| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 87th | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2352 Bering Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1992 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2352 Bering Dr Houston Multifamily Investment
Positioned in an Urban Core pocket with renter concentration above the metro median, this asset benefits from steady tenant depth and proximity to major employment nodes, according to WDSuite s CRE market data.
The property sits in a Houston Urban Core neighborhood rated A (ranked 65th among 1,491 metro neighborhoods), indicating competitive livability and fundamentals versus most of the metro. Grocery and daily-needs access are strong, with the neighborhood in the top decile nationwide for grocery and pharmacy density, while restaurants are abundant; cafes and parks are comparatively sparse. These conditions support convenience-oriented renters and reduce travel friction for everyday services.
Construction year is 1992, newer than the neighborhood s average 1978 vintage. That positioning helps competitiveness versus older stock, though investors should plan for mid-life systems updates and selective modernization to defend rents and leasing velocity.
Within a 3-mile radius, demographics point to a growing renter base: population and households have expanded over the past five years and are projected to continue increasing, with average household size trending lower. A high share of housing units are renter-occupied in this radius, signaling depth for multifamily demand and potential support for occupancy stability. Median incomes in the area are solid for the metro, and the neighborhood s rent-to-income profile suggests manageable affordability pressure, which can aid retention and consistent renewal outcomes.
Home values in this neighborhood are moderate relative to coastal gateways. In practice, the ownership landscape reinforces reliance on multifamily housing in the near term, while not fully eliminating competition from entry-level ownership options. For investors, that mix points to steady leasing interest with prudent pricing strategies, based on commercial real estate analysis from WDSuite.
Safety metrics are mixed and should be underwritten conservatively. The neighborhood s crime profile sits below national safety averages (low national percentiles for both property and violent offenses) and ranks in the lower half among 1,491 Houston-area neighborhoods, indicating elevated incidence relative to many parts of the metro. Trends can vary by block and over time; operators commonly mitigate with lighting, access control, and active management.
Nearby corporate offices anchor a diverse white-collar employment base that supports renter demand and commute convenience, notably in energy and professional services. Key employers include Apache, Quanta Services, Prudential, Occidental, and Wells Fargo Advisors.
- Apache — energy (1.0 miles) — HQ
- Quanta Services — infrastructure services (1.2 miles) — HQ
- Prudential — financial services (1.8 miles)
- Occidental — energy (3.0 miles)
- Wells Fargo Advisors — financial services (3.9 miles)
This 48-unit asset s 1992 vintage is newer than much of the surrounding stock, providing a competitive baseline versus older properties while leaving room for value-add through targeted renovations and systems upgrades. Neighborhood fundamentals are supportive: a high renter-occupied share within a 3-mile radius, solid incomes, and strong access to daily needs underpin tenant demand and leasing durability. According to CRE market data from WDSuite, the area exhibits strong amenity density for essentials and proximity to major employers, which together can support occupancy and renewal performance.
Key considerations include below-average national safety percentiles and limited green space/caf e9 density in the immediate area; underwriting should assume active property management and resident experience investments. Overall, the combination of workforce-accessible location, renter demand depth, and value-add levers positions this asset as a pragmatic hold in Houston s Urban Core.
- Newer 1992 vintage versus neighborhood average, with renovation and systems-upgrade upside
- Large renter pool within 3 miles supports tenant base depth and occupancy stability
- Strong access to groceries, pharmacies, and restaurants that reinforce daily convenience
- Proximity to energy and financial services employers supports leasing and retention
- Risks: lower national safety percentiles and limited parks/caf e9 density require proactive management