| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 64th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6305 Tierwester St, Houston, TX, 77021, US |
| Region / Metro | Houston |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6305 Tierwester St Houston 20-Unit Multifamily Investment
Positioned near a cluster of Downtown energy employers, the neighborhood supports steady renter interest; according to WDSuite’s CRE market data, rent levels relative to incomes suggest room for lease retention while targeted upgrades can sharpen competitiveness.
The property sits in an Inner Suburb of Houston with a B- neighborhood rating and performance that is above the metro median (ranked 740 out of 1,491 Houston neighborhoods). For investors, this points to balanced fundamentals without relying on premium urban pricing.
Everyday amenities are mixed. Restaurants register in the top quartile nationally, and grocery access is also top quartile, supporting convenience for residents. By contrast, the neighborhood shows limited density of cafes, parks, and pharmacies, so on-site community features can be a differentiator in marketing and retention.
Within a 3-mile radius, the housing stock is predominantly renter-occupied, indicating a deep tenant base for smaller multifamily assets. A modest rent-to-income profile at the neighborhood level reinforces potential pricing power with disciplined lease management, while avoiding resident affordability pressure that can elevate turnover.
Neighborhood occupancy is below metro norms and in the bottom decile nationally, so investors should plan for active leasing and renewal strategies. School ratings trend below national averages, which may tilt renter appeal toward workforce and student-adjacent households rather than families seeking top-rated schools.
Demographic indicators aggregated within a 3-mile radius show population and household growth over the past five years, with WDSuite pointing to further increases ahead. A rising household count alongside smaller average household size expands the potential renter pool for studios and one-bedrooms, supporting demand for efficiently sized units.
Built in 1973, the asset is somewhat newer than the neighborhood’s average vintage (1962). That relative edge can support competitiveness against older stock, though investors should still underwrite modernization of building systems and common areas to position for durable tenancy.
Home values and incomes in the neighborhood test above national medians, creating a higher-cost ownership market. In this context, multifamily units can sustain renter reliance, supporting lease retention and measured rent growth when paired with quality management.
Safety metrics for the neighborhood trend weaker than the metro average, with a crime ranking of 1,054 out of 1,491 Houston neighborhoods. Compared with neighborhoods nationwide, the overall safety profile sits well below the national median.
Violent and property offense indicators are in low national percentiles, signaling elevated risk relative to U.S. neighborhoods. Recent WDSuite estimates also indicate year-over-year increases in both violent and property offenses in the area. Investors commonly address these conditions through enhanced lighting, access control, and partnerships with local law enforcement to support resident comfort and retention.
A dense cluster of energy and utilities headquarters within about four miles anchors a large white-collar workforce, supporting renter demand through short commutes and talent mobility. The employers below represent the nearest anchors most relevant to leasing and retention.
- Waste Management — environmental services (3.7 miles) — HQ
- Centerpoint Energy — utilities (3.8 miles) — HQ
- Enterprise Products Partners — midstream energy (3.8 miles) — HQ
- Kinder Morgan — pipelines & terminals (3.8 miles) — HQ
- Plains GP Holdings — midstream energy (3.8 miles) — HQ
6305 Tierwester St offers a 20-unit, efficiently sized unit mix near Downtown Houston’s energy corridor. Based on CRE market data from WDSuite, the surrounding neighborhood shows strong renter orientation and amenity convenience in restaurants and groceries, with a rent-to-income profile that supports measured pricing while maintaining retention. Built in 1973, the property is newer than much of the nearby housing stock, creating an opportunity to outperform older assets with targeted renovations.
Key considerations include below-average neighborhood occupancy and a weaker safety profile, which call for proactive leasing, security investments, and hands-on property management. Offsetting factors include proximity to multiple corporate headquarters, a growing 3-mile renter pool, and ownership costs that reinforce multifamily demand.
- Workforce demand supported by nearby energy and utilities headquarters cluster
- Renter-occupied housing concentration and manageable rent-to-income support retention
- 1973 vintage allows value-add upgrades to compete against older neighborhood stock
- Restaurant and grocery access provides daily convenience for residents
- Risks: below-median neighborhood occupancy and weaker safety metrics require active management