| 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 | 2021-06-18 |
| Transaction Price | $5,900,000 |
| Buyer | VILLAS AT ALEXANDER BAY INVESTORS LLC |
| Seller | SHADY CREEK HOUSING PARTNERS LTD |
1220 Knowlton Rd Baytown TX Multifamily Investment
Neighborhood occupancy has held above broader norms, supporting stable renter demand near HoustonThe WoodlandsSugar Land, according to WDSuites CRE market data.
Situated in Baytownan inner-suburb setting within the Houston metrothe property benefits from neighborhood occupancy that is competitive among HoustonThe WoodlandsSugar Land neighborhoods and in the top quartile nationally, per WDSuites commercial real estate analysis. Renter-occupied units account for about half of the neighborhoods housing stock, indicating a deep tenant base that can support leasing velocity and retention.
Everyday conveniences are accessible: restaurants score in the top quartile nationally and grocery/pharmacy access trends above average, while parks and cafes are comparatively limited. For investors, this mix suggests practical livability drivers for workforce households, with some amenity gaps that may temper premium positioning without on-site upgrades or targeted services.
The assets 1999 construction is newer than the neighborhoods average vintage (1970). That relative youth can enhance competitiveness versus older stock; however, investors should still underwrite for modernization of aging systems and common areas to sustain positioning.
Within a 3-mile radius, recent population growth and a faster increase in households point to a gradually expanding renter pool, with forecasts indicating continued household expansion alongside smaller average household sizes. This trend typically supports occupancy stability and broadens the prospect base for smaller formats and efficient units.
Ownership costs in the surrounding neighborhood are comparatively accessible by national standards, which can introduce some competition with entry-level homeownership. Balanced against a moderate rent-to-income profile locally, this dynamic supports lease retention while suggesting measured, operations-led rent growth rather than outsized pricing power.
Safety trends compare favorably in a national context: the neighborhood falls in the top quartile nationally for lower violent and property offense rates, based on WDSuites CRE market data. Year-over-year, reported offenses have trended down, which can reinforce renter confidence and support retention.
As always, performance varies by micro-location and property management. Investors should evaluate on-site controls, lighting, and access management alongside submarket crime trends to align capital plans with resident expectations.
Proximity to energy, industrial gases, power services, aerospace offices, and environmental services employers supports a steady commuter renter base and can aid weekday occupancy and lease stability.
- Air Products industrial gases (4.3 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 energy (24.8 miles) HQ
1220 Knowlton Rd offers a newer-vintage (1999) multifamily asset in an inner-suburban Houston metro neighborhood where occupancy is competitive locally and strong nationally, according to CRE market data from WDSuite. The renter base is sizable, with about half of neighborhood units renter-occupied, and nearby servicesparticularly restaurants, groceries, and pharmaciessupport day-to-day livability. While parks and cafes are thinner, this primarily affects premium positioning rather than core demand.
Within a 3-mile radius, population growth and an even faster increase in households point to continued renter pool expansion; forecasts suggest more households and smaller average household sizes, which typically support absorption for efficient unit types. Given ownership costs that are more accessible than in high-cost markets and a moderate rent-to-income profile, investors should underwrite steady, operations-driven performance, with upside from targeted renovations and system updates consistent with a 1999 vintage.
- Competitive occupancy and sizable renter concentration support leasing stability
- 1999 vintage offers relative edge over older stock with value-add potential
- 3-mile household growth and smaller sizes expand the renter pool
- Services and employment access underpin workforce demand near Houston
- Risks: limited park/cafe amenities and competition from attainable homeownership