| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 28th | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5350 W Gulf Bank Rd, Houston, TX, 77088, US |
| Region / Metro | Houston |
| Year of Construction | 1981 |
| Units | 119 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5350 W Gulf Bank Rd Houston Multifamily Investment Opportunity
Neighborhood metrics point to a deep renter pool and steady occupancy, according to WDSuite’s CRE market data, with renter-occupied housing concentration well above national norms and occupancy holding near local averages. Investors should view this as a workforce housing location where demand is supported by proximity to jobs and accessible price points.
Situated in Houston’s inner suburbs, the neighborhood rates C and is above the metro median on several convenience measures while remaining value-oriented nationally. Grocery access is competitive among Houston neighborhoods (and strong versus national peers), and cafés/restaurants score in the top quartile nationally, supporting day-to-day livability for residents and leasing appeal.
Public parks and pharmacies are limited within the neighborhood boundaries, which places a premium on property-level amenities and nearby private services. Average school ratings trend slightly above national norms (around the 60th percentile), which can aid retention for family renters.
Renter-occupied housing accounts for a high share of units locally (top decile nationally), indicating a sizable tenant base and depth for multifamily demand. Neighborhood occupancy is near 90%, roughly around the metro middle, which generally supports income stability with disciplined lease management.
The asset’s 1981 vintage is slightly older than the neighborhood’s average construction year (early 1980s). That positioning often supports a focused value-add plan—modernizing interiors, improving energy systems, and refreshing common areas—to stay competitive with comparable stock while managing capital expenditures efficiently.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth with further expansion projected over the next five years. Forecasts point to more households and slightly smaller average household sizes, suggesting a larger renter pool and steady demand for multifamily units rather than an outsized need for larger floorplans.
Home values in the surrounding neighborhood sit on the lower end nationally, which can introduce some competition from ownership options. However, rent-to-income levels indicate manageable affordability pressure for renters, supporting lease retention and measured pricing power for well-maintained communities.
Safety outcomes in this neighborhood track below national averages, with the area comparing closer to the middle of the pack within the Houston metro (crime rank 790 among 1,491 metro neighborhoods). Nationally, both violent and property offense measures sit in lower percentiles, signaling comparatively higher incident rates than many U.S. neighborhoods.
Recent trends are mixed: estimated property offenses declined over the past year, which is a constructive signal for operators, while violent offense estimates moved higher. For investors, this underscores the importance of well-executed security, lighting, and community engagement programs to support resident satisfaction and retention.
The location draws from a diversified employment base in energy, utilities, industrial automation, and financial services—supporting workforce housing demand and commute convenience for residents. Nearby employers include Emerson Process Management, ExxonMobil’s Brookhollow offices, Enterprise Products, CenterPoint Energy, and Wells Fargo Advisors.
- Emerson Process Management — industrial automation (5.1 miles)
- ExxonMobil - Brookhollow Campus — energy offices (5.2 miles)
- Enterprise Products — midstream energy (5.5 miles)
- Centerpoint Energy — utilities (6.1 miles)
- Wells Fargo Advisors — financial services (7.8 miles)
This 119-unit, 1981-vintage community sits in a renter-heavy neighborhood with occupancy near metro norms and accessible renter price points. Based on CRE market data from WDSuite, the area shows strong renter concentration, everyday retail access (notably groceries and dining), and a growing 3-mile household base—signals that support ongoing tenant demand and leasing velocity. The vintage suggests value-add potential through targeted interior upgrades and common-area enhancements to sharpen competitiveness against early-1980s peers.
Affordability indicators (including rent-to-income levels) point to manageable pressure for residents, which can aid retention and steady collections. While lower neighborhood home values can create some competition with ownership, projected growth in nearby households and stable workforce employment nodes should continue to underpin multifamily demand, provided operators maintain prudent expense control and active management.
- Renter-heavy neighborhood and near-metro occupancy support income stability
- 3-mile population and household growth expand the local renter pool
- 1981 vintage offers value-add levers via targeted renovations and systems upgrades
- Everyday retail access (groceries/dining) strengthens leasing appeal
- Risk: below-average national safety metrics require proactive security and resident engagement