| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 59th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2820 Richmond St, Needville, TX, 77461, US |
| Region / Metro | Needville |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2820 Richmond St, Needville TX Multifamily Investment
Stabilized renter demand and mid-range neighborhood rents point to durable leasing potential, according to WDSuite’s CRE market data. This suburban Fort Bend location offers steady occupancy and an investor-friendly operating profile without the pricing volatility of core Houston submarkets.
Needville’s suburban setting supports everyday convenience with a moderate presence of groceries and pharmacies, while cafe and park density is limited. Amenity access ranks competitive among 1,491 Houston-The Woodlands-Sugar Land neighborhoods, which helps with day-to-day livability even if lifestyle options are less dense than urban cores.
Neighborhood occupancy is reported in the low 90s, supporting baseline stability for a 40-unit asset. Median neighborhood rents track in the mid tier nationally, suggesting room to serve value-seeking tenants without sacrificing rent integrity.
The share of renter-occupied housing is competitive among 1,491 Houston-The Woodlands-Sugar Land neighborhoods, signaling a viable tenant base for multifamily. For investors, that renter concentration tends to aid leasing velocity and reduce downtime between turns.
Within a 3-mile radius, population and households have expanded and are projected to grow further, enlarging the potential renter pool. Rising household incomes in the same radius support rent collections and measured pricing power, though the high-cost ownership pressures seen in core Houston are less pronounced here, which may introduce some competition from entry-level ownership.
Home values in the neighborhood are below national midpoints, which can temper aggressive rent growth but can also support retention as renters weigh total housing costs. Overall, the neighborhood posts a B+ rating in WDSuite, placing it above the metro median on several livability and income metrics while remaining a workforce-friendly submarket.
Safety indicators compare favorably to national benchmarks, with overall crime positioning in the top quartile nationally by percentile, according to WDSuite’s data. Property offenses show a notable year-over-year decline, which helps underpin resident retention and leasing stability.
Violent offense indicators carry a stronger caution flag despite solid national percentile positioning, reflecting a recent uptick that investors should monitor. On balance, the area reads as comparatively safe versus many U.S. neighborhoods, but underwriting should incorporate standard security, lighting, and resident engagement measures.
Proximity to regional employers supports commuter convenience and broad renter demand, led by semiconductors, corporate services, and energy headquarters reflected below.
- Texas Instruments — semiconductors (16.6 miles)
- National Oilwell Varco Employees CU — corporate services (26.0 miles)
- Abm SSC — corporate services (26.1 miles)
- National Oilwell Varco — oilfield services (26.1 miles) — HQ
- Sysco — food distribution (27.7 miles) — HQ
This 40-unit Needville asset benefits from steady neighborhood occupancy, competitive renter concentration within the Houston-The Woodlands-Sugar Land metro, and a growing 3-mile household base that supports leasing depth. Based on commercial real estate analysis from WDSuite, mid-tier neighborhood rents and rising local incomes point to durable collections with potential for disciplined rent optimization.
The submarket’s moderate amenities and below-national home values imply measured pricing power and some competition from ownership, but they also align the property with workforce renters seeking value. Safety metrics trend favorable nationally, and declining property offenses support resident retention; investors should still monitor the recent uptick in violent incidents when planning onsite improvements and underwriting reserves.
- Stable neighborhood occupancy and competitive renter concentration support leasing consistency
- Mid-tier neighborhood rents with rising local incomes enable disciplined rent management
- Expanding 3-mile household base enlarges the tenant pool and supports future demand
- Favorable national safety positioning and declining property offenses aid retention
- Risk: limited lifestyle amenities and accessible ownership options can temper pricing power