| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 29th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1415 Greens Pkwy, Houston, TX, 77067, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1415 Greens Pkwy Houston Workforce Multifamily Opportunity
Neighborhood fundamentals point to a deep renter pool and occupancy near the metro middle, according to WDSuite’s CRE market data, supporting steady leasing with measured pricing power.
Situated in Houston’s Inner Suburb within the Houston–The Woodlands–Sugar Land metro, the neighborhood shows occupancy around the metro middle and an exceptionally high share of renter-occupied housing units (87.4%). For investors, that level of renter concentration signals a broad tenant base and generally resilient demand across economic cycles, even if rent growth must balance affordability.
Amenities are mixed. Restaurant density performs above national norms, but broader amenity coverage (grocers, cafes, parks) ranks below the metro median among 1,491 neighborhoods, which can temper premium positioning. That said, proximity to major employment corridors offsets some amenity gaps by anchoring daily traffic and commute convenience.
The property’s 1984 vintage is modestly older than the neighborhood’s average construction year (1991). Investors should underwrite for capital planning and selective renovations to remain competitive against newer stock; this can also create value-add upside if scope and pricing are calibrated to the area’s rent-to-income profile.
Demographic statistics aggregated within a 3-mile radius indicate a large local population and a growing household count in recent years, with forecasts pointing to more households even as average household size trends smaller. This combination typically expands the renter pool and supports occupancy stability for well-managed workforce housing.
Safety metrics point to higher crime levels than the national average at the neighborhood level, based on WDSuite’s data. While current readings sit below national percentiles for safety, violent-offense trends have improved year over year, indicating some momentum in the right direction.
Investors often mitigate these conditions through active property management, lighting and access controls, and resident-engagement strategies. Relative performance should be evaluated against peer neighborhoods across the Houston metro’s 1,491 neighborhoods and comparable workforce assets.
Nearby corporate offices underpin workforce housing demand and help sustain leasing, with commutes measured in minutes to CenterPoint Energy, Halliburton, Enterprise Products, Emerson, and ExxonMobil’s Brookhollow campus.
- Centerpoint Energy — utilities (5.9 miles)
- Halliburton — oilfield services (6.1 miles) — HQ
- Enterprise Products — midstream energy (7.2 miles)
- Emerson Process Management — industrial technology (8.2 miles)
- ExxonMobil - Brookhollow Campus — energy offices (9.1 miles)
1415 Greens Pkwy offers scale at 112 units in a renter-heavy neighborhood where occupancy trends sit near the metro middle. The area functions as workforce housing, with commute access to multiple energy and industrial employers. The 1984 vintage suggests targeted value-add and systems updates may unlock durable returns if aligned with the area’s rent-to-income dynamics. According to WDSuite’s commercial real estate analysis, these fundamentals have supported stable leasing performance in comparable Inner Suburb assets.
Within a 3-mile radius, recent household growth and forecasts for more households alongside smaller average household size point to a larger renter base over time. Amenity coverage is lighter than core submarkets, so competitive positioning hinges on operational execution, resident services, and pragmatic renovation scopes rather than luxury premiums.
- Renter-heavy neighborhood supports depth of tenant demand and steady leasing
- 112-unit scale enables operational efficiencies for a workforce housing strategy
- 1984 vintage allows targeted value-add and system upgrades to enhance competitiveness
- Proximity to major energy and industrial employers underpins retention and lease-up
- Risks: lighter neighborhood amenities and elevated safety considerations require active management and right-sized rents