| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 71st | Best |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2006 W 43rd St, Houston, TX, 77018, US |
| Region / Metro | Houston |
| Year of Construction | 1992 |
| Units | 80 |
| Transaction Date | 2006-10-16 |
| Transaction Price | $2,484,400 |
| Buyer | LH 2006 43RD LLC |
| Seller | P & C SCOTTINO LLC |
2006 W 43rd St Houston — 80-Unit Multifamily
Suburban Houston location with strong grocery access and proximity to major employers supports renter demand and leasing durability, according to WDSuite’s CRE market data.
The neighborhood carries a B- rating and sits near the middle of the pack locally, yet its demographics performance is competitive among Houston-The Woodlands-Sugar Land neighborhoods (top quartile nationally for education), signaling a deeper income and talent base than many nearby areas (based on CRE market data from WDSuite). Grocery availability is a standout strength versus most neighborhoods nationwide, while other lifestyle amenities are thinner immediately nearby.
The area’s average construction year is 1977, making this 1992 asset newer than much of the surrounding stock. That positioning can provide a functional edge versus older product while still leaving room for targeted upgrades to strengthen rent positioning and manage near-term capital exposure.
Neighborhood multifamily occupancy trends align around the metro median, suggesting stable but competitive leasing conditions. Elevated for-sale home values locally tend to reinforce renter reliance on multifamily housing, which can aid retention and support pricing power when paired with effective operations.
Within a 3-mile radius, recent and forecast growth in population and households indicates a larger tenant base over time, supporting occupancy stability. The 3-mile area also shows a roughly even share of renter-occupied housing units, underscoring depth in multifamily demand across cycles.
Relative to the Houston metro, the neighborhood ranks below the median among 1,491 neighborhoods for safety, and national comparisons place it in lower percentiles for both property and violent incident rates. Recent year-over-year readings show increases, so investors should underwrite prudent security measures and potential insurance impacts.
On-site controls—such as lighting, controlled access, and surveillance—along with active management can mitigate risk. Benchmarking against nearby Houston submarkets can help calibrate expected premiums and potential effects on retention.
Energy and financial services nodes nearby provide a meaningful employment base that supports renter demand and commute convenience. Notable employers include ExxonMobil’s Brookhollow presence, Prudential, Wells Fargo Advisors, Baker Hughes, and Apache.
- ExxonMobil - Brookhollow Campus — energy offices (1.6 miles)
- Prudential — financial services (5.3 miles)
- Wells Fargo Advisors — financial services (5.7 miles)
- Baker Hughes — energy technology (5.9 miles) — HQ
- Apache — energy exploration & production (6.2 miles) — HQ
Built in 1992, this 80-unit asset is newer than much of the immediate submarket and can compete on functionality while offering value-add potential via targeted interior updates and common-area enhancements. Neighborhood occupancy sits around metro norms, and elevated ownership costs locally tend to sustain renter reliance on multifamily housing, supporting retention when operations are disciplined.
Within a 3-mile radius, ongoing population and household growth points to a larger tenant base and supports occupancy stability over time. According to CRE market data from WDSuite, area incomes are comparatively strong and rent burdens at the neighborhood level are favorable, reinforcing leasing durability under conservative management.
- 1992 vintage provides functional edge versus older stock with clear value-add upgrade paths
- Broad employment base nearby supports renter demand and commute convenience
- Elevated local home values reinforce reliance on rentals, aiding retention and pricing power
- 3-mile demographic growth expands the tenant base and supports occupancy stability
- Risk: below-median safety readings and thinner amenities warrant security investment and disciplined underwriting