| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 77th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2210 Augusta Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1999 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2210 Augusta Dr Houston Multifamily Investment
Positioned in Houstons Urban Core near strong amenities, the asset benefits from an above-median neighborhood occupancy profile and a deep renter base, according to WDSuites CRE market data.
The property sits in an A+ rated Urban Core neighborhood that ranks 36th out of 1,491 metro neighborhoodscompetitive among Houston neighborhoods. Local amenity density is a differentiator: cafes and restaurants are in the top decile nationally, while grocery and pharmacy access track above national averages. Park access is limited, which may modestly temper outdoor lifestyle appeal, but day-to-day convenience remains a strength for residents and leasing.
Neighborhood occupancy averages 93.3% and trends higher over the last five years, placing the area above the metro median for utilizationa constructive signal for revenue stability relative to peers. The share of housing units that are renter-occupied is 53.1%, indicating a thick tenant pool that supports leasing velocity and renewal potential for multifamily owners.
Within a 3-mile radius, population grew about 5% over the past five years and households rose roughly 7%, with projections indicating additional gains by 2028. A gradual downshift in average household size is expected, which typically expands the renter pool and can support occupancy. Median contract rents in the immediate area have advanced over time, and WDSuites CRE market data points to continued renter demand consistent with Urban Core patterns.
Ownership costs are elevated for the neighborhood relative to incomes, and home values rank in the top decile nationally; this high-cost ownership market tends to reinforce renter reliance on multifamily housing. At the same time, a neighborhood rent-to-income ratio near 0.20 suggests manageable affordability pressure, which can aid retention and limit turnover-driven loss exposure.
Safety indicators require conservative underwriting. The neighborhoods crime ranking is 1,090 out of 1,491 metro neighborhoods, which sits below the metro median. Nationally, safety percentiles are low (violent and property crime rank near the bottom), indicating higher reported crime incidence than many neighborhoods nationwide. Recent year-over-year increases in both property and violent offenses suggest operators should plan for active security measures, lighting, access control, and appropriate insurance assumptions.
Investors should compare on-site controls and building configuration to area norms, monitor trend direction rather than single-year readings, and weigh security enhancements alongside the submarkets leasing fundamentals and amenity access.
Proximity to energy, infrastructure, and financial services employers supports weekday traffic, commute convenience, and a diversified white-collar renter base. The list below highlights nearby anchors that can underpin tenant demand and renewal stability: Apache, Quanta Services, Prudential, Occidental, and Wells Fargo Advisors.
- Apache energy HQ (1.2 miles) HQ
- Quanta Services infrastructure & engineering (1.4 miles) HQ
- Prudential financial services (1.9 miles)
- Occidental energy (3.2 miles)
- Wells Fargo Advisors wealth management (3.8 miles)
This 32-unit property built in 1999 is newer than the surrounding neighborhoods 1970s-vintage housing stock, offering relative competitiveness versus older assets while still allowing for targeted modernization as systems age. Neighborhood fundamentals are constructive: occupancy trends are above the metro median and renter-occupied share exceeds half of units, supporting a deeper tenant base and renewal potential. Within 3 miles, recent population and household growthand projections for further gainspoint to a larger renter pool over the medium term. Elevated home values in the neighborhood context reinforce sustained rental demand, while a rent-to-income profile near 0.20 suggests manageable affordability pressure that can aid retention.
According to CRE market data from WDSuite, amenity access is strong (especially dining and cafe density), which supports leasing appeal. Key underwriting considerations include security planning given weaker safety percentiles and the modest school ratings, as well as ongoing CapEx to keep a late-1990s asset competitive against newer deliveries.
- Late-1990s vintage provides competitive positioning versus older neighborhood stock with selective value-add potential
- Above-metro-median neighborhood occupancy and a renter-occupied majority support leasing stability
- 3-mile population and household growth, with further gains projected by 2028, expand the tenant base
- High-cost ownership market underpins rental demand; rent-to-income near 0.20 supports retention management
- Risks: weaker safety metrics and lower average school ratings call for prudent security and leasing strategies