| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 69th | Best |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12735 Whittington Dr, Houston, TX, 77077, US |
| Region / Metro | Houston |
| Year of Construction | 1982 |
| Units | 100 |
| Transaction Date | 2013-02-26 |
| Transaction Price | $5,422,500 |
| Buyer | WHITTFIELD APARTMENTS LLC |
| Seller | 12735 WHITTINGTON LTD |
12735 Whittington Dr Houston Multifamily Value-Add
Proximity to Energy Corridor employers and a renter-heavy neighborhood support steady tenant demand, while a 1982 vintage points to renovation upside for pricing and retention based on balanced commercial real estate analysis from WDSuite.
Located in Houston s inner suburbs, the property sits within a neighborhood rated B+ and competitive among 1,491 metro neighborhoods, with occupancy near the metro median and rising over the past five years according to WDSuite s CRE market data. The area shows a high share of renter-occupied housing (roughly two-thirds), which signals depth in the tenant pool and supports multifamily leasing stability.
Daily needs are well-served by grocery access (strong relative to both metro and national benchmarks), and restaurants are reasonably dense for the area. However, cafes, parks, and pharmacies are limited within the neighborhood boundaries, which may modestly reduce walkable amenity appeal and should be considered in marketing and resident-experience planning.
Within a 3-mile radius, households and incomes provide a broad demand base. Median household income is solid with meaningful growth in recent years, and forward projections call for population growth and a significant increase in households, expanding the renter pool and supporting occupancy stability over the medium term. Rent levels in the 3-mile radius have trended upward and are projected to continue rising, reinforcing revenue potential for well-positioned assets.
The property s 1982 construction is slightly older than the neighborhood s average vintage, pointing to targeted capital planning and value-add opportunities (interiors, building systems, curb appeal) to remain competitive against newer stock. Elevated home value-to-income ratios locally suggest that ownership is a higher-cost path for many households, which can sustain reliance on rental housing and support lease retention.
Safety conditions should be underwritten conservatively. The neighborhood s crime rank is 1,186 out of 1,491 metro neighborhoods and it sits around the lower decile nationally, indicating higher reported crime relative to many Houston sub-areas. Recent year-over-year estimates also indicate increases in both property and violent offenses. Investors often mitigate such risks with security-forward operations, resident engagement, and lighting/camera upgrades, while monitoring trend direction over time.
The employment base nearby is anchored by major corporate headquarters in the Energy Corridor and related services, supporting commuter convenience and durable renter demand. Key employers include Sysco, ConocoPhillips, Phillips 66, Group 1 Automotive, and National Oilwell Varco.
- Sysco foodservice distribution (1.0 miles) HQ
- Conocophillips energy (2.9 miles) HQ
- Phillips 66 energy (3.0 miles) HQ
- Group 1 Automotive auto retail & services (4.6 miles) HQ
- National Oilwell Varco energy equipment & services (5.1 miles) HQ
12735 Whittington Dr offers a scale opportunity at 100 units with demand supported by a renter-heavy neighborhood and proximity to headquarters-grade employment. According to CRE market data from WDSuite, neighborhood occupancy levels are near the metro median with a rising multi-year trend, while the wider 3-mile area shows solid incomes and a projected expansion in households that should broaden the tenant base and support leasing stability.
The 1982 vintage is slightly older than the area s average stock, creating a clear value-add path via unit upgrades and targeted systems improvements to enhance competitive positioning and capture rent premiums. Ownership costs in the area are relatively high compared with incomes, which can sustain reliance on multifamily rentals and aid retention for well-managed assets. Risk considerations include safety metrics that trail stronger Houston neighborhoods and limited walkable cafes/parks, both of which can be addressed through operations, amenity programming, and marketing.
- Renter-heavy neighborhood and HQ employment nearby support stable tenant demand
- Occupancy near metro median with improving multi-year trend per WDSuite
- 1982 vintage provides value-add potential through interiors and systems upgrades
- Elevated ownership costs reinforce reliance on rentals, aiding lease retention
- Risks: below-average safety metrics and limited walkable cafes/parks require proactive management