| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 72nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2820 Fountain View Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 84 |
| Transaction Date | 2009-07-23 |
| Transaction Price | $6,642,500 |
| Buyer | AXIOM EQUITY INVESTMENTS II LLC |
| Seller | LAURELS LENOX LIMITED PARTNERSHIP |
2820 Fountain View Dr Houston Multifamily Investment
Strong renter concentration and dense everyday amenities point to a deep tenant base, according to WDSuite s CRE market data. While leasing conditions are competitive locally, location fundamentals support sustained demand.
The property sits in Houston s Urban Core where amenity access is a standout. The neighborhood ranks 29th among 1,491 metro neighborhoods for overall amenities top quartile nationally with exceptional density of restaurants, cafes, groceries, and pharmacies. These daily-needs anchors typically aid retention and leasing velocity for workforce and professional renters.
Neighborhood rent levels trend above many U.S. areas (median contract rent ranks in the upper third nationally), signaling pricing power where product quality matches expectations. However, neighborhood occupancy is below the metro median, so operators should expect active competition on leasing and renewals and plan for proactive marketing and turn timing.
Renter concentration is notably high in the neighborhood (near the top of metro rankings), indicating a broad pool of renter-occupied units and supporting demand depth for multifamily. Average household size is smaller than typical nationally, which often aligns with sustained interest in studio and one-bedroom formats.
Within a 3-mile radius, demographics indicate recent population and household growth, with forecasts calling for continued renter pool expansion and rising household incomes. This growth, combined with elevated ownership costs relative to incomes locally, supports steady multifamily demand and lease retention.
Safety indicators for the neighborhood trail national comparisons, and the area ranks below the metro median (crime rank 1,172 among 1,491 Houston neighborhoods). National percentiles also place the neighborhood on the weaker end for both property and violent offenses. Recent year-over-year movements point to increases, so investors should underwrite prudent security measures and insurance assumptions and monitor submarket trendlines rather than block-level readings.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, including Quanta Services, Apache, Prudential, Occidental, and Wells Fargo Advisors.
- Quanta Services corporate offices (1.5 miles) HQ
- Apache corporate offices (1.5 miles) HQ
- Prudential corporate offices (2.3 miles)
- Occidental corporate offices (3.3 miles)
- Wells Fargo Advisors corporate offices (4.0 miles)
This 84-unit asset benefits from a high-renter neighborhood profile and exceptional amenity access that underpins tenant acquisition and retention. Based on commercial real estate analysis from WDSuite, local rents benchmark in the upper national tiers while neighborhood occupancy trends require hands-on leasing execution. Within a 3-mile radius, population and household growth coupled with rising incomes point to a larger tenant base over the next cycle.
Elevated ownership costs relative to incomes locally tend to reinforce reliance on multifamily housing, supporting pricing power where finish levels and management performance meet expectations. Near-term risk centers on below-median neighborhood safety readings and competitive occupancy, suggesting the need for vigilant operations, security planning, and realistic renewal strategies.
- Dense amenity ecosystem supports leasing and renewal performance
- High renter-occupied share indicates deep tenant base and demand stability
- 3-mile population and household growth expand the renter pool
- Ownership costs vs. incomes favor sustained multifamily demand and pricing power
- Risks: below-median safety metrics and competitive occupancy require active management