| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 49th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12630 Ashford Point Dr, Houston, TX, 77082, US |
| Region / Metro | Houston |
| Year of Construction | 1982 |
| Units | 80 |
| Transaction Date | 2021-11-23 |
| Transaction Price | $14,527,500 |
| Buyer | OBH CORDOBA LLC |
| Seller | TRS APARTMENTS LLC |
12630 Ashford Point Dr Houston Multifamily Investment
Renter demand is supported by a solid local service and corporate employment base, according to WDSuite’s CRE market data, with execution focused on stabilizing occupancy and refreshing 1980s-vintage assets.
Located in Houston’s inner western suburbs, the neighborhood ranks 340 out of 1,491 metro neighborhoods, placing it in the top quartile metro-wide for overall livability. Amenity access skews practical: grocery and pharmacy density track above typical Houston areas while park access is limited. Average school ratings trend low, which can influence family-oriented renter segments and should be reflected in leasing strategy.
The property was built in 1982, while the neighborhood’s average construction year is 1990. Being older than nearby stock suggests planning for capital improvements and selective renovations to sharpen competitiveness versus 1990s and later assets, potentially supporting rent trade‑ups and retention where finishes and systems are modernized.
Tenure data indicate a meaningful renter-occupied share at the neighborhood level (just over half of housing units), pointing to a durable multifamily tenant base. Within a 3‑mile radius, renter concentration is higher, reinforcing depth for lease‑ups and renewals. Current neighborhood occupancy sits below the metro median, so underwriting should emphasize leasing velocity, renewal capture, and targeted concessions management.
Within a 3‑mile radius, recent years show modest population softening but a slight increase in household counts and a lower average household size; forward projections indicate population growth and a notable rise in households by 2028. These dynamics expand the local renter pool and can support occupancy stability over the medium term. Median home values in the neighborhood are elevated for the area, which tends to sustain rental demand and supports pricing power when paired with disciplined affordability thresholds; rent-to-income levels appear manageable for retention. Insights are based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood trend weaker than national benchmarks, with crime measures positioned in lower national percentiles. Compared with other Houston neighborhoods (1,491 total), the area sits in a less competitive safety tier, and recent year-over-year estimates show increases in both property and violent incidents. Investors typically reflect this in underwriting via security enhancements, resident engagement, and insurance/contingency planning, and by calibrating marketing toward segments less sensitive to school and safety perceptions.
Nearby corporate offices anchor a diverse employment base—foodservice distribution, energy, facility services, and oilfield equipment—which supports steady renter demand through commute convenience for the workforce living in this submarket.
- Sysco — foodservice distribution (2.7 miles) — HQ
- Phillips 66 — energy (3.0 miles) — HQ
- Abm SSC — facility services (3.6 miles)
- National Oilwell Varco — oilfield equipment (3.7 miles) — HQ
- Conocophillips — energy (4.7 miles) — HQ
This 80‑unit, 1982‑vintage asset sits in a renter-heavy corridor where neighborhood livability ranks competitively within Houston. The employment base includes several nearby corporate headquarters, which helps support a stable tenant pipeline. Neighborhood occupancy trends below the metro median call for focused leasing and targeted renovations to enhance relative value versus newer 1990s assets. According to CRE market data from WDSuite, the surrounding 3‑mile area shows a growing household base and smaller average household size over the forecast period, expanding the renter pool and supporting long‑run absorption.
Home values in the neighborhood are elevated relative to local incomes, reinforcing reliance on rental housing and aiding pricing power when balanced with retention-focused affordability. Amenity access is practical (groceries and pharmacies above typical levels) even as parks and school ratings trail, suggesting differentiated positioning toward value- and location-oriented renters and thoughtful risk controls around security and insurance.
- Renter concentration locally and within 3 miles supports a deep tenant base and renewal potential.
- 1982 vintage offers value‑add and capex pathways to compete with newer stock.
- Nearby corporate headquarters provide commute‑convenient employment drivers for leasing stability.
- Below‑median neighborhood occupancy presents execution upside via leasing, amenities, and renovations.
- Risks: weaker safety and school ratings, necessitating prudent security measures and conservative underwriting.