| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 14th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 Knowlton Rd, Baytown, TX, 77520, US |
| Region / Metro | Baytown |
| Year of Construction | 1999 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1220 Knowlton Rd, Baytown TX Multifamily Investment
Neighborhood occupancy is steady near the mid‑90s with a balanced renter base, pointing to durable leasing fundamentals, according to WDSuite’s CRE market data. This Inner Suburb location offers workforce access with room for operational upside as the area continues to mature.
The property sits in an Inner Suburb pocket of Baytown where neighborhood occupancy is about 95.7%, placing it in the top quartile nationally for stability (based on WDSuite). Renter-occupied housing represents roughly half of units in the neighborhood, indicating a deep tenant base and consistent multifamily demand rather than reliance on a narrow cohort.
Local livability favors essentials over lifestyle retail: grocery and pharmacy access rank above many U.S. neighborhoods, while cafes and parks are comparatively sparse. For investors, this mix aligns with workforce housing demand and supports everyday convenience that can aid renewal rates even without heavy amenity spend.
Rents in the neighborhood sit below national medians, which can support competitive pricing and occupancy; however, relatively accessible ownership costs in Baytown (home values track in lower national percentiles) can create some pricing discipline. Lease management should balance affordability pressure with steady absorption to preserve occupancy and minimize turnover.
Within a 3-mile radius, the population has expanded in recent years and households are projected to grow further, implying a larger tenant base and continued renter pool expansion. This demand backdrop supports occupancy stability for well-managed assets that maintain competitive finishes and service levels.
Neighborhood safety indicators benchmark favorably in national terms, with overall measures aligning with the top quartile of U.S. neighborhoods. Recent trends also point in a positive direction: estimated violent offense rates declined sharply year over year and property offenses moved lower as well, according to WDSuite’s data. As always, investors should focus on submarket-wide patterns rather than block-level readings when underwriting.
Compared with the broader Houston-The Woodlands-Sugar Land metro (1,491 neighborhoods), this area is competitive on safety metrics, which can support retention and reduce non-rent loss through steadier tenancy. Ongoing monitoring remains prudent to confirm that recent improvements persist.
Nearby industrial and energy employers anchor the renter base, offering commute convenience that can support leasing stability. Key nodes include Air Products, Calpine Turbine Maintenance Group, Boeing’s Bay Area presence, and Houston CBD energy headquarters like Waste Management and Calpine.
- Air Products — industrial gases (4.4 miles)
- Calpine Turbine Maintenance Group — power services (12.0 miles)
- Boeing: Bay Area Building — aerospace offices (13.9 miles)
- Waste Management — environmental services (24.8 miles) — HQ
- Calpine — power generation (24.9 miles) — HQ
Built in 1999, the asset is newer than much of the surrounding housing stock, offering a competitive position versus older properties while still benefiting from light value-add or systems modernization to sustain rents and reduce capex surprises. Neighborhood occupancy around the mid‑90s and a renter share near 50% point to a reliable tenant base, and within a 3-mile radius both recent population growth and projected household expansion support continued renter demand and occupancy stability.
Ownership costs in Baytown are comparatively accessible, which can temper rent growth, but the area’s workforce orientation, steady employer base, and improving safety trends provide a durable backdrop for cash flow. According to CRE market data from WDSuite, this submarket’s balance of attainable rents and essential amenities supports consistent leasing with disciplined pricing.
- 1999 vintage positions the asset competitively versus older neighborhood stock, with targeted value-add potential
- Top‑quartile neighborhood occupancy and broad renter base support stable cash flow
- 3‑mile population and household growth expand the tenant pool and aid retention
- Essential amenities and proximity to major employers underpin leasing durability
- Risk: accessible homeownership options may constrain pricing power, requiring careful lease and renewal management