| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 62nd | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Willow Dr, Lake Jackson, TX, 77566, US |
| Region / Metro | Lake Jackson |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Willow Dr, Lake Jackson Multifamily Investment
Stabilized renter demand and steady neighborhood occupancy suggest durable income potential, according to WDSuite’s CRE market data. Location fundamentals favor workforce housing, with pricing power likely tied to asset quality and management execution rather than outsized market growth.
Lake Jackson sits within the Houston-The Woodlands-Sugar Land metro and this suburban neighborhood trends above the national median for occupancy, per WDSuite, indicating a comparatively resilient renter base even as five-year vacancies have eased modestly. Neighborhood rents track in the upper half nationally while recent neighborhood-level rent trends have been mixed, so assets that differentiate on finishes, parking, and maintenance tend to capture the most consistent leasing.
The property s 1976 vintage is slightly older than the neighborhood s average construction year. For investors, that typically implies a practical capital plan: building systems, exteriors, and common areas can be targeted for value-add, supporting relative competitiveness against newer stock while preserving cost discipline.
Within a 3-mile radius, demographics point to a growing population and an increase in households, expanding the tenant base for multifamily. The renter-occupied share within this radius is materially present, supporting depth of demand, while household incomes are healthy by regional standards a combination that can support occupancy stability and disciplined rent management.
Retail and daily-needs amenities are not concentrated in the immediate neighborhood cluster, reflecting a more auto-oriented suburban pattern. Investors should underwrite convenience via property-level offerings (parking, onsite laundry, package solutions) and emphasize connectivity to services and employment nodes to support retention.
Neighborhood-level crime metrics are not available in WDSuite for this area at this time. Investors typically benchmark safety using city and county reporting, property-level incident logs, and trend comparisons to nearby Houston metro neighborhoods to contextualize conditions and potential insurance or security line items.
Regional employment is diversified across telecom, semiconductors, aerospace, and energy services. These employers provide a broad commuting base that can support renter demand and lease retention for workforce-oriented properties.
- Dish Network telecom operations (27.4 miles)
- Texas Instruments semiconductors (38.8 miles)
- Boeing: Bay Area Building aerospace offices (42.3 miles)
- Calpine Turbine Maintenance Group energy services (44.0 miles)
Positioned in a suburban Lake Jackson cluster with occupancy that tracks above national medians, the asset benefits from a stable tenant base and household income levels supportive of rent collections. Based on CRE market data from WDSuite, neighborhood rent posture is competitive nationally while recent trends are more tempered, suggesting performance will hinge on asset-level execution and value-add differentiation rather than market-wide lift.
Built in 1976, the property is a candidate for targeted renovations and systems upgrades to enhance competitiveness versus newer stock. Within a 3-mile radius, population and household growth indicate a larger tenant base going forward, while a meaningful renter-occupied share supports demand depth; however, an amenity-light immediate neighborhood places a premium on on-site convenience and management quality.
- Occupancy trends above national medians support income durability.
- 1976 vintage offers practical value-add and systems modernization potential.
- 3-mile radius shows expanding tenant base, reinforcing multifamily demand.
- Healthy local incomes aid collections and lease retention.
- Risk: amenity-light immediate area and moderated rent momentum require strong operations to sustain pricing.