| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 39th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22910 Imperial Valley Dr, Houston, TX, 77073, US |
| Region / Metro | Houston |
| Year of Construction | 1982 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | $26,411,800 |
| Buyer | KEENER SPRING LLC |
| Seller | MIRA BELLA AND SAN MARTIN APARTMENTS |
22910 Imperial Valley Dr Houston Multifamily Investment
Neighborhood occupancy near 90% and a high renter concentration point to steady tenant demand, based on CRE market data from WDSuite.
This inner-suburban Houston location serves workforce renters with everyday conveniences and access to jobs across North Houston. Neighborhood median asking rents sit around the middle of the national distribution (53rd percentile), while the broader area offers competitive restaurant availability (70th percentile nationally) and solid grocery access (75th percentile), according to WDSuite’s CRE market data.
Renter-occupied share is 50.7% of housing units in the neighborhood (89th percentile nationally), indicating a deep tenant base and consistent multifamily demand relative to many U.S. locations. Neighborhood occupancy is around 90% and trends slightly below the national average, suggesting room for operational execution to support stabilization and retention.
Within a 3-mile radius, recent population and household growth signal a larger tenant base ahead, with further expansion expected over the next several years. Rising household incomes in the 3-mile area alongside projected rent gains support the case for durable leasing, while the neighborhood’s value-to-income ratio (81st percentile nationally) indicates a comparatively high-cost ownership market that can sustain renter reliance on multifamily housing.
Amenity depth is mixed: restaurants and groceries are accessible by Houston standards, but cafes, parks, and pharmacies are limited within the immediate neighborhood (ranks measured against 1,491 metro neighborhoods). For investors, this underscores a resident profile that prioritizes value, commute efficiency, and essential retail over lifestyle retail density.
Safety outcomes are mixed in a metro context. The neighborhood sits below the metro median on safety (ranked 467 out of 1,491 Houston neighborhoods), trending roughly mid-pack nationally for property crime and below average for violent crime, per WDSuite’s CRE data. Property offenses have declined year over year, while violent incidents increased over the same period. Investors should underwrite with conservative assumptions around security measures and retention management.
Proximity to North Houston’s energy and corporate services hub supports renter demand and commute convenience. Key nearby employers include Halliburton, McKesson Specialty Health, CenterPoint Energy, Anadarko Petroleum, and Hewlett Packard Enterprise offices.
- Halliburton — energy services (7.9 miles) — HQ
- McKesson Specialty Health — healthcare distribution (9.2 miles)
- CenterPoint Energy — utilities (9.2 miles)
- Anadarko Petroleum — energy (9.3 miles) — HQ
- Hewlett Packard Enterprise Customer Engagement Center — technology services (10.4 miles)
This 112-unit asset sits in a renter-heavy neighborhood with occupancy near 90%, providing a meaningful tenant base and the potential for stable collections with effective leasing and renewal management. According to CRE market data from WDSuite, neighborhood rents track near the national middle, while a high value-to-income ratio points to a comparatively expensive ownership landscape that can reinforce reliance on multifamily options.
Within a 3-mile radius, recent increases in population and households, alongside projected gains over the next several years, suggest a larger renter pool and support for sustained occupancy. The amenity mix skews toward essentials (restaurants and groceries) over lifestyle retail, aligning with workforce demand patterns; investors should plan for pragmatic on-site features and efficient operations.
- Renter-heavy neighborhood supports a deeper tenant base and leasing stability.
- Occupancy near 90% indicates demand resilience with operational upside.
- Ownership costs are comparatively high locally, sustaining multifamily reliance and pricing power potential.
- 3-mile population and household growth expand the renter pool and support absorption.
- Risks: limited lifestyle amenities in the immediate area and mixed safety trends warrant conservative underwriting and asset management.