| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 15th | Poor |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1516 Neal St, Navasota, TX, 77868, US |
| Region / Metro | Navasota |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1516 Neal St, Navasota TX — Multifamily Investment Thesis
Neighborhood occupancy is competitive for the county and renter concentration is high, supporting steady demand according to WDSuite’s CRE market data. With a 1973 vintage, the asset profile points to value-add potential alongside stable workforce housing dynamics.
Navasota’s neighborhood surrounding 1516 Neal St is rated A- and ranks 5 out of 18 within Grimes County, making it competitive among local neighborhoods. Neighborhood occupancy is mid-pack nationally but competitive within the county (ranked 7 of 18), indicating stable renter demand rather than peak tightness. Renter-occupied housing accounts for a large share of units (ranked 2 of 18 and in the 84th percentile nationally), which signals depth in the tenant base for multifamily operators.
Daily-needs access is a relative strength: grocery stores and parks rank 1 of 18 locally, with national percentiles near the upper tier for both categories. Restaurants also score well for the area (ranked 1 of 18; mid-to-upper national percentile). Conversely, cafés and pharmacies are sparse (both ranked 18 of 18), which may limit lifestyle convenience; operators should emphasize on-site amenities or partnerships to offset these gaps.
Home values are modest in context, and rents benchmark on the lower side nationally. For investors, a high-cost ownership market is not the story here; instead, accessible ownership options can compete with rentals, so pricing power should hinge on property condition, leasing experience, and unit quality. The rent-to-income profile trends moderate, supporting retention but reinforcing the importance of value positioning over premium rent pushes.
Demographic statistics cited here are aggregated within a 3-mile radius. Household sizes have trended slightly higher over the past five years, pointing to larger households and steady need for practical, budget-conscious rentals. Median household incomes run below national norms, aligning the area with workforce housing demand and suggesting that reliable occupancy will come from competitively priced, well-maintained units rather than luxury features.
Comparable neighborhood crime rankings were not available in WDSuite for this location. Investors typically benchmark safety using city and county trendlines and confirm with local law enforcement briefings and insurance loss data to understand trajectory rather than single-year snapshots. Use consistent, like-for-like sources when comparing to nearby Grimes County neighborhoods.
- National Oilwell Varco — energy equipment (39.2 miles)
- McKesson Specialty Health — healthcare distribution (40.8 miles)
- Anadarko Petroleum — energy (40.8 miles) — HQ
- Hewlett Packard Enterprise Customer Engagement Center — technology services (40.8 miles)
The investment case centers on durable workforce housing fundamentals with value-add upside. The neighborhood is competitive within Grimes County, and renter-occupied share ranks near the top locally, supporting a consistent tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends are steady rather than peak-tight, suggesting dependable leasing with room to capture gains through unit upgrades and operational execution.
Built in 1973, the property is older than the local average vintage, which typically implies capital planning for systems and interiors—but also creates an avenue to outperform nearby stock via focused renovations. Local amenities skew toward daily needs (strong grocery and park access), while schools rate below national norms and incomes are lower, reinforcing a workforce positioning where careful rent management and resident services can sustain retention.
- Competitive neighborhood within Grimes County with high renter concentration supporting demand depth
- 1973 vintage offers value-add opportunity through targeted renovations and operating enhancements
- Daily-needs amenity access (grocery, parks, restaurants) supports leasing and retention
- Pricing power likely tied to quality and service given accessible ownership alternatives and moderate rent-to-income
- Risks: smaller market dynamics, below-average school ratings, and income sensitivity may cap premium rent growth