| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 27th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20120 Park Row Dr, Katy, TX, 77449, US |
| Region / Metro | Katy |
| Year of Construction | 2007 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20120 Park Row Dr Katy Multifamily Investment
Neighborhood occupancy is strong and renter concentration is deep, supporting stable leasing dynamics for a 100-unit asset, according to WDSuite’s CRE market data. This Inner Suburb location offers scale with suburban convenience and access to major West Houston employment nodes.
The property sits in an Inner Suburb pocket of Katy within the Houston metro that carries a B- neighborhood rating. Neighborhood occupancy is elevated at 97.6% (a neighborhood metric, not property-specific), signaling durable demand and lower downtime risk for stabilized units. The share of housing units that are renter-occupied is 59.5%, indicating a sizable tenant base and depth for leasing.
Local amenities skew practical: grocery access is competitive among Houston neighborhoods (rank 106 of 1,491; top quartile nationally), and restaurant density is similarly strong. However, limited neighborhood park, cafe, childcare, and pharmacy counts suggest fewer lifestyle amenities within immediate proximity. Investors should underwrite retention via convenience to daily needs while acknowledging fewer green space and third-place options on the doorstep.
Construction patterns are relatively modern for the area (average 2005), and a 2007 vintage positions this asset slightly newer than neighborhood norms. That supports competitive positioning versus older stock while still warranting capital planning for mid-life systems and common-area refreshes to sustain rentability.
Within a 3-mile radius, demographics indicate a large and growing renter pool: population and households have expanded over the past five years, with forecasts pointing to continued household growth and smaller average household sizes through 2028. This combination generally supports multifamily absorption and occupancy stability. Median contract rents in the 3-mile radius have risen and are projected to increase further, which can underpin revenue growth if paired with focused operations and resident experience.
Home values in the broader neighborhood are moderate by national standards, and value-to-income ratios trend above many markets. For investors, that mix can sustain renter reliance on multifamily while also introducing some competition from ownership options; pricing and amenity strategy should reflect this balance. Rent-to-income metrics in the neighborhood data imply some affordability pressure, so lease management and renewals benefit from measured increases and service-driven retention.
Safety performance is below metro averages and the national median. The neighborhood’s crime rank is 693 out of 1,491 Houston-area neighborhoods, indicating comparatively higher crime within the region, and national percentiles in the low 20s–30s suggest the area sits below the national midpoint for safety. Recent estimates point to a year-over-year uptick in both property and violent incidents, so prudent security measures and lighting/common-area design can support resident comfort.
For underwriting, frame safety as a manageable operational consideration rather than a thesis driver: emphasize secure access, parking visibility, and resident engagement to help sustain retention and protect NOI.
Proximity to major West Houston corporate offices supports commuter convenience and renter demand, notably across energy and distribution. The following nearby employers anchor the area’s workforce and can help stabilize leasing.
- Conocophillips — energy HQ (6.5 miles) — HQ
- Sysco — food distribution HQ (6.8 miles) — HQ
- Phillips 66 — energy & chemicals HQ (10.5 miles) — HQ
- Group 1 Automotive — auto retail HQ (11.0 miles) — HQ
- National Oilwell Varco — oilfield services HQ (12.4 miles) — HQ
This 100-unit, 2007-vintage asset benefits from strong neighborhood occupancy, a substantial share of renter-occupied housing, and access to a dense West Houston employment base. Based on CRE market data from WDSuite, the surrounding neighborhood posts high occupancy and strong grocery/restaurant access relative to metro peers, supporting day-to-day convenience and leasing stability. The vintage is slightly newer than local averages, providing competitive positioning versus older product while leaving room for targeted value-add and systems modernization.
Investor considerations include safety performance that trails metro medians and rent-to-income signals that call for disciplined rent management. Within a 3-mile radius, population and households have grown and are projected to expand further, which can enlarge the tenant base and support occupancy. Underwriting that pairs prudent security investments with service-forward operations and selective CapEx should capture demand while managing retention risk.
- High neighborhood occupancy and sizable renter-occupied base support stable leasing
- 2007 vintage offers competitive positioning with clear value-add and systems refresh opportunities
- Strong proximity to West Houston headquarters anchors commuter demand and retention
- Amenities skew practical (grocery/restaurant depth), offsetting fewer nearby parks/cafes
- Risks: below-median safety metrics and affordability pressure require measured rent strategy and security-focused ops