| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 17th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7100 Renwick Dr, Houston, TX, 77081, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 120 |
| Transaction Date | 2014-01-23 |
| Transaction Price | $1,000,000 |
| Buyer | TRIANGLE STATE PROPERTY INC |
| Seller | TRIANGLE ESTATES INC |
7100 Renwick Dr Houston Multifamily near Galleria Employers
Neighborhood renter concentration is high and amenity access is strong, supporting everyday demand for smaller units; according to WDSuite’s CRE market data, elevated home values in the area further sustain reliance on rentals.
Competitive among Houston-The Woodlands-Sugar Land neighborhoods (ranked 392 out of 1,491), this Urban Core location combines a deep renter base with dense daily conveniences. Cafes, restaurants, groceries, and pharmacies score in high national percentiles, indicating walkable access to essentials that can aid leasing and retention for multifamily assets.
Construction year for the property is 1972, slightly older than the neighborhood’s average vintage (ranked 1,159 out of 1,491 metro neighborhoods). For investors, that typically points to capital planning and value-add potential—system upgrades and targeted renovations can improve competitive positioning versus newer stock while maintaining cost discipline.
Renter-occupied housing represents a very large share of neighborhood units (ranked 66 out of 1,491, top tier nationally), which signals depth in the tenant pool and supports occupancy stability over time. At the same time, the neighborhood occupancy rate is below the national median, suggesting operators should prioritize marketing and renewal strategies to maintain steady absorption.
Within a 3-mile radius, demographics indicate modest recent population growth and an increase in households alongside a trend toward smaller household sizes. This pattern expands the renter pool and can be favorable for compact floor plans like studios and efficiencies, supporting consistent demand for 120 units averaging roughly 323 square feet.
Ownership costs in the surrounding neighborhood are elevated (high national percentiles for home values and value-to-income), which generally sustains rental demand and can bolster pricing power, provided operators manage rent-to-income affordability pressures and watch lease management metrics closely.
Safety metrics for the neighborhood trend below metro averages and are in the lower national percentiles, indicating higher incident rates relative to many U.S. neighborhoods. Investors should underwrite active property management, lighting and access controls, and community partnerships to support resident experience and retention.
Interpreting the comparative data: crime ranks near the lower end among 1,491 Houston metro neighborhoods and falls in the bottom decile nationally for several measures. While conditions can vary block to block, the directional takeaway is to budget for security-forward operations and to monitor trends as part of ongoing asset management.
Proximity to major corporate offices helps support a steady renter base, with convenient commutes to energy and professional services employers such as Quanta Services, Apache, Occidental, Prudential, and National Oilwell Varco.
- Quanta Services — engineering & construction (2.7 miles) — HQ
- Apache — energy (3.2 miles) — HQ
- Occidental — energy (3.7 miles)
- Prudential — financial services (4.1 miles)
- National Oilwell Varco — energy equipment (4.2 miles) — HQ
7100 Renwick Dr offers workforce-oriented positioning supported by a very high share of renter-occupied housing in the neighborhood and dense amenity access that benefits day-to-day living. The 1972 vintage suggests scope for value-add through systems modernization and unit refreshes, which can enhance competitiveness versus newer properties. According to CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, reinforcing rental reliance and helping sustain demand, while operators should plan around neighborhood occupancy that trails national medians.
Within a 3-mile radius, households are growing and trending smaller, which aligns with compact unit formats and can deepen the tenant base over time. Access to nearby energy and corporate employers further supports leasing durability, though investors should underwrite for security-forward operations and acknowledge lower-rated schools as a potential leasing headwind for family renters.
- Dense amenities and major employers nearby underpin everyday demand
- Strong renter concentration signals depth of tenant base and renewal potential
- 1972 vintage supports value-add strategy through targeted renovations and system upgrades
- Elevated ownership costs reinforce rental reliance and potential pricing power
- Risks: below-median neighborhood occupancy, safety metrics in low national percentiles, and lower-rated schools