| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 92nd | Best |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4725 N Main St, Houston, TX, 77009, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4725 N Main St, Houston Multifamily Investment
Positioned in an inner-suburb pocket with strong incomes and high-cost ownership nearby, the asset targets durable renter demand and potential rent-per-foot efficiency, according to WDSuite’s CRE market data. Neighborhood occupancy trends trail the metro, but amenity access and a sizable professional tenant base support retention with disciplined leasing.
The property sits in an Inner Suburb of Houston with an A neighborhood rating and a neighborhood rank of 148 out of 1,491, indicating performance that is competitive among Houston neighborhoods. At the neighborhood level, occupancy trends are below the metro median, so underwriting should emphasize tenant retention and lease management rather than aggressive lease-up assumptions.
Local lifestyle access skews toward dining and recreation: restaurant density ranks in the 92nd percentile nationally and cafes in the 95th percentile, while park access is also in the 95th percentile. By contrast, neighborhood-level grocery, pharmacy, and childcare options are limited within the boundary, so residents may rely on nearby districts for daily needs.
Home values in the neighborhood are elevated (90th percentile nationally), which creates a high-cost ownership market that tends to reinforce reliance on rental housing and can support pricing power for well-operated multifamily. Median contract rents benchmark in the upper tier locally (78th percentile nationally), and the neighborhood rent-to-income ratio sits at 0.12, suggesting manageable affordability pressure from an investor standpoint.
Within a 3-mile radius, demographics show a growing renter pool: population increased over the last five years with households up 14.3%, and forecasts point to continued population growth and a notable increase in households over the next five years. The 3-mile area is 48.6% renter-occupied, providing depth to the tenant base and supporting occupancy stability for workforce-friendly product. Average household size is edging smaller, which can sustain demand for efficient units.
Safety indicators are mixed and should be evaluated alongside property-level operations. The neighborhood’s crime rank is 957 out of 1,491 metro neighborhoods, placing it below the metro average for safety, and national percentiles for violent and property offenses sit in lower ranges (i.e., below the national median). For investors, this typically argues for prudent security measures and asset management practices to support leasing and retention.
Proximity to Downtown energy and power corporate offices underpins commuter convenience and helps stabilize renter demand. Nearby anchors include Baker Hughes, Calpine, EOG Resources, NRG Energy, and Targa Resources.
- Baker Hughes — energy services (2.6 miles) — HQ
- Calpine — power generation (2.8 miles) — HQ
- Eog Resources — exploration & production (2.8 miles) — HQ
- NRG Energy — power & retail energy (2.8 miles)
- Targa Resources — midstream energy (2.9 miles) — HQ
Built in 1972, the asset is newer than much of the surrounding pre-war housing stock, providing a competitive edge versus older properties while still offering value-add potential through targeted system upgrades and modernization. Elevated neighborhood home values point to a high-cost ownership market that can sustain rental demand, while a growing 3-mile household base and strong professional employment core nearby support a larger tenant pipeline.
Neighborhood occupancy benchmarks remain below the metro median, so stable returns will depend on disciplined operations, tenant retention, and pragmatic renewal strategies. According to CRE market data from WDSuite, amenity access (restaurants, cafes, parks) is a relative strength, and rent-to-income levels indicate room for performance through focused leasing and expense control rather than outsized rent growth assumptions.
- 1972 vintage offers value-add and modernization upside while remaining competitive versus older local stock
- High-cost ownership market supports renter reliance and potential pricing power for efficient units
- 3-mile household growth and nearby energy/power employers expand the tenant base and support leasing
- Amenity-rich dining and parks bolster livability, aiding retention and occupancy stability
- Risks: neighborhood safety metrics below national averages and below-metro occupancy require prudent security and conservative underwriting