| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 53rd | Good |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1431 Sherwood Forest St, Houston, TX, 77043, US |
| Region / Metro | Houston |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1431 Sherwood Forest St Houston Multifamily Investment
Positioned in Houston’s inner suburbs, the asset benefits from a renter-leaning neighborhood and occupancy near metro norms, according to WDSuite’s CRE market data. Steady renter demand and proximity to major employers support day-to-day leasing fundamentals.
This inner-suburb neighborhood carries an A- rating and ranks in the top quartile among 1,491 metro neighborhoods, indicating competitive fundamentals within Houston. Neighborhood occupancy trends sit around the national midpoint, while renter-occupied housing accounts for a notably high share locally, deepening the tenant base for multifamily.
Livability drivers are balanced: cafes, grocers, and parks test in the upper national percentiles, supporting daily convenience; however, limited pharmacy and childcare density suggests residents rely on nearby submarkets for certain services. Average school ratings trend below national norms, which investors should weigh when assessing long-term family-oriented demand.
Within a 3-mile radius, household counts have been rising and are projected to continue growing, pointing to a larger tenant base over time. Population growth is modest, but smaller household sizes and an expanding number of households can still translate into more renters entering the market and support occupancy stability.
Ownership costs are elevated relative to incomes in the neighborhood and sit above national norms, which tends to sustain reliance on rental housing and can aid pricing power where rent-to-income remains manageable. Median contract rents are above national medians and have grown meaningfully in recent years, aligning with sustained renter demand, based on commercial real estate analysis from WDSuite.
The property’s 1973 vintage is slightly older than the area’s average construction year. For investors, that points to capital planning for systems and common areas, but also potential value-add upside through targeted renovations and modernization to compete against newer stock.
Safety indicators are mixed and warrant monitoring. The neighborhood ranks below the stronger half of Houston areas for crime when compared against 1,491 metro neighborhoods, and national comparisons place it below average for safety. Recent year-over-year estimates indicate increases in both violent and property offenses, underscoring the importance of active security measures and resident engagement.
Conditions can vary block to block across Houston’s inner suburbs. Investors often focus on property-level controls (lighting, access management) and partnership with local resources to support resident experience and retention.
Proximity to major corporate employment in West Houston underpins renter demand and commute convenience, particularly for energy and corporate services roles represented by ConocoPhillips, Group 1 Automotive, Sysco, Wells Fargo Advisors, and Phillips 66.
- Conocophillips — energy (2.3 miles) — HQ
- Group 1 Automotive — auto retail corporate (2.4 miles) — HQ
- Sysco — foodservice distribution corporate (3.4 miles) — HQ
- Wells Fargo Advisors — financial services (3.4 miles)
- Phillips 66 — energy (3.7 miles) — HQ
This 30-unit asset offers exposure to a renter-leaning Houston neighborhood with occupancy near national medians, sustained by broad employment nearby and a growing household base within 3 miles. Elevated home values relative to incomes help reinforce reliance on multifamily, while rent levels remain generally manageable, supporting retention.
Built in 1973, the property may benefit from value-add upgrades to compete with newer inventory. According to CRE market data from WDSuite, neighborhood-level rent and amenity access are supportive, though investors should underwrite for below-average school ratings, limited pharmacy/childcare density, and safety metrics that trail stronger Houston submarkets.
- Renter-occupied share above metro norms supports a deeper tenant base and stable leasing.
- Employment proximity (energy and corporate services) underpins demand and commute convenience.
- Elevated ownership costs relative to incomes reinforce multifamily reliance and potential pricing power.
- 1973 vintage offers value-add potential via targeted renovations and system upgrades.
- Risks: below-average school ratings, limited pharmacy/childcare density, and safety metrics below stronger Houston submarkets.