| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 43rd | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Oak Park Dr, Alvin, TX, 77511, US |
| Region / Metro | Alvin |
| Year of Construction | 1982 |
| Units | 46 |
| Transaction Date | 2016-09-23 |
| Transaction Price | $2,300,000 |
| Buyer | Interurban Oak Park LLP |
| Seller | Fabulous Life LLC |
201 Oak Park Dr Alvin Multifamily Investment
Strong renter concentration in the surrounding neighborhood supports a stable tenant base, according to WDSuite s CRE market data. Positioning focuses on durable demand and retention, with pricing supported by local amenity access and commuting connectivity.
The property sits in an Inner Suburb location within the Houston-The Woodlands-Sugar Land metro, with a neighborhood rating of B+ (ranked 409 among 1,491 metro neighborhoods). Nearby daily-needs access is a strength: grocery, pharmacy, parks, and childcare density score in the upper national percentiles, while caf e9 options are thinner. For investors, this mix supports everyday convenience that helps with leasing and renewals.
Multifamily dynamics are mixed but investable. Neighborhood occupancy trends are below the national median, yet the share of housing units that are renter-occupied is high (competitive among Houston neighborhoods and in the top decile nationally), indicating depth in the tenant pool. Median contract rents sit in the upper half nationally with steady 5-year gains, suggesting achievable pricing without overextending renters.
Within a 3-mile radius, households have grown while average household size has edged down, effectively expanding the addressable renter base. Population growth has been positive and is projected to accelerate alongside a notable increase in households, which can support occupancy stability and lease-up at this asset over the medium term. Median household incomes have trended upward locally, reinforcing the ability to absorb moderate rent steps as units are refreshed.
Home values in the immediate area are lower than many national peers, which can introduce some competition from entry-level ownership. However, rent-to-income levels are relatively manageable, a setup that can support retention and measured pricing power for well-managed assets.
Safety indicators benchmark slightly above national averages overall based on WDSuite s CRE market data, with the neighborhood s composite crime profile landing in the upper half nationwide. Recent trend data points to significant year-over-year improvement in both violent and property offense rates, a constructive sign for perception and leasing.
Against the Houston metro, results are competitive among 1,491 neighborhoods and trending in a favorable direction. As always, outcomes vary by block and asset operations; owners typically address this with lighting, access control, and resident engagement to support on-site experience.
Proximity to telecom, aerospace, and energy services anchors supports blue- and white-collar renter demand and commute convenience for residents. Nearby employers include Dish Network, Boeing, Calpine, Occidental, and Waste Management.
- Dish Network d telecom services (0.78 miles)
- Boeing: Bay Area Building d aerospace offices (15.0 miles)
- Calpine Turbine Maintenance Group d energy services (16.8 miles)
- Occidental d energy (24.67 miles)
- Waste Management d environmental services (24.71 miles) d HQ
This 46-unit Alvin property benefits from a renter-heavy neighborhood, solid daily-needs accessibility, and a growing 3-mile household base. Based on commercial real estate analysis from WDSuite, neighborhood rents track in the upper half nationally while rent-to-income levels remain manageable, supporting retention and measured rent steps with operational improvements. Ownership costs nearby are comparatively accessible, which can introduce competition with entry-level ownership; disciplined lease management and product differentiation become key to sustain occupancy.
Forward-looking demographics are constructive: population and household growth within 3 miles are projected to strengthen, and incomes have been trending upward, widening the pool of qualified renters. Amenity density (grocery, pharmacy, parks, childcare) further supports leasing velocity and renewal likelihood, even as neighborhood occupancy sits below national medians today.
- High renter-occupied share indicates a deep tenant base and supports demand durability.
- Household growth within 3 miles expands the renter pool, aiding occupancy stability.
- Amenity-rich daily-needs access (grocery, pharmacy, parks, childcare) supports leasing and renewals.
- Manageable rent-to-income levels support measured pricing power with ongoing upgrades.
- Risk: Neighborhood occupancy trails national medians and local homeownership is comparatively accessible d requiring product differentiation and active lease management.