| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9402 Synott Rd, Houston, TX, 77083, US |
| Region / Metro | Houston |
| Year of Construction | 1983 |
| Units | 108 |
| Transaction Date | 2016-09-08 |
| Transaction Price | $5,921,300 |
| Buyer | SYNOTT SQUARE LLC |
| Seller | LEGACY PROPERTIES LLC |
9402 Synott Rd Houston Multifamily Investment
Neighborhood fundamentals show steady renter demand and high occupancy, according to WDSuite s CRE market data, supporting a durable income profile for this Inner Suburb Houston asset.
Situated in Houston s Inner Suburb corridor, the property benefits from a B- neighborhood rating with occupancy that is in the top quartile among 1,491 metro neighborhoods. WDSuite s CRE market data indicates neighborhood occupancy around the high-90s, a signal of leasing stability and limited immediate supply pressure for comparable units.
Renter concentration at the neighborhood level is also in the top quartile nationally, indicating a broad base of renter-occupied housing units that can support steady tenant velocity. Median contract rents in the area sit near the national mid-range, while rent-to-income ratios suggest relatively lower affordability pressure, which can aid renewal retention even if pricing power remains measured.
Local livability features skew toward daily conveniences over recreation. Restaurant density is strong (top decile nationally), and grocery and pharmacy access test above the national midpoint, but parks and cafes are comparatively limited. Average school ratings trend below national norms, which may temper appeal for some family renters and encourages thoughtful unit mix positioning.
Within a 3-mile radius, demographics show a modest population contraction historically but a rising household count forecast, paired with smaller household sizes. For investors, this typically means more, smaller households entering the rental market over time, supporting occupancy stability for efficient floor plans while reinforcing the importance of competitive amenities and pricing.
Safety indicators are below national averages on WDSuite s benchmarks, with overall crime levels testing around the lower third nationally and violent incidents tracking weaker than midpack. Interpreted conservatively, investors should plan for standard security measures, diligent tenant screening, and well-lit common areas to support resident satisfaction and retention.
Compared with broader U.S. neighborhoods, the area does not rank in the top quartile for safety; however, trends can vary block to block. Monitoring local data and operating with proactive property management typically helps sustain leasing performance without overextending operating budgets.
The location is proximate to a cluster of energy and corporate services employers that underpin a steady commuter tenant base and support weekday leasing stability. Nearby anchors include National Oilwell Varco, Phillips 66, Sysco, ABM, and financial services affiliates.
- Abm SSC corporate offices (3.7 miles)
- National Oilwell Varco Employees CU corporate offices (3.8 miles)
- National Oilwell Varco corporate offices (3.8 miles) HQ
- Phillips 66 corporate offices (5.5 miles) HQ
- Sysco corporate offices (5.6 miles) HQ
This 108-unit asset is positioned in a Houston Inner Suburb neighborhood with historically strong occupancy and a broad renter base, according to CRE market data from WDSuite. Neighborhood rents and rent-to-income ratios suggest manageable affordability pressure, supporting renewal probability while keeping near-term rent growth expectations balanced.
Within a 3-mile radius, household counts are projected to rise even as household sizes shrink, pointing to a larger pool of smaller households seeking efficient rental options. Employers within commuting distance reinforce weekday stability for workforce renters. Key watch items include below-average school ratings, safety indicators that trail national medians, and local amenities skewing more toward necessities than recreation.
- Stable neighborhood occupancy and deep renter base support income durability
- Rent levels and rent-to-income suggest retention-friendly affordability
- 3-mile outlook shows more households and smaller sizes, favoring efficient units
- Proximity to major employers underpins weekday leasing stability
- Risks: below-average school ratings, safety below national averages, limited parks/cafes