| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 42nd | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8030 W Airport Blvd, Houston, TX, 77071, US |
| Region / Metro | Houston |
| Year of Construction | 1983 |
| Units | 30 |
| Transaction Date | 2005-09-20 |
| Transaction Price | $2,500,000 |
| Buyer | THE TOWNHOMES OWNER LP |
| Seller | FC TZADIK PROPERTY OWNER LP |
8030 W Airport Blvd Houston Multifamily Investment
Renter-occupied share in the surrounding neighborhood sits above the metro median, supporting a stable tenant base and consistent leasing, according to WDSuite’s CRE market data. Pricing remains accessible relative to many Houston areas, which can aid demand depth and retention.
Located in an inner-suburb pocket of Houston (B+ neighborhood rating), the area posts an amenity profile that is competitive among local options. Dining, groceries, and pharmacy access score in the higher national percentiles (restaurants and groceries in the 70s; pharmacies in the mid-80s), and the neighborhood’s overall amenity rank sits in the top quartile among 1,491 metro neighborhoods. This breadth of everyday services tends to support renter convenience and leasing velocity.
Multifamily occupancy in the neighborhood has hovered around the low-90s in recent readings, with modest softening over the past five years. Median asking rents in the immediate area remain on the more accessible end of the Houston spectrum, which can help sustain demand and reduce downtime in typical turn cycles. The local value-to-income profile reflects a high-cost ownership market versus national norms, reinforcing reliance on rental options and generally supporting renter retention.
Tenure dynamics are favorable for multifamily: the neighborhood’s share of renter-occupied housing is above the metro median, indicating depth in the tenant pool. Within a 3-mile radius, households are majority renter-occupied, and demographic data show a slight population contraction historically but a projected increase in both population and households over the next five years. These trends point to a larger tenant base ahead and can support occupancy stability, based on CRE market data from WDSuite.
Built in 1983, the property is slightly newer than the neighborhood’s early-1980s average. Investors should underwrite routine capital planning typical for 1980s assets, with selective interior and systems updates offering potential value-add and competitive positioning against older nearby stock.
Safety metrics for the neighborhood trail both metro and national benchmarks. Crime ranks in the lower tiers locally (below the metro median when compared against 1,491 Houston-area neighborhoods) and sits in low national percentiles, indicating elevated incident rates relative to many U.S. neighborhoods. For investors, this typically argues for robust on-site security practices and attentive leasing oversight to support resident satisfaction and retention.
Proximity to established energy and corporate services employers supports workforce housing demand and convenient commutes for residents. Nearby anchors include National Oilwell Varco, ABM’s shared services, and several Fortune 500 headquarters such as Phillips 66 and Quanta Services.
- National Oilwell Varco Employees CU — corporate services (3.9 miles)
- National Oilwell Varco — energy equipment & services (3.9 miles) — HQ
- Abm SSC — facilities & corporate services (4.1 miles)
- Phillips 66 — integrated energy (7.2 miles) — HQ
- Quanta Services — infrastructure services (7.3 miles) — HQ
8030 W Airport Blvd offers a pragmatic workforce housing thesis backed by steady renter demand, accessible rent levels, and strong daily-needs amenities. The surrounding neighborhood shows renter-occupied share above the metro median and an ownership market that is relatively high-cost by national standards, both of which tend to reinforce multifamily reliance and support retention. According to CRE market data from WDSuite, neighborhood occupancy has held near the low-90s with mild softening, suggesting disciplined operations can sustain performance.
The 1983 vintage positions the asset for targeted value-add through interior modernization and systems updates, improving competitiveness against older stock while maintaining rent positioning that aligns with local incomes. Forward-looking 3-mile demographics indicate household growth and rising incomes, which can expand the renter pool and underpin leasing stability.
- Renter-occupied share above metro median supports a deeper tenant base and steady leasing
- Accessible rent positioning relative to many Houston areas aids demand depth and retention
- Amenity-rich setting with strong grocery, dining, and pharmacy access enhances livability
- 1983 vintage offers value-add potential via targeted renovations and systems upgrades
- Risk: Safety metrics lag metro/national benchmarks; plan for security measures and attentive operations