| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 18th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6363 Skyline Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6363 Skyline Dr Houston Multifamily Investment Opportunity
Situated in an Urban Core pocket of Houston with a deep renter base, the asset benefits from steady neighborhood occupancy and strong proximity to jobs, according to WDSuite’s CRE market data.
The immediate area functions as an Urban Core renter hub with everyday conveniences close by. Neighborhood amenities test well versus the metro and nation, with grocery and pharmacy access performing in the upper national percentiles, supporting leasing velocity and resident retention for workforce-oriented units.
Amenity access is a relative strength: grocery density sits near the 97th percentile nationally and restaurants are around the 95th percentile, placing this location competitive among Houston-The Woodlands-Sugar Land neighborhoods. Overall neighborhood standing is rated B and ranks 639 out of 1,491 metro neighborhoods, indicating above metro median positioning for daily needs and services that support renter livability.
The property’s 1972 vintage is older than the neighborhood’s average 1979 construction year. For investors, that typically implies targeted capital planning for building systems and an avenue for value-add renovations to sharpen competitiveness against newer stock while preserving cost-effective rents.
Renter-occupied housing has an exceptionally high share locally, signaling depth in the tenant pool and demand stability for multifamily product. Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, which supports a larger tenant base and helps underpin occupancy. Median home values in the neighborhood sit on the lower side for the region, which can introduce some competition from ownership alternatives; however, rent-to-income levels suggest management should balance pricing power with retention-focused strategies.
School ratings in the area trend below national norms, which may matter for certain renter cohorts. Parks are limited within close reach, though the concentration of retail services, grocers, childcare, and cafes offsets some of that gap for day-to-day convenience.
Safety indicators trend weaker than both metro and national benchmarks. The neighborhood’s crime profile ranks 1,114th out of 1,491 Houston metro neighborhoods, placing it below metro average for safety and in the lower national percentiles. Violent and property offense measures also sit on the lower end nationally, and recent year-over-year readings indicate increases. Investors typically account for this with security enhancements, active management, and leasing strategies tailored to local conditions.
Proximity to major corporate offices supports a broad workforce renter base and commute convenience for residents. Nearby employers include energy and financial services anchors listed below, which help sustain leasing demand and retention.
- Quanta Services — energy infrastructure (2.2 miles) — HQ
- Apache — oil & gas (2.3 miles) — HQ
- Prudential — financial services (3.2 miles)
- Occidental — oil & gas (3.9 miles)
- Phillips 66 — energy & refining (4.0 miles) — HQ
6363 Skyline Dr combines Urban Core convenience with a deep renter pool and steady neighborhood occupancy. Based on CRE market data from WDSuite, amenity access—especially grocers, pharmacies, and restaurants—tests well versus national peers, which supports day-to-day livability and leasing. The 1972 vintage suggests value-add and systems upgrades can enhance competitive positioning while maintaining attainable rents to support absorption and retention.
Within a 3-mile radius, population and household growth point to renter pool expansion over time, reinforcing demand for multifamily units. While ownership costs are relatively accessible in the surrounding neighborhood—creating some overlap with entry-level ownership—high renter concentration, strong job proximity, and services density provide counterweights. Key underwriting considerations include below-average school ratings and a weaker safety profile that may necessitate security and operational focus.
- Dense renter base and steady neighborhood occupancy support leasing stability
- Strong daily-needs access (grocers, pharmacies, restaurants) enhances resident retention
- 1972 vintage offers value-add potential through targeted renovations and system upgrades
- 3-mile growth in households and population expands the tenant base over time
- Risks: weaker safety metrics and below-average schools require security and leasing strategy focus