| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 7th | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9425 Scott St, Houston, TX, 77051, US |
| Region / Metro | Houston |
| Year of Construction | 1973 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9425 Scott St Houston Multifamily Opportunity
Renter demand is supported by one of the metro’s highest renter-occupied housing shares at the neighborhood level, while a value-add profile offers room to reposition for leasing stability. According to WDSuite’s CRE market data, nearby household growth within 3 miles and projected rent gains can underpin a pragmatic renovation and management plan.
Located in an inner-suburb pocket of Houston, the neighborhood shows durable renter demand dynamics: the share of housing units that are renter-occupied ranks among the highest in the metro (20 out of 1,491 neighborhoods), signaling a deep tenant base for multifamily operators. Neighborhood occupancy is in the mid‑80s, which points to a leasing stabilization opportunity with hands‑on management and targeted upgrades. All occupancy references reflect neighborhood conditions, not this specific property.
Livability features are mixed. Restaurant density sits in the 74th percentile nationally (top quartile), supporting everyday convenience, and pharmacy access tracks in the 92nd percentile nationwide. By contrast, cafes, groceries, and parks score low relative to both the metro and national benchmarks, which may reduce lifestyle appeal for some renters but can keep value positioning competitive.
The asset’s 1973 construction is older than the neighborhood’s average vintage (1980 across Houston neighborhoods), implying near‑term capital planning for systems and interiors. For investors, this can translate into value‑add upside through unit modernization and curb‑appeal improvements that sharpen competitive positioning against newer stock.
Demographic statistics aggregated within a 3‑mile radius indicate households have grown modestly in recent years even as population was flat to slightly lower, suggesting smaller household sizes and steady turnover that sustain the renter pool. WDSuite’s outlook shows a notable increase in households through the next five years alongside projected rent growth, which can support occupancy stability and measured pricing power when paired with disciplined affordability and renewal strategies.
School ratings in the area trend below national norms, and overall neighborhood ranking is in the lower tier among 1,491 Houston‑area neighborhoods, underscoring the importance of value‑forward amenities, security, and responsive operations to drive retention.
Safety indicators track below metro and national averages for this neighborhood, with national percentiles on the lower end for both property and violent offenses. Within the Houston metro context (1,491 neighborhoods), crime ranks in the weaker cohort, so investors typically underwrite for enhanced lighting, access control, and active management to support resident experience.
Recent one‑year trends show increases in both violent and property offense rates at the neighborhood level. While specific block conditions can vary, prudent underwriting—security upgrades, partnership with local patrols, and insurance considerations—can mitigate risk and help stabilize tenancy.
Proximity to Houston’s energy and utilities employers supports a broad workforce renter base and commute convenience for residents, with access to Occidental, Waste Management, CenterPoint Energy, Plains GP Holdings, and Enterprise Products Partners.
- Occidental — energy (6.5 miles)
- Waste Management — environmental services (7.0 miles) — HQ
- CenterPoint Energy — utilities (7.1 miles) — HQ
- Plains GP Holdings — midstream energy (7.1 miles) — HQ
- Enterprise Products Partners — midstream energy (7.1 miles) — HQ
This 38‑unit, 1973‑vintage asset aligns with a value‑add strategy in a Houston neighborhood characterized by a very high renter‑occupied housing share and mid‑80s neighborhood occupancy. Older construction suggests targeted CapEx—unit interiors, exterior refresh, and basic systems—to improve competitive position and reduce avoidable vacancy. According to CRE market data from WDSuite, the surrounding 3‑mile area is expected to see meaningful household growth and rising contract rents over the next five years, bolstering the case for disciplined renovations and active lease management.
Operators should balance upside with execution risk. Neighborhood amenity depth is mixed and safety metrics trail the metro, indicating a need for practical security measures and value‑forward pricing to sustain retention. Affordability pressure at the neighborhood level also argues for measured rent steps, resident support services, and renewal‑first strategies to protect cash flow.
- High renter concentration at the neighborhood level supports a deep tenant base and leasing velocity
- 1973 vintage offers clear value‑add levers via interior upgrades and operational improvements
- 3‑mile outlook shows household expansion and rent growth potential, supporting occupancy stability
- Mixed amenity profile and below‑average safety call for security investments and value positioning
- Manage affordability risk with renewal‑oriented strategies and careful rent steps to protect retention