| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 52nd | Good |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 415 Garland Dr, Lake Jackson, TX, 77566, US |
| Region / Metro | Lake Jackson |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | 2017-02-28 |
| Transaction Price | $16,337,500 |
| Buyer | INTERURBAN WILSHIRE LLC |
| Seller | 532 TITLE WAY LLC |
415 Garland Dr Lake Jackson Multifamily Investment
Neighborhood occupancy has held in a resilient range, supporting cash flow stability according to WDSuite’s CRE market data. The submarket’s steady renter demand suggests predictable leasing even through broader Houston cycles.
Lake Jackson’s inner-suburb setting offers practical livability for workforce households with strong school options and straightforward access to everyday services in the broader Brazoria County corridor. Average school ratings sit in the top quartile nationally, and the neighborhood ranks 102 out of 1,491 metro neighborhoods on this measure, a combination that tends to support lease retention for family-oriented renters.
Occupancy in the neighborhood is competitive among Houston-The Woodlands-Sugar Land neighborhoods (ranked 554 of 1,491), indicating balanced supply-demand and helping underpin revenue consistency for stabilized assets. The share of housing units that are renter-occupied is above metro median (national percentile 77), signaling a deep tenant base and reinforcing multifamily demand.
Within a 3-mile radius, population has grown modestly in recent years with households increasing, expanding the local renter pool. Forward-looking projections show households continuing to rise even as total population trends flat to slightly lower, implying smaller average household sizes and an ongoing pipeline of renters entering the market—factors that can support occupancy stability for well-positioned assets.
Home values in this area are relatively accessible compared with higher-cost U.S. metros, which can create some competition with ownership options. That said, median rent-to-income levels in the neighborhood remain near national mid-range, indicating manageable affordability pressure and room for disciplined pricing strategies and renewal management rather than aggressive concessions.
Neighborhood-level crime estimates are not available for this location in WDSuite at this time. Investors typically contextualize safety by comparing city and county benchmarks, recent leasing performance, and school ratings, and by reviewing property-level security measures. Using a comparative lens over time can clarify whether local conditions are stable, improving, or warranting added operating controls.
Regional employers within commuting range help support renter demand and retention, particularly among households tied to telecommunications, semiconductors, and aerospace offices.
- Dish Network — telecommunications (29.5 miles)
- Texas Instruments — semiconductors (41.2 miles)
- Boeing: Bay Area Building — aerospace offices (44.4 miles)
This 64-unit asset sits in a neighborhood with occupancy that is competitive among Houston-The Woodlands-Sugar Land submarkets, supporting stable operations for well-managed properties. The local renter concentration is above the metro median, indicating depth in the tenant base. Within a 3-mile radius, recent growth in households alongside steady incomes points to a larger base of renters, while relatively accessible ownership costs call for attentive leasing and renewal strategies to maintain pricing power.
According to CRE market data from WDSuite, neighborhood occupancy and school quality metrics compare favorably against many peers, which can bolster retention and reduce turnover costs. Looking forward, projections suggest households continue to rise even if population growth moderates, implying smaller household sizes and ongoing demand for rental housing—conditions that favor steady, management-driven value creation over speculative rent growth.
- Competitive neighborhood occupancy supports stable cash flow and reduces concession risk.
- Above-median renter concentration signals durable tenant demand and leasing depth.
- 3-mile household growth and solid school ratings improve retention for family renters.
- Pricing power achievable through disciplined lease management given mid-range rent-to-income levels.
- Risk: relatively accessible ownership options may compete with rentals—plan for renewal strategies and amenity positioning.