| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 18th | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8546 Magna St, Houston, TX, 77093, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8546 Magna St, Houston TX Multifamily Investment
Steady renter demand is supported by rising household counts within 3 miles and accessible living costs relative to the metro, according to WDSuite’s CRE market data. The key investor angle is durable workforce housing fundamentals with room for targeted value-add to compete locally.
Located in North Houston, the property sits in a suburban neighborhood with a C- rating (ranked 1,303 of 1,491 metro neighborhoods), signaling below-median fundamentals versus the broader Houston market. Neighborhood occupancy runs just under the national midpoint, indicating competitive leasing conditions where product positioning and management execution matter.
Livability is practical rather than amenity-driven. Grocery access is a relative strength (around the 90th percentile nationally for grocery stores per square mile), while cafes, parks, and pharmacies are sparse in the immediate neighborhood. For investors, this mix points to dependable daily-needs access but limited lifestyle amenities, putting a premium on on-site features and unit-level finishes to attract and retain tenants.
Renter concentration in the neighborhood is in the mid-40% range by share of housing units that are renter-occupied and is projected to edge above half over the next five years, suggesting a deeper tenant base over time. Within a 3-mile radius, households grew in recent years and are projected to increase further, while average household size is trending smaller—factors that typically support multifamily demand and occupancy stability.
Home values benchmark below national norms for ownership costs, which can create some competition from entry-level ownership. At the same time, current median contract rents are comparatively modest for Houston, which can sustain renter reliance on multifamily housing and aid lease retention. Balancing these dynamics, investors may benefit from an affordability-oriented positioning with selective upgrades to defend pricing power.
Safety indicators for the neighborhood track below national norms, with the area positioned in the lower national percentiles for both property and violent offenses. Within the Houston metro, the neighborhood ranks in the lower half (crime rank 836 out of 1,491), indicating safety conditions that warrant attentive on-site security practices and resident engagement.
Recent trend data shows an improvement in estimated property offense rates year over year, a constructive signal to monitor. For underwriting and operations, investors typically account for security line items, lighting and access controls, and coordination with local resources to support resident experience and retention.
Proximity to Downtown Houston’s energy and utilities employers supports a broad workforce tenant base and practical commute times, reinforcing day-to-day leasing fundamentals for workforce housing. Key nearby employers include Calpine, NRG Energy, Targa Resources, Kinder Morgan, and EOG Resources.
- Calpine — power generation (5.7 miles) — HQ
- NRG Energy — energy & utilities (5.9 miles)
- Targa Resources — midstream energy (6.0 miles) — HQ
- Kinder Morgan — pipelines & terminals (6.0 miles) — HQ
- Eog Resources — oil & gas (6.0 miles) — HQ
This 24-unit property built in 1984 is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted upgrades to mechanicals and interiors. Occupancy in the surrounding neighborhood sits slightly below the national midpoint, which places emphasis on execution—curb appeal, unit renovations, and operational discipline—to capture steady workforce demand.
Within a 3-mile radius, households have increased and are projected to expand meaningfully, with smaller household sizes and income gains pointing to continued renter pool expansion. According to CRE market data from WDSuite, neighborhood rents remain modest for Houston, suggesting an opportunity to position the asset as an accessible option while pursuing value-add enhancements that support retention and measured rent growth. Investors should also account for below-average safety indicators and modest amenity density in the immediate area when planning capital and operations.
- 1984 vintage offers value-add potential and competitive positioning versus older neighborhood stock
- Workforce demand supported by household growth within 3 miles and a projected increase in renter-occupied share
- Modest neighborhood rents enable accessibility strategy with upgrades to support pricing power
- Grocery access is a relative strength; limited lifestyle amenities make on-site features more impactful
- Risks: below-average safety metrics and potential competition from entry-level ownership require prudent underwriting