| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 89th | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Cleveland St, Houston, TX, 77019, US |
| Region / Metro | Houston |
| Year of Construction | 2012 |
| Units | 28 |
| Transaction Date | 2025-11-13 |
| Transaction Price | $107,198,000 |
| Buyer | CWS ST JOSEPH LLC |
| Seller | 2009 CPT COMMUNITY OWNER LLC |
1001 Cleveland St Houston Multifamily Investment
Contemporary 28-unit asset in Houston’s urban core with steady renter demand and proximity to major employers, according to WDSuite’s CRE market data. Neighborhood fundamentals indicate durable leasing supported by amenity depth and a large renter base.
Situated in Houston’s Urban Core, the property benefits from an A+ neighborhood rating and meaningful amenity density that supports resident retention. Restaurant and park access are competitive among Houston-The Woodlands-Sugar Land neighborhoods (top quartile among 1,491 metro neighborhoods) and also test in the top quartile nationally, underscoring day-to-day convenience valued by urban renters.
The 2012 construction is newer than the neighborhood’s average vintage (1980s), improving competitive positioning versus older stock. While investors should plan for routine system updates over the hold, the relative recency can temper near-term capital needs and support leasing against 1980s-era comparables.
Renter concentration is high (share of renter-occupied housing units ranks near the top locally), indicating a deep tenant base that can support absorption and occupancy stability. Elevated home values for the area tend to sustain reliance on multifamily housing, which can aid pricing power when paired with disciplined lease management.
Within a 3-mile radius, population and households have grown and are projected to continue rising, with average household size trending lower. This implies a larger tenant base and more renters entering the market—factors that support occupancy and lease-up. Neighborhood occupancy tracks around metro medians, so product differentiation and service levels remain important for renewals and rent trade-outs, based on commercial real estate analysis from WDSuite.
Safety requires underwriting attention. Compared with neighborhoods nationwide, this area falls in a lower national safety percentile, and its crime ranking places it in a weaker cohort among 1,491 Houston metro neighborhoods. Recent year-over-year estimates point to increases in both property and violent offenses. Investors commonly evaluate lighting, access controls, and insurance costs, balancing mitigation strategies against location and demand strengths.
Nearby energy and utilities employers anchor a sizable professional workforce, supporting renter demand and commute convenience. The list below reflects close-in offices and headquarters that can contribute to leasing stability.
- Plains GP Holdings — energy infrastructure (0.4 miles) — HQ
- Eog Resources — energy (0.6 miles) — HQ
- Enterprise Products Partners — energy infrastructure (0.6 miles) — HQ
- Centerpoint Energy — utilities (0.7 miles) — HQ
- Targa Resources — energy infrastructure (0.7 miles) — HQ
This 28-unit, 2012-vintage property is positioned in an amenity-rich urban neighborhood with a deep base of renter-occupied housing and elevated ownership costs—factors that can support pricing power and renewals when operations are well executed. According to CRE market data from WDSuite, the neighborhood’s amenity access and high renter share underpin demand, while the newer vintage versus local averages may reduce near-term capital intensity and support competitive leasing.
Within a 3-mile radius, population and household growth alongside smaller average household sizes suggest ongoing renter pool expansion, complemented by proximity to multiple energy and utilities employers. Principal risks include below-average safety metrics and the need for disciplined lease management where rents sit toward the upper tier locally.
- 2012 construction competes well versus older stock; targeted upgrades can further differentiate
- High share of renter-occupied units and elevated ownership costs reinforce multifamily demand
- Amenity-rich urban core with top-quartile restaurant and park access supporting retention
- 3-mile population and household growth point to a larger tenant base over the medium term
- Risks: below-average safety metrics; importance of disciplined leasing at higher local rent levels