| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 43rd | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 821 E House St, Alvin, TX, 77511, US |
| Region / Metro | Alvin |
| Year of Construction | 1976 |
| Units | 65 |
| Transaction Date | 2025-04-03 |
| Transaction Price | $2,586,850 |
| Buyer | KCI CAPITAL I LLC |
| Seller | KCI RESOURCE PROPERTY INC |
821 E House St Alvin Multifamily Value-Add
Renter demand in this inner-suburban pocket looks durable, with a high neighborhood renter-occupied share supporting leasing depth even as occupancy trends require active management, according to WDSuite’s CRE market data.
Located in Alvin within the Houston-The Woodlands-Sugar Land metro, the neighborhood scores a B+ and is competitive among 1,491 metro neighborhoods. Local fundamentals point to everyday convenience: strong access to grocery stores, pharmacies, restaurants, and parks ranks above many peers nationally, while cafes are less concentrated. Average school ratings sit near the national middle, which supports broad-based renter appeal without commanding premium pricing.
For multifamily, the neighborhood’s renter-occupied share is elevated (56.5% of housing units), indicating a deep tenant base and demand for rentals. By contrast, the neighborhood occupancy rate trends below national norms, suggesting operators should emphasize leasing execution and renewals to stabilize. Median contract rents sit near the national middle, which can support absorption for well-positioned assets.
At the property level, the 1976 vintage is slightly older than the neighborhood’s average stock (1980). That typically points to near- to medium-term capital planning and renovation potential; targeted upgrades can improve competitive positioning against newer assets while preserving an attainable price point for renters.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the past five years and a more pronounced increase in households, with forecasts indicating additional growth and smaller average household sizes by 2028. This combination generally expands the renter pool and supports occupancy stability, particularly for smaller floor plans that meet value-oriented demand.
Home values in the surrounding neighborhood are lower relative to national benchmarks, which can create some competition from ownership options. Operators should lean on convenience, unit quality, and lease management to sustain retention, especially where rent-to-income ratios signal mild affordability pressure for some cohorts.
Neighborhood safety indicators are mixed but improving. Overall crime is above the national midpoint (around the 61st percentile nationally), while violent-offense levels sit below the national midpoint. Both violent and property offenses have declined materially year over year, indicating a constructive trend rather than a static snapshot.
For investors, the takeaway is practical: recent downward trends can support leasing and renewal conversations, but on-the-ground diligence remains important to understand micro-block variation and how local enforcement and community programs may continue influencing the trajectory.
Nearby employers span telecom, aerospace, energy, and power services, supporting workforce housing demand and commute convenience for a broad renter base. The list below reflects key names within practical commuting distance that can help underpin leasing stability.
- Dish Network — telecom services (0.87 miles)
- Boeing: Bay Area Building — aerospace offices (14.41 miles)
- Calpine Turbine Maintenance Group — power services (16.21 miles)
- Waste Management — environmental services (24.42 miles) — HQ
- Centerpoint Energy — utilities (24.59 miles) — HQ
This 65-unit asset at 821 E House St benefits from a renter-heavy neighborhood, everyday retail access, and a growing 3-mile household base that broadens the tenant pool. While neighborhood occupancy trails national norms, median rents are near the national middle, creating room for well-managed assets to compete on value, quality, and convenience. Based on commercial real estate analysis from WDSuite, these dynamics suggest stable leasing potential with disciplined operations.
The 1976 vintage implies near- to medium-term capital planning and clear value-add pathways. Paired with proximity to diversified employment nodes, the property can capture steady demand from workforce renters. Investors should monitor affordability pressure and local ownership alternatives, positioning renovations and lease strategy to support retention and measured rent growth.
- Renter-occupied concentration supports a deep tenant base and steady demand.
- Everyday retail access (grocery, pharmacy, restaurants, parks) aids leasing and renewals.
- 1976 vintage offers value-add and modernization potential to strengthen competitiveness.
- Growing 3-mile households and diversified nearby employers underpin occupancy stability.
- Risk: Softer neighborhood occupancy and affordability/ownership competition require disciplined leasing and retention strategy.