| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 25th | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 610 Nancy Rose St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1980 |
| Units | 28 |
| Transaction Date | 2017-05-31 |
| Transaction Price | $1,246,900 |
| Buyer | XINFA COMPANY LLC |
| Seller | BIG RE FUND 2015 LLC |
610 Nancy Rose St Houston Multifamily Opportunity
Neighborhood occupancy is solid and renter concentration is near half of units, indicating a durable tenant base, according to WDSuite’s CRE market data. Positioning at this price-to-income point suggests manageable affordability pressure and potential for steady leasing.
This Inner Suburb location in Harris County shows a mixed profile for investors. The neighborhood carries a D rating and ranks 1,388 out of 1,491 Houston-area neighborhoods, signaling weaker overall fundamentals relative to the metro. Even so, neighborhood occupancy trends are above the national median (national percentile 68), a constructive indicator for near-term leasing and retention.
Amenities are limited locally: restaurants trend closer to national medians (63rd percentile), while cafes, groceries, parks, and pharmacies index low versus national comparisons. Average school ratings around 3.0 stars sit modestly above the national median (61st percentile), which can support family-oriented demand even where retail and service density is thinner.
Tenure data indicates roughly half of housing units are renter-occupied (about 49.7%), suggesting a meaningful renter concentration that supports depth of demand for multifamily product and can aid occupancy stability through cycles. Median contract rents for the neighborhood benchmark below the national midpoint, aligning with an affordability profile that can help sustain leasing velocity in price-sensitive segments.
Demographic statistics aggregated within a 3-mile radius point to a growing renter pool: population and household counts increased over the past five years, with additional growth projected. Rising household incomes alongside rent levels that remain accessible relative to incomes imply capacity for incremental rent moves if asset quality and operations support it, based on CRE market data from WDSuite.
Safety indicators are mixed. The neighborhood’s overall safety profile sits slightly below the national median (46th percentile), and violent offenses benchmark in lower national percentiles. However, recent trend data shows notable improvement in estimated violent offense rates over the past year (improvement ranking in higher national percentiles), which suggests a constructive direction rather than deterioration.
For investors, the takeaway is to underwrite with conservative assumptions while recognizing the improving trend line. Property-level measures and professional management can help mitigate downside risk where neighborhood metrics trail broader regional norms.
The area benefits from proximity to a diverse energy and industrial corporate base that supports renter demand through commute convenience and steady employment. Nearby anchors include Air Products and major energy headquarters such as Calpine, Waste Management, Kinder Morgan, and CenterPoint Energy.
- Air Products — corporate offices (8.8 miles)
- Calpine — corporate offices (12.1 miles) — HQ
- Waste Management — corporate offices (12.1 miles) — HQ
- Kinder Morgan — corporate offices (12.3 miles) — HQ
- Centerpoint Energy — corporate offices (12.3 miles) — HQ
610 Nancy Rose St is a 28-unit multifamily asset in Houston’s inner-suburban fabric with neighborhood occupancy above the national median and a renter concentration near half of local housing units. The property’s 1980 vintage positions it for value-add through selective renovations and systems upgrades to improve competitiveness against newer stock while keeping capital plans targeted. According to commercial real estate analysis from WDSuite, local rent levels sit below national midpoints, supporting lease-up and retention for workforce renters.
Within a 3-mile radius, household and population growth has been positive and is projected to continue, expanding the tenant base and supporting occupancy stability. Ownership costs in the surrounding area are comparatively accessible, which can introduce competition with entry-level ownership; however, manageable rent-to-income dynamics and proximity to major employers can sustain renter reliance on multifamily housing when product is well-operated.
- Occupancy above national median supports stable leasing and rent collections
- 1980 vintage offers clear value-add and modernization pathways
- Growing 3-mile household base expands the renter pool and supports retention
- Workforce price point underpins demand and cushions against volatility
- Risks: below-median safety and ownership competition warrant conservative underwriting