| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 35th | Fair |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8923 Antoine Dr, Houston, TX, 77088, US |
| Region / Metro | Houston |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 2006-01-06 |
| Transaction Price | $1,417,500 |
| Buyer | ANTOINE ESTATES LLC |
| Seller | THREE PCG4 LLC |
8923 Antoine Dr, Houston — Multifamily Investment View
Neighborhood occupancy trends are solid and competitive among Houston peers, supporting income stability according to WDSuite’s CRE market data. The location balances everyday convenience with value-oriented renter demand dynamics.
Situated in Houston’s inner-suburb fabric, the property benefits from neighborhood fundamentals that emphasize stable renter demand rather than lifestyle amenities. Neighborhood occupancy is competitive among 1,491 Houston neighborhoods and sits in the top quartile nationally, signaling durable leasing conditions at the submarket level (this occupancy metric is measured for the neighborhood, not the property).
Livability is anchored by daily-needs access more than destination retail: grocery availability ranks strong locally (top quartile nationally), while parks, pharmacies, and cafes are comparatively limited. Average school ratings in the neighborhood are above the national median (around 3 out of 5), which can support family-oriented renter retention relative to similar inner-suburb locations.
Within a 3-mile radius, households have grown in recent years and are projected to expand further through the forecast period, implying a larger tenant base and support for occupancy stability. The 3-mile area shows roughly 41% renter-occupied housing units, indicating a meaningful renter concentration that underpins multifamily absorption and renewal depth. Median incomes in the 3-mile radius have been trending higher, which helps offset pricing sensitivity as rents continue to normalize.
Homeownership remains a higher-cost path relative to local incomes (high value-to-income ratio versus national benchmarks). That ownership profile tends to reinforce reliance on multifamily housing and supports lease retention, particularly for well-managed assets offering functional finishes and reliable operations.
Safety indicators for the neighborhood trend weaker than many parts of the Houston metro, and the area sits below national medians for crime safety. In metro context, the neighborhood ranks 858 out of 1,491 on crime measures, which places it below the metro median; nationally, its standing is in a lower percentile relative to safer neighborhoods.
Recent year-over-year estimates indicate increases in both property and violent offenses at the neighborhood level. Investors typically account for this with prudent security planning, lighting and access controls, and by aligning tenant screening and onsite management practices to sustain occupancy and reduce turnover risk. Comparisons are neighborhood-wide and should not be interpreted as property-specific conditions.
The location draws on a diversified employment base nearby, supporting renter demand through commute convenience to energy, utilities, and corporate services. Notable employers in proximity include Enterprise Products, Emerson Process Management, CenterPoint Energy, ExxonMobil’s Brookhollow offices, and Halliburton.
- Enterprise Products — energy infrastructure (4.5 miles)
- Emerson Process Management — industrial automation (4.6 miles)
- Centerpoint Energy — utilities (5.0 miles)
- ExxonMobil - Brookhollow Campus — energy offices (6.1 miles)
- Halliburton — energy services (8.8 miles) — HQ
This 40-unit, 1983-vintage asset aligns with value-focused renter demand in an inner-suburb pocket where neighborhood occupancy is competitive among Houston areas and in the top quartile nationally. The vintage suggests scope for targeted capital planning—interiors, common areas, and building systems—to enhance positioning against slightly newer nearby stock while preserving operational resilience. According to CRE market data from WDSuite, neighborhood-level occupancy has held firm, and the ownership cost backdrop remains elevated relative to incomes, reinforcing reliance on rental housing.
Within a 3-mile radius, household counts have risen and are projected to expand further, pointing to a deeper tenant base and support for lease-up and renewals. Daily-needs accessibility (notably groceries) is a relative strength, and proximity to diversified employers helps sustain weekday utilization and leasing stability. Investors should underwrite with attention to neighborhood safety metrics and measured rent growth assumptions to balance retention and pricing power.
- Competitive neighborhood occupancy supports income stability versus metro peers
- 1983 vintage offers value-add and system modernization potential
- 3-mile renter concentration and household growth deepen the tenant base
- Elevated ownership costs bolster multifamily reliance and renewal prospects
- Risk: below-median safety metrics warrant active management and security planning