| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 74th | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7800 N Stadium Dr, Houston, TX, 77030, US |
| Region / Metro | Houston |
| Year of Construction | 1998 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7800 N Stadium Dr Houston Multifamily Investment Opportunity
A sizable renter base within a 3-mile radius and steady household growth support leasing durability, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Houston, the property benefits from a neighborhood rated B+ and positioned 492 out of 1,491 metro neighborhoods. That places it above the metro median, signaling competitive fundamentals relative to the broader Houston area without implying top-tier performance.
Daily-needs access is mixed: restaurant density ranks in the 90th percentile nationally and pharmacy access sits in the 89th percentile, while grocery, park, and cafe concentrations are thin. For investors, this translates to convenient dining and health-related services nearby, but fewer lifestyle amenities in the immediate blocks — a consideration for marketing and tenant retention strategies.
Vintage matters. Built in 1998 versus a neighborhood average vintage of 1986, the asset is newer than much of the local stock — a relative advantage for curb appeal and unit livability. Investors should still plan for targeted system updates and modernization to remain competitive against recently renovated peers.
Tenure patterns indicate depth in multifamily demand: the neighborhood’s share of renter-occupied housing units is 49.1% (ranked 329 out of 1,491 metro neighborhoods), placing it in the top quartile nationally for renter concentration. At the same time, neighborhood occupancy is lower (ranked 1,373 out of 1,491), so leasing execution and property management discipline will be important to sustain stabilized performance.
Within a 3-mile radius, demographic indicators point to demand support: population grew over the last five years with households expanding more quickly, and average household size edged down. Looking ahead, forecasts show additional population growth and a sizable increase in households, implying a larger tenant base and continued renter pool expansion. Median contract rents in the area have trended higher and are projected to rise further, reinforcing the need for affordability-aware leasing while supporting revenue management. Elevated owner costs are not the primary pressure point here; rent-to-income ratios in the neighborhood are comparatively modest, which can aid lease retention and reduce turnover volatility.
Safety trends should be assessed carefully. The neighborhood’s crime ranking is 1,027 out of 1,491 Houston-area neighborhoods, which is below the metro median and indicates comparatively higher reported incidents than many parts of the region. Nationally, the area sits in a low percentile for safety, so investors should underwrite with conservative assumptions around security measures and operational protocols.
Recent year-over-year estimates indicate increases in both violent and property offenses at the neighborhood level. While block-level outcomes vary and properties can outperform area trends with on-site controls, prudent planning may include enhanced lighting, access control, and partnership with professional security vendors to support tenant satisfaction and retention.
Proximity to major energy and infrastructure employers supports a broad commuter tenant base and can help underpin weekday occupancy and lease retention. Key nearby employers include Occidental, Quanta Services, Baker Hughes, Apache, and Plains GP Holdings.
- Occidental — energy (2.7 miles)
- Quanta Services — engineering & infrastructure (4.1 miles) — HQ
- Baker Hughes — energy services (4.5 miles) — HQ
- Apache — energy (4.6 miles) — HQ
- Plains GP Holdings — midstream energy (4.8 miles) — HQ
This 56-unit, 1998-vintage asset offers relative competitiveness versus older neighborhood stock and access to a deep renter base anchored by nearby corporate employment. Based on CRE market data from WDSuite, the neighborhood’s renter concentration is high, household counts within a 3-mile radius have been rising, and projected population and household growth suggest ongoing renter pool expansion. Revenue strategies should balance this demand backdrop with affordability-aware leasing as area rents trend higher.
Key underwriting considerations include the neighborhood’s below-median occupancy relative to the Houston metro and safety metrics that warrant operational attention. Targeted upgrades and strong management can position the property to capture demand from commuters to nearby employers while maintaining tenant retention through service quality and thoughtful pricing.
- 1998 vintage provides a competitiveness edge versus older local stock with selective modernization potential
- High renter-occupied share and growing households within 3 miles expand the tenant base
- Nearby corporate employers support steady commuter demand and weekday occupancy
- Revenue management supported by rising area rents; emphasize retention through service and affordability-aware pricing
- Risks: lower neighborhood occupancy and safety metrics require enhanced management, security planning, and conservative lease-up assumptions