| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 90th | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2204 Riva Row, Spring, TX, 77380, US |
| Region / Metro | Spring |
| Year of Construction | 2006 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2204 Riva Row, Spring TX Multifamily Investment
Positioned in an amenity-rich inner suburb with strong renter concentration, the asset benefits from durable tenant demand and high-cost ownership alternatives, according to WDSuite’s CRE market data. Neighborhood occupancy has been steady but sits below national leaders, suggesting disciplined leasing and operations can drive outperformance.
Located in Spring within the Houston–The Woodlands–Sugar Land metro, the neighborhood carries an A+ rating and ranks 2 out of 1,491 metro neighborhoods—placing it among the top quartile nationally on overall fundamentals. The subarea functions as an inner suburb with diversified amenities and strong demographics that typically support multifamily absorption.
Amenity depth is a highlight: dining and cafe density rank near the top of metro peers and are in the top quartile nationally, with groceries, parks, and pharmacies also scoring above national averages. Average school ratings are strong (top quartile nationally), which can aid resident retention for family-oriented renters.
Tenure skews toward renters at the neighborhood level, with 58.8% of housing units renter-occupied, indicating a deep tenant base for multifamily operators. Median home values are elevated relative to national benchmarks, which tends to sustain reliance on rental housing and support pricing power when paired with prudent lease management.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base and ongoing renter pool expansion. Forecasts indicate rising household incomes and contract rents by 2028, which, if realized, should underpin rent growth and occupancy stability for well-managed assets.
Neighborhood occupancy is stable but ranks below the metro’s top cohorts (national percentile around the middle). That backdrop favors operators focused on leasing discipline, resident experience, and renewal strategies to maintain occupancy and reduce turnover costs.
The property’s 2006 construction is newer than the neighborhood’s average vintage (1999), providing relative competitiveness versus older stock while still warranting periodic system updates or modernization to sharpen positioning.
Safety indicators are comparatively favorable at the national level, with the neighborhood sitting above the national median on overall safety (national percentile 59). Within the Houston–The Woodlands–Sugar Land metro, results are competitive but vary by category; investors should evaluate block-level trends during diligence rather than relying on metro-wide proxies.
Recent trend data show notable year-over-year declines in both violent and property offense rates, according to WDSuite, which suggests improving conditions. While violent incident measures still trail the safest national cohorts, the downward trajectory is a constructive signal for resident retention and leasing stability. As always, compare these neighborhood-level results against specific submarket and asset-level security practices.
Nearby corporate offices anchor a diverse employment base that supports commuter convenience and steady renter demand, including healthcare services, energy, and technology. The list below highlights major employers within a commutable radius that can contribute to leasing stability.
- McKesson Specialty Health — healthcare services (0.8 miles)
- Anadarko Petroleum — energy (0.9 miles) — HQ
- National Oilwell Varco — energy equipment (13.6 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology offices (13.8 miles)
- Centerpoint Energy — utilities (15.4 miles)
This 112-unit, 2006-vintage asset sits in one of the metro’s highest-rated inner suburbs, where amenity density, strong schools, and elevated ownership costs foster durable rental demand. According to CRE market data from WDSuite, the neighborhood’s renter concentration and expanding 3-mile population and household base point to a deeper tenant pool and supportive leasing conditions.
Neighborhood occupancy trends are steady but not top-tier nationally, making operational execution—marketing, renewals, and resident experience—key levers. The 2006 vintage confers competitive positioning versus older stock, while targeted upgrades and system modernization can unlock value-add upside without overcapitalizing.
- Top-ranked inner-suburb location with strong amenities and schools supporting renter retention
- Elevated home values in the neighborhood reinforce reliance on multifamily, aiding pricing power
- 2006 construction offers competitive stock; selective upgrades can enhance positioning
- Expanding 3-mile population and households signal a growing tenant base and leasing depth
- Risk: neighborhood occupancy sits below national leaders—execution and renewal strategy remain critical