| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 39th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1403 N Logan St, Texas City, TX, 77590, US |
| Region / Metro | Texas City |
| Year of Construction | 1976 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1403 N Logan St Texas City Multifamily Investment
Neighborhood occupancy is strong and has trended higher, supporting income stability for operators in this submarket, according to WDSuite’s CRE market data. Note: occupancy refers to the surrounding neighborhood, not the property.
Positioned in an Inner Suburb of the Houston-The Woodlands-Sugar Land metro, the area surrounding 1403 N Logan St carries a B neighborhood rating and is competitive among 1,491 metro neighborhoods. For investors, that translates to balanced fundamentals and steady renter demand compared with many Houston-area peers.
Livability drivers lean practical: restaurants are ample relative to national norms while grocery access and parks rank strong nationally, reinforcing daily convenience and family-friendly recreation. By contrast, cafes and pharmacies are thinner locally, so residents may rely on nearby corridors for those services.
Within a 3-mile radius, demographic trends point to a larger tenant base over time: population has inched up while households have expanded faster, and forecasts show further population growth alongside a shift toward smaller household sizes by 2028. The share of housing units that are renter-occupied is meaningful today and is projected to rise, indicating a deepening renter pool that supports occupancy stability and leasing velocity.
On the cost side, elevated home value growth has occurred off a relatively accessible ownership base for the region. That can introduce some competition with entry-level ownership, but rent levels remain moderate for the metro and rent-to-income dynamics suggest manageable affordability pressure — a constructive backdrop for retention and pricing discipline. Average school ratings in the neighborhood sit below national medians, which may temper appeal for some family renters; investors often offset this via unit finishes, onsite amenities, and access to nearby parks and groceries.
Operationally, neighborhood occupancy ranks in the top quartile among 1,491 metro neighborhoods, supporting stable cash flow expectations for well-run assets. At the same time, neighborhood-level NOI per unit trails national averages, underscoring the importance of expense control and targeted value-add to unlock margin.
Safety indicators show a mixed but improving profile. Overall crime levels compare modestly better than national norms (higher national percentile indicates safer), while violent offense metrics sit below the national median. Importantly, both violent and property offense rates have declined over the past year, placing the neighborhood in stronger national percentiles for improvement. Investors should view trends at the neighborhood level and underwrite property-specific measures (lighting, access control) accordingly.
Proximity to energy, aerospace, telecommunications, and industrial employers underpins workforce housing demand and supports tenant retention for commuters.
- Calpine Turbine Maintenance Group — energy services (16.5 miles)
- Boeing: Bay Area Building — aerospace (16.8 miles)
- Dish Network — telecommunications (18.1 miles)
- Air Products — industrial gases (25.4 miles)
- Waste Management — environmental services (35.9 miles) — HQ
The surrounding Texas City neighborhood offers steady renter demand with above-metro occupancy, practical amenities, and proximity to diverse employment nodes. Based on commercial real estate analysis and CRE market data from WDSuite, neighborhood occupancy sits in the top quartile locally, which supports income durability for well-positioned assets. Household growth and an expected rise in the share of renter-occupied units within 3 miles point to a larger tenant base, while moderate rent levels help manage affordability pressure and retention risk.
Key offsets to underwrite include school ratings that trail national medians and neighborhood NOI per unit that is below national norms, which places a premium on operational efficiency and targeted upgrades. Ownership remains relatively accessible for the region, so competition with entry-level for-sale housing is a consideration, but ongoing household formation and broad employer access should sustain leasing fundamentals.
- Top-quartile neighborhood occupancy in the Houston metro supports cash flow stability
- Expanding 3-mile renter pool and household growth bolster demand depth
- Practical amenity mix (strong groceries/parks, solid restaurants) aids retention
- Workforce access to energy, aerospace, and telecom employers supports leasing
- Risks: below-median school ratings, NOI per unit below national norms, and some competition from entry-level ownership