| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 29th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1325 Greens Pkwy, Houston, TX, 77067, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 96 |
| Transaction Date | 2014-10-09 |
| Transaction Price | $2,800,000 |
| Buyer | PINE LAKE PROPERTY LP |
| Seller | THREE PILLARS MF8 LLC |
1325 Greens Pkwy Houston Multifamily Investment
Neighborhood occupancy sits in the low-90% range with a very high renter-occupied share, supporting depth of tenant demand according to WDSuite’s CRE market data. Positioning and operations will matter given local affordability pressures and mixed amenity access.
This Inner Suburb location in North Houston leans renter-heavy, with the neighborhood showing a very high share of renter-occupied housing units. That depth of renter demand supports leasing durability for multifamily, while the reported occupancy rate of the neighborhood around 92% indicates generally stable absorption, based on CRE market data from WDSuite.
Amenities are limited in the immediate area (few cafés, groceries, parks, or pharmacies within close reach), which places more weight on on-site offerings and management to drive retention. Restaurant density is comparatively better than other conveniences, but overall amenity rank sits below most Houston neighborhoods.
Property vintage matters here. Built in 1984 versus a neighborhood average construction year around 1991, this asset is older than much of the local stock. Investors should plan for targeted capital expenditures and modernization to remain competitive and potentially capture value-add upside through renovations or repositioning.
Within a 3-mile radius, demographics indicate a large renter pool and gradual population growth over the last five years, alongside an increase in households and a modest decline in average household size. This combination typically enlarges the tenant base and supports occupancy stability. Median contract rents in the 3-mile area trended upward in recent years and are forecast to continue rising, which can aid revenue growth if balanced against rent-to-income considerations.
Affordability requires attention: the neighborhood’s rent-to-income ratio is elevated relative to national norms, which can influence pricing power and renewal strategies. With limited home value data available for this neighborhood, investors should focus on tenant retention levers and operational efficiency rather than assuming move-out to ownership as a key pressure valve.
Safety outcomes in this neighborhood are weaker than many parts of the Houston-The Woodlands-Sugar Land metro (rank 776 among 1,491 metro neighborhoods), and the area sits well below national safety percentiles. According to WDSuite’s CRE market data, violent offense measures are in a low national percentile, signaling elevated risk, though recent trends show a meaningful year-over-year decline in violent incidents.
Property offense metrics remain elevated and have increased over the last year, indicating a mixed safety picture: improving violent crime trend but persistent property-related incidents. Investors typically underwrite additional security measures, lighting, access control, and resident engagement to support retention and protect NOI in comparable environments.
Proximity to major energy and industrial employers supports a broad workforce renter base and commute convenience for residents. Nearby anchors include Halliburton, CenterPoint Energy, Enterprise Products, Emerson Process Management, and ExxonMobil’s Brookhollow campus.
- Halliburton — oilfield services (5.9 miles) — HQ
- Centerpoint Energy — utilities (6.1 miles)
- Enterprise Products — midstream energy (7.3 miles)
- Emerson Process Management — industrial automation (8.4 miles)
- ExxonMobil - Brookhollow Campus — energy offices (9.1 miles)
1325 Greens Pkwy offers durable tenant demand characteristics anchored by a renter-heavy neighborhood and an occupancy rate reported around 92%. Within a 3-mile radius, population and household counts have risen, average household size is edging lower, and median contract rents have increased with further growth projected — trends that can support rent rolls and occupancy when paired with active asset management. According to CRE market data from WDSuite, rent-to-income metrics signal affordability pressure, suggesting a measured approach to pricing and renewals.
The 1984 vintage is older than the local average, creating a clear value-add path via unit and systems upgrades to improve competitive positioning against newer stock. Limited immediate amenities heighten the importance of on-site features and service, while proximity to large employers underpins a broad workforce renter pool. Underwriting should incorporate security, capex, and leasing strategy to balance upside with operational risk.
- Renter-heavy neighborhood and stable occupancy support leasing durability
- 1984 vintage provides value-add and modernization upside versus newer local stock
- 3-mile demographics show household growth and rising rents, aiding revenue potential
- Proximity to major energy and industrial employers reinforces workforce demand
- Risks: elevated crime measures, amenity gaps, and affordability pressure require prudent operations