| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 15th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13919 Texarkana St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1982 |
| Units | 52 |
| Transaction Date | 2008-01-10 |
| Transaction Price | $1,664,000 |
| Buyer | RINCON DEL SOL LLC SERIES 4 |
| Seller | BT HOU LLC |
13919 Texarkana St Houston Multifamily Investment
Neighborhood occupancy has held in the low-90s with five-year improvement, supporting stable leasing conditions for nearby assets, according to WDSuite’s CRE market data.
Located in an inner-suburban pocket of Houston with a C+ neighborhood rating, the area offers everyday convenience: restaurant and cafe density ranks in the top decile nationally, and grocery access is similarly strong. Parks are comparatively plentiful, while childcare and pharmacy options are limited, suggesting residents rely on nearby submarkets for some services.
Renter concentration is elevated for the metro (a higher share of housing units are renter-occupied), which points to a deeper tenant base and supports multifamily demand. Neighborhood occupancy is around the metro middle and has improved over the past five years, a constructive indicator for lease-up and renewal stability based on WDSuite’s multifamily property research.
Within a 3-mile radius, population and household counts have grown over the past five years, with forecasts calling for further increases in households by the next five-year window. This trend implies a larger tenant base over time and potential support for steady absorption and retention, especially for smaller-format units.
The property was built in 1982, slightly newer than the neighborhood’s average vintage, which can offer a modest competitive edge versus older nearby stock; however, investors should still account for aging systems and targeted modernization in capital plans. Home values in the surrounding neighborhood are on the lower end relative to national norms, which can introduce some competition from entry-level ownership, but rent-to-income levels indicate manageable affordability pressure that can aid lease retention.
Safety indicators for the neighborhood sit below national benchmarks, meaning investors should underwrite with prudent assumptions and emphasize on-site security and resident engagement. That said, recent data shows property offenses trending down year over year, while violent offenses have increased, underscoring the importance of active management and coordination with local resources.
The area benefits from proximity to Houston’s energy and utilities corporate offices within roughly 9–12 miles, supporting a broad employment base and commute convenience that can underpin renter demand and retention.
- Air Products — industrial gases (9.5 miles)
- Calpine — power generation (11.4 miles) — HQ
- Waste Management — environmental services (11.4 miles) — HQ
- Kinder Morgan — energy infrastructure (11.6 miles) — HQ
- NRG Energy — power generation (11.6 miles)
This 52-unit, small-format asset is positioned in an inner-suburban Houston neighborhood where renter demand is supported by a high share of renter-occupied housing units and occupancy that has improved over the last five years. Amenity access is a relative strength (food, groceries, parks), and proximity to major energy and utility employers provides a diversified commuter tenant base. According to WDSuite’s commercial real estate analysis, rent levels in the surrounding neighborhood sit near national mid-to-lower tiers with a rent-to-income profile that can support retention and steady leasing.
Constructed in 1982, the property is slightly newer than the local average vintage, offering some competitive positioning versus older stock while still warranting targeted system upgrades and cosmetic refreshes as part of a value-add plan. Key underwrite considerations include below-average safety metrics and softer school ratings, alongside potential competition from relatively attainable ownership; these are balanced by household growth within a 3-mile radius and strong everyday amenities that can sustain occupancy.
- Neighborhood occupancy stability with five-year improvement supports leasing durability
- Elevated renter-occupied share indicates a deeper tenant base for multifamily
- Strong access to dining, groceries, and parks enhances resident convenience
- 1982 vintage offers competitive positioning vs. older stock with targeted value-add potential
- Risks: below-national safety metrics, softer schools, and some competition from entry-level ownership