| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 44th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1908 Rosharon Rd, Alvin, TX, 77511, US |
| Region / Metro | Alvin |
| Year of Construction | 1979 |
| Units | 96 |
| Transaction Date | 2006-05-30 |
| Transaction Price | $5,350,000 |
| Buyer | QH APTS LP |
| Seller | SOUTHERN CROSS CONSTRUCTION CO INC |
1908 Rosharon Rd, Alvin TX Multifamily Opportunity
Suburban Houston location with neighborhood occupancy around 90% and modestly improving, according to WDSuite’s CRE market data, positions this 96-unit asset for steady renter demand and value-add execution.
Alvin is a suburban node within the Houston-The Woodlands-Sugar Land metro, rated B and positioned above the national median on several livability measures, per WDSuite. Neighborhood amenities are generally supportive of daily needs: groceries, pharmacies, restaurants, and cafes register above national medians, while park access is limited. Average school ratings sit around the national midpoint, which can be serviceable for workforce housing but may not be a primary draw for family-focused renters.
The property’s 1979 vintage is slightly older than the neighborhood’s typical construction year (around 1980). For investors, this often points to targeted capital planning and renovation upside to modernize systems and finishes, improving competitive standing against newer product while maintaining cost-conscious positioning.
Tenure patterns suggest a balanced renter base. At the neighborhood level, roughly one-quarter of housing units are renter-occupied, supporting demand for multifamily without oversaturation. Within a 3-mile radius, the renter concentration is higher (around two-fifths), broadening the prospective tenant pool and aiding leasing velocity and retention.
Demographic momentum within a 3-mile radius is a constructive demand signal. Population and household counts have grown over the last five years, with forecasts pointing to further population growth and a sizable increase in households through the next five years. Rising incomes in the area and contract rents that track near national medians support a workforce housing thesis that can sustain occupancy and pricing power with disciplined lease management, based on commercial real estate analysis from WDSuite.
Safety trends are comparatively favorable for a suburban Houston location. According to WDSuite, the neighborhood benchmarks above the national average for safety, and both violent and property offense rates have moved lower year over year. Conditions can vary by micro-location and time of day, so investors should evaluate property-level operations and lighting, but the directional trend is supportive for renter retention and leasing.
Proximity to established employers supports workforce housing demand and commute convenience, notably in telecommunications, aerospace, power generation services, energy, and waste services.
- Dish Network — telecommunications (1.9 miles)
- Boeing: Bay Area Building — aerospace offices (16.3 miles)
- Calpine Turbine Maintenance Group — power generation services (18.1 miles)
- Occidental — energy (24.9 miles)
- Waste Management — waste services (25.1 miles) — HQ
1908 Rosharon Rd offers 96 units with compact average sizes that fit a workforce housing profile. Neighborhood occupancy hovers near 90% with a modest five-year uptick, and 3-mile demographics indicate population growth and a notable increase in households ahead — all supportive of a larger tenant base and occupancy stability. According to CRE market data from WDSuite, area rents sit near national medians, which can help manage affordability pressure and sustain leasing in a value-oriented segment.
The 1979 vintage implies practical capital planning: systems and interiors may benefit from targeted upgrades that can enhance competitiveness versus newer stock while preserving attainable pricing. Amenity access is generally solid (daily-needs retail and services), though limited park access and mixed school ratings suggest focusing amenities and programming on convenience, security, and on-site functionality. Home values in the area are relatively accessible by national standards, which may introduce some ownership competition, but the expanding renter pool within 3 miles helps underpin demand.
- Suburban Houston location with above-median amenities supports everyday convenience and leasing stability.
- Growing 3-mile population and households point to renter pool expansion and durable demand.
- 1979 vintage offers value-add potential through targeted system and interior upgrades.
- Rents near national medians help balance affordability pressure and retention in workforce housing.
- Risks: limited park access, mixed school scores, and potential competition from ownership options require disciplined operations and positioning.