| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 11th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7526 Martin Luther King Blvd, Houston, TX, 77033, US |
| Region / Metro | Houston |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7526 Martin Luther King Blvd Houston 80-Unit Multifamily
Neighborhood occupancy has held in the mid-90s, supporting baseline lease stability for workforce renters, according to WDSuite’s CRE market data. These indicators reflect neighborhood conditions rather than property-specific performance.
The property sits in an inner-suburb pocket of Houston with limited immediate retail and services; amenity densities for groceries, restaurants, parks, and pharmacies rank near the bottom of metro comparisons. For investors, an amenity-light setting typically shifts the focus to on-site conveniences and management-driven retention rather than walkable demand drivers.
Neighborhood multifamily occupancy is above the metro median and sits around the mid-90s, placing the area in the 64th percentile nationally for occupancy, based on CRE market data from WDSuite. The renter-occupied share of housing units is about half of the stock (near 51%), indicating a meaningful tenant base that supports leasing depth even when pricing power is modest.
Within a 3-mile radius, recent data show a modest increase in households alongside smaller average household sizes, which can translate into a larger pool of renters over time. Forecasts point to continued gains in households and incomes, which should aid absorption and support occupancy stability, though investors should underwrite conservatively given submarket variability.
Home values in the neighborhood are relatively low by Houston standards, but ownership remains a high-cost proposition relative to local incomes (high value-to-income ratio). This dynamic can sustain reliance on rental housing; however, the neighborhood’s elevated rent-to-income ratio signals affordability pressure that warrants attentive lease management and renewal strategies.
The asset’s 2004 construction is newer than the neighborhood’s average vintage from the 1990s, offering a competitive edge versus older stock. Investors should still plan for mid-life capital items and selective modernization to support retention and capture incremental rent in a price-sensitive area.
Safety metrics indicate elevated crime relative to both the metro and the nation. The neighborhood ranks 1,216 out of 1,491 Houston-area neighborhoods, placing it in the lower tier locally and roughly the bottom decile nationally, according to WDSuite’s CRE market data. Recent year-over-year estimates point to increases in both property and violent offenses, so underwriting should account for security measures, lighting, and staffing as part of operating plans.
As with any inner-suburb location, conditions can vary block to block and over time. Investors typically address this through targeted property improvements, tenant screening, and community partnerships, while monitoring neighborhood trend lines relative to other Houston submarkets.
Proximity to major corporate headquarters in central Houston supports a broad workforce renter base and commute convenience. Notable nearby employers include Waste Management, CenterPoint Energy, Kinder Morgan, Enterprise Products Partners, and Plains GP Holdings.
- Waste Management — waste services (5.9 miles) — HQ
- Centerpoint Energy — utilities (6.1 miles) — HQ
- Kinder Morgan — energy infrastructure (6.1 miles) — HQ
- Enterprise Products Partners — midstream energy (6.1 miles) — HQ
- Plains GP Holdings — midstream energy (6.2 miles) — HQ
This 80-unit, 2004-vintage asset offers workforce housing exposure in an inner-suburb location where neighborhood occupancy trends run above the metro median. According to CRE market data from WDSuite, the area’s renter concentration and steady occupancy provide a baseline for leasing stability, while the property’s mid-2000s vintage is competitive against older stock—assuming prudent capital planning for mid-life systems and targeted upgrades.
Investor focus should be on operating execution: cultivating renewals in a price-sensitive renter base, leveraging proximity to large employment centers, and enhancing on-site amenities given limited neighborhood retail. Demographic indicators within a 3-mile radius point to a growing household base and rising incomes over the forecast period, which can expand the tenant pool and support occupancy, balanced against affordability pressure and localized safety considerations.
- Above-metro-median neighborhood occupancy supports baseline stability
- 2004 vintage offers competitive positioning versus older local stock
- Workforce demand reinforced by proximity to multiple corporate headquarters
- 3-mile household and income growth expands the renter pool over time
- Risks: affordability pressure (high rent-to-income), safety concerns, amenity-light location