| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 60th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5555 W Gulf Bank Rd, Houston, TX, 77088, US |
| Region / Metro | Houston |
| Year of Construction | 1981 |
| Units | 98 |
| Transaction Date | 2004-12-02 |
| Transaction Price | $1,733,334 |
| Buyer | FREMONT PARKLANE LLC |
| Seller | TEXAS PARKLANE PARTNERSHIP |
5555 W Gulf Bank Rd Houston Multifamily Value-Add
Positioned for durable renter demand with workforce connectivity and manageable rent-to-income dynamics, according to WDSuite’s CRE market data. Performance will hinge on operational execution and selective capital upgrades to compete locally.
This suburban Houston location offers practical access to employment corridors while remaining largely auto-oriented, with limited in-neighborhood retail and services. Neighborhood occupancy is stable with a modest upward trend, indicating steady renter demand rather than a lease-up story. Median asking rents in the neighborhood sit above national medians, supporting revenue potential if units are competitively positioned.
Neighborhood school quality is a relative strength, rating at the top of national comparisons, which can aid retention for family renters. Amenity density within the neighborhood is sparse, so residents typically rely on nearby commercial nodes for daily needs; investors should underwrite for car-dependent living and highlight on-site conveniences where feasible.
Tenure patterns show a lower renter concentration within the immediate neighborhood, while the surrounding 3-mile radius reflects a renter share closer to the mid-40% range, indicating a broader tenant pool for multifamily. Within a 3-mile radius, recent population and household increases are modest, with projections calling for additional household growth by 2028; this points to a gradually expanding renter base and supports occupancy stability.
Home values in the neighborhood are moderate for the Houston metro, which can create some competition from ownership alternatives. From an investor standpoint, this dynamic argues for a focus on value, livability, and maintenance responsiveness to support lease retention and pricing power. For deeper commercial real estate analysis, these neighborhood metrics are measured for the neighborhood and not the property and are corroborated by WDSuite’s data coverage.
Safety indicators for the neighborhood trend below national benchmarks, with crime metrics in lower national percentiles and a rank positioned in the lower tier among 1,491 Houston metro neighborhoods. This suggests investors should plan for thoughtful property-level security measures and active management to support resident comfort and retention.
While conditions can vary by block and improve with targeted operations, underwriting should reflect the comparative context rather than assume rapid normalization. Monitoring recent trend lines and coordinating with local resources can help maintain stability without over-relying on optimistic assumptions.
Nearby corporate offices underpin a diverse employment base that supports renter demand and commute convenience for residents, including Emerson Process Management, ExxonMobil’s Brookhollow Campus, Enterprise Products, CenterPoint Energy, and Wells Fargo Advisors.
- Emerson Process Management — industrial automation (4.8 miles)
- ExxonMobil - Brookhollow Campus — energy offices (5.2 miles)
- Enterprise Products — midstream energy (5.3 miles)
- Centerpoint Energy — utilities (5.9 miles)
- Wells Fargo Advisors — financial services (7.6 miles)
Built in 1981, the property presents classic value-add potential: interiors and systems may benefit from targeted modernization to strengthen competitiveness versus newer stock while preserving an attainable rent profile. Neighborhood rents sit above national medians and occupancy has trended up, which, according to CRE market data from WDSuite, supports an income-focused strategy centered on retention and operational efficiency rather than outsized rent growth.
Within a 3-mile radius, population and households have inched higher and are projected to expand further by 2028, broadening the tenant base and supporting steady lease-up velocity. Proximity to major employers enhances day-to-day demand, while moderate local home values imply some competition from ownership alternatives—an underwriting consideration that favors emphasizing on-site value, maintenance responsiveness, and security.
- 1981 vintage supports a targeted value-add plan to elevate finishes, curb appeal, and durability
- Stable neighborhood occupancy with upward trend supports income durability
- Expanding 3-mile tenant base and access to large employers aid leasing and retention
- Moderate ownership costs nearby require a value-forward positioning to sustain pricing power
- Risk: below-average neighborhood safety and sparse amenities call for active management and security planning