| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 19th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 815 Autumnwood Dr, Houston, TX, 77013, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
815 Autumnwood Dr Houston Multifamily Value-Add Opportunity
Renter concentration in the surrounding neighborhood is high, supporting a deeper tenant base even as overall occupancy trends lag nearby submarkets, according to WDSuite’s CRE market data. Positioned for hands-on asset management, the property’s location offers everyday convenience with strong food and grocery access that can aid leasing velocity.
This Inner Suburb pocket of Houston offers everyday essentials within short drives and a notably strong food scene. Restaurant density ranks among the highest nationally, while grocery access is well above national norms. By contrast, cafes, parks, and pharmacies are sparse locally, so residents typically rely on nearby corridors for those needs. The neighborhood’s overall amenity profile sits below the metro median among 1,491 Houston-area neighborhoods, but daily retail and dining options remain a practical draw.
Neighborhood housing dynamics signal both opportunity and execution risk. The share of renter-occupied units is elevated (58.6%), indicating depth of multifamily demand, while the neighborhood’s occupancy level ranks near the bottom of the metro’s 1,491 neighborhoods, suggesting that leasing performance depends on unit quality, management, and competitive pricing. Median contract rents in the neighborhood fall near mid-pack nationally, and rent-to-income levels point to manageable affordability pressure, which can support retention with disciplined lease management.
Demographic statistics aggregated within a 3-mile radius show modest population contraction in recent years alongside a small increase in households; forward-looking estimates point to continued population softness but a large increase in households as average household size declines. For investors, more households with smaller sizes typically expand the renter pool and can support occupancy stability for well-positioned product.
Vintage also matters: the property was built in 1975, slightly older than the neighborhood’s average vintage. That age profile often requires targeted capital planning for systems, exteriors, and interiors, but it can also present value-add upside where renovations align with tenant preferences and local rent bands.
Relative to Houston’s 1,491 neighborhoods, this area trends below metro averages on safety and sits in lower national safety percentiles. Recent year estimates show increases in both violent and property offenses, reinforcing the need for robust on-site management practices (lighting, access control, and partnerships with local resources). Investors typically underwrite to a more conservative lease-up and retention plan in similar locations, with a focus on resident experience and security protocols.
A cluster of downtown and near-downtown energy and utilities headquarters supports a broad employment base within commuting distance, which can aid leasing stability for workforce-oriented units. The following employers anchor nearby demand:
- Calpine — energy (8.3 miles) — HQ
- Waste Management — environmental services (8.3 miles) — HQ
- Kinder Morgan — midstream energy (8.5 miles) — HQ
- NRG Energy — energy (8.5 miles)
- CenterPoint Energy — utilities (8.6 miles) — HQ
The investment case centers on value-add execution in a renter-heavy neighborhood with strong everyday retail and dining access but below-metro safety and occupancy readings. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share is high, reinforcing depth of demand, while overall occupancy trends imply that performance hinges on competitive renovations, active management, and careful pricing strategy. Within a 3-mile radius, households have edged higher historically and are projected to rise further as average household size declines, which can expand the tenant base even if population growth is muted.
Built in 1975, the asset likely benefits from targeted capital improvements to sharpen its competitive position versus newer stock. Neighborhood ownership costs are relatively accessible in a Houston context, which may create some competition with entry-level ownership; however, the area’s renter concentration and commuting access to major employers can sustain renter reliance on multifamily housing when product is well-managed and appropriately priced.
- High renter concentration supports tenant demand depth for a 1970s garden asset
- Strong restaurant and grocery access can aid leasing velocity and resident retention
- Household growth within 3 miles and smaller household sizes point to renter pool expansion
- 1975 vintage offers value-add potential through systems updates and interior renovations
- Risks: below-metro safety and weak neighborhood occupancy require conservative underwriting and active management