| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 78th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1751 Moritz Dr, Houston, TX, 77055, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | 2011-04-28 |
| Transaction Price | $975,000 |
| Buyer | POINT MORITZ APARTMENTS LLC |
| Seller | JARA CARLOS E |
1751 Moritz Dr Houston Multifamily Value-Add
Neighborhood fundamentals suggest durable renter demand and pricing power, with elevated ownership costs and strong schools supporting occupancy stability at the neighborhood level, according to WDSuite’s CRE market data.
Located in Houston’s inner suburb of Spring Branch West, the neighborhood scores A- and ranks 241st out of 1,491 metro neighborhoods, placing it above the metro median. For investors, that translates to solid location fundamentals and a resident base supportive of stabilized operations rather than heavy lease-up risk.
Daily needs are well covered: grocery and pharmacy access sit in the upper tier nationally (roughly upper-80s percentiles), and restaurants are similarly strong. However, parks, cafes, and childcare centers are sparse, which can limit certain lifestyle appeal. School quality is a standout, with average ratings in the top percentile nationally — a differentiator for family renters and lease retention.
Rents in the immediate area track near the mid-$1,100s, and the neighborhood’s rent-to-income ratio is around 0.10, indicating manageable affordability pressure that can support retention. Median home values rank in the 92nd percentile nationally, signaling a high-cost ownership market that tends to reinforce reliance on multifamily rentals and supports pricing power over time.
Within a 3-mile radius, demographics show a near-even tenure split (about half of housing units are renter-occupied), providing depth to the tenant base. Looking ahead, WDSuite’s data indicates forecast population growth of roughly 15% and a ~40% increase in households over five years, expanding the renter pool and supporting occupancy stability and absorption. Neighborhood occupancy is measured at the neighborhood level, not the property, and trends have held in a broadly stable range.
Safety conditions are comparatively weaker than many parts of the metro: the neighborhood ranks in the lower tier (1,131 out of 1,491 Houston-area neighborhoods). Nationally, safety indicators place this area below most neighborhoods, reflecting elevated rates for both property and violent offenses relative to U.S. benchmarks.
For underwriting, investors often account for this with pragmatic measures such as security enhancements, lighting, and resident engagement, as well as closer attention to loss trends. Monitoring neighborhood-level trends over time is advisable to understand whether conditions are stabilizing or in flux.
The area draws from a diverse white-collar employment base within a short drive, supporting renter demand and commute convenience. Notable nearby employers include Wells Fargo Advisors, ExxonMobil’s Brookhollow campus, Group 1 Automotive, Prudential, and Apache.
- Wells Fargo Advisors — financial services (2.1 miles)
- ExxonMobil - Brookhollow Campus — energy offices (2.7 miles)
- Group 1 Automotive — automotive retail HQ (3.3 miles) — HQ
- Prudential — financial services (4.1 miles)
- Apache — energy HQ (4.5 miles) — HQ
The 64-unit asset, built in 1972, offers classic value-add potential. Vintage implies the need for targeted capital planning (systems, interiors, curb appeal), while the location’s above-median neighborhood ranking and strong school performance support long-term renter demand and leasing durability. Elevated ownership costs in the area further reinforce reliance on multifamily rentals, aiding pricing power and lease retention.
Within a 3-mile radius, a roughly half renter-occupied share and WDSuite-validated population and household growth projections point to a larger future tenant base. Neighborhood rents track near the low-$1,200 range with a rent-to-income ratio around 0.10, which, based on commercial real estate analysis from WDSuite, suggests manageable affordability pressure that can support occupancy stability and rent trade-outs as renovations progress.
- 1972 vintage supports a clear value-add plan tied to systems and interior upgrades
- Above-median Houston neighborhood with top-tier schools aids demand depth and retention
- High-cost ownership market reinforces renter reliance and pricing power
- 3-mile forecasts indicate renter pool expansion, supporting occupancy and absorption
- Risk: weaker safety metrics warrant security investment and vigilant loss management