| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 22nd | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10401 Old Bammel N Houston Rd, Houston, TX, 77086, US |
| Region / Metro | Houston |
| Year of Construction | 1982 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10401 Old Bammel N Houston Rd Houston Multifamily Investment
Elevated renter concentration in the surrounding neighborhood supports steady leasing, and, according to WDSuite’s CRE market data, occupancy in this Inner Suburb location trends near metro norms.
This Inner Suburb neighborhood holds a B rating and is competitive among Houston-The Woodlands-Sugar Land neighborhoods (655 out of 1,491), signaling balanced fundamentals for workforce-oriented rentals. Grocery and pharmacy access rank in the upper tiers locally and above national averages, while restaurants are plentiful; parks and cafes are limited. School quality trends below the national midpoint, which can modestly influence family-driven leasing decisions but doesn’t preclude stable occupancy for value-focused assets.
The existing housing stock here skews newer than the property’s 1982 vintage (neighborhood average construction year is 1994). For investors, the older vintage points to potential capital planning and value-add upside through targeted renovations and system upgrades that can enhance competitiveness versus more recent stock.
Neighborhood tenure data show a high share of housing units that are renter-occupied (75.2%), indicating a deep tenant base and demand resiliency for multifamily. Within a 3-mile radius, demographics show recent population and household growth and projections that point to more households alongside smaller average household sizes. This pattern typically supports a larger renter pool over time and can help sustain occupancy, even as household composition shifts.
Home values in the neighborhood sit below national midpoints, yet the value-to-income ratio is high compared with the U.S., reinforcing reliance on rental housing and aiding pricing power for well-positioned units. At the same time, rent-to-income levels are elevated, suggesting affordability pressure for some cohorts—an important consideration for renewal strategy, unit mix, and lease management.
Safety indicators for the neighborhood track around the national midpoint (48th percentile nationwide) and are competitive among Houston neighborhoods (450 out of 1,491). Recent trends show notable year-over-year declines in both property and violent offense estimates, which is constructive for resident retention and leasing, though continued monitoring remains prudent.
Proximity to established energy and technology employers underpins weekday traffic and supports renter demand through commute convenience. Key nearby employers include CenterPoint Energy, Enterprise Products, Emerson Process Management, Hewlett Packard Enterprise facilities, and ExxonMobil offices.
- Centerpoint Energy — utilities (2.73 miles)
- Enterprise Products — energy midstream (3.67 miles)
- Emerson Process Management — industrial technology (5.21 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology services (6.71 miles)
- ExxonMobil - Brookhollow Campus — energy offices (8.63 miles)
The property’s 1982 vintage in a B-rated Inner Suburb offers a clear value-add path: targeted renovations and system updates can sharpen positioning against the neighborhood’s generally newer stock while tapping a deep renter base. Neighborhood occupancy has been steady near metro norms, and the share of renter-occupied housing units is high—favorable signals for demand durability. According to CRE market data from WDSuite, amenity access is strongest for daily needs (grocery, pharmacy) and restaurants, which can aid leasing and retention for workforce tenants.
Demographic statistics within a 3-mile radius show recent population and household growth with projections for more households and smaller average household sizes—a setup that typically expands the renter pool and supports occupancy stability. Investors should manage around affordability pressure signaled by high rent-to-income ratios and plan for ongoing capital needs inherent to an early-1980s asset.
- High neighborhood renter-occupied share supports a deep tenant base and steady leasing
- 1982 vintage presents value-add and capital planning opportunities versus newer local stock
- Strong access to grocery, pharmacy, and restaurants aids retention and day-to-day livability
- 3-mile area trends toward more households and smaller sizes, reinforcing multifamily demand
- Risks: elevated rent-to-income levels and aging systems require careful lease and CapEx management