| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 27th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7606 Bellfort St, Houston, TX, 77061, US |
| Region / Metro | Houston |
| Year of Construction | 1973 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7606 Bellfort St, Houston TX Multifamily Investment
Neighborhood renter-occupied housing is elevated, supporting a deeper tenant base even as local occupancy trends suggest selective leasing competition, according to WDSuite’s CRE market data.
Positioned in an Inner Suburb of Houston (neighborhood rating: C+), the area mixes workforce housing with access to daily needs. Grocery store density ranks near the top nationally, while parks, pharmacies, and cafes are comparatively sparse, signaling convenience for essentials but fewer lifestyle amenities in the immediate vicinity.
The share of housing units that are renter-occupied is high for the neighborhood (92nd percentile nationwide), which generally supports a broader tenant pool and steady leasing activity for multifamily assets. Neighborhood occupancy is on the softer side, indicating owners may face more competition on renewals and lease-up; disciplined management and product differentiation can help sustain collections and retention.
Within a 3-mile radius, recent data show a modest population decline alongside an increase in household count, pointing to smaller average household sizes and a potential shift toward more rental demand per household. Forward-looking indicators suggest continued growth in households and a further reduction in household size, which can expand the renter pool and help support occupancy stability for well-positioned properties.
Home values in the neighborhood sit below many high-cost ownership markets, and the value-to-income profile trends higher than the national midpoint. For investors, this combination can sustain reliance on rental housing and support pricing power over time while still requiring attention to rent-to-income affordability to manage retention risk.
Safety indicators in this Houston neighborhood track weaker than many areas regionally and nationally. The neighborhood’s crime rank sits in the lower tier among 1,491 Houston metro neighborhoods, and national comparisons place it well below the safer percentiles. Investors should underwrite with prudent security, lighting, and operations planning and monitor trend direction rather than relying on any one-year data point.
Employment anchors within commuting distance include multiple energy and utilities headquarters, supporting workforce housing demand and commute convenience for residents. The list below highlights nearby corporate offices likely to contribute to leasing depth for stabilized multifamily assets.
- Waste Management — environmental services (7.45 miles) — HQ
- Centerpoint Energy — utilities (7.68 miles) — HQ
- Kinder Morgan — midstream energy (7.70 miles) — HQ
- Enterprise Products Partners — midstream energy (7.74 miles) — HQ
- Targa Resources — midstream energy (7.77 miles) — HQ
Built in 1973, the property may benefit from targeted capital planning and value-add upgrades to remain competitive against newer supply, particularly given softer neighborhood occupancy trends. Elevated renter concentration in the neighborhood supports a larger tenant base, while household growth within 3 miles and shrinking household size point to incremental demand for rental units and potential support for leasing stability. According to CRE market data from WDSuite, the area’s ownership costs relative to incomes can reinforce renter reliance on multifamily housing, though operators should balance pricing with rent-to-income affordability to sustain retention.
Proximity to major energy and utilities employers expands the catchment of wage earners within commuting range, helping underpin demand for workforce-oriented units. Execution risk remains around safety and school quality, so underwriting should include prudent security measures and a focus on durable tenant screening and resident services.
- Strong renter-occupied housing concentration supports a deeper tenant base
- 1973 vintage offers clear value-add and systems-upgrade pathways
- Household growth and smaller household sizes within 3 miles support leasing stability
- Nearby energy and utilities headquarters broaden employment-driven demand
- Risks: softer neighborhood occupancy and safety metrics require active management