| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 36th | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Normandy St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 2008 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Normandy St Houston Multifamily Investment
Neighborhood occupancy has held near the metro middle with a majority of units renter-occupied, supporting demand stability according to WDSuite’s CRE market data. Location fundamentals skew workforce with solid commute access to major energy and utilities employers, positioning rents for steady leasing rather than outsized growth.
This inner-suburb location in Harris County offers day-to-day convenience more than lifestyle flair. Grocery access is a relative strength versus the metro and nation, while restaurants are reasonably distributed nearby; cafes, parks, childcare, and pharmacies are sparse, which suggests residents rely on larger retail corridors for discretionary needs. Average school ratings sit above national norms, a constructive signal for family-oriented renter households.
Within the Houston-The Woodlands-Sugar Land metro, the neighborhood’s occupancy is around the metro median, indicating stable leasing fundamentals rather than late-cycle softness. The renter-occupied share is high for the region and ranks in the upper tier nationally, pointing to a deep tenant base and recurring demand for professionally managed multifamily.
Construction patterns trend older across nearby stock, and a 2008-built asset competes well against the 1980s-vintage baseline by offering more contemporary layouts and systems. Investors should still plan for mid-life capital items and selective modernization to sharpen competitive positioning and support retention.
Demographic statistics aggregated within a 3-mile radius show modest population growth and rising household counts, with household sizes edging lower over time. This combination typically supports a larger tenant base and steadier absorption of rental units. Home values relative to incomes are elevated compared with many U.S. neighborhoods, which tends to sustain reliance on rental housing; rent-to-income levels in the area point to manageable affordability pressure, favoring lease retention with disciplined renewals.
Safety indicators track below national medians, with violent and property offense measures reflecting a tougher profile than many U.S. neighborhoods. Within the Houston metro, conditions are around the metro median among 1,491 neighborhoods, and recent estimates show a slight year-over-year improvement in property offenses. Investors should prioritize standard security, lighting, and access controls and underwrite operating practices accordingly.
Proximity to Houston’s energy and utilities corporate base underpins workforce renter demand and commute convenience. Nearby anchors include Calpine, Waste Management, Kinder Morgan, NRG Energy, and Targa Resources.
- Calpine — power generation (10.1 miles) — HQ
- Waste Management — environmental services (10.2 miles) — HQ
- Kinder Morgan — pipelines & midstream (10.3 miles) — HQ
- NRG Energy — power & retail energy (10.3 miles)
- Targa Resources — midstream energy (10.4 miles) — HQ
The 2008 vintage, 60-unit asset offers competitive positioning versus older neighborhood stock while benefiting from a renter-heavy housing base that supports occupancy stability. Based on commercial real estate analysis from WDSuite, location fundamentals lean workforce with reliable proximity to major energy and utilities employers, suggesting steady tenant demand and predictable leasing rather than volatility.
Within a 3-mile radius, modest population growth and a projected increase in households expand the renter pool, while home values relative to incomes remain elevated enough to reinforce reliance on multifamily housing. Mid-life systems planning and targeted upgrades—kitchens, finishes, and efficiency improvements—can strengthen retention and justify measured rent steps in line with neighborhood affordability.
- Newer 2008 construction competes well against older local stock, limiting near-term functional obsolescence.
- Renter-occupied share is high locally, supporting depth of demand and occupancy stability.
- Workforce location near major energy and utilities employers provides a durable leasing funnel.
- Demographic trends within 3 miles point to a larger tenant base and consistent absorption.
- Risks: limited nearby amenities in parks/cafes and below-national safety metrics require prudent operations and underwriting.