| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 16th | Poor |
| Amenities | 84th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 907 N Pruett St, Baytown, TX, 77520, US |
| Region / Metro | Baytown |
| Year of Construction | 1972 |
| Units | 66 |
| Transaction Date | 2010-09-28 |
| Transaction Price | $660,000 |
| Buyer | WOODCOX JOE |
| Seller | CHANG MING LIANG |
907 N Pruett St Baytown Multifamily Value-Add Opportunity
Neighborhood renter-occupied share is elevated, supporting depth of tenant demand, according to WDSuite’s CRE market data. Stable workforce fundamentals and service-sector proximity suggest consistent leasing interest for a 66-unit asset.
Anchored in Baytown’s Inner Suburb fabric of the Houston-The Woodlands-Sugar Land metro, the neighborhood scores well on daily convenience. Restaurant density sits in the top quartile nationally, and access to childcare is similarly strong, while grocery, parks, and pharmacies are solidly above national medians. These are neighborhood-level metrics that typically support renter retention and day-to-day livability for workforce tenants, based on CRE market data from WDSuite.
Occupancy in the neighborhood is near the metro median with a modest five-year uptick, indicating steady demand rather than volatility. The share of housing units that are renter-occupied is high for the metro, implying a deeper tenant base and more consistent leasing velocity for multifamily assets. Median contract rents in the area remain accessible relative to incomes, which can temper turnover and support pricing discipline.
Within a 3-mile radius, population and households have grown over the past five years, with forecasts calling for continued population growth and a sizable increase in households. Smaller average household sizes in the outlook point to more renters entering the market, expanding the local tenant pool and supporting occupancy stability for well-managed properties.
Home values in the neighborhood are lower than many parts of the Houston metro, and the rent-to-income ratio trends around the national midpoint. For investors, this suggests a high-cost ownership market is not the main driver; instead, accessible rents and strong neighborhood amenities underpin demand. School ratings are lower on average than metro norms, which can affect appeal for family renters, but proximity to services and employment can offset some of that impact for workforce-oriented assets.
Neighborhood safety compares below the national median, reflecting higher reported incidents than many U.S. neighborhoods. Within the Houston-The Woodlands-Sugar Land metro (1,491 neighborhoods), the area sits around the middle of the pack, and recent data show year-over-year increases in estimated property and violent offense rates. Investors should underwrite prudent security measures and tenant screening, and track trend direction rather than any single-year reading.
Nearby employers span industrial gases, power services, aerospace, and large energy headquarters, supporting a broad workforce tenant base and commute convenience for residents.
- Air Products — industrial gases (3.3 miles)
- Calpine Turbine Maintenance Group — power services (11.0 miles)
- Boeing: Bay Area Building — aerospace offices (12.8 miles)
- Waste Management — environmental services (23.6 miles) — HQ
- Calpine — energy (23.7 miles) — HQ
907 N Pruett St is a 66-unit, 1972-vintage asset positioned in a neighborhood with strong day-to-day amenities, an above-median renter-occupied share, and occupancy near the metro median. The vintage points to potential value-add via unit renovations and building systems upgrades, while accessible area rents and a broad employment base support leasing durability. According to WDSuite’s commercial real estate analysis, the neighborhood’s steady demand indicators and expanding 3-mile renter pool can underpin stable cash flow with operational execution.
Forward demographic trends within 3 miles show population growth and a notable increase in households, which can translate to a larger tenant base. While school quality is weaker and safety trends warrant close monitoring, investors who budget for capex and apply disciplined management can capitalize on workforce demand and amenity-driven retention.
- Workforce location with strong neighborhood amenities and high renter-occupied share supporting demand
- 1972 vintage offers value-add upside through interior and systems modernization
- Occupancy near metro median with growing 3-mile renter pool supports leasing stability
- Accessible area rents relative to incomes can aid retention and pricing discipline
- Risks: below-median school ratings and softer safety metrics require conservative underwriting and active management