| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 16th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1839 Jacquelyn Dr, Houston, TX, 77055, US |
| Region / Metro | Houston |
| Year of Construction | 2010 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1839 Jacquelyn Dr Houston 2010 Multifamily Investment
Renter-occupied housing is high in the surrounding neighborhood and ownership costs are elevated, reinforcing depth of demand for well-located apartments, according to WDSuite’s CRE market data.
Located in Houston’s inner suburbs, the property sits in a neighborhood rated B- and above the metro median on housing fundamentals among 1,491 Houston-area neighborhoods. Restaurants and cafes are a relative strength (both competitive nationally), and grocery access is solid, while parks and pharmacies are limited locally—useful context for positioning amenities and services to resident needs.
The building’s 2010 construction is newer than much of the area’s 1970s-era stock. That positioning typically supports competitiveness on finishes, systems, and energy performance versus older comparables, though investors should still plan for selective modernization as the asset approaches mid-life.
Measured at the neighborhood level, occupancy trends are in the high-80s and slightly below national medians, while the share of housing units that are renter-occupied is elevated (top national percentile). For multifamily owners, that renter concentration points to a deep tenant base and potential leasing resilience, even as day-to-day management should remain attentive to retention and pricing discipline.
Within a 3-mile radius, households have increased in recent years even as total population edged down, signaling smaller household sizes and a stable-to-expanding renter pool. Looking ahead, projections indicate growth in both population and households by 2028, which can expand the tenant base and support occupancy. Median household incomes in the 3-mile area are healthy and rising, while rent levels are projected to increase, suggesting room for revenue growth alongside prudent affordability and lease management practices.
Home values in the immediate neighborhood sit in a higher national percentile relative to incomes, indicating a higher-cost ownership market. For investors, this dynamic tends to sustain reliance on rental housing, supporting demand depth, lease retention, and measured pricing power when combined with product quality and effective operations.
Safety metrics for the neighborhood rank below the metro median (crime rank 1,056 among 1,491 Houston-area neighborhoods) and sit in lower national safety percentiles, indicating comparatively higher reported crime than many neighborhoods nationwide. Investors commonly address this with visibility, lighting, access control, and partnerships with local patrol resources, especially for common areas and parking.
Performance should be framed comparatively and over time: sustained operations with professional management, resident engagement, and physical improvements can help mitigate risk and support leasing stability even in submarkets with elevated incident rates.
Nearby corporate offices help underpin multifamily demand through convenient commutes and a diversified white-collar employment base, including energy and financial services employers listed below.
- ExxonMobil - Brookhollow Campus — energy (1.7 miles)
- Wells Fargo Advisors — financial services (3.0 miles)
- Prudential — financial services (3.7 miles)
- Group 1 Automotive — automotive retail (4.2 miles) — HQ
- Apache — energy (4.3 miles) — HQ
This 88-unit, 2010-vintage asset offers competitive positioning versus older neighborhood stock while tapping into a renter-heavy area where ownership costs are relatively high compared with incomes. Based on CRE market data from WDSuite, neighborhood occupancy sits just below national medians yet the renter-occupied share is among the highest nationally—an attractive combination for sustaining tenant demand with disciplined operations. Amenity density for dining and groceries supports day-to-day livability, and 3-mile demographics point to rising incomes and forecast household growth that can support rent and occupancy over the next cycle.
Key considerations include affordability pressure management and prudent security and property visibility, given lower national safety percentiles. With targeted upgrades and effective lease management, the asset can capture demand from nearby employment centers and maintain competitive performance against older comparables.
- 2010 vintage versus largely 1970s-area stock supports competitive positioning and selective value-add.
- High renter-occupied share signals deep tenant base and potential leasing resilience.
- Elevated ownership costs relative to income tend to sustain rental demand and pricing power.
- Risks: below-median safety metrics and affordability pressure require proactive security and careful rent/renewal management.