| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 31st | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9110 Tidwell Rd, Houston, TX, 77078, US |
| Region / Metro | Houston |
| Year of Construction | 2007 |
| Units | 108 |
| Transaction Date | 2025-03-12 |
| Transaction Price | $5,187,000 |
| Buyer | COMMONS OF GRACE LP |
| Seller | TX COMMONS OF GRACE LP |
9110 Tidwell Rd Houston Multifamily Investment Opportunity
Neighborhood renter concentration is comparatively high and supports a consistent tenant base, while occupancy in the surrounding area reflects stable but competitive conditions, according to WDSuite’s CRE market data.
Situated in Houston’s inner-suburban east side, the property benefits from a renter-leaning neighborhood profile and workforce demand drivers. Neighborhood occupancy is measured for the area, not the property, and sits in a competitive range for Houston; paired with a sizable renter-occupied share of housing units, this points to durable leasing fundamentals and a reliable pool of prospects for mid-market assets.
Everyday needs are reasonably served: grocery access trends slightly above national norms for neighborhoods, and park access scores in the top quartile nationally for similar areas, while cafés and pharmacies are thinner nearby. Average school ratings are below the metro median, which may matter for family-oriented leasing strategies, but pricing positioned near the local median rent level can offset this through value positioning and retention.
Within a 3-mile radius, demographics indicate a growing tenant base. Recent years show population and household expansion, and projections point to further household growth by 2028, implying a larger renter pool and support for occupancy stability. Median household income in the 3-mile area has risen, and forecast gains suggest incremental support for rent levels over time, provided operators calibrate to local affordability bands.
The submarket’s ownership landscape skews toward a high-cost ownership-to-income relationship relative to neighborhood incomes, which tends to reinforce reliance on rental housing and can aid lease retention when rents are managed thoughtfully. At the neighborhood level, median contract rents track below many urban-core Houston submarkets, which positions mid-2000s assets to compete on value while still pursuing targeted renovations.
Vintage matters: built in 2007, the asset is newer than the neighborhood’s early-2000s average. That positioning generally supports competitiveness versus older stock, with potential to capture modest rent premiums through selective modernization and systems upgrades as components age.
Safety conditions referenced here apply to the neighborhood, not the property. Relative to other Houston neighborhoods, the area ranks below the metro median for safety (measured against 1,491 neighborhoods), and national comparisons place it well below typical U.S. neighborhoods. Operators often plan for enhanced on-site security measures and resident-engagement practices to support leasing and retention.
For underwriting, it is prudent to reflect these comparative trends in marketing, staffing, lighting, access control, and partnership with local patrol resources. Monitoring directionality over time can help assess whether conditions are improving relative to the metro or holding steady.
Proximity to major energy and power corporates supports workforce housing demand and commute convenience for residents, including Halliburton, Calpine, Kinder Morgan, NRG Energy, and Waste Management.
- Halliburton — energy services (7.8 miles) — HQ
- Calpine — power generation (8.8 miles) — HQ
- Kinder Morgan — midstream energy (9.1 miles) — HQ
- NRG Energy — power & retail energy (9.1 miles)
- Waste Management — environmental services (9.1 miles) — HQ
This 108-unit, 2007-vintage asset sits in a renter-leaning Houston neighborhood where local occupancy trends indicate competitive but durable leasing conditions. Neighborhood rents track near workforce levels, and the ownership landscape’s high cost relative to incomes reinforces reliance on rental housing. Within a 3-mile radius, recent and projected household growth points to a larger tenant base that can support occupancy stability and measured rent advancement when paired with value-focused renovations.
Positioned newer than the neighborhood’s early-2000s average, the property can compete against older stock while benefiting from selective modernization to enhance retention and capture modest premiums. According to CRE market data from WDSuite, area fundamentals suggest investors should balance value-add plans with careful affordability and security strategies to sustain leasing velocity.
- Renter-leaning neighborhood and expanding 3-mile household base support a deeper tenant pool.
- 2007 vintage offers competitive positioning versus older stock, with targeted renovation upside.
- Workforce rent positioning and high ownership costs locally can aid lease retention.
- Risk: below-metro safety profile warrants proactive security and resident-engagement planning.
- Risk: local affordability pressure requires disciplined rent setting and expense control.