| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 31st | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2105 Cedar Bayou Rd, Baytown, TX, 77520, US |
| Region / Metro | Baytown |
| Year of Construction | 1984 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2105 Cedar Bayou Rd Baytown Multifamily Investment
Positioned in an Inner Suburb of the Houston metro, this 104-unit asset targets workforce renters where neighborhood occupancy is softer and pricing remains mid-market, according to WDSuite’s CRE market data. Investors can underwrite demand from nearby industrial employment while planning for selective upgrades on a mid-1980s vintage.
Baytown’s Inner Suburb setting offers everyday convenience with a competitive among Houston neighborhoods amenity profile (ranked 375 of 1,491 metro neighborhoods). Cafes and groceries index above national norms, while parks and pharmacies are limited locally. School ratings trend lower than national averages, so leasing strategies may lean more toward workforce households than school-driven demand.
Neighborhood construction skews early 1980s and the subject property was built in 1984, suggesting aging systems and common areas where targeted value-add and capital planning can improve competitiveness. Median contract rents in the neighborhood sit in the middle of national distributions and have grown over the past five years, per commercial real estate analysis from WDSuite, but neighborhood occupancy ranks in the lower tier within the metro (1380 of 1,491), requiring active lease management and concessions discipline.
Within a 3-mile radius, demographics point to a larger tenant base ahead: recent population growth is modest, and households are projected to expand meaningfully over the next five years alongside smaller average household sizes. Renter-occupied share is in the mid-40s today and is expected to move closer to half of units, supporting depth of demand and helping stabilize occupancy through turnover cycles.
Ownership costs in the immediate neighborhood are relatively accessible versus national norms. That context can temper near-term pricing power as some renters consider ownership, but it also broadens the workforce renter pool that prioritizes convenience and value in professionally managed communities.
Safety conditions should be evaluated thoughtfully. The neighborhood’s crime rank places it among higher-incident clusters in the Houston metro (ranked 371 out of 1,491 neighborhoods), and recent data show a year-over-year uptick in violent offenses alongside elevated property offense rates compared with many U.S. neighborhoods. Trends can vary by block and over time, so investors often factor in security measures, lighting, and insurance when underwriting.
Balanced messaging in leasing, visible property management, and coordination with local resources can help support resident retention and mitigate perception risk over the hold period.
The area’s employment base is anchored by energy, industrial services, and aerospace, providing a broad blue-collar and technical workforce that supports renter demand and commute convenience for residents. Notable nearby employers include Air Products, Calpine Turbine Maintenance Group, Boeing’s Bay Area operations, and several Houston-headquartered energy and services firms.
- Air Products — industrial gases (4.9 miles)
- Calpine Turbine Maintenance Group — power generation services (12.6 miles)
- Boeing: Bay Area Building — aerospace (14.5 miles)
- Waste Management — environmental services (25.4 miles) — HQ
- Kinder Morgan — energy infrastructure (25.6 miles) — HQ
This 1984-vintage, 104-unit community fits Baytown’s workforce housing profile, with a renter base supported by nearby industrial and energy employers and mid-market rents. According to CRE market data from WDSuite, neighborhood occupancy trails metro norms, which argues for hands-on revenue management and targeted upgrades to drive lease retention and capture value-add upside as the renter pool expands.
Within a 3-mile radius, households are projected to increase and average household size to decline, indicating more renters entering the market and a larger tenant base. While ownership costs are comparatively accessible locally—limiting aggressive pricing power—projected rent growth and rising renter concentration should support steady absorption for well-managed assets.
- Workforce demand supported by nearby industrial and energy employers
- Value-add potential on 1980s vintage with targeted capital improvements
- Expanding renter base within 3 miles supports occupancy stability
- Pricing strategy should consider accessible ownership alternatives
- Risk: below-metro occupancy and safety perceptions require proactive management