9009 Braesmont Dr Houston Multifamily Investment

The property sits in an inner-suburban pocket of Houston where daily needs are reachable, supported by grocery and pharmacy density that tracks above national norms, while cafes, restaurants, and parks are limited. Neighborhood housing costs are elevated relative to many U.S. areas (home values rank in the upper national percentiles), which tends to reinforce reliance on rental options and can support pricing power for well-positioned assets.

Neighborhood occupancy is weaker than the U.S. average (ranked 1,415 out of 1,491 metro neighborhoods), so lease-up strategy and retention tactics matter; these occupancy figures are for the neighborhood, not the property. At the same time, renter-occupied housing accounts for a sizable share of units locally (high national percentile for renter concentration), indicating a broad tenant base for multifamily.

Median contract rents in the neighborhood sit near the middle of national comparisons, and rent-to-income levels suggest manageable affordability pressure, which can help stabilize renewals when paired with prudent lease management. The average construction vintage in the area is early-1970s; at 1980, the subject’s vintage is somewhat newer than the neighborhood norm, signaling potential value-add through interior modernization and selective system upgrades to stay competitive against refreshed stock.

Within a 3-mile radius, demographics show a large and diverse population with rising household incomes over recent years and projections for an increase in households alongside smaller average household size. That combination typically expands the renter pool and supports occupancy stability for well-maintained, appropriately priced units, based on commercial real estate analysis from WDSuite.