Shadow Creek
Receivership Sale | 222 Unit Multifamily Property | Lufkin, TX
Marketing description
Shadow Creek I & II are a 222-unit, garden-style multifamily community located at 2807 Daniel McCall Drive in Lufkin, Texas. The property consists of eight residential buildings in two phases separated by Daniel McCall Drive: Phase I was constructed in 2000 with 138 units, and Phase II was built in 2012 and consists of 84 units. Currently 45.5% occupied, the property offers a well-balanced mix of one, two, and three-bedroom floor plans designed to serve a broad renter demographic. Community amenities include a clubhouse, business center, fitness center, coffee concierge, swimming pool, laundry facility, pet play area, picnic and grilling areas, and a playground, creating a fully equipped living environment for residents.
Shadow Creek represents one of the newer vintage multifamily communities within the Lufkin market, where the majority of competing properties were developed prior to 2000. According to ALN Apartment Data, the overall Lufkin multifamily market maintains an average occupancy of approximately 90.8%, proving strong underlying rental demand. Shadow Creek’s average effective rent of $1,132 exceeds the market average of $995, and asking rents have increased nearly 5% since 2024. The current occupancy of 45.5% provides an immediate opportunity for a new owner to execute a lease-up and stabilization strategy in a high-occupancy market, driving organic revenue growth through operations.
Investment highlights
Below-Market Occupancy Creates Upside Potential: With current occupancy at 45.5% , Shadow Creek offers a substantial lease-up opportunity for investors to stabilize operations and significantly increase NOI.
One of the Newer Assets in Lufkin: Built in 2000 & 2012, Shadow Creek is newer than most multifamily properties in Lufkin, where the majority of inventory was constructed prior to 2000. This positions the asset favorably in terms of long-term durability and appeal once renovated.
Strong Market Demand & Rent Growth: According to ALN Apartment Data, the Lufkin multifamily market maintains average occupancy of approximately 90.8%, demonstrating durable rental demand. Additionally, asking rents across the market have increased nearly 5 percent since 2024, supporting continued revenue growth through lease-up and rent optimization.
Strong Location Near Major Demand Drivers: The property benefits from close proximity to Loop 287, providing convenient access throughout Lufkin. It is also located less than one mile from Angelina College and near South First Street’s retail and dining corridor.
Steady Economic Base: Lufkin’s economy is supported by healthcare, manufacturing, and retail, offering a stable foundation for rental demand. The area’s growing population and community-oriented environment support long-term tenant retention.
Diversified Unit Mix: A balanced offering of one, two, and three-bedroom floor plans captures broad renter demand from students, young professionals, families, and healthcare workers, supporting higher absorption during lease-up.
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