| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 28th | Poor |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24675 Gilbert Dr, Porter, TX, 77365, US |
| Region / Metro | Porter |
| Year of Construction | 2008 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
24675 Gilbert Dr Porter TX Multifamily — 33 Units, 2008
Stabilized neighborhood fundamentals and a newer-than-average vintage point to steady renter demand and manageable CapEx, according to WDSuite s CRE market data. Investor focus here is on occupancy stability and pragmatic value-add, not lease-up risk.
Situated in Porter within the Houston The Woodlands Sugar Land metro, the property benefits from suburban fundamentals: neighborhood occupancy trends sit near the national middle, and restaurant density performs above national median levels while cafes, parks, and pharmacies are limited. This mix supports day-to-day convenience but suggests residents may rely on nearby corridors for a fuller amenity set.
The property s 2008 construction is newer than the neighborhood s average vintage (1993), which generally enhances competitiveness versus older stock. From an investor standpoint, systems are entering mid-life, so planning for targeted renovations and modernization can protect positioning against both new deliveries and well-renovated Class B peers.
Renter-occupied housing share in the neighborhood is above the national median, indicating a meaningful tenant base and demand depth for multifamily. Within a 3-mile radius, demographics show solid population and household growth over the past five years, with projections pointing to continued expansion and slightly smaller average household sizes a combination that typically enlarges the renter pool and supports occupancy stability.
Home values in the neighborhood are more accessible than many national peer areas, which can create some competition from ownership options. At the same time, rent-to-income levels are moderate, indicating manageable affordability pressure that can aid retention and reduce turnover risk. These dynamics favor disciplined rent management and asset-level improvements to sustain pricing power.
Neighborhood safety metrics are competitive among Houston The Woodlands Sugar Land neighborhoods (out of 1,491), and the area sits above the national median for safety. Recent year-over-year trends indicate notable declines in both violent and property offenses, a constructive backdrop for multifamily operations without overstating block-level conditions.
Proximity to diversified employers supports renter demand and commute convenience, notably from logistics and energy to healthcare services. The following nearby employers shape the local employment base referenced here.
- FedEx Office Print & Ship Center — corporate services (4.1 miles)
- Halliburton — energy services (12.3 miles) — HQ
- Anadarko Petroleum — energy (14.1 miles) — HQ
- McKesson Specialty Health — healthcare services (14.2 miles)
- Centerpoint Energy — utilities (20.9 miles)
This 33-unit asset, built in 2008, is positioned ahead of the neighborhood s older average stock, offering relative competitiveness with room for selective upgrades as systems reach mid-life. Neighborhood occupancy trends near the national middle, a renter concentration above the national median, and growing 3-mile household counts together point to a durable tenant base and consistent leasing. According to commercial real estate analysis from WDSuite, the area s rent and ownership context suggests moderate affordability pressure supporting retention while favoring measured rent growth tied to property improvements.
Amenity coverage is serviceable but not deep, suggesting an opportunity to differentiate through unit and common-area enhancements. With home values relatively accessible in the neighborhood, disciplined rent positioning and value-add execution become key to sustaining pricing power while maintaining occupancy.
- Newer vintage (2008) versus neighborhood average supports competitive positioning with targeted renovation upside.
- Renter-occupied share above national median and expanding 3-mile household base support demand depth and occupancy stability.
- Moderate rent-to-income dynamics favor retention and steady cash flow with disciplined rent management.
- Amenity coverage is thinner for cafes/parks, making asset-level improvements a lever for differentiation.
- Risk: Ownership options are relatively accessible locally, which can temper pricing power without clear value-add.