| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 27th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 74 Lyerly St, Houston, TX, 77022, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 103 |
| Transaction Date | 2022-04-12 |
| Transaction Price | $10,697,190 |
| Buyer | 74 LYERLY LLC |
| Seller | 74 LYERLY LLC |
74 Lyerly St Houston Multifamily Investment
Renter-occupied housing is prevalent in the immediate neighborhood, supporting a deep tenant base and steady leasing, according to WDSuite’s CRE market data. The 1975 vintage suggests room for targeted renovations to elevate positioning and drive returns.
Located in an Inner Suburb of Houston, the area around 74 Lyerly St shows a solid renter concentration at the neighborhood level, with renter-occupied units representing a large share of housing. For investors, this indicates a broad tenant pool and potential demand stability for multifamily product, even as neighborhood occupancy trends have been relatively balanced in recent years.
Amenities skew favorable for daily needs and dining. Restaurant density ranks in the top quartile nationally, and grocery access is also strong compared with neighborhoods nationwide. By contrast, neighborhood metrics indicate limited park and pharmacy presence, so on-site offerings and property programming can play a larger role in resident satisfaction and retention.
Within a 3-mile radius, demographics show households have grown while average household size has edged lower, expanding the number of households and supporting a larger renter pool. Forward-looking estimates point to continued growth in households through 2028 alongside rising median incomes, which can underpin rent absorption and help support occupancy stability.
Home values in the neighborhood context are relatively elevated versus local incomes (higher national percentile for value-to-income), which tends to reinforce reliance on rental housing. For owners, this dynamic can support pricing power over time, while rent-to-income ratios at the neighborhood level suggest some affordability pressure—an important consideration for renewals and lease management.
Safety indicators for the neighborhood rank below the metro median (ranked 1063 among 1,491 Houston-area neighborhoods), placing it among less secure parts of the region. Nationally, the neighborhood sits in lower percentiles for safety, indicating conditions that warrant thoughtful property-level security measures and resident engagement.
Recent estimates point to year-over-year increases in both violent and property offenses at the neighborhood level. While conditions can vary block to block, investors should underwrite prudent operating practices—lighting, access control, and partnerships with local resources—to support resident retention and asset performance over the hold.
The location is proximate to major energy and power corporate offices that draw a large workforce, supporting renter demand and commute convenience for residents. Nearby anchors include ExxonMobil, Calpine, Baker Hughes, NRG Energy, and EOG Resources.
- ExxonMobil - Brookhollow Campus — energy corporate offices (4.8 miles)
- Calpine — power generation corporate offices (5.1 miles) — HQ
- Baker Hughes — energy services corporate offices (5.1 miles) — HQ
- NRG Energy — power corporate offices (5.2 miles)
- Eog Resources — energy exploration corporate offices (5.2 miles) — HQ
This 1975-vintage, 103-unit asset sits in a renter-heavy Houston neighborhood, creating depth of demand for multifamily units. Strong dining and grocery access at the neighborhood level compares favorably to national benchmarks, while elevated home values relative to local incomes tend to reinforce reliance on rental housing. Based on CRE market data from WDSuite, neighborhood occupancy has been generally stable, suggesting a platform for consistent leasing with thoughtful management.
The vintage points to value-add potential through targeted unit and system upgrades to compete against newer stock. Within a 3-mile radius, projections for rising household counts and higher median incomes through 2028 imply a growing tenant base and support for rent absorption, though neighborhood rent-to-income metrics indicate the need for measured pricing and resident retention strategies. Safety indicators are weaker than metro medians, so underwriting should include appropriate security investments.
- Renter-heavy neighborhood supports a broad tenant base and leasing resilience.
- 1975 construction offers clear value-add and modernization upside.
- Strong dining and grocery access bolster livability and retention.
- 3-mile household growth and income gains support future rent absorption.
- Risks: below-median safety metrics and affordability pressure call for prudent pricing and security plans.