| 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 TX Multifamily Investment
Workforce-oriented location with steady renter demand signals and mid-80s vintage positioning, according to WDSuite’s CRE market data. Neighborhood occupancy trends are softer, so returns hinge on competitive pricing and targeted value-add execution.
Located in an Inner Suburb of the Houston metro, the neighborhood posts a C+ rating and sits above the metro median in overall standing (rank 952 among 1,491 metro neighborhoods). For investors, this suggests average fundamentals with room to outperform via asset-level execution rather than location alone.
Daily needs are convenient: grocery access scores in the higher national percentiles and cafes/restaurants are comparable to U.S. norms, while parks and pharmacies are limited. Average school ratings trend below national norms, which can affect family-driven leasing but is often less determinative for workforce-focused assets.
Vintage context matters. The local housing stock averages around 1980; this property’s 1984 construction is somewhat newer than the area norm, supporting competitive positioning versus older assets while still warranting capital planning for building systems and common-area modernization that can drive rent trade‑ups.
Tenure patterns indicate a meaningful renter base. The neighborhood shows roughly one-third of housing units as renter-occupied, pointing to a stable, if not dominant, renter concentration. Within a 3-mile radius, demographics indicate population growth over the last five years and a projected increase through the next five, with households expanding and average household size drifting down—conditions that typically widen the tenant pool and support occupancy stability.
Affordability sets expectations. Neighborhood median contract rents track modestly above national midpoints, and the rent-to-income ratio remains moderate, which can aid retention and steady leasing. Median home values are lower relative to U.S. benchmarks, so some households have accessible ownership alternatives; for multifamily operators, that means emphasizing value, convenience, and renovated finishes to maintain pricing power.
Safety signals are mixed when viewed against national benchmarks. Property offense estimates trend favorable versus many U.S. neighborhoods (higher national safety percentile), while recent year-over-year violent offense estimates show an uptick. Investors should underwrite to standard security measures (lighting, access controls, resident screening) and monitor local trendlines rather than relying on single-year readings.
Compared with regional peers in the Houston metro, the area performs competitively in some categories but not uniformly across all crime types. A practical approach is to incorporate modest contingency for safety-related operating expenses and coordinate with local resources to maintain resident confidence over the hold.
Proximity to industrial, energy, and aerospace-related employers supports a broad workforce tenant base and commute convenience. The following nearby firms anchor employment demand relevant to leasing and retention at this location.
- Air Products — industrial gases (4.9 miles)
- Calpine Turbine Maintenance Group — power services (12.7 miles)
- Boeing: Bay Area Building — aerospace offices (14.5 miles)
- Waste Management — environmental services (25.4 miles) — HQ
- Kinder Morgan — midstream energy (25.6 miles) — HQ
This 104-unit, 1984-vintage asset offers a pragmatic value-add story in an Inner Suburb location where amenity access is serviceable and the renter base is durable but not dominant. Neighborhood occupancy trends are softer than national norms, so performance will lean on asset-level upgrades, operational discipline, and pricing that meets the market. Within a 3-mile radius, population and household counts have been rising and are projected to continue increasing, which points to renter pool expansion that can support leasing velocity and renewal rates.
Affordability dynamics are favorable for retention—rents benchmark near the national middle and rent-to-income ratios are moderate—yet relatively accessible home values can introduce competition from entry-level ownership. According to CRE market data from WDSuite, the property’s slightly newer-than-area-average vintage can be leveraged with targeted renovations to outperform older comparables while planning for aging systems. Investors should also account for mixed safety trendlines and below-average school ratings when calibrating marketing and amenity programs.
- Mid-80s vintage offers renovation upside versus older local stock
- 3-mile population and household growth supports a larger tenant base
- Workforce employer proximity underpins demand and leasing stability
- Moderate rent-to-income supports retention; price positioning is key against entry-level ownership
- Risks: softer neighborhood occupancy, mixed safety trends, and below-average schools require active management