| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 51st | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1741 W Henderson Rd, Angleton, TX, 77515, US |
| Region / Metro | Angleton |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | 2017-09-21 |
| Transaction Price | $1,248,000 |
| Buyer | HVM 216 ANGLETON LTD |
| Seller | JOHNSON ENTERPRISES LTD |
1741 W Henderson Rd — 32-Unit Angleton Multifamily
Neighborhood occupancy is strong and has trended up in recent years, according to WDSuite s CRE market data, suggesting resilient tenant demand around Angleton. Metrics cited refer to the surrounding neighborhood, not this property s specific occupancy.
This Angleton suburban neighborhood rates A- and ranks in the top quartile among 1,491 Houston metro neighborhoods, indicating competitive fundamentals relative to the region. Neighborhood occupancy sits in the top quartile metro-wide as well, a positive backdrop for maintaining leasing velocity and renewal stability.
Daily needs are accessible, with grocery and pharmacy availability tracking above national medians, and broader amenities landing around the 70th national percentile. Average school ratings are slightly below the national midpoint, which may affect some renter segments but typically has limited impact on workforce-oriented demand.
The asset s 1984 vintage is slightly newer than the neighborhood s average construction year of 1981. For investors, this often points to light-to-moderate capital planning needs and potential value-add via unit modernization to differentiate from older stock, while remaining cost-effective compared with new construction.
Tenure patterns indicate a meaningful renter base. Neighborhood data show roughly one-third of housing units are renter-occupied, and within a 3-mile radius the renter concentration is also in the mid-30% range. That depth supports multifamily demand, while the area s low rent-to-income positioning (top-quartile nationally) can aid retention and pricing flexibility.
Within a 3-mile radius, recent population and household growth have expanded the local renter pool, and projections point to further increases in households over the next several years. For multifamily owners, a larger household base typically supports occupancy stability and consistent leasing, though product positioning remains important as the owner-occupied share is also expected to rise.
Neighborhood-level crime benchmarks for this area are not available in the current WDSuite release. Without verified comparative data against other Houston metro neighborhoods or national percentiles, investors should review municipal reports and property-level history to assess trends and context.
- Dish Network corporate offices (18.0 miles)
- Texas Instruments corporate offices (30.1 miles)
- Boeing: Bay Area Building aerospace offices (33.0 miles)
- Calpine Turbine Maintenance Group energy services (34.8 miles)
- National Oilwell Varco energy equipment (35.3 miles) HQ
This 32-unit, 1984-vintage property benefits from a top-quartile neighborhood within the Houston metro and strong surrounding occupancy, supporting leasing stability. The area s rent-to-income positioning suggests manageable affordability pressure, which can underpin retention, while amenity access and steady renter concentration provide a practical demand base. According to CRE market data from WDSuite, the neighborhood s performance has been competitive versus regional peers, creating a constructive environment for disciplined value-add execution.
Investor considerations include product positioning against single-family ownership, as ownership is relatively accessible locally and owner-occupied share is expected to rise within a 3-mile radius. Targeted renovations, durable operations, and attention to unit finishes and management efficiency can help sustain pricing power as households expand and incomes trend upward.
- Strong neighborhood fundamentals with top-quartile metro ranking support occupancy stability.
- 1984 vintage offers value-add potential through selective upgrades and systems modernization.
- Manageable rent-to-income dynamics aid renewal rates and pricing flexibility.
- Expanding household base within 3 miles reinforces depth of the tenant pool.
- Risk: competition from ownership options and mixed school ratings may require sharper unit positioning.