| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 28th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 N Avenue J, Freeport, TX, 77541, US |
| Region / Metro | Freeport |
| Year of Construction | 1977 |
| Units | 87 |
| Transaction Date | 2007-03-15 |
| Transaction Price | $460,100 |
| Buyer | FREEPORT MEADOWS LIMITED LIABILITY COMPA |
| Seller | PORT VELASCO APARTMENTS LIMITED LIABILIT |
1001 N Avenue J Freeport TX Multifamily Investment
Neighborhood occupancy has held in a mid-range band while rents remain accessible; according to WDSuite’s CRE market data, this supports retention potential for a workforce-leaning renter base in Freeport.
Located in Freeport within the Houston-The Woodlands-Sugar Land metro, the property sits in an Inner Suburb neighborhood rated C and ranked 1,178 of 1,491 metro neighborhoods, indicating below-median relative positioning but steady fundamentals. Grocery access and restaurants are competitive nationally, while cafes, childcare, and pharmacies are limited. The neighborhood s school ratings trend on the lower side, which may influence tenant mix and marketing strategies for family renters.
Area occupancy is reported at 86.1%, and rents benchmark in an accessible range for the metro. The neighborhood s renter-occupied share is 37.4%, signaling a mixed-tenure area with a moderate renter pool. For investors, that points to stable yet competitive leasing conditions where value, convenience, and property management execution matter for absorption and renewals.
The average construction year in the neighborhood is 1961, while this asset was built in 1977. Being newer than the local average suggests a relative competitive angle versus older stock; however, systems from this vintage may still warrant targeted capital planning and selective modernization to bolster leasing and reduce long-run maintenance risk.
Demographic statistics aggregated within a 3-mile radius show a recent dip in population alongside growth in household counts, implying smaller household sizes and a renter pool that may seek smaller, value-oriented units. Forward-looking projections in WDSuite point to population and household growth, which would expand the tenant base and support occupancy if realized. With a rent-to-income ratio near 0.13 at the neighborhood level and median home values on the lower side for the region, renters may view multifamily as a more accessible option, aiding lease retention but also introducing competition from entry-level ownership; pricing and amenity positioning should reflect that reality.
Comparable crime metrics are not available in WDSuite for this neighborhood. Investors typically contextualize safety by benchmarking neighborhood conditions against city and county trends and by monitoring changes over time. On-the-ground diligence and third-party sources can complement metro-level context to assess perceived safety and its impact on leasing and retention.
Regional employment across the Houston metro underpins renter demand, with commuting access to select corporate offices that broaden the workforce catchment. The list below highlights a nearby corporate presence relevant to regional commuting patterns.
- Dish Network corporate offices (31.1 miles)
This 1977, 87-unit asset in Freeport offers exposure to a mixed-tenure neighborhood where occupancy trends are steady and rents remain accessible versus incomes. According to CRE market data from WDSuite, neighborhood occupancy sits in a mid-80s range and renter concentration is moderate, which favors dependable leasing when paired with disciplined operations. The asset s vintage is newer than the neighborhood average, suggesting competitive positioning against older stock; focused upgrades can further improve durability and retention.
Within a 3-mile radius, household counts have increased even as population softened, pointing to smaller households and a renter pool that skews toward value and convenience well matched to efficient unit sizes. Forecasts indicate potential gains in households and incomes, supporting rent growth prospects if realized. Key risks include the neighborhood s below-median metro rank, limited service amenities like pharmacies and cafes, and competition from entry-level ownership, calling for careful pricing, amenity selection, and expense control.
- Accessible rents relative to incomes support retention and leasing stability
- Vintage newer than neighborhood average with value-add potential via targeted upgrades
- 3-mile household growth and projections expand the tenant base and support occupancy
- Stronger grocery and restaurant access offsets limited specialty services nearby
- Risks: below-median neighborhood rank, limited service amenities, and competition from entry-level ownership