| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 93rd | Best |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2505 Washington Ave, Houston, TX, 77007, US |
| Region / Metro | Houston |
| Year of Construction | 2000 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2505 Washington Ave Houston Multifamily Near Energy Hubs
Proximity to blue-chip employers and a high share of renter-occupied housing in the surrounding neighborhood point to durable tenant demand, according to WDSuite’s CRE market data.
Situated in Houston’s Inner Suburb fabric, the property benefits from a neighborhood that ranks competitive among 1,491 metro neighborhoods, with strong demographics and income depth supporting multifamily leasing. Neighborhood incomes trend above national norms while the local rent-to-income ratio indicates manageable affordability pressure for tenants, a combination that can aid retention and measured rent growth.
At the neighborhood level, the share of housing units that are renter-occupied is high (top national tier), signaling a deep renter pool and broad demand for apartments rather than ownership product. While neighborhood occupancy is below national norms, investors often see this dynamic as an opportunity to differentiate through operations, unit finishes, and amenities that target the area’s professional tenant base.
The building’s 2000 vintage is newer than much of the surrounding housing stock, which skews mid‑century on average. That relative youth can support competitive positioning versus older alternatives, though investors should still plan for system upgrades and selective renovations to meet current renter expectations.
Local convenience is anchored by robust dining access and essential services. Restaurant density ranks in the top national tier and pharmacies are abundant (top national tier), which helps day‑to‑day livability for residents. Within a 3‑mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base and ongoing renter pool expansion that supports occupancy stability.
Safety trends in this neighborhood track below national percentiles, placing it below the metro median among 1,491 Houston-area neighborhoods. For investors, this typically warrants underwriting for visible security measures, lighting, access control, and partnership with professional management to support resident comfort and leasing performance.
Year-over-year estimates indicate recent increases in both property and violent offenses at the neighborhood level. These are broad area metrics rather than property-specific observations, and they can vary block to block. Prudent planning—such as targeted upgrades and tenant communication—can help mitigate risk and support stabilized operations.
Nearby headquarters and corporate offices in energy and utilities create a strong white-collar employment base, reinforcing renter demand through commute convenience and lease stability. The list below highlights major employers within roughly a mile.
- Baker Hughes — energy services (0.83 miles) — HQ
- Eog Resources — oil & gas (1.02 miles) — HQ
- Plains GP Holdings — midstream energy (1.03 miles) — HQ
- Targa Resources — midstream energy (1.13 miles) — HQ
- NRG Energy — power & utilities offices (1.14 miles)
This 74‑unit property at 2505 Washington Ave combines proximity to major energy employers with a renter‑heavy neighborhood, creating a sizable tenant base for studios and efficient layouts. Based on CRE market data from WDSuite, neighborhood incomes and dining/essential service access are supportive for multifamily, while occupancy in the broader area sits below national norms—an opening for operators who can capture share through targeted renovations and management.
Constructed in 2000, the asset is newer than much of the surrounding housing stock, which can reduce immediate capital exposure versus older comparables while still leaving room for value‑add through modernization of interiors and common areas. Within a 3‑mile radius, recent and projected growth in population and households suggests a larger tenant base over time, supporting leasing velocity and retention in line with Houston’s urban core fundamentals.
- Deep renter-occupied housing base supports demand depth and leasing durability
- 2000 vintage offers competitive positioning versus older neighborhood stock with value‑add potential
- Walkable access to top-tier employers underpins workforce demand and potential retention
- Neighborhood amenities favor dining and essentials, supporting urban lifestyle appeal
- Risk: below‑average neighborhood safety and occupancy warrant conservative underwriting and active management