| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 32nd | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9724 Ella Blvd, Houston, TX, 77038, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9724 Ella Blvd Houston Multifamily Investment
Neighborhood occupancy trends sit above the metro median with a deep renter base, according to WDSuite’s CRE market data, supporting stable leasing for a 32‑unit asset in Houston’s inner‑suburban fabric. Watch pricing power alongside tenant retention as rents have risen materially over five years.
Located in an Inner Suburb of Houston, the property benefits from neighborhood fundamentals that favor renter demand. The neighborhood’s occupancy rate is above the metro median (ranked 665 of 1,491), and national positioning is above the median as well, signaling steady absorption for workforce units.
Renter concentration is notably high at the neighborhood level (renter-occupied share ranks near the top among 1,491 metro neighborhoods), indicating a large tenant base and potential demand stability for multifamily. Median contract rent in the neighborhood is $1,058 with a meaningful five‑year increase, while the surrounding 3‑mile area shows current rent levels near that mark and forecasts further gains — factors that support revenue growth but call for disciplined lease management.
Day‑to‑day convenience is supported by strong grocery and restaurant density (both above national medians), and childcare access tests well against national peers. By contrast, parks, pharmacies, and cafes are limited within the neighborhood, which may modestly affect lifestyle appeal relative to higher‑amenity submarkets. Average school ratings are a standout: the neighborhood ranks 1st out of 1,491 in the metro and is at the top nationally, which can aid family retention and longer tenancy.
Within a 3‑mile radius, households have increased over the last five years even as overall population was roughly flat, pointing to smaller household sizes and a gradual expansion of the renter pool. Forward‑looking projections show additional household growth and higher incomes in this radius, which bolsters multifamily demand and supports occupancy stability and renewal potential.
Home values are relatively low in market context (national percentile is lower than average), which can create some competition from ownership options. For multifamily investors, this typically means emphasizing rent-to-income positioning, amenities, and renovation scope to defend retention and sustain leasing velocity.
Safety outcomes in the neighborhood are mixed. Relative to the Houston metro, overall crime sits around the middle of the pack (ranked 747 of 1,491), while national comparisons place the area below the median for safety. Recent data shows a slight year‑over‑year decrease in property offenses, indicating incremental improvement, but violent and property offense percentiles remain on the weaker side nationally.
For investors, underwriting should incorporate prudent assumptions for security measures, insurance, and potential operating practices aligned with comparable Houston neighborhoods that share similar rank and trend profiles.
Proximity to large energy and corporate services employers underpins a broad commuter tenant base and supports lease retention. Key nearby employers include Halliburton, ExxonMobil’s Brookhollow presence, CenterPoint Energy, Enterprise Products, and Emerson Process Management.
- Halliburton — energy services (5.8 miles) — HQ
- ExxonMobil - Brookhollow Campus — energy (6.8 miles)
- Centerpoint Energy — utilities (7.1 miles)
- Enterprise Products — midstream energy (7.4 miles)
- Emerson Process Management — industrial technology (7.6 miles)
This 32‑unit, 1975 vintage property offers value‑add potential in a renter‑heavy Houston neighborhood where occupancy trends are above the metro median. The area’s strong grocery/restaurant access and top‑ranked school ratings support tenant retention, while proximity to major energy and corporate employers broadens the commuter pool. Based on CRE market data from WDSuite, neighborhood rents have risen over the last five years and the surrounding 3‑mile area projects additional rent growth, suggesting revenue upside with renovations and focused leasing strategy.
Investors should weigh affordability pressure — neighborhood rent‑to‑income is elevated — and the relatively low ownership cost environment that can compete with renting. Still, stable occupancy, a deep renter base, and credible value‑add scope tied to a 1975 vintage (interiors, systems, and common‑area upgrades) create a practical path to enhance yield while managing risk.
- Above‑median neighborhood occupancy and high renter concentration support leasing stability
- 1975 vintage offers renovation and operational upside versus newer competing stock
- Employer proximity (energy and corporate services) widens the tenant base and aids renewals
- Forecast rent growth in the 3‑mile area supports revenue potential with disciplined leasing
- Risks: affordability pressure (rent‑to‑income) and safety metrics below national median require prudent underwriting