| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 10th | Poor |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2817 Broadway St, Houston, TX, 77017, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2817 Broadway St Houston Multifamily Opportunity
Neighborhood data points to a deep renter base and broadly stable occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting a workforce-oriented leasing strategy.
This Inner Suburb location in Houston balances everyday convenience with value-oriented renter appeal. Neighborhood grocery access is a relative strength (top-percentile density nationally), while restaurants are competitive versus many U.S. areas; cafes, parks, and pharmacies are limited, so resident conveniences skew toward essentials rather than lifestyle amenities.
For investors, the renter concentration is a key demand signal: the neighborhood reports a high share of renter-occupied housing units (64.1%), indicating depth in the tenant base and potential for steady leasing. At the same time, neighborhood occupancy trends sit around the U.S. middle of the pack, suggesting neither outsized vacancy risk nor automatic pricing power without asset-specific improvements.
Within a 3-mile radius, demographics show households expanding even as population trends have softened in recent years, implying smaller household sizes and a shifting mix of residents. This dynamic can broaden the renter pool for smaller formats and value-driven units, which may support occupancy stability for practical floor plans.
Home values are comparatively lower in this part of the metro, which can create some competition from entry-level ownership. However, measured rent levels and a moderate rent-to-income profile point to manageable affordability pressure for renters, aiding retention and reducing turnover risk when paired with good property management and targeted unit updates.
Safety metrics should be weighed thoughtfully. Compared with other neighborhoods across the Houston-The Woodlands-Sugar Land metro (1,491 total), this area ranks below the metro median for safety, and national comparisons place it in lower safety percentiles. Recent year-over-year changes indicate property and violent offense rates have moved higher, so underwriting should account for security measures, lighting, and resident engagement as part of operating plans.
Investors typically mitigate these factors through asset-level controls and by emphasizing resident screening and partnerships with local patrol resources. The takeaway is comparative—not block-specific—and should be evaluated alongside rent levels, tenant profile, and the property’s operating strategy.
Proximity to Houston’s energy and utilities headquarters cluster supports renter demand through large, stable employment bases and reasonable commute times for workforce renters. The nearby employers below represent a concentration of corporate offices and headquarters that can underpin leasing and retention.
- Waste Management — environmental services (6.5 miles) — HQ
- Calpine — power generation (6.7 miles) — HQ
- Centerpoint Energy — utilities (6.7 miles) — HQ
- Kinder Morgan — midstream energy (6.7 miles) — HQ
- Enterprise Products Partners — midstream energy (6.8 miles) — HQ
2817 Broadway St offers a 50-unit footprint with compact average unit sizes that can align with value-focused renters seeking practical layouts near major employment nodes. Neighborhood-level data shows a large share of renter-occupied housing, and occupancy running around the national midpoint, indicating a sizable tenant base with room to differentiate through renovations, operations, and leasing strategy. According to CRE market data from WDSuite, grocery access is a relative strength while lifestyle amenities are thinner, suggesting value-add efforts should prioritize in-unit upgrades and everyday convenience over luxury positioning.
From a demand and affordability lens, measured rent levels and a moderate rent-to-income profile support retention, while comparatively low ownership costs nearby may limit outsized pricing power without clear property improvements. Safety is a comparative headwind in metro and national context, so plans for lighting, access control, and community standards are important to sustain occupancy and resident satisfaction over the hold period.
- Large renter-occupied base supports depth of demand and leasing velocity.
- Occupancy around national midpoint; opportunity to outperform via renovations and operations.
- Strong grocery access; prioritize practical, value-add upgrades over luxury amenities.
- Moderate rent-to-income profile aids retention and reduces turnover risk.
- Risks: comparative safety metrics and competition from entry-level ownership require disciplined pricing and security planning.