rent-to-income profile is relatively favorable (74th percentile nationally), suggesting manageable affordability pressures that can support lease renewals.
Livability is serviceable for a smaller Texas market: cafes and groceries index above national midpoints (cafes ~76th percentile; groceries ~63rd), while restaurants are near the middle (~56th). Park, pharmacy, and childcare density are limited locally, which may temper appeal for some households but does not appear to be constraining occupancy. Average school ratings in the neighborhood skew below national midpoints, a consideration for family-oriented renter segments.
Demographic statistics aggregated within a 3‑mile radius indicate modest population growth over the past five years and slightly smaller average household sizes, which can favor demand for smaller-unit product. Median household incomes track near national midpoints, aligning with workforce housing dynamics typical of the region. With the neighborhood’s average construction year at 1988, a 2000‑built asset can compete well against older stock while still benefiting from targeted modernization to maintain positioning.
Comparable crime metrics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark neighborhood safety by reviewing city and county trend reports and comparing them to peer neighborhoods across the metro. Without verified data, risk assessments should lean on broader regional trends and property-level security practices rather than block-level assumptions.
The investment case centers on occupancy stability and a durable renter base at the neighborhood level. High neighborhood occupancy alongside above-median renter concentration supports consistent leasing and retention; lower relative rent levels point to steadier cash flow rather than aggressive near-term growth. The 2000 construction year provides a competitive edge versus older neighborhood stock, with scope for focused value-add through systems updates and interior modernization.
Home values in the area are comparatively accessible by national standards, which can create some competition from ownership; however, steady neighborhood occupancy and a meaningful renter pool suggest continued depth for multifamily demand. According to commercial real estate analysis from WDSuite, the neighborhood’s per‑unit NOI profile and national-percentile standings indicate solid long-term fundamentals supported by workforce demand.
- High neighborhood occupancy and renter concentration support leasing stability.
- 2000 vintage competes well versus older area stock, with targeted value-add potential.
- Serviceable amenity access (cafes, groceries) aligns with workforce renter demand.
- Risk: below-average school ratings and limited parks/pharmacy density may narrow some renter segments.
- Risk: comparatively accessible ownership options may temper pricing power; focus on retention and operations.