| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 22nd | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10401 Old Bammel N Houston Rd, Houston, TX, 77086, US |
| Region / Metro | Houston |
| Year of Construction | 1983 |
| Units | 80 |
| Transaction Date | 2014-01-23 |
| Transaction Price | $3,093,700 |
| Buyer | KALITERA BRIAR PARK LLC |
| Seller | EQUITEX LTD |
10401 Old Bammel N Houston Rd, Houston Multifamily Opportunity
Renter demand is reinforced by high neighborhood renter concentration and everyday retail proximity, according to WDSuites CRE market data. Expect stable occupancy dynamics with room for value-add driven performance rather than outsized rent growth.
Located in an Inner Suburb of Houston with a B neighborhood rating, the area ranks above the metro median (655 of 1,491) for overall fundamentals. Neighborhood occupancy trends sit near metro norms and have improved over the last five years, pointing to durable leasing conditions rather than a volatile cycle.
Daily needs are well covered: grocery access sits in the upper national percentiles, and pharmacies and childcare density are also strong. Restaurant options are plentiful, while parks and cafes are comparatively limited nearby. For investors, this mix supports convenience-led retention even if green space and third-space amenities may require on-site placemaking to enhance appeal.
The buildings 1983 vintage is older than the neighborhoods average stock from the mid-1990s. That positioning typically implies targeted capital planningfrom interiors and common areas to systems modernizationto stay competitive against newer comparables, with corresponding renovation upside potential.
Renter concentration within the immediate neighborhood is among the highest in the metro and well above national norms, signaling depth in the tenant base and supporting leasing velocity for multifamily. Within a 3-mile radius, WDSuite data shows household counts trending higher over time alongside smaller average household sizes in the forecast periodboth dynamics that can translate into a larger pool of renters and steady demand for appropriately sized units.
Home values locally are below many coastal markets, yet the neighborhoods value-to-income ratio sits in a high national percentile, indicating a high-cost ownership environment relative to local incomes; this typically sustains reliance on multifamily housing. At the same time, the neighborhoods rent-to-income ratio is also at the higher end, suggesting affordability pressure that warrants careful lease management and renewal strategies.
Safety outcomes are competitive among Houston neighborhoods (ranked in the stronger third versus 1,491 metro areas), though current levels sit somewhat below national safety norms. Recent trends are constructive: both property and violent offense rates have declined year over year, with property offenses improving notably faster than typical U.S. neighborhoods, based on WDSuites CRE market data.
For investors, this translates into a trajectory that is moving in the right direction within the regional context, while remaining mindful that day-to-day security measures and resident engagement can support retention and reputation as trends continue to normalize.
Proximity to corporate employment strengthens the renter base by shortening commutes and supporting retention. Nearby firms span energy infrastructure and technology services, including CenterPoint Energy, Enterprise Products, Emerson Process Management, Hewlett Packard Enterprise, and ExxonMobils Brookhollow campus.
- Centerpoint Energy energy infrastructure (2.7 miles)
- Enterprise Products energy infrastructure (3.7 miles)
- Emerson Process Management industrial technology (5.2 miles)
- Hewlett Packard Enterprise Customer Engagement Center technology services (6.7 miles)
- ExxonMobil Brookhollow Campus energy (8.6 miles)
This 80-unit asset offers exposure to a Houston Inner Suburb where occupancy has held near metro norms and improved over the past five years. The 1983 vintage is older than area averages, creating a clear value-add and systems-upgrade path to sharpen competitive positioning against newer stock. Elevated neighborhood renter concentration underscores a deep tenant base, while grocery, restaurant, and healthcare access help support everyday convenience and lease retention.
Within a 3-mile radius, household counts are rising and are expected to continue increasing as average household sizes trend smallera combination that can expand the renter pool and support steady leasing. According to CRE market data from WDSuite, ownership remains relatively high-cost versus local incomes, which can reinforce reliance on rentals, though higher rent-to-income levels locally call for disciplined renewal strategies and attention to affordability risk.
- Stable neighborhood occupancy with five-year improvement supports income durability
- 1983 vintage offers actionable value-add and modernization upside versus newer comps
- High neighborhood renter concentration and strong daily amenities bolster leasing velocity
- 3-mile household growth and smaller household sizes point to a larger tenant base
- Risks: elevated rent-to-income levels and below-national safety norms require active management