| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 19th | Poor |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 719 Sheldon Rd, Channelview, TX, 77530, US |
| Region / Metro | Channelview |
| Year of Construction | 1973 |
| Units | 54 |
| Transaction Date | 2007-03-16 |
| Transaction Price | $1,475,000 |
| Buyer | MARQUEZ RUDY J |
| Seller | MEESCHA LLC |
719 Sheldon Rd Channelview TX Workforce Multifamily with Value-Add Upside
Neighborhood-level occupancy and renter demand trends in Channelview point to durable workforce housing fundamentals, according to WDSuite’s CRE market data. With rents near the metro middle and steady tenant depth, the asset’s thesis centers on cash-flow stability with selective upgrades.
Channelview is a suburban submarket east of Houston with everyday conveniences close at hand. Amenity access trends sit around national averages, but grocery and pharmacy presence stand out at stronger levels, while parks and cafes are thinner locally. For investors, that mix supports daily livability and leasing while suggesting limited lifestyle-driven rent premiums.
Neighborhood rent levels benchmark near the national middle, and the rent-to-income ratio sits on the lower side locally, which can help retention and limit near-term affordability pressure. At the neighborhood level, occupancy is reported at roughly the low-90s percent range, indicating established renter demand rather than lease-up risk; this is a neighborhood metric, not property-specific.
Construction in the immediate area skews slightly newer than this asset, with the average neighborhood vintage around the early 1980s. Given the property’s 1973 construction, investors should underwrite ongoing capital planning and value-add potential to keep finishes and systems competitive versus newer stock. Within a 3-mile radius, renter-occupied housing comprises roughly one-quarter to one-third of units, indicating a meaningful tenant base that can support lease-up and renewal activity.
Demographics aggregated within a 3-mile radius show recent population and household growth with further expansion projected by 2028. Rising median incomes and continued household formation translate into a larger tenant base over time, which typically supports occupancy stability and measured pricing power. Based on CRE market data from WDSuite, this growth trajectory aligns with steady demand for attainable rentals in the workforce segment.
Safety indicators for the neighborhood benchmark slightly below the national average at present, but recent trends show meaningful year-over-year improvement. Property and violent offense rates have declined at a pace that outperformed many U.S. neighborhoods, signaling a positive directional shift rather than a static risk profile.
Within the Houston-The Woodlands-Sugar Land metro (1,491 neighborhoods), the area compares mid-pack, with conditions that warrant prudent security practices and resident engagement while not being an outlier for risk. For underwriting, investors can weight the improving trajectory alongside standard measures such as lighting, access control, and community partnerships.
Proximity to energy, industrial gases, power generation, aerospace, and environmental services employers underpins a broad blue- and white-collar employment base, supporting tenant demand and commute convenience for workforce renters.
- Air Products — industrial gases (6.5 miles)
- Calpine Turbine Maintenance Group — power generation services (12.9 miles)
- Boeing: Bay Area Building — aerospace offices (13.5 miles)
- Calpine — power generation (14.5 miles) — HQ
- Waste Management — environmental services (14.5 miles) — HQ
Built in 1973 and totaling 54 units, the property offers a workforce-oriented profile in a suburban Houston locale where neighborhood occupancy is in the low-90s and rents benchmark near the national middle. The slightly older vintage versus nearby stock points to clear value-add levers—interior finishes, common areas, and systems—while daily-needs retail access and proximity to diversified employers support tenant retention and leasing velocity.
Within a 3-mile radius, WDSuite indicates population and household growth alongside rising incomes, expanding the renter pool and supporting long-term demand. According to CRE market data from WDSuite, lower rent-to-income levels locally suggest manageable affordability pressure, aiding renewal capture, while relatively accessible home values may create some competition from ownership that investors should incorporate into pricing and retention strategies.
- Workforce demand supported by nearby energy, industrial, and services employers
- Neighborhood occupancy in the low-90s supports cash flow stability (neighborhood metric)
- 1973 vintage offers value-add and modernization upside versus newer local stock
- Lower rent-to-income levels indicate retention potential and measured pricing power
- Risks: safety benchmarks below national average and potential competition from homeownership; capex and active management recommended