| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 68th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10527 Langston Dr, Baytown, TX, 77523, US |
| Region / Metro | Baytown |
| Year of Construction | 1987 |
| Units | 54 |
| Transaction Date | 2008-07-25 |
| Transaction Price | $687,500 |
| Buyer | CROSSBRIDGE LLC |
| Seller | GRAY EDDIE V |
10527 Langston Dr Baytown Multifamily Investment
Neighborhood occupancy is strong and trending positively, according to WDSuite’s CRE market data, suggesting stable renter demand in this suburban pocket of the Houston metro.
This Baytown location sits within a suburban neighborhood rated B+ among the Houston-The Woodlands-Sugar Land metro’s 1,491 neighborhoods, indicating broadly healthy fundamentals for workforce and move-up renters. Neighborhood occupancy is competitive among Houston-The Woodlands-Sugar Land neighborhoods, supporting steady leasing dynamics for nearby multifamily assets. The area’s average school rating sits in the top quartile nationally, a family-friendly signal that can underpin lease retention.
Amenities are balanced but not urban-dense: grocery access is moderate, parks are competitive among metro peers, while cafes and pharmacies are limited locally. For investors, that mix points to a residential-first setting with daily-needs convenience but fewer discretionary destinations, which can favor tenants prioritizing space and schools over nightlife. Home values are elevated relative to local incomes, and with a rent-to-income ratio around the mid-teens, lease terms can remain manageable, supporting renewals and measured pricing power.
Vintage context matters: the neighborhood’s average construction year trends newer than 1990s, while this property was built in 1987. That slightly older vintage can necessitate capital planning for building systems and common areas, but it also creates clear value-add levers around interiors and amenities to compete with newer stock.
Within a 3-mile radius, WDSuite indicates recent population growth alongside a notable increase in households and a decline in average household size. That combination typically expands the renter pool as more, smaller households enter the market, supporting occupancy stability for professionally managed assets. Looking forward, projections call for continued population and household growth through the next five years, a tailwind for multifamily demand. These dynamics, coupled with the area’s strong schools and stable occupancy, stand out in commercial real estate analysis of suburban Houston.
Neighborhood-level crime metrics are not available in WDSuite for this specific area, so comparative safety insights cannot be quantified here. Investors typically benchmark city and county trend sources, then evaluate property-level measures (lighting, access controls, and visibility) to contextualize resident experience and retention risk.
Proximity to corporate offices across energy, industrial, and service sectors supports a diverse commuter base and helps sustain renter demand. The list below highlights nearby employers by distance.
- Air Products — corporate offices (8.9 miles)
- Calpine Turbine Maintenance Group — corporate offices (18.4 miles)
- Boeing: Bay Area Building — corporate offices (20.2 miles)
- FedEx Office Print & Ship Center — corporate offices (23.1 miles)
- Halliburton — corporate offices (27.8 miles) — HQ
Built in 1987 with 54 units averaging roughly 840 square feet, the asset offers a classic value-add profile in a suburban Houston submarket where neighborhood occupancy is competitive among peers. According to CRE market data from WDSuite, the surrounding neighborhood posts solid occupancy and strong school ratings, with homeownership costs that help sustain reliance on rental housing—factors that can support steady leasing and retention when paired with disciplined renovations.
Within a 3-mile radius, recent population growth, rising household counts, and smaller average household sizes point to a larger tenant base and ongoing multifamily demand. While amenity density skews toward daily needs rather than entertainment, the area’s commuter access to multiple corporate offices, combined with manageable rent-to-income dynamics, provides a practical foundation for cash flow durability. As an older asset relative to nearby stock, targeted capex on interiors and curb appeal can improve competitive positioning without over-improving for the submarket.
- Competitive neighborhood occupancy and strong schools support resident retention
- 1987 vintage provides clear value-add levers via interior and systems upgrades
- 3-mile population and household growth expand the renter pool and leasing depth
- Elevated ownership costs and practical rent-to-income ratios reinforce rental demand
- Risks: lower cafe/pharmacy density and older systems require focused asset management