| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 30th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10222 S Gessner Rd, Houston, TX, 77071, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10222 S Gessner Rd Houston Multifamily Investment
Strong renter concentration in the surrounding neighborhood and a high-cost ownership landscape signal durable demand, according to WDSuite’s CRE market data. Lease management should account for local affordability pressures to support occupancy and retention.
Located in Houston’s Urban Core, the property sits in a neighborhood rated B+ and competitive among Houston-The Woodlands-Sugar Land neighborhoods (473 out of 1,491). Amenity access is a relative strength: grocery and childcare density rank in the top percentile nationally, with cafes and pharmacies also testing above the national median. This mix supports day-to-day convenience and helps widen the renter catchment.
The neighborhood shows a deep renter-occupied housing base — among the highest shares in the metro — which typically supports multifamily leasing depth and a broader tenant pipeline. At the same time, the neighborhood’s reported occupancy level trails many Houston peers, suggesting operators should emphasize leasing execution and renewal strategies to stabilize performance.
Home values sit in a high-cost ownership context relative to incomes (upper national percentiles for value-to-income), reinforcing reliance on rental options and potential pricing power in well-managed assets. By contrast, the rent-to-income profile indicates elevated affordability pressure, so measured rent growth and targeted concessions may be useful to sustain retention.
Within a 3-mile radius, demographics indicate a large, diverse population base and a majority renter share. Recent patterns point to smaller household sizes and, over the forecast window, an increase in households — both supportive of a larger tenant base and steady demand for rental units. These trends are based on CRE market data from WDSuite and align with value-oriented, workforce housing demand.
Safety indicators for the surrounding neighborhood trend weaker than the national average, with national percentiles in lower ranges for both property and violent incidents. This positions the area below many U.S. neighborhoods on safety metrics and below the metro median. Operators typically address this through visible property-level measures (lighting, access control, coordination with local resources) and resident engagement to support leasing and retention.
Nearby corporate offices anchor a diversified employment base that supports workforce housing demand and commute convenience. Key employers include National Oilwell Varco, ABM’s shared services, Phillips 66, and Quanta Services, all within a practical drive of the property.
- National Oilwell Varco Employees CU — financial services (2.17 miles)
- National Oilwell Varco — energy equipment & services (2.21 miles) — HQ
- Abm SSC — facilities & business services (2.33 miles)
- Phillips 66 — integrated energy (5.38 miles) — HQ
- Quanta Services — infrastructure services (6.17 miles) — HQ
This Houston multifamily asset benefits from a deep renter base and strong daily-needs amenity access. Neighborhood data show grocery and childcare density in top national tiers, while a high value-to-income backdrop for ownership supports sustained reliance on rental housing. According to CRE market data from WDSuite, the area’s renter-occupied share is among the highest in the metro, expanding the tenant pipeline and helping support lease-up and renewal prospects.
Counterbalancing strengths, the neighborhood’s occupancy runs below many Houston peers and rent-to-income levels indicate affordability pressure. Within a 3-mile radius, projections point to an increase in households and a modest population rebound, which can expand the renter pool over time. Execution focused on resident retention, expense control, and selective value-add can position the asset to capture demand while managing risk.
- Deep renter-occupied housing base supports leasing depth and renewal potential
- Daily-needs amenities (grocery/childcare) in top national tiers underpin convenience-driven demand
- High-cost ownership context reinforces rental reliance and potential pricing power
- Forecast household growth within 3 miles expands the future renter pool
- Risk: Below-metro occupancy and affordability pressure require disciplined leasing and retention