| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 29th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1026 S 6th St, La Porte, TX, 77571, US |
| Region / Metro | La Porte |
| Year of Construction | 1978 |
| Units | 79 |
| Transaction Date | 2015-05-29 |
| Transaction Price | $2,450,000 |
| Buyer | PF VILLAGE BY THE BAY LLC |
| Seller | GABLES ESTATES LTD |
1026 S 6th St La Porte Multifamily Opportunity
Neighborhood occupancy is resilient and renter demand is supported by manageable rent-to-income levels, according to WDSuite’s CRE market data. This points to stable leasing dynamics in a suburban pocket of the Houston metro.
Located in suburban La Porte within the Houston-The Woodlands-Sugar Land metro, the property benefits from neighborhood occupancy that sits in the top quartile nationally, signaling steady leasing conditions relative to peers, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is above national norms, indicating a deeper tenant base for multifamily operators than many suburban submarkets.
Daily needs are reasonably covered with grocery, pharmacy, parks, and restaurants comparing favorably to national mid-range percentiles, while cafés and childcare options are limited in the immediate neighborhood. This amenity mix supports routine convenience but suggests residents may travel a bit farther for specialty or lifestyle offerings—an operational consideration for positioning and retention.
Within a 3-mile radius, population and households have grown in recent years, with projections indicating further population growth and a notable increase in household count over the next five years. Forecasts also point to smaller average household sizes, which typically expand the pool of households seeking rental options and can support occupancy stability. Median contract rents in the vicinity remain accessible relative to household incomes, which can help with lease retention and moderated turnover.
Home values in the neighborhood track below national medians, creating some competition from ownership alternatives. For multifamily operators, this means focusing on value, convenience, and unit quality to sustain pricing power. The asset’s 1978 vintage is older than the neighborhood’s average construction year, suggesting clear value-add pathways and capital planning needs to remain competitive with newer stock.
Safety indicators for the neighborhood sit below the national median, with both property and violent offense measures weaker than average compared to neighborhoods nationwide. However, year-over-year trends show an improvement in violent offense rates, which is a constructive sign to monitor over subsequent periods, according to WDSuite’s CRE market data.
For investors, this profile calls for standard security planning and resident engagement, with ongoing tracking of metro and neighborhood trends rather than block-level assumptions. Positioning, lighting, access controls, and partnership with local resources can help support resident experience and retention.
Nearby employers span energy, industrial services, and aerospace, supporting a diversified workforce and commute convenience that underpins renter demand. The list below reflects major employers within a practical drive of the property: Calpine Turbine Maintenance Group, Boeing, Air Products, Waste Management, and Kinder Morgan.
- Calpine Turbine Maintenance Group — corporate offices (4.3 miles)
- Boeing: Bay Area Building — aerospace offices (6.2 miles)
- Air Products — industrial gases (7.2 miles)
- Waste Management — corporate offices (21.5 miles) — HQ
- Kinder Morgan — corporate offices (21.8 miles) — HQ
The property’s adjacency to a stable suburban renter base, coupled with neighborhood occupancy in the upper national tier, supports consistent leasing performance. According to CRE market data from WDSuite, rent levels remain balanced against incomes locally, which can aid retention while allowing for disciplined rent management. The 1978 construction year points to actionable value-add levers—interiors, systems, and common areas—to sharpen positioning against newer comparables.
Within a 3-mile radius, population growth and a projected increase in households, alongside smaller household sizes, suggest a larger tenant base over the medium term. Ownership remains relatively accessible in this submarket, so multifamily positioning should emphasize convenience, finish quality, and services to sustain demand and mitigate competition from entry-level homeownership.
- Occupancy strength and resilient renter pool support leasing stability.
- Value-add potential from 1978 vintage to enhance competitiveness and rents.
- Household growth and smaller household sizes expand the tenant base within 3 miles.
- Employer proximity across energy, industrial, and aerospace reinforces workforce demand.
- Risks: subpar safety metrics and accessible ownership options require careful positioning and asset management.