| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 34th | Fair |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 811 Northwood Dr, Baytown, TX, 77521, US |
| Region / Metro | Baytown |
| Year of Construction | 1976 |
| Units | 76 |
| Transaction Date | 2011-06-30 |
| Transaction Price | $8,125,000 |
| Buyer | ARMET JAMES |
| Seller | FIRST NATIONAL BANK |
811 Northwood Dr Baytown Multifamily Investment
Neighborhood occupancy is near the national middle with a very high share of renter-occupied units, suggesting a deep tenant base according to WDSuite s CRE market data.
The property sits in an Inner Suburb of the Houston metro where neighborhood occupancy trends are broadly around the national midpoint, supporting baseline leasing stability. The area s renter-occupied housing share is exceptionally high within the metro, indicating a large pool of households that participate in the rental market a constructive signal for multifamily demand depth and day-to-day leasing.
The asset s 1976 construction is older than the neighborhood s average vintage (1993). For investors, that typically translates to capital planning for systems, exteriors, and interiors, while also creating straightforward value-add paths to enhance positioning against newer stock.
Local amenity density is mixed: grocery access scores above many neighborhoods nationally, while cafes, parks, and pharmacies are limited nearby. This points to a more auto-oriented resident lifestyle; marketing should emphasize drive-time connectivity over walkability.
Within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue growing, with smaller average household sizes. That combination generally supports a larger tenant base and steady absorption of rental units. Elevated home values relative to local incomes create a high-cost ownership market, which tends to sustain reliance on rental housing and can aid lease retention for well-managed communities. Rent-to-income levels indicate some affordability pressure, suggesting prudent rent-setting and renewal strategies for stability.
Based on WDSuite s CRE market data, this neighborhood benchmarks as safer than a majority of neighborhoods nationwide on aggregate measures (national safety percentile readings are in the upper range). Violent-offense indicators trend in the top quartile nationally, signaling comparatively favorable conditions versus many U.S. neighborhoods.
Property-offense readings show more variability, including recent upticks. Investors should plan for standard security measures and asset hardening where appropriate, while recognizing that the broader safety profile trends better than average at the national level.
Nearby employers span industrial gases, energy services, aerospace, and large energy headquarters. This mix supports a diversified workforce renter base and commute convenience for residents who work at Air Products, Calpine Turbine Maintenance Group, Boeing, Waste Management, and Kinder Morgan.
- Air Products industrial gases (2.7 miles)
- Calpine Turbine Maintenance Group energy services (11.7 miles)
- Boeing: Bay Area Building aerospace (13.4 miles)
- Waste Management environmental services (23.2 miles) HQ
- Kinder Morgan energy infrastructure (23.4 miles) HQ
811 Northwood Dr offers scale at 76 units in a renter-heavy neighborhood where occupancy trends sit near national midpoints, supporting day-to-day leasing durability. According to CRE market data from WDSuite, the submarket s renter concentration is among the highest in the metro, indicating depth of tenant demand. The 1976 vintage is older than local averages, creating a practical value-add angle through unit and systems upgrades to sharpen competitive positioning against newer deliveries.
Within a 3-mile radius, recent and projected growth in population and households points to a larger renter pool over the medium term, while elevated ownership costs relative to incomes help sustain multifamily reliance and can aid retention. Amenity density is car-oriented rather than walkable, and property-crime variability warrants routine security planning; both are manageable with thoughtful operations and targeted capex.
- High renter-occupied housing share supports tenant base depth and leasing stability
- 1976 vintage provides clear value-add pathways via interior and systems upgrades
- 3-mile demographic growth expands the renter pool and supports absorption
- Elevated ownership costs reinforce reliance on rental housing and potential retention
- Risks: limited walkable amenities and property-crime volatility; mitigate with operations, security, and prudent rent management