| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 70th | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2505 S Voss Rd, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1998 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2505 S Voss Rd Houston Multifamily Investment
1998-vintage asset in a renter-heavy pocket where neighborhood occupancy is reported at the neighborhood level, and demand is supported by steady 3‑mile population and household growth, according to WDSuite’s CRE market data.
Located in Houston’s Urban Core, the property benefits from a neighborhood that is competitive among Houston neighborhoods for overall livability, with solid access to daily needs and food options. Amenity density trends are favorable for renters: restaurants and pharmacies are each in the higher national percentiles, and cafes are comparatively plentiful. Parks and formal childcare options are thinner locally, which may matter for family-oriented leasing strategies.
Schools in the area trend around the national middle-to-upper range, which can support retention for some tenant cohorts. The neighborhood’s renter-occupied share is high, signaling depth in the tenant base and ongoing demand for multifamily units. Any occupancy figures referenced are measured for the neighborhood, not the property.
Within a 3‑mile radius, demographics show population growth over the last five years with a further increase projected, and households are expected to expand meaningfully as average household size trends lower. This combination typically supports a larger tenant base and sustained leasing velocity for smaller formats and one-bedrooms.
Ownership costs in the immediate area are on the higher side relative to incomes (value-to-income metrics trend in higher national percentiles), which tends to reinforce reliance on rental housing and can support pricing power. At the same time, rent-to-income levels in the neighborhood sit near the lower national percentiles, suggesting manageable affordability pressure that can aid lease retention.
Safety indicators for the neighborhood track below national averages, with violent and property offense measures sitting in low national percentiles compared with neighborhoods nationwide. For investors, this typically warrants thoughtful security planning—lighting, access control, and coordinated property management—to help support resident satisfaction and leasing stability.
These metrics describe the broader neighborhood context rather than the property itself, and conditions can vary block to block. Underwriting should account for trend monitoring and potential operating spend to maintain community standards.
Nearby employers span energy and financial services, supporting a diversified white-collar workforce and commute convenience that can stabilize renter demand: Apache, Quanta Services, Prudential, Wells Fargo Advisors, and Group 1 Automotive.
- Apache — energy (2.3 miles) — HQ
- Quanta Services — infrastructure services (2.4 miles) — HQ
- Prudential — financial services (2.9 miles)
- Wells Fargo Advisors — financial services (3.3 miles)
- Group 1 Automotive — automotive retail HQ (3.6 miles) — HQ
The 1998 construction positions this asset newer than much of the surrounding housing stock, offering competitive appeal versus older properties while leaving room to create value through selective modernization of aging systems and common areas. The area skews renter-occupied, and neighborhood-level occupancy and growing 3‑mile household counts point to a durable tenant base that can support stable leasing, based on CRE market data from WDSuite.
Demand is reinforced by elevated ownership costs relative to incomes, which often sustains renter reliance on multifamily housing. At the same time, rent-to-income levels in the neighborhood indicate moderate affordability pressure that can help retention. Key risks include below-average neighborhood safety indicators and the need to budget for ongoing capital planning as the asset ages.
- 1998 vintage: competitive versus older stock with value-add modernization potential
- Renter-heavy area and neighborhood-level occupancy support depth of tenant demand
- 3‑mile population and household growth expand the renter pool and leasing runway
- Elevated ownership costs bolster rental demand and potential pricing power
- Risks: below-average neighborhood safety; ongoing capex as systems age