| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 95th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 848 Yale St, Houston, TX, 77007, US |
| Region / Metro | Houston |
| Year of Construction | 1996 |
| Units | 21 |
| Transaction Date | 1996-05-22 |
| Transaction Price | $62,500 |
| Buyer | GARVEY FRANK B |
| Seller | BAILEY MARVIN E |
848 Yale St Houston Urban Multifamily Investment
Neighborhood occupancy has held near the mid-90s and a majority renter-occupied housing mix supports a deep tenant base, according to WDSuite’s commercial real estate analysis.
Located in Houston’s Urban Core, the area surrounding 848 Yale St rates A+ at the neighborhood level and is competitive among 1,491 Houston-The Woodlands-Sugar Land neighborhoods. High home values relative to incomes indicate a high-cost ownership market, which tends to reinforce reliance on rentals and supports pricing power for well-located multifamily assets.
Amenity access is a strength: restaurant and cafe density ranks among the best in the metro (ranks 26 and 5 out of 1,491, respectively), translating to top quartile nationally for day-to-day dining and coffee options. Park access is a standout as well (rank 2 of 1,491; top quartile nationally). By contrast, in-boundary measurements show limited grocery and pharmacy counts, so residents may rely on nearby districts for those needs—an operational note for leasing expectations rather than a demand headwind.
For multifamily demand, the neighborhood’s renter-occupied share is 53.6% of housing units, signaling a deep tenant pool and supporting occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy averages 95.9% and sits in the 76th percentile nationally, indicating above-median performance versus peer submarkets and competitive standing within the metro.
Within a 3-mile radius, population and households have expanded in recent years, with forecasts calling for further population growth and a sizable increase in households. This points to a larger tenant base over time and supports lease-up and retention prospects. Median rent levels in the surrounding area sit in the upper tiers regionally, while a moderate rent-to-income profile suggests manageable affordability pressure—useful for renewal strategies rather than outsized turnover risk.
Vintage matters: built in 1996, the property is newer than the local average construction year (ranked against an area where the average year skews older). That positioning can be competitive versus mid-century stock, though investors should still plan for systems modernization and selective renovations to meet current renter expectations.
Safety indicators for the immediate neighborhood trend below national percentiles, reflecting higher reported crime than many U.S. neighborhoods. Compared with 1,491 neighborhoods in the Houston metro, the area’s crime profile is not top tier and should be underwritten with standard urban-core precautions (lighting, access control, and active management).
Recent data also show year-over-year increases in violent offenses alongside elevated property offense rates relative to national benchmarks. These are neighborhood-level metrics, not property-specific; conditions can vary block to block. Investors typically address this through operating practices and partnerships that support resident safety and retention.
The property sits near a dense cluster of energy and utilities corporate offices, providing a broad professional employment base that supports workforce renter demand and commute convenience for residents. Key nearby employers include Baker Hughes, EOG Resources, Plains GP Holdings, NRG Energy, and Targa Resources.
- Baker Hughes — energy services (1.8 miles) — HQ
- Eog Resources — energy (2.6 miles) — HQ
- Plains GP Holdings — midstream energy (2.6 miles) — HQ
- NRG Energy — utilities & power (2.7 miles)
- Targa Resources — midstream energy (2.7 miles) — HQ
848 Yale St is a smaller-scale asset (21 units) positioned in a high-amenity Urban Core location where renter-occupied housing is the majority and neighborhood occupancy trends are above the metro median. Elevated ownership costs nearby reinforce rental housing reliance, while a growing 3-mile population and household base expands the tenant pool and supports leasing stability. Built in 1996, the asset should be competitively positioned versus older local stock, with scope for targeted renovations and systems updates to enhance rents and retention.
According to CRE market data from WDSuite, the neighborhood ranks competitively within the Houston metro on overall livability and amenity access, with top-quartile national positioning for parks and food-and-beverage density—useful for marketing and resident satisfaction. Underwriting should account for urban-core safety considerations and the neighborhood’s limited in-boundary grocery/pharmacy counts, managed through operations and resident experience planning.
- Majority renter-occupied housing and above-median neighborhood occupancy support demand depth and leasing stability.
- High amenity access (parks, dining, cafes) offers marketing advantages and resident retention upside.
- 1996 vintage provides competitive positioning versus older stock with value-add potential through targeted upgrades.
- Elevated ownership costs nearby reinforce reliance on rentals, supporting pricing power and renewals.
- Risks: below-average safety indicators for the neighborhood and limited in-boundary grocery/pharmacy options warrant proactive operations and resident services.