| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 39th | Fair |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4515 Oxford St, Houston, TX, 77022, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 2017-09-18 |
| Transaction Price | $1,050,000 |
| Buyer | MBDM LLC |
| Seller | OXFORD ATRIUM LP |
4515 Oxford St Houston 25-Unit Multifamily Investment
Neighborhood-level data point to a higher renter-occupied share and mid-market rents that can support steady leasing, according to WDSuite’s CRE market data. Focus on tenant retention and targeted upgrades to translate the area’s renter demand into stable property performance.
4515 Oxford St sits in an Inner Suburb pocket of Houston where the neighborhood ranks 1,296 out of 1,491 metro neighborhoods overall (C-), indicating mixed fundamentals compared with the broader region. Parks access is a relative bright spot — park density is in the top quartile nationally — while everyday amenities like cafes, groceries, and pharmacies are limited locally, suggesting residents rely on adjacent neighborhoods for services.
For renters, the neighborhood’s renter-occupied share is above national norms (76th percentile), which signals a deeper tenant base and consistent multifamily demand. At the same time, neighborhood occupancy is below the metro median, so owners should plan for active leasing and renewal management to sustain performance.
The asset’s 1972 construction is newer than the neighborhood’s average vintage (1962). That relative age positioning can be competitive versus older local stock, though investors should anticipate modernization and system updates typical of 1970s buildings to enhance leasing and operational efficiency.
Within a 3-mile radius, demographics show a stable population with growth in households and families, and projections indicate further household expansion over the next five years. This points to a larger tenant base and supports occupancy stability for well-managed properties. Median home values in the neighborhood are lower than national norms, which can mean some competition from entry-level ownership; however, it also helps sustain rental demand among households prioritizing flexibility and more accessible monthly payments.
Schools in the neighborhood rate below national averages, which may matter for family-oriented renters, but nearby employment access and park availability help underpin day-to-day livability. Investors should calibrate unit mix, finishes, and amenities toward workforce renters who value commute convenience and functional upgrades.
Safety indicators for the neighborhood are below both metro and national averages based on ranks and percentiles. With a crime rank of 986 out of 1,491 metro neighborhoods and national safety percentiles in the lower range, investors should underwrite prudent security measures (lighting, access control, and site visibility) and emphasize resident engagement to support retention.
Trend-wise, conditions can vary block to block across Houston’s Inner Suburbs, so it is prudent to evaluate recent, property-level incident trends and coordinate with local resources. Positioning the asset with clear house rules and visible management presence typically helps stabilize operations in submarkets with similar comparative safety profiles.
Nearby energy and power companies provide a substantial employment base that supports renter demand and leasing stability for workforce-oriented units. The list below highlights major employers within a commutable radius that align with the area’s tenant pool.
- ExxonMobil - Brookhollow Campus — energy offices (3.9 miles)
- Baker Hughes — oilfield services (4.8 miles) — HQ
- Calpine — power generation (5.1 miles) — HQ
- Eog Resources — exploration & production (5.2 miles) — HQ
- NRG Energy — power & retail energy (5.2 miles)
This 25-unit, 1972 vintage asset offers a value-oriented entry point in an Inner Suburb location with a higher-than-average renter concentration and proximity to major employers. According to CRE market data from WDSuite, neighborhood rents sit near the national midpoint while occupancy trails metro medians, pointing to a straightforward playbook: selective renovations, strong marketing, and renewal-focused operations to convert demand into durable cash flow.
Households within a 3-mile radius are expanding and projected to grow further, supporting a larger tenant pool over time. The property’s slightly newer vintage than the area’s average older stock can compete on condition once core systems and finishes are refreshed. Lower neighborhood home values can create some competition from ownership, but they also sustain steady rental reliance for households prioritizing flexibility and monthly payment manageability.
- Higher renter-occupied share supports depth of tenant demand and renewal potential.
- 1972 vintage offers value-add upside through modernization of interiors and building systems.
- Proximity to major energy and power employers underpins leasing and retention.
- Household growth within 3 miles expands the renter pool, supporting occupancy stability.
- Risks: below-metro safety metrics and amenity gaps require active management, security investment, and targeted leasing to maintain performance.