| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 16th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8430 Antoine Dr, Houston, TX, 77088, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8430 Antoine Dr, Houston Multifamily Investment Opportunity
Neighborhood occupancy trends are steady in the low-90s and renter demand is sustained by a sizable tenant base, according to WDSuite’s CRE market data. Positioning and operational execution will be the main levers for income durability in this inner-suburban location.
Located in an Inner Suburb of Houston, the neighborhood posts a B- rating and sits above metro median for occupancy among 1,491 neighborhoods, supporting lease-up and renewal stability for multifamily assets. Renter concentration is in the mid-40% of housing units being renter-occupied, indicating a meaningful tenant base that can support absorption and retention through typical turnover cycles.
Amenity access is competitive among Houston neighborhoods (top quartile among 1,491) with grocery and pharmacy options nearby, though cafes and parks are limited within the immediate area. For investors, this mix suggests daily-need conveniences are present while lifestyle amenities may require short drives, which can be offset by pricing and unit-quality positioning.
Within a 3-mile radius, population and household counts have grown and are projected to expand further by 2028, pointing to a larger tenant base over time. Median contract rents in the 3-mile area have risen over the past five years, while incomes have also advanced, which supports achievable rent levels but still warrants attention to affordability and lease management.
Home values locally are relatively accessible for the Houston region, yet value-to-income ratios rank high nationally, which reinforces reliance on rental housing and can support occupancy and pricing power in professionally managed multifamily. The subject’s 1984 vintage is older than the neighborhood’s average construction year, creating potential value-add through selective renovations and building systems updates to maintain competitive positioning versus newer stock.
Safety conditions in the neighborhood track around the metro median relative to 1,491 Houston-area neighborhoods. Compared with neighborhoods nationwide, safety indicators are below the national median, so operators typically budget for additional property-level measures and community engagement to support resident comfort.
Recent year-over-year estimates indicate increases in both violent and property offense rates at the neighborhood level. While these figures can be cyclical, investors should monitor trend direction and coordinate with on-site practices (lighting, access control, partnership with local resources) to manage risk without overreliance on any single tactic.
Nearby corporate offices provide a diversified employment base and commute convenience that can underpin renter demand and renewal rates, including Emerson Process Management, Enterprise Products, CenterPoint Energy, ExxonMobil’s Brookhollow campus, and Wells Fargo Advisors.
- Emerson Process Management — industrial automation (4.6 miles)
- Enterprise Products — midstream energy (4.8 miles)
- Centerpoint Energy — utilities (5.3 miles)
- ExxonMobil - Brookhollow Campus — energy offices (5.8 miles)
- Wells Fargo Advisors — financial services (7.9 miles)
The asset’s 1984 vintage positions it for value-add through interior refreshes and selective system upgrades to stay competitive against newer stock. At the neighborhood level, occupancy performance trends above the metro median and a meaningful share of renter-occupied housing supports day-one demand and renewal depth. Within a 3-mile radius, population and households are expanding and are projected to continue growing through 2028, pointing to a larger renter pool and continued support for stabilized occupancy.
According to CRE market data from WDSuite, neighborhood amenity access is competitive for daily needs, while limited parks and cafes place a premium on on-site features and unit quality. Ownership costs relative to income trend high nationally, reinforcing renter reliance; however, rent-to-income dynamics signal affordability pressure, so underwriting should emphasize retention, targeted upgrades, and disciplined rent steps. Safety trends sit around the metro middle but below national medians, warranting prudent operational controls.
- Occupancy above metro median supports leasing stability and renewal potential.
- 1984 vintage offers value-add upside via renovations and system updates.
- Expanding 3-mile population and household base points to a growing renter pool.
- Competitive daily-needs amenities; on-site features can offset lifestyle amenity gaps.
- Risks: below-national safety metrics and affordability pressure require careful rent strategy and OPEX planning.