| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 17th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14235 Nimitz St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1978 |
| Units | 28 |
| Transaction Date | 2014-06-20 |
| Transaction Price | $412,500 |
| Buyer | COLGATE INVESTMENTS LLC |
| Seller | JIRCIK ROBERT A |
14235 Nimitz St, Houston TX — 28-Unit Value-Add Multifamily
Neighborhood renter concentration is elevated and grocery access is strong, supporting a broad tenant base, according to WDSuite’s CRE market data. This commercial real estate analysis suggests stable day-to-day demand with potential to enhance operations through targeted upgrades.
Located in Houston’s inner-suburban east side, the neighborhood shows solid everyday conveniences, including dense grocery options (high among neighborhoods nationwide) and a wide mix of restaurants. Cafe, park, childcare, and pharmacy density is lighter, so residents rely more on nearby commercial corridors for services.
The area’s housing stock skews slightly older than the metro average, and the subject property’s 1978 vintage is a touch earlier than the neighborhood average year built (1982). For investors, that points to practical capital planning and value-add potential to keep units competitive versus newer stock.
Neighborhood occupancy trends are below the metro median and have softened modestly over five years, which suggests a focus on leasing execution and retention. Counterbalancing that, the share of renter-occupied housing units is high for the neighborhood, indicating depth in the tenant base and steady multifamily demand, per WDSuite’s CRE market data.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to rise further, which supports a larger tenant base and leasing resilience. Median rents and incomes in the 3-mile radius have also increased, implying manageable affordability for workforce renters and potential for disciplined rent management without overextending residents.
Home values in the neighborhood are on the lower side compared with many U.S. areas; this can create some competition from ownership options but also supports renter retention through more accessible rent-to-income dynamics. Average school ratings trail national norms, so investor strategies may benefit from highlighting property-level strengths, convenience to employment, and unit renovations to drive leasing.
Safety indicators for the neighborhood are weaker than national norms, with overall safety around the lower half of U.S. neighborhoods and violent offense levels comparatively elevated. Within the Houston metro, the area experiences higher crime than many neighborhoods, which investors should factor into on-site security, lighting, and resident engagement plans.
Recent trend data from WDSuite shows year-over-year improvements in both violent and property offense rates, signaling a directional positive. For underwriting, pairing operational measures with continued monitoring of these trends can help support retention and mitigate perception risk.
Proximity to major energy and industrial employers underpins workforce housing demand and commute convenience for residents, notably Air Products, Calpine, Waste Management, Kinder Morgan, and NRG Energy.
- Air Products — industrial gases (8.9 miles)
- Calpine — power generation (11.7 miles) — HQ
- Waste Management — waste services (11.7 miles) — HQ
- Kinder Morgan — midstream energy (11.9 miles) — HQ
- NRG Energy — power & retail energy (11.9 miles)
This 28-unit 1978 asset offers a straightforward value-add path in an inner-suburban Houston location with strong everyday retail access and a sizable renter base. While neighborhood occupancy trends sit below the metro median, the high share of renter-occupied housing units and nearby employment centers support a stable leasing funnel. According to CRE market data from WDSuite, the area’s grocery and restaurant density is a relative strength, helping sustain daily convenience for residents.
Given the 1978 vintage, thoughtful renovations and systems updates can improve competitive positioning versus newer product and support rent management. Demographic data aggregated within a 3-mile radius points to ongoing population and household growth, which expands the tenant pool and supports occupancy stability, though investors should plan for security measures and asset management to address local safety perceptions.
- High renter concentration in the neighborhood supports demand depth and leasing stability.
- 1978 vintage enables targeted value-add and systems upgrades for competitive lift.
- Strong grocery and restaurant access enhances resident convenience and retention.
- 3-mile radius shows population and household growth, expanding the tenant base.
- Risks: below-metro occupancy trends and elevated safety concerns require focused operations.