| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 71st | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5116 Alba Rd, Houston, TX, 77018, US |
| Region / Metro | Houston |
| Year of Construction | 1978 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5116 Alba Rd Houston Multifamily Investment
Positioned in an inner-suburban pocket of Houston with steady neighborhood occupancy and rising household incomes, this asset caters to renter demand supported by a strong employment base. Based on WDSuite s commercial real estate analysis, the area s fundamentals point to durable leasing with room for value-add execution.
The property sits in an Inner Suburb neighborhood rated A and ranked 127 out of 1,491 metro neighborhoods, signaling competitive location quality within Houston. Neighborhood occupancy is roughly middle of the pack among 1,491 metro neighborhoods at 92.2%, and renter-occupied housing sits near one-third of units, indicating a defined but not saturated tenant base for multifamily operators.
Amenities that matter for daily living are comparatively strong: grocery and childcare densities rank well within the metro and place in high national percentiles, while cafes and restaurants are also above average nationally. Park and pharmacy access are limited within the neighborhood, so many residents rely on nearby districts for recreation and services something to weigh in marketing and retention strategies.
Home values in the neighborhood are elevated relative to many U.S. areas, which tends to reinforce renter reliance on multifamily housing and can support pricing power when managed carefully. Rent-to-income is favorable at the neighborhood level, suggesting lower affordability pressure and potential for steadier lease retention. According to WDSuite s multifamily property research, NOI per unit performance for the neighborhood ranks well within the metro, underscoring operational potential when expenses and capital plans are disciplined.
Demographic statistics aggregated within a 3-mile radius show modest recent population growth and a larger increase in households, with forecasts indicating further population and household expansion over the next five years. Smaller average household sizes are expected, which can expand the renter pool for studios and one-bedroom product and support occupancy stability for compact units.
Safety levels in this neighborhood track below national norms: crime sits in lower national percentiles and ranks in the less favorable half among 1,491 Houston-area neighborhoods. In practical terms, investors should plan for routine safety-forward property operations and lighting, along with strong resident communication.
Recent year-over-year data from WDSuite indicates an uptick in both property and violent offenses at the neighborhood level. While conditions vary block-to-block, comparative positioning versus the metro suggests that proactive security measures and partnerships with local authorities can be important components of leasing and retention strategy.
Nearby energy and corporate offices provide a large commuter base that supports renter demand and lease stability, led by ExxonMobil s Brookhollow presence and several downtown headquarters including Baker Hughes, EOG Resources, and Calpine.
- ExxonMobil Brookhollow Campus energy offices (2.95 miles)
- Baker Hughes oilfield services (5.62 miles) HQ
- Prudential insurance (6.17 miles)
- Eog Resources exploration & production (6.34 miles) HQ
- Calpine power generation (6.36 miles) HQ
This 64-unit property offers exposure to an Inner Suburb Houston neighborhood with competitive location quality, steady neighborhood occupancy, and a strong employment base. Built in 1978, the asset is slightly older than much of today s stock, creating value-add and capital planning opportunities to modernize interiors and common areas while leveraging compact average unit sizes (about 420 sf) that align with a forecast shift toward smaller households in the 3-mile radius.
According to CRE market data from WDSuite, the neighborhood shows favorable rent-to-income dynamics and strong grocery/childcare amenity access, while elevated local home values support sustained renter demand. Demographic data aggregated within a 3-mile radius indicates population growth and a meaningful increase in households through 2028, expanding the tenant base and supporting occupancy stability if operations are disciplined.
- Competitive Inner Suburb location with steady neighborhood occupancy and rising household incomes
- 1978 vintage presents value-add potential and systems modernization upside
- Elevated home values reinforce renter reliance on multifamily; favorable rent-to-income supports retention
- 3-mile demographics point to population and household growth, benefiting leasing velocity
- Risks: below-average safety metrics and limited nearby parks/pharmacies necessitate proactive operations and resident engagement