| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 25th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 650 Donoho St, Hempstead, TX, 77445, US |
| Region / Metro | Hempstead |
| Year of Construction | 1996 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
650 Donoho St Hempstead Multifamily Investment Opportunity
Neighborhood metrics point to steady renter demand and solid occupancy at the submarket level, according to WDSuite’s CRE market data. These signals reflect the surrounding neighborhoodnot the propertyand suggest a stable base for a 64-unit asset in Hempstead, Texas.
The property sits in a Suburban neighborhood within the Houston-The Woodlands-Sugar Land metro that is rated B-. At the neighborhood level, occupancy is competitive among Houston neighborhoods (ranked 548 of 1,491), and the share of housing units that are renter-occupied is in the top quartile metro-wide (ranked 144 of 1,491). For investors, this combination signals a deep tenant base and supports leasing stability.
Amenity access is mixed. Overall amenity rank is above the metro median (646 of 1,491), with pharmacies and childcare availability tracking around the mid-60s nationally, while cafes and parks are sparse. Average school ratings sit near the bottom nationally, which may temper appeal for some family-focused renters and warrants attention to unit mix and marketing strategy.
Within a 3-mile radius, recent trends show a modest population decline alongside an increase in households and smaller household sizes. For multifamily, this typically indicates a larger pool of renter households even as total population softens, supporting occupancy durability. Forward-looking data points to household growth over the next five years, which can expand the local tenant base; however, a potential shift toward a higher owner share suggests monitoring competition from ownership options as incomes rise.
Home values in the neighborhood are lower than many coastal and gateway markets, and rent-to-income ratios are moderate. In investor terms, this can aid retention and reduce turnover pressure, while still allowing measured rent growth where supported by unit quality. The propertys 1996 construction is older than the neighborhoods average vintage (2005), creating clear value-add and capital planning angles to keep the asset competitive against newer stock.
Neighborhood-level safety metrics for this location are not available in WDSuites dataset. Investors typically benchmark comparable suburban areas within the Houston-The Woodlands-Sugar Land metro and review multi-year trends to gauge relative safety and leasing implications. Site-level measures and professional third-party reports can further contextualize risk.
- Hewlett Packard Enterprise Customer Engagement Center technology services (30.0 miles)
- Centerpoint Energy utilities (33.5 miles)
- Enterprise Products midstream energy (33.5 miles)
- Conocophillips energy (34.2 miles) HQ
- Emerson Process Management industrial automation (34.9 miles)
This 1996-vintage, 64-unit asset benefits from a neighborhood with competitive occupancy and a high renter-occupied share versus the metro, supporting leasing stability. Household growth within a 3-mile radius is expected to expand the tenant base, while moderate rent-to-income levels suggest manageable affordability pressure that can aid retention. Based on commercial real estate analysis from WDSuite, the submarkets positioning indicates that measured renovations and operational focus can enhance competitiveness against newer inventory.
Key considerations include limited lifestyle amenities and low average school ratings at the neighborhood level, plus a potential shift toward ownership over the next five years as incomes rise. These factors argue for disciplined capex, thoughtful unit finishes, and value-oriented positioning to maintain pricing power.
- Competitive neighborhood occupancy and deep renter base support steady leasing
- 1996 vintage offers clear value-add and capital planning opportunities versus newer stock
- Moderate rent-to-income dynamics underpin retention and measured rent growth
- Risk: limited amenities and low school ratings may narrow family appeal
- Risk: potential shift toward ownership suggests monitoring demand and positioning