| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 68th | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 611 W Cavalcade St, Houston, TX, 77009, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 96 |
| Transaction Date | 2014-09-08 |
| Transaction Price | $6,930,100 |
| Buyer | IMPERION TOW LLC |
| Seller | RESIDANCE AT THE HIEGTHS LLC |
611 W Cavalcade St Houston Multifamily Investment
Positioned in a competitive inner-suburb pocket of Houston, the asset benefits from neighborhood amenities and an ownership market with elevated home values that supports rental demand, according to WDSuite’s CRE market data.
The surrounding neighborhood ranks 211 out of 1,491 Houston-area neighborhoods (top quartile among 1,491), indicating solid location fundamentals for multifamily. Restaurant density is strong (94th percentile nationally) and park access is also high (89th percentile), with groceries competitive (88th percentile). By contrast, cafes and pharmacies are limited, so daily convenience leans toward restaurants, parks, and grocers rather than specialty retail.
Median home values sit in the 75th percentile nationwide, a high-cost ownership context that tends to sustain reliance on rentals and can support pricing power and retention. Neighborhood median rents trend modestly above the national median, and rent-to-income patterns suggest manageable affordability pressure for many working households—useful for renewal strategy and revenue management.
Within a 3-mile radius, households expanded meaningfully over the last five years and are projected to grow further while average household size trends smaller. That combination points to a larger tenant base and supports occupancy stability for well-operated assets. Based on commercial real estate analysis from WDSuite, average school ratings land modestly above the national midrange, a potential plus for family-oriented renters.
Unit tenure data shows about 36% of neighborhood housing is renter-occupied, indicating a substantial yet balanced renter pool. The local construction stock averages 1960, while this property was built in 1972—newer than much of the nearby inventory—suggesting competitive positioning after targeted updates to systems and finishes.
Safety indicators are weaker relative to the metro, with the neighborhood’s crime rank at 989 out of 1,491 Houston-area neighborhoods and national safety percentiles in the lower single digits for both property and violent offenses. This points to elevated risk versus many U.S. neighborhoods, so underwriting should account for security measures that support resident comfort and retention.
Recent year-over-year estimates show increases in both property and violent offenses. Investors commonly mitigate through lighting, access control, and on-site protocols while monitoring directionality over subsequent periods.
A cluster of nearby energy headquarters and corporate offices within roughly three miles underpins a sizable professional employment base and commute convenience, supporting leasing velocity and retention.
- Calpine — energy (3.0 miles) — HQ
- Baker Hughes — energy services (3.1 miles) — HQ
- Eog Resources — energy (3.1 miles) — HQ
- NRG Energy — energy (3.1 miles)
- Targa Resources — midstream energy (3.2 miles) — HQ
611 W Cavalcade St is positioned in a top-quartile Houston neighborhood where strong restaurant, park, and grocery access complements a high-cost ownership market, reinforcing renter demand and lease retention potential. The 1972 vintage is newer than the area’s average housing stock, creating a path for value through targeted system and finish upgrades.
According to CRE market data from WDSuite, neighborhood occupancy has edged higher, rent levels are consistent with steady demand, and proximity to multiple energy headquarters supports a deep employment base that can aid leasing stability. Risk management should focus on safety, operational controls, and capital planning appropriate for an older asset profile.
- Top-quartile location among 1,491 Houston neighborhoods with strong amenity access that supports renter appeal
- High-cost ownership context supports sustained rental demand and potential pricing power
- 1972 vintage newer than neighborhood average, enabling competitive positioning with targeted capex
- Nearby energy headquarters and corporate offices help underpin tenant demand and retention
- Risk: safety metrics trail metro norms; budget for security, controls, and ongoing monitoring