| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 63rd | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2502 Alexander Ln, Pearland, TX, 77581, US |
| Region / Metro | Pearland |
| Year of Construction | 1997 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2502 Alexander Ln, Pearland TX Multifamily with Stable Demand
Positioned in an A-rated inner-suburban pocket of Pearland, this 56-unit asset benefits from strong neighborhood occupancy and service-rich surroundings, according to WDSuite’s CRE market data.
The property sits in an A-rated Inner Suburb neighborhood that ranks among the top quartile of the 1,491 neighborhoods in the Houston-The Woodlands-Sugar Land metro. Local fundamentals point to durable renter demand: neighborhood occupancy is exceptionally high, and median asking rents track above national norms, supporting revenue consistency through cycles.
Daily needs are well covered. Restaurants and pharmacies score in the mid-90s to upper-90s national percentiles, and cafe density is especially strong. Grocery access is also strong versus national benchmarks. The main amenity gap is green space, as park access is limited in this micro-area — a modest consideration for leasing to outdoor-oriented residents.
Tenure patterns suggest a bifurcated demand story: the immediate neighborhood shows an elevated share of renter-occupied housing, while demographics aggregated within a 3-mile radius skew more owner-occupied. For multifamily operators, that mix points to a defined renter segment and potential leasing stability supported by nearby employment and services.
Within a 3-mile radius, population and household counts have been growing and are projected to continue expanding into the next five years, with average household size trending lower. For investors, this implies a larger tenant base over time and supports occupancy stability and absorption for well-positioned properties.
Vintage matters: built in 1997 versus a neighborhood average near 2000, the asset is slightly older than nearby stock. That timing often translates to targeted capital planning and value-add potential (interiors, building systems, and curb appeal) to compete effectively against newer deliveries.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety (national percentile in the low 30s), while within the Houston metro it is roughly mid-pack among 1,491 neighborhoods. Year-over-year readings indicate a recent uptick in property offenses, so prudent operators typically underwrite to modest security and loss-prevention measures and monitor trends.
Proximity to diversified employers supports a steady commuter tenant base, with aerospace, telecom, power, and energy corporate offices within typical driving ranges.
- Boeing: Bay Area Building — aerospace offices (10.4 miles)
- Dish Network — telecom services (10.8 miles)
- Calpine Turbine Maintenance Group — power generation services (12.4 miles)
- Waste Management — environmental services (14.6 miles) — HQ
- Centerpoint Energy — utilities (14.8 miles) — HQ
This 56-unit 1997 vintage property benefits from high neighborhood occupancy and amenity-rich surroundings that help sustain leasing velocity. According to CRE market data from WDSuite, median neighborhood rents sit above national norms while rent-to-income levels remain manageable, a combination that supports retention without overextending affordability. The asset is slightly older than nearby stock, creating a practical path for value-add upgrades to enhance competitive positioning against newer properties.
Demographics aggregated within a 3-mile radius show population growth to date and additional gains projected, alongside rising household counts and modestly smaller household sizes — factors that expand the renter pool and support occupancy stability over a longer hold. The broader Pearland/Houston location adds depth via a diversified employer base, reinforcing steady demand for workforce and lifestyle renters.
- High neighborhood occupancy and above-national rent positioning support income stability
- 1997 vintage offers clear value-add pathways (interiors/systems) versus nearby 2000-era stock
- 3-mile population and household growth indicate a widening tenant base and leasing durability
- Strong access to dining, groceries, and services enhances renter convenience and leasing appeal
- Risks: limited nearby park space and recent property-crime uptick warrant prudent operating plans