| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 87th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Bering Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1996 |
| Units | 102 |
| Transaction Date | 1998-01-02 |
| Transaction Price | $129,500 |
| Buyer | ROBINSON SANDFORD G |
| Seller | WALKER ELEANORE F |
1801 Bering Dr Houston Multifamily Investment
Positioned in an Urban Core pocket with a renter-occupied share above the metro median, the property draws from solid household incomes and daily-needs amenities, according to WDSuite’s CRE market data. Neighborhood occupancy trends should be underwritten conservatively, but renter demand depth and location fundamentals support stable leasing over a full cycle.
This Urban Core neighborhood rates A and is competitive among Houston-The Woodlands-Sugar Land neighborhoods (65 out of 1,491), signaling balanced fundamentals that matter for multifamily. Amenity access skews toward daily needs: grocery and pharmacy density sit in the top quartile nationally, while restaurants are also strong; parks and cafes are comparatively limited. For investors, this mix supports day-to-day convenience and retention even without destination green space nearby.
The area’s renter-occupied share is elevated for the metro (41.4% of housing units are renter-occupied), indicating a meaningful tenant base for smaller formats like studios and one-bedrooms. Within a 3-mile radius, population and household counts have grown and are projected to continue rising, expanding the renter pool and supporting occupancy stability and leasing velocity rather than relying solely on in-migration from farther suburbs.
Median home values are moderate for Houston, and rent-to-income metrics in the neighborhood point to manageable affordability pressure relative to many coastal markets. In practice, a high-cost ownership market is not the story here; instead, the combination of solid incomes and balanced housing costs can sustain pricing power without overextending residents, which benefits renewal rates and reduces turn risk.
Vintage is a differentiator: with much of the neighborhood’s stock averaging around the late 1970s, a 1996 asset is newer than the local average. That positioning can be competitive against older comparables while still warranting targeted capital planning for aging mechanicals and common-area refreshes to maintain standing against newer deliveries. Based on commercial real estate analysis from WDSuite, NOI per unit performance in the neighborhood ranks in the top quartile nationally, underscoring income potential when operations are executed well.
Safety indicators should be underwritten thoughtfully. Compared with Houston-The Woodlands-Sugar Land peers, the neighborhood ranks in the lower half for crime (1,036 out of 1,491), and nationally it falls below average safety percentiles. Recent estimates also show year-over-year increases in both property and violent offense rates. Investors commonly address these dynamics through lighting, access control, and partnership with professional security vendors, with the goal of supporting tenant retention and asset performance.
Framing this comparatively: the area is not in the top quartile for safety either within the metro or nationally, so rent growth and renewal strategies should be paired with visible on-site management and resident experience initiatives. These measures can help stabilize leasing and mitigate concessions in softer demand windows.
Proximity to major employers in energy, infrastructure, and financial services supports workforce housing demand and commute convenience for residents. Nearby anchors include Apache, Quanta Services, Prudential, Occidental, and Wells Fargo Advisors.
- Apache — energy (1.0 miles) — HQ
- Quanta Services — infrastructure & engineering (1.4 miles) — HQ
- Prudential — financial services (1.5 miles)
- Occidental — energy (3.1 miles)
- Wells Fargo Advisors — financial services (3.7 miles)
1801 Bering Dr offers exposure to an A-rated Urban Core neighborhood where daily-needs amenities and a sizeable renter base underpin demand. The asset’s 1996 construction is newer than much of the local stock, providing a competitive edge versus 1970s-era properties while leaving room for targeted value-add to sustain positioning against recent deliveries. According to CRE market data from WDSuite, neighborhood income fundamentals and NOI-per-unit performance compare favorably at the national level, though investors should underwrite leasing with attention to safety and to neighborhood occupancy that trails stronger Houston subpockets.
Within a 3-mile radius, recent and projected growth in population and households suggests a larger tenant base over the next cycle, supporting occupancy stability and renewal performance. Home values and rent-to-income levels indicate balanced affordability, which can aid pricing power without materially elevating retention risk when paired with diligent operations and resident experience.
- Newer 1996 vintage versus neighborhood average, enabling competitive positioning with targeted CapEx
- Strong daily-needs amenity access (grocery, pharmacy, restaurants) that supports retention
- Expanding 3-mile renter pool from population and household growth supports occupancy stability
- Balanced affordability and solid incomes provide room for disciplined rent management
- Risks: below-metro safety positioning and softer neighborhood occupancy require proactive operations