| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 31st | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Rodney Ln, Baytown, TX, 77520, US |
| Region / Metro | Baytown |
| Year of Construction | 1986 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Rodney Ln Baytown 58-Unit Multifamily Investment
Steady renter demand in Baytown’s inner-suburban corridor, supported by a meaningful renter-occupied presence in the neighborhood and growing household counts within 3 miles, points to durable leasing potential, according to WDSuite’s CRE market data.
Baytown’s Inner Suburb setting offers practical livability for workforce renters. Neighborhood amenities are mixed: cafes and grocery options track above national norms (both in the 70s–80s percentiles), while parks and pharmacies are limited. Average school ratings trend below national averages, which can affect family-oriented leasing strategies; operators often address this with property-level amenities and programming.
Neighborhood-level occupancy sits below national norms, signaling competitive lease-ups and a need for active management on renewals and marketing. At the same time, renter-occupied share in the neighborhood ranks above the national median (around the low-70s percentile), indicating a meaningful tenant base for multifamily. Median contract rents in the area have risen over the past five years, but the local rent-to-income relationship remains relatively manageable, which can support retention and lower turnover costs.
Within a 3-mile radius, WDSuite data shows modest recent population growth with a larger increase in households, and projections indicate further gains ahead alongside slightly smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability, even when the immediate neighborhood is working through submarket softness.
Home values in the neighborhood trend below national medians, which can introduce some competition from entry-level ownership. For multifamily owners, this generally argues for a value proposition centered on convenience, professional management, and flexible tenure, rather than pure price competition. The property’s 1986 vintage is somewhat newer than the neighborhood’s average construction year (1980), offering relative competitiveness versus older stock, though planning for system updates and targeted modernization remains prudent.
Safety indicators are mixed but generally sit modestly above national norms. Overall crime measures are slightly better than the national midpoint (mid-50s percentile), and property-related incidents benchmark stronger at a high national percentile, suggesting comparatively lower property crime than many neighborhoods nationwide. Violent-crime measures are also above average nationally (high-60s percentile), yet recent year-over-year trends show volatility, warranting continued monitoring and engagement with local data.
Investors should frame safety in comparative terms at the neighborhood and metro levels, aligning on-site measures, lighting, and resident engagement with evolving trends rather than relying on block-level assumptions.
The employment base nearby blends industrial and energy-related offices with regional corporate hubs, supporting workforce housing demand and commute convenience for renters. Notable employers include Air Products, Calpine Turbine Maintenance Group, Boeing, Waste Management, and Calpine.
- Air Products — industrial gases (5.4 miles)
- Calpine Turbine Maintenance Group — power generation maintenance (12.6 miles)
- Boeing: Bay Area Building — aerospace offices (14.5 miles)
- Waste Management — environmental services (25.8 miles) — HQ
- Calpine — power generation (25.9 miles) — HQ
This 58-unit, 1986-vintage asset in Baytown aligns with workforce housing demand patterns supported by a meaningful renter-occupied presence locally and expanding household counts within 3 miles. According to CRE market data from WDSuite, the immediate neighborhood has seen softer occupancy, but the broader 3-mile area shows population growth and a projected increase in households, which typically broadens the tenant base and supports leasing stability. The property’s slightly newer vintage than the neighborhood average can offer a competitive edge versus older stock, while targeted updates can unlock value-add potential.
Amenity access is practical—food and daily-needs retail benchmark above national norms—while lower home values in the neighborhood suggest potential competition from ownership. That dynamic favors operators who emphasize convenience, professional management, and flexible tenancy to drive retention. School ratings trend below average and recent safety trends are mixed, underscoring the importance of hands-on operations and resident experience.
- Expanding 3-mile household base supports a larger renter pool and occupancy stability over time.
- 1986 vintage offers relative competitiveness versus older neighborhood stock, with value-add potential via targeted upgrades.
- Above-median local renter concentration and manageable rent-to-income dynamics can aid retention and leasing velocity.
- Practical amenity access (food and daily-needs retail) enhances livability for workforce tenants.
- Risks: neighborhood occupancy softness, below-average school ratings, and mixed safety trends require active management.