| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 10th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9110 Meadowshire St, Houston, TX, 77037, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9110 Meadowshire St Houston Multifamily Investment
Neighborhood occupancy is tight and supportive of stable cash flow, according to WDSuite’s CRE market data, with conditions indicating steady renter demand rather than lease-up risk. These metrics describe the surrounding neighborhood, not the property’s current operations.
Located in an inner-suburb pocket of Houston, the property sits in a neighborhood with high occupied housing and mid-pack national positioning on housing metrics, per WDSuite. Grocery access is a relative strength (high national percentile), while parks, pharmacies, and cafes are limited nearby — a tradeoff investors should weigh when assessing resident convenience and retention.
The property s 1972 vintage is slightly older than the neighborhood s average construction year (mid-1970s). For investors, that points to typical 1970s capex planning systems, interiors, and curb appeal with potential value-add through targeted renovations to improve competitive standing against newer stock.
Tenure data indicates a moderate share of renter-occupied housing units in the neighborhood, supporting a meaningful tenant base without overreliance on transient demand. At the same time, median contract rents in the neighborhood track around the national middle, suggesting a relative affordability position that can aid lease retention and broaden the applicant pool.
Within a 3-mile radius, demographic statistics from WDSuite show households have increased even as population edged down slightly, implying smaller average household sizes and a gradual shift toward more household formations. Projections indicate further growth in household counts over the next five years alongside rising incomes and asking rents, which can expand the renter pool and support occupancy stability.
Safety indicators for the neighborhood are below national averages, with crime levels that compare weaker than many U.S. neighborhoods. Relative to the Houston metropolitan area (1,491 neighborhoods), the neighborhood ranks on the less favorable side for crime, signaling that investors should incorporate prudent security measures and underwriting cushions.
Trend-wise, WDSuite data shows a meaningful year-over-year decline in estimated property offenses, while estimated violent offenses ticked up over the same period. This mixed pattern argues for practical on-site measures and resident-engagement strategies to support retention without assuming immediate improvement.
The area draws from a broad energy and industrial corporate base that supports workforce renter demand and commute convenience for residents. Nearby employers include Halliburton, ExxonMobil Brookhollow, Baker Hughes, Calpine, and Emerson Process Management.
- Halliburton energy services (4.6 miles) HQ
- ExxonMobil - Brookhollow Campus energy (6.6 miles)
- Baker Hughes energy technology (9.0 miles) HQ
- Calpine power generation (9.2 miles) HQ
- Emerson Process Management industrial automation (9.2 miles)
This 20-unit, 1972-vintage asset offers a straightforward value-add angle in a Houston inner-suburb where neighborhood occupancy is notably high, based on commercial real estate analysis from WDSuite. Relative affordability at the neighborhood level and proximity to major energy employers support demand depth for smaller-format units, while targeted upgrades can enhance competitiveness versus newer product.
Within a 3-mile radius, WDSuite data indicates household growth alongside a modest decline in population, pointing to smaller household sizes and a larger renter pool over the forecast period. Strong grocery density and a broad nearby employment base add day-to-day convenience and leasing resilience, though investors should underwrite for security enhancements and amenity gaps in parks and cafes.
- Tight neighborhood occupancy supports cash flow stability
- 1972 vintage with clear value-add potential via interior and system upgrades
- Household growth within 3 miles suggests a broader renter base over time
- Proximity to energy employers underpins steady workforce demand
- Risks: below-average safety metrics and limited park/cafe amenities warrant prudent underwriting