| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 16th | Poor |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Vista Rd, Pasadena, TX, 77504, US |
| Region / Metro | Pasadena |
| Year of Construction | 1973 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 Vista Rd Pasadena TX Value-Add Multifamily
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deep tenant base, while current occupancy levels leave operational upside, according to WDSuite’s CRE market data.
Located in Pasadena’s inner suburbs of the Houston metro, the area around 201 Vista Rd functions as workforce housing with a high share of renter-occupied units at the neighborhood level. That renter concentration signals durable multifamily demand and a broad prospective tenant pool, even as the neighborhood’s overall occupancy trend sits below the metro median among 1,491 Houston-area neighborhoods.
Everyday amenities are serviceable rather than destination-grade. Restaurant access and grocery presence rank above the metro median among 1,491 neighborhoods, while parks, pharmacies, and cafes are comparatively sparse. For investors, this mix suggests consistent local-serving traffic and commute-driven living patterns over lifestyle-driven premiums.
Construction trends indicate an older housing stock locally (neighborhood average vintage is 1981). With a 1973 build year, the property skews older than nearby stock, implying capital planning needs but also classic value-add levers such as interior renovations, common-area upgrades, and system modernizations to improve competitive positioning versus newer product.
Within a 3-mile radius, demographics show modest population softening but a growing household count and declining average household size. This combination typically supports a larger renter pool and steadier leasing velocity, while median contract rents remain approachable in context, helping sustain retention and limiting turnover. For investors performing multifamily property research, these local dynamics compare reasonably against national trends where renter growth has been strongest in inner-suburban nodes.
Safety conditions are mixed in a way investors should contextualize. Relative to Houston metro peers, the neighborhood’s crime rank places it closer to higher-incident tiers among 1,491 neighborhoods. However, compared with neighborhoods nationwide, safety indicators sit above average by percentile, with property and violent offense measures trending on the safer side nationally.
Recent data points show property offenses improving year over year, while violent offenses have edged up. For underwriting, this argues for practical security measures and community management as part of value-add plans, while recognizing that the area compares more favorably at the national scale than local ranks might imply, based on CRE market data from WDSuite.
The employment base features aerospace and energy corporates within a commutable radius, supporting workforce housing fundamentals and day-to-day leasing stability. Nearby employers include Boeing, Calpine’s maintenance operations and headquarters, Waste Management’s headquarters, and Kinder Morgan’s headquarters.
- Boeing: Bay Area Building — aerospace offices (7.9 miles)
- Calpine Turbine Maintenance Group — energy services (9.1 miles)
- Waste Management — environmental services (11.6 miles) — HQ
- Calpine — energy (11.8 miles) — HQ
- Kinder Morgan — midstream energy (11.8 miles) — HQ
The investment case centers on dependable renter demand and value-add potential. Neighborhood data indicate a high renter concentration and approachable rent levels that support retention, while overall occupancy trends below the metro median suggest operational upside through renovations and leasing execution. According to CRE market data from WDSuite, the submarket’s amenity profile favors essentials (restaurants, groceries) over lifestyle amenities, which aligns with workforce housing demand and supports steady occupancy rather than premium rents.
Built in 1973, the asset is older than the neighborhood average vintage, which points to clear capex planning but also the opportunity to reposition with unit and systems updates. Within a 3-mile radius, households are increasing even as population edges down — a pattern consistent with smaller household sizes that can broaden the renter base and support leasing stability over the hold.
- High renter concentration at the neighborhood level supports depth of tenant demand and renewal potential.
- Below-metro-median occupancy leaves room for leasing and operational improvement.
- 1973 vintage provides clear value-add levers via interior, common-area, and systems upgrades.
- Essential amenity access (restaurants, groceries) supports workforce housing fundamentals and stable demand.
- Risks: older building capex, mixed local safety rankings, and limited lifestyle amenities may temper rent premiums.