| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 26th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8910 Beechnut St, Houston, TX, 77036, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 2015-06-18 |
| Transaction Price | $2,375,000 |
| Buyer | JAMVATI LLC |
| Seller | HNT INVESTMENTS INC |
8910 Beechnut St Houston Multifamily Investment
Renter concentration in the surrounding neighborhood and steady occupancy trends point to a durable tenant base, according to WDSuite’s CRE market data. Positioning near daily-needs retail supports leasing consistency while leaving room for value-add upside.
Located in Houston’s inner suburbs, the area around 8910 Beechnut St shows everyday convenience that supports renter retention. Dining density is strong (restaurants rank near the top among 1,491 metro neighborhoods and score high nationally), and grocery and pharmacy access are also competitive, while parks, cafés, and childcare are comparatively sparse. For investors, this mix favors practical, car-served living with reliable daily-needs retail.
Neighborhood occupancy has been broadly stable over the last five years, and the share of housing units that are renter-occupied is high both locally and within the 3-mile radius, indicating depth in the tenant pool. Median contracted rents sit around the national midpoint while home values and the value-to-income ratio are elevated for the area, which can sustain reliance on multifamily rentals and support pricing power when units are well-maintained.
Within a 3-mile radius, demographics show a modest population dip in recent years but a projected return to growth by 2028 alongside an increase in households and smaller average household sizes. For multifamily, more households and a gradually improving income profile point to a larger renter base and support for occupancy stability and measured rent growth rather than rapid swings.
The property’s 1972 vintage is slightly newer than the neighborhood’s average build year. Investors should plan for targeted capital improvements and modernization to reinforce competitive positioning versus older stock, with potential renovation upside if scopes are disciplined to the submarket’s rent ceiling.
Safety indicators for the neighborhood track below national percentiles, placing the area among less-safe communities nationwide. Recent year data also signals an uptick in both property and violent offense estimates. For underwriting, investors often budget for on-site security measures, lighting and access controls, and resident engagement to support the living experience and retention.
Relative comparisons within the Houston-The Woodlands-Sugar Land metro show the neighborhood ranking in the lower tiers among 1,491 metro neighborhoods. Monitoring trend direction and aligning capital plans with proven safety enhancements can help manage risk.
Proximity to energy and services employers underpins workforce housing demand and commute convenience for residents, with near-term draw from National Oilwell Varco, ABM’s shared services, Phillips 66, Quanta Services, and Sysco.
- National Oilwell Varco — oilfield equipment (0.8 miles) — HQ
- National Oilwell Varco Employees CU — financial services (0.8 miles)
- Abm SSC — facility services back office (0.9 miles)
- Phillips 66 — energy (3.7 miles) — HQ
- Quanta Services — infrastructure construction (5.7 miles) — HQ
This 100-unit asset benefits from a renter-driven submarket with steady neighborhood occupancy and strong access to daily-needs retail. The 1972 vintage suggests clear value-add pathways through unit and system updates, with the potential to sharpen competitiveness against older nearby stock while remaining mindful of rent ceilings. According to CRE market data from WDSuite, local renter-occupied housing share is high and restaurants, grocery, and pharmacy access are strengths, supporting leasing durability.
Within a 3-mile radius, forecasts point to an increase in households and higher median incomes by 2028, even as household sizes trend smaller—favorable dynamics for multifamily demand depth and renewal stability. Elevated ownership costs relative to incomes in the neighborhood context can reinforce reliance on rentals, though operators should calibrate finishes and pricing to maintain retention.
- Renter-heavy area and steady neighborhood occupancy support a durable tenant base.
- 1972 vintage with clear renovation and systems-upgrade opportunities for value-add execution.
- Strong access to restaurants, grocery, and pharmacy supports day-to-day livability and retention.
- Nearby energy and services employers provide commute proximity that can aid leasing stability.
- Risks: below-average safety metrics, limited park/café supply, and the need to align renovations with submarket affordability.