| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 78th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1541 Moritz Dr, Houston, TX, 77055, US |
| Region / Metro | Houston |
| Year of Construction | 1976 |
| Units | 56 |
| Transaction Date | 2021-06-30 |
| Transaction Price | $5,092,400 |
| Buyer | 1541 MORITZ LP |
| Seller | FIVE ARROW OAKS LP |
1541 Moritz Dr Houston Multifamily Investment Opportunity
Neighborhood fundamentals point to steady renter demand and pricing resilience amid a high-cost ownership market, according to WDSuite’s CRE market data. The submarket’s occupancy sits near metro norms while income depth and proximity to major employers support leasing stability.
This Inner Suburb location is rated A- and ranks in the top quartile among 1,491 metro neighborhoods, signaling competitive fundamentals for multifamily. Neighborhood occupancy is around the mid-90s and near national mid-range, suggesting generally stable lease-up and retention conditions without relying on outsized concessions.
Daily-needs access is a relative strength: grocery and pharmacy availability track in the upper national percentiles, while restaurants are also well represented. By contrast, parks, cafes, and childcare options are comparatively limited, which may modestly influence lifestyle positioning but does not typically impair workforce-oriented demand.
Within a 3-mile radius, households have grown modestly over the past five years while overall population edged lower, implying smaller average household sizes and demographic shifts that can support rental demand. Looking forward, WDSuite data points to a larger tenant base with projected population and household growth over the next five years, which should reinforce occupancy stability for well-managed assets.
Tenure patterns within 3 miles show a roughly even split, with about half of housing units renter-occupied, indicating a deep renter pool and broad demand for multifamily. Elevated home values locally create a high-cost ownership market, which tends to sustain renter reliance on apartments and supports pricing power, especially where management balances lease renewals with affordability. Median contract rents in the area have risen and are projected to grow further, yet rent-to-income levels remain manageable by national standards, a constructive backdrop for retention.
Vintage considerations: the property’s 1976 construction is somewhat newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, though investors should plan for targeted system updates and selective renovations to maintain curb appeal and reduce long-term capital surprises.
Safety indicators for the immediate neighborhood trend weaker than the metro median and sit in the lower decile nationally, based on WDSuite’s comparative benchmarks. In practical terms, investors should underwrite with conservative assumptions and consider proven measures—visible security protocols, lighting, and resident quality standards—to support resident confidence and retention.
Crime conditions can vary by block and over time; recent WDSuite readings show year-over-year increases in both property and violent offense estimates for the neighborhood. Monitoring updated data, coordinating with local resources, and aligning operating practices accordingly can help mitigate volatility and protect NOI.
Proximity to diversified corporate employment underpins renter demand and commute convenience for residents, including financial services and energy offices as well as several headquarters. Nearby employers include Wells Fargo Advisors, ExxonMobil’s Brookhollow Campus, Group 1 Automotive, Prudential, and Apache.
- Wells Fargo Advisors — financial services (1.98 miles)
- ExxonMobil - Brookhollow Campus — energy offices (2.71 miles)
- Group 1 Automotive — auto retail corporate (3.16 miles) — HQ
- Prudential — financial services (3.90 miles)
- Apache — energy (4.27 miles) — HQ
1541 Moritz Dr offers investors a 56-unit, 1976-vintage asset in a top-quartile Inner Suburb of the Houston MSA. The neighborhood posts occupancy near metro norms with strong grocery/pharmacy access and robust restaurant density, supporting day-to-day livability for renters. High home values in the area shape a high-cost ownership market, which typically sustains multifamily demand and improves renewal leverage when paired with disciplined lease management. Within a 3-mile radius, tenure is roughly balanced between renters and owners, providing a deep tenant base; forward-looking WDSuite projections indicate population and household expansion, which can reinforce leasing velocity.
The 1976 vintage is somewhat newer than the neighborhood average, offering relative competitiveness versus older stock, though investors should plan for targeted system, facade, and common-area upgrades to maintain performance. According to CRE market data from WDSuite, rent-to-income levels remain manageable locally, suggesting room for thoughtful rent optimization while monitoring safety metrics that currently trend below metro averages.
- Top-quartile neighborhood among 1,491 metro peers with daily-needs access that supports renter convenience
- High-cost ownership market reinforces rental demand and renewal retention potential
- 3-mile area shows a deep renter pool today with WDSuite forecasts pointing to growth in population and households
- 1976 vintage is competitive versus older stock; targeted capex can enhance curb appeal and reliability
- Risks: safety metrics below metro median and limited parks/cafes; underwrite for security investments and demand positioning