| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 77th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 830 Victoria Dr, Houston, TX, 77022, US |
| Region / Metro | Houston |
| Year of Construction | 1973 |
| Units | 86 |
| Transaction Date | 2015-08-28 |
| Transaction Price | $2,850,000 |
| Buyer | LI EVELYN EVENS YEE WAN |
| Seller | 2009 EVELYN E LI REVOCABLE TRUST |
830 Victoria Dr Houston Multifamily Near Energy Employers
Proximity to major energy offices and a high renter-occupied share in the neighborhood support demand resilience, according to WDSuite’s CRE market data, even as local amenities are limited and neighborhood occupancy sits below the metro median.
The property sits in an Inner Suburb of Houston where local amenities are thin, but regional connectivity and access to large employment nodes help underpin renter demand. Neighborhood-level occupancy is below the metro median, yet the share of renter-occupied housing is elevated, indicating a deeper tenant pool for multifamily owners and potential for steady leasing when positioned and managed well.
Neighborhood ratings signal mixed fundamentals: demographics rank competitively among 1,491 Houston neighborhoods and land in the top quartile nationally, while overall housing and amenity measures trail metro peers. For investors, this points to a submarket where tenant demand is present but requires hands-on operations, targeted marketing, and product-market fit to capture.
Within a 3-mile radius, WDSuite’s data show households have grown recently and are projected to rise further by 2028, with smaller average household sizes over time. Rising median incomes and a growing share of higher-earning households expand the renter base for quality units, which can support occupancy stability and measured rent growth for well-maintained assets.
Home values in the surrounding area trend lower than many Houston submarkets, which can introduce some competition from ownership options; however, that dynamic also keeps rentals relatively accessible and can support retention for properties that balance price and quality. Median asking rents in the neighborhood sit below many urban-core comparables, offering room for value-oriented positioning rather than premium pricing.
Vintage matters: the asset was built in 1973, slightly newer than the neighborhood average vintage. For investors, that suggests potential value-add through interior upgrades and system modernization, alongside prudent capital planning to keep the property competitively positioned against both older stock and newer deliveries nearby.
Safety indicators for the neighborhood are weaker than the metro median and fall in the lower end nationally based on WDSuite’s benchmarks. Investors should underwrite with conservative assumptions and account for enhanced onsite management, lighting, access control, and community engagement to support resident retention.
Recent year-over-year readings show an uptick in both property and violent offense estimates at the neighborhood level. Rather than relying on block-level assumptions, frame strategies around property-level measures, partnerships with local public safety resources, and leasing practices that prioritize stability.
Nearby energy and power companies create a sizable commuter workforce that can support multifamily leasing, particularly for well-managed workforce housing close to major arterials. Notable employers include ExxonMobil’s Brookhollow campus, Baker Hughes, Calpine, EOG Resources, and NRG Energy.
- ExxonMobil - Brookhollow Campus — energy (4.4 miles)
- Baker Hughes — energy services (5.0 miles) — HQ
- Calpine — power generation (5.1 miles) — HQ
- Eog Resources — energy exploration (5.2 miles) — HQ
- NRG Energy — power & retail energy (5.2 miles)
This 86-unit asset offers exposure to a renter-heavy neighborhood near major energy employers, with household growth and income gains within 3 miles expanding the tenant base. While neighborhood occupancy trails the metro, median asking rents remain comparatively accessible, creating room for value-oriented positioning and measured rent growth for renovated product. Built in 1973, the property presents value-add potential through interior upgrades and targeted system improvements that can enhance competitiveness versus older stock.
According to CRE market data from WDSuite, neighborhood demographics stand out relative to many Houston peers, even as amenity density and safety scores lag. Underwriting that pairs operational discipline with pragmatic capex can capture demand from commuters and households seeking quality housing at attainable price points.
- Renter-occupied concentration supports depth of tenant demand and leasing velocity
- 3-mile household growth and rising incomes expand the renter pool and support occupancy stability
- 1973 vintage provides clear value-add and modernization pathways to drive rent premiums
- Proximity to major energy employers bolsters weekday demand and retention potential
- Risks: below-metro safety metrics, limited local amenities, and neighborhood occupancy below metro average