| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 30th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7015 Woodsman Trl, Houston, TX, 77040, US |
| Region / Metro | Houston |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | 2024-03-06 |
| Transaction Price | $4,861,150 |
| Buyer | ROSSLYN HEIGHTS LLC |
| Seller | CENTENNIAL-LONESTAR PROPERTIES LLC |
7015 Woodsman Trl Houston Multifamily Investment
Neighborhood occupancy trends point to steady leasing fundamentals and cash flow durability in this inner-suburban pocket of Houston, according to WDSuite’s CRE market data. Metrics cited are for the surrounding neighborhood, not the property.
This Inner Suburb location balances access to employment corridors with everyday conveniences. Restaurant density ranks in the low- to mid-70s nationally, and grocery access trends similarly, indicating practical amenity coverage even as cafes, parks, and pharmacies are thinner nearby. Average school ratings land modestly above national norms, which can support family-oriented renter demand.
Rents in the neighborhood benchmark above national medians (upper-third nationally), a signal of healthy demand. At the same time, the neighborhood’s occupancy rate is competitive relative to U.S. peers, reinforcing leasing stability through cycles based on CRE market data from WDSuite. For investors, this combination suggests pricing power can coexist with sustained absorption, provided asset quality aligns with renter expectations.
The typical construction vintage in the area is early 1980s, and this property’s 1985 vintage is slightly newer than the neighborhood average. That positioning can offer a competitive edge versus older stock, though capital planning should still account for modernization of building systems and common areas to meet today’s renter standards.
Within a 3-mile radius, demographics point to a growing renter base: population and household counts have increased in recent years, with additional household growth projected, implying a larger tenant pool and support for occupancy. Around half of housing units within this radius are renter-occupied, indicating depth for multifamily leasing without overreliance on a narrow tenant segment. Home values are relatively accessible in a regional context, which can introduce some competition from ownership options; operators may emphasize community, convenience, and unit finishes to sustain retention.
Safety indicators for the neighborhood trend below national benchmarks, with both property and violent offense measures weaker than typical U.S. neighborhoods. Recent year-over-year changes also reflect upward movement. For underwriting, investors often incorporate enhanced lighting, access controls, and resident engagement to support on-site safety perception and retention. These signals are measured at the neighborhood level (among 1,491 Houston metro neighborhoods) and do not represent property-specific conditions.
- Emerson Process Management — industrial automation (3.5 miles)
- Enterprise Products — midstream energy (3.9 miles)
- CenterPoint Energy — electric & gas utility offices (4.9 miles)
- ExxonMobil — Brookhollow Campus — energy offices (5.8 miles)
- Group 1 Automotive — auto retail corporate (8.0 miles) — HQ
Proximity to diversified employers supports workforce housing demand and commute convenience, notably in energy, utilities, and industrial technology—drivers that can stabilize leasing and renewals.
7015 Woodsman Trl offers a 60-unit footprint in an inner-suburban Houston neighborhood where occupancy is comparatively strong and restaurant/grocery access is adequate even if certain amenities are sparse. According to CRE market data from WDSuite, neighborhood rents sit above national norms while occupancy remains resilient—conditions that can support revenue consistency when paired with attentive operations and renewal strategy.
The 1985 vintage is slightly newer than the neighborhood’s early-1980s baseline, positioning the asset to compete against older stock. Within a 3-mile radius, population and households have grown and are projected to expand further, implying a larger tenant base and support for occupancy over the medium term. Ownership costs are relatively accessible locally, so thoughtful unit upgrades, service quality, and community features may be important to mitigate competition from entry-level homeownership.
- Occupancy strength in the neighborhood supports stable leasing and renewal potential.
- Above-national rent positioning indicates durable renter demand with measured pricing power.
- 1985 vintage provides a slight competitive edge versus older stock with scope for targeted modernization.
- Growing 3-mile household base expands the tenant pool and supports occupancy.
- Risks: neighborhood safety metrics lag national norms and amenity gaps (parks/cafes) may require enhanced on-site offerings and security measures.