| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 25th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14415 Alderson St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | 2014-10-15 |
| Transaction Price | $2,087,500 |
| Buyer | PNPS LLC |
| Seller | ALDERSON LLC |
14415 Alderson St Houston Multifamily Investment
Neighborhood occupancy trends are above the national median and renter concentration is high, suggesting durable demand for a well-managed 60-unit asset, according to CRE market data from WDSuite.
The property sits in an inner-suburb Houston neighborhood where occupancy is above the national median and renter-occupied share is high. That combination typically supports a deeper tenant base and steadier lease-up for workforce-oriented units. School ratings in the area trend slightly above the national median, which can aid retention for family households.
Amenities are limited within the immediate neighborhood cluster, and daily needs often require a short drive. For investors, this places more weight on on-site functionality and parking, while pricing should reflect convenience trade-offs relative to amenity-rich submarkets across the Houston-The Woodlands-Sugar Land metro.
Within a 3-mile radius, demographics show population growth over the past five years with additional increases projected, alongside rising household incomes and a growing household count. These trends point to a larger tenant base and support for occupancy stability, though leasing strategies should remain calibrated to value-oriented demand.
Ownership costs nearby are comparatively accessible versus many U.S. neighborhoods. That can create some competition with entry-level ownership and moderate pricing power; however, it also encourages renters who value flexibility or prefer compact floor plans, reinforcing the role of multifamily in meeting local housing needs.
Safety indicators are mixed. The area is competitive among Houston neighborhoods (benchmarked against 1,491 neighborhoods in the metro), yet it trends below the national median for safety. Year over year, both violent and property offense rates have declined, with particularly notable improvement in violent incidents, which supports a cautiously constructive view on near-term stability.
Nearby corporate offices in energy and industrials provide a broad employment base that supports renter demand and commute convenience for the workforce served by this neighborhood. Notable employers include Air Products, Calpine, Waste Management, Kinder Morgan, and NRG Energy.
- Air Products — industrial gases (8.9 miles)
- Calpine — power generation (12.0 miles) — HQ
- Waste Management — environmental services (12.1 miles) — HQ
- Kinder Morgan — midstream energy (12.3 miles) — HQ
- NRG Energy — power & retail energy (12.3 miles)
Built in 1972, the asset is older than the neighborhood average stock, signaling potential value-add through targeted renovations and system upgrades. Neighborhood occupancy trends sit above the national median with a high share of renter-occupied units, pointing to a relatively deep tenant base for a 60-unit community. According to CRE market data from WDSuite, demographic growth within a 3-mile radius and rising household incomes support demand for well-managed, efficiently sized apartments.
Homeownership remains comparatively accessible in this part of Harris County, which may temper pricing power at the top of the market. That said, steady renter demand, improving safety trends, and a workforce-heavy employment base across nearby energy and industrial employers underpin leasing stability for value-oriented positioning.
- Occupancy above national median and high renter concentration support demand depth.
- 1972 vintage offers renovation and CapEx-driven value-add potential.
- 3-mile population and household growth, with incomes trending higher, bolster leasing prospects.
- Proximity to major energy and industrial employers supports workforce housing demand.
- Risks: limited nearby amenities, safety metrics below national median, and competition from accessible ownership can moderate pricing power.