| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 15th | Poor |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 Church St, Navasota, TX, 77868, US |
| Region / Metro | Navasota |
| Year of Construction | 1992 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1015 Church St Navasota 41-Unit Multifamily Investment
Neighborhood multifamily occupancy is reported near the high-80s and trending upward, according to WDSuite’s CRE market data, signaling stable renter demand drivers around this address.
This Inner Suburb neighborhood in Navasota is competitive among Grimes County neighborhoods (ranked 5 of 18) with an A- neighborhood rating, indicating balanced fundamentals that can support leasing stability for a 41-unit asset. Reported neighborhood occupancy of 88.8% is improving over the past five years; this is a neighborhood-level metric and not specific to the property.
Daily-needs access is a relative strength: grocery and restaurant density both rank 1st among 18 neighborhoods locally and sit in the top quartile nationally, which helps retention for residents prioritizing convenience. Childcare access is also strong (top quartile nationally), while pharmacy and café density are limited (both at the bottom of the local ranking), suggesting some amenity gaps investors should note.
At the neighborhood level, the median contract rent is lower relative to many markets and the rent-to-income ratio around 0.18 suggests manageable affordability pressure, which can aid lease renewal rates. The share of housing units that are renter-occupied is about the mid-40% range, indicating a meaningful tenant base without overconcentration; together these dynamics point to steady depth of demand rather than transient turnover.
Home values in the area are on the lower side compared with national averages, which can introduce some competition from entry-level ownership options. For multifamily investors, that typically argues for a focus on livability, property management quality, and value-oriented positioning to sustain pricing power and reduce move-outs.
Vintage context: with construction year 1992 versus a local average near 1978, the asset is newer than much of the nearby housing stock. That generally supports competitive positioning versus older comparables, while still warranting selective modernization and systems updates typical for 1990s construction.
WDSuite does not show verified neighborhood crime statistics for this location at the time of analysis. Investors typically benchmark safety by comparing neighborhood trends to broader county and regional patterns and by reviewing recent, reputable local sources to understand directionality rather than relying on block-level snapshots.
Regional employment centers within a commutable radius contribute to renter demand and lease retention, notably in energy, technology, and healthcare services. The list below highlights nearby corporate offices relevant to the area’s commute shed.
- National Oilwell Varco — energy equipment & services (39.3 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology services (40.1 miles)
- McKesson Specialty Health — healthcare services (40.4 miles)
- Anadarko Petroleum — energy (40.5 miles) — HQ
- Centerpoint Energy — utilities (44.2 miles)
1015 Church St offers a smaller-scale multifamily footprint in a neighborhood showing steady renter demand signals. Neighborhood occupancy is reported at 88.8% with an upward five-year trend, and daily-needs amenities (grocery, restaurants, childcare) test in the top quartile nationally, supporting retention. Built in 1992, the property is newer than the local average, providing a competitive edge against older stock while leaving scope for targeted renovations and systems upgrades. According to CRE market data from WDSuite, rent levels and a rent-to-income ratio near the high teens point to relatively manageable affordability pressure, which can support lease stability when paired with effective management.
Key considerations for underwriting include potential competition from entry-level homeownership given lower local home values, and softer school ratings relative to national norms that may influence certain family renters. Amenity gaps such as limited pharmacy and café presence suggest a continued focus on convenience-oriented property amenities and services to reinforce value.
- Neighborhood occupancy trending upward, supporting stable leasing conditions
- Daily-needs access strong (grocery, restaurants, childcare) aiding retention
- 1992 construction offers competitive positioning with selective value-add potential
- Manageable rent-to-income dynamics support pricing discipline and renewals
- Risks: entry-level ownership competition, weaker school ratings, and limited pharmacy/café options