| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 31st | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7310 Sherman St, Houston, TX, 77011, US |
| Region / Metro | Houston |
| Year of Construction | 1996 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7310 Sherman St Houston Multifamily Investment
Positioned near Houston s core employment corridor, this 84-unit asset benefits from a renter-heavy neighborhood and improving occupancy trends, according to WDSuite s CRE market data. The location s everyday conveniences and relative cost positioning support durable workforce renter demand.
Livability favors daily-needs convenience over lifestyle amenities. Neighborhood metrics show strong access to groceries and pharmacies (both competitive nationally), while restaurants rank in the top quartile nationwide. By contrast, parks and cafes are limited, so the immediate area tilts practical rather than destination-oriented, which can support steady, needs-driven tenancy.
The neighborhood s renter concentration is high for the metro (share of housing units that are renter-occupied is elevated), reinforcing depth of the tenant base and supporting leasing velocity for workforce product. Neighborhood occupancy has trended up over the past five years, though it sits below national norms; investors should assume active leasing and renewal management to maintain stability.
Home values are below national medians, but the value-to-income ratio trends higher than many neighborhoods, indicating a high-cost ownership market relative to local incomes that can sustain reliance on rental housing. Rent levels sit near national midrange with a rent-to-income ratio that suggests manageable affordability pressure; prudent lease management can help retention without overextending pricing power.
Construction stock in the surrounding area skews older (average year 1947 among 1,491 Houston-area neighborhoods), making the 1996 vintage here comparatively newer. That positioning often competes well against aging inventory, while still leaving room for targeted modernization to lift rents and reduce long-run capital needs.
Within a 3-mile radius, demographic data indicate household counts have increased even as population edged down, pointing to smaller household sizes and a larger number of housing decision-makers. Looking ahead, WDSuite s neighborhood data anticipate further growth in households over the next five years, which can expand the renter pool and support occupancy resilience even if population growth remains soft.
Safety indicators for the neighborhood track below national benchmarks, with crime levels ranking below the metro median among 1,491 Houston-area neighborhoods. National percentiles are low, signaling that investors should underwrite enhanced property-level measures (lighting, access control, monitoring) and consider partnerships for community policing. Conditions can vary by block and over time; reviewing recent, property-specific incident trends is prudent.
While some year-over-year measures have fluctuated, investors commonly mitigate risk through physical security upgrades, resident engagement, and operating practices that support retention and oversight. Comparative framing, rather than block-level assumptions, is recommended when assessing risk-adjusted yield.
Proximity to major Downtown energy and utilities employers supports a stable commuter renter base, aiding retention and lease-up for workforce units. Nearby anchors include Waste Management, Calpine, Kinder Morgan, CenterPoint Energy, and NRG Energy.
- Waste Management corporate offices (4.4 miles) HQ
- Calpine corporate offices (4.5 miles) HQ
- Kinder Morgan corporate offices (4.6 miles) HQ
- Centerpoint Energy corporate offices (4.6 miles) HQ
- NRG Energy corporate offices (4.7 miles)
7310 Sherman St offers scale at 84 units with a 1996 vintage that is materially newer than much of the surrounding housing stock. That relative positioning, combined with a renter-heavy neighborhood and practical daily-needs access, underpins steady workforce demand. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years and restaurants, groceries, and pharmacies benchmark favorably at the national level, supporting leasing fundamentals despite limited parks and cafes.
Investor considerations include balancing attainable rents against moderate affordability pressure and underwriting security measures given below-median safety positioning. Within a 3-mile radius, households have grown and are projected to rise further, which increases the number of renting decision-makers even as population growth lags, aiding occupancy stability. Targeted renovations and operational improvements can position the asset competitively versus older nearby stock without over-reliance on aggressive rent assumptions.
- 1996 vintage competes well versus older neighborhood stock with selective value-add potential
- Renter-heavy area and daily-needs convenience support steady workforce demand and renewals
- Household growth within 3 miles expands the renter pool, supporting occupancy stability
- Favorable dining/grocery/pharmacy density aids leasing despite limited parks/cafes
- Risks: below-median safety metrics and affordability pressure require prudent underwriting and security investment