| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 15th | Poor |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1208 Victoria St, Navasota, TX, 77868, US |
| Region / Metro | Navasota |
| Year of Construction | 1991 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1208 Victoria St Navasota 26-Unit Multifamily
Neighborhood renter concentration and improving occupancy point to steady leasing fundamentals, according to WDSuite’s CRE market data, with pricing supported by a relatively manageable rent-to-income profile.
Positioned in Navasota (Grimes County), the neighborhood carries an A- rating and ranks 5th among 18 county neighborhoods, which is competitive among Grimes County neighborhoods and above the local median based on CRE market data from WDSuite.
Daily-needs access is a relative strength: grocery and restaurant density rank at the top of the county cohort, and nearby parks score well versus regional peers. By contrast, cafes and pharmacies are limited locally, which may modestly affect convenience for some residents but is not unusual for inner-suburb locations in smaller Texas markets.
Multifamily demand signals are constructive. The neighborhood occupancy rate is 88.8% and has trended higher over the past five years, supporting a case for stable tenant retention. Roughly 44.4% of housing units are renter-occupied (high versus national norms), indicating a deeper tenant base for small and mid-size properties.
At the property level, the 1991 vintage is newer than the neighborhood’s average housing stock from the late 1970s, suggesting relatively stronger competitive positioning versus older assets. Investors should still underwrite ongoing system updates or cosmetic refreshes typical for early-1990s construction.
Affordability dynamics are supportive for leasing: median contract rents and home values sit below national midpoints, and the neighborhood’s rent-to-income ratio around 0.18 suggests manageable tenant costs, which can aid lease retention and reduce turnover risk. School ratings trail national averages, which may temper appeal for some family renters and should be considered in marketing and unit-mix strategy.
Neighborhood-level crime metrics are not available in WDSuite for this area, so investors should review broader Grimes County trends and consult local law enforcement or third-party reports for context. Use property-level measures (lighting, access control, and visibility) and market feedback to gauge on-the-ground conditions and leasing impact.
Regional employment nodes within commuting range include energy, healthcare, and technology corporate offices, which can provide a steady pool of renters with longer-distance commute tolerance typical of the Houston–College Station corridor.
- National Oilwell Varco — energy equipment (39.6 miles)
- McKesson Specialty Health — healthcare services (41.2 miles)
- Anadarko Petroleum — energy (41.2 miles) — HQ
- Hewlett Packard Enterprise Customer Engagement Center — technology services (41.3 miles)
This 26‑unit property benefits from a renter-heavy neighborhood with improving occupancy and daily-needs amenities that support leasing stability. According to CRE market data from WDSuite, the area ranks competitively within Grimes County, with grocery and restaurant access outpacing local peers and a renter-occupied share that indicates a deeper tenant base for small multifamily assets.
Built in 1991, the asset is newer than much of the surrounding housing stock from the late 1970s, suggesting relative competitiveness and potential to outperform older comparables with targeted updates. Affordability indicators, including a moderate rent-to-income ratio, point to retention advantages, while lower school ratings and limited specialty amenities (e.g., pharmacies, cafes) are considerations for underwriting and marketing.
- Renter depth and rising neighborhood occupancy support steady leasing.
- 1991 vintage offers a competitive edge versus older local stock, with value-add through selective upgrades.
- Daily-needs access (grocers, restaurants, parks) underpins resident convenience and retention.
- Affordability profile (moderate rent-to-income) supports pricing resilience and renewal rates.
- Risks: lower school ratings, fewer pharmacies/cafes, and reliance on regional job centers warrant conservative lease-up and expense assumptions.