| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 808 Charles Barker Ave, Cleveland, TX, 77327, US |
| Region / Metro | Cleveland |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | 2005-04-08 |
| Transaction Price | $79,900 |
| Buyer | ELIAS HENRY YOVANI |
| Seller | 5-G INC |
808 Charles Barker Ave Cleveland TX Multifamily Investment
Renter demand is positioned to deepen as the nearby 3-mile area is projected to add households and incomes while ownership costs remain comparatively high, according to WDSuite’s CRE market data. This supports a durable workforce renter base even as neighborhood occupancy has trailed the metro median.
The property sits in suburban Cleveland within the Houston–The Woodlands–Sugar Land metro. Neighborhood services are limited and car-oriented — cafes, groceries, and parks are sparse locally — while pharmacy access is comparatively strong (top quartile nationally). For investors, this typically aligns with drive-to retail patterns rather than walkable amenity premiums.
Neighborhood occupancy is below the metro median among 1,491 Houston-area neighborhoods, which may reflect more price-sensitive renter segments. However, within a 3-mile radius, WDSuite data shows modest recent population growth with a meaningful upswing forecast by 2028, pointing to a larger tenant base and potential support for lease-up and retention.
Rents in the neighborhood trend below the national median, and rent-to-income levels indicate relatively manageable monthly housing costs for tenants. At the same time, home values relative to incomes are elevated (top quartile nationally), a combination that can sustain reliance on multifamily rentals and support occupancy stability over time.
Tenure patterns aggregated within a 3-mile radius indicate roughly one-third of housing units are renter-occupied today, with projections moving toward about two-fifths by 2028. For multifamily owners, that trajectory suggests a deeper pool of renters and added resilience for workforce-oriented product.
School quality in the neighborhood ranks in the lower national percentiles, which can shift demand toward value-focused properties and larger unit mixes serving families. Investors should plan leasing strategies accordingly and consider value-add features that resonate with cost-conscious households.
Comparable, property-level crime metrics are not available in the provided WDSuite dataset for this neighborhood. Investors typically benchmark area safety by reviewing trend lines at the city and county level, then comparing against peer neighborhoods across the Houston metro to gauge relative positioning and any directional changes over time.
Given the suburban setting and car-oriented patterns, many owners emphasize lighting, access control, and visibility as standard operating enhancements to support resident comfort and retention, alongside continuous monitoring of publicly available statistics.
Proximity to North Houston energy and services employers underpins commuter demand, with reachable corporate offices supporting leasing stability for workforce housing. Notable nearby employers include FedEx Office, National Oilwell Varco, Anadarko Petroleum, McKesson Specialty Health, and Halliburton.
- FedEx Office Print & Ship Center — logistics/printing services (20.9 miles)
- National Oilwell Varco — oilfield equipment & services (21.2 miles)
- Anadarko Petroleum — energy (25.8 miles) — HQ
- McKesson Specialty Health — healthcare services (26.1 miles)
- Halliburton — energy services (31.8 miles) — HQ
This 60-unit asset serves a value-focused tenant base in a suburban submarket where neighborhood rents trend below national norms while ownership costs run high relative to incomes. Within a 3-mile radius, WDSuite data indicates rising incomes and a substantial increase in the number of households by 2028, which points to renter pool expansion and support for occupancy and leasing velocity.
Neighborhood occupancy currently sits below the metro median, but the combination of manageable rent-to-income levels and a forecast shift toward a higher renter-occupied share creates room for operational upside. According to commercial real estate analysis from WDSuite, this mix of attainable rents and elevated ownership costs can reinforce demand for multifamily, with value-add positioning focused on livability features and cost-efficient upgrades to enhance retention.
- Forecast household and income growth within 3 miles expands the local renter base.
- Rents below national norms with manageable rent-to-income ratios support retention and pricing power.
- Elevated ownership costs relative to incomes sustain reliance on rental housing.
- Risk: neighborhood occupancy trails the metro median and local walkable amenities are limited; leasing and capex plans should address value-focused demand.