| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 69th | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3300 Tangle Brush Dr, Spring, TX, 77381, US |
| Region / Metro | Spring |
| Year of Construction | 2007 |
| Units | 66 |
| Transaction Date | 2006-09-19 |
| Transaction Price | $5,211,200 |
| Buyer | ASI WOODLANDS SENIOR HOUSING INC |
| Seller | ACCESSIBLE SPACE INC |
3300 Tangle Brush Dr Spring Multifamily Opportunity
Neighborhood occupancy shows resilient, above-median performance with a sizable renter base supporting stability, according to WDSuite’s CRE market data. Positioning near core Woodlands employment hubs reinforces steady demand while keeping pricing power aligned with local income dynamics.
The property sits in an Inner Suburb location within the Houston-The Woodlands-Sugar Land metro, where neighborhood occupancy is 95.4% and has trended higher in recent years. At rank 507 out of 1,491 metro neighborhoods, this places the area as competitive among Houston neighborhoods for occupancy, a signal that supports lease stability and reduced downtime for multifamily assets.
Local livability leans on strong schools and everyday conveniences. The neighborhood’s average school rating of 4.5 out of 5 sits in the top quartile nationally (94th percentile), a family-friendly attribute that can enhance renter retention. Amenity density is mixed: grocery and restaurant access track around the 60th national percentile, while parks, pharmacies, and cafes are comparatively sparse. For investors, this combination suggests daily needs are met, but lifestyle offerings inside the asset or nearby community nodes may matter for marketing and renewal strategies.
Vintage matters: with construction in 2007 versus a neighborhood average year of 1984, the asset is newer than much of the local stock. That typically supports competitive positioning against older properties; investors should still plan for mid-life systems updates and selective modernization to sustain rentability.
Tenure patterns are favorable to multifamily. Roughly 50.5% of neighborhood housing units are renter-occupied (88th national percentile), indicating a deep tenant base that supports absorption and renewal velocity. Within a 3-mile radius, population and households have expanded over the past five years and are projected to grow further, pointing to a larger tenant base and ongoing demand for rental options. In a high-cost ownership context relative to local incomes (value-to-income ratio in the upper national percentiles), multifamily product often retains residents longer, supporting occupancy durability and disciplined lease management.
Safety indicators compare favorably both locally and nationally. The neighborhood ranks 124 out of 1,491 Houston-area neighborhoods for crime, placing it in the safer tier locally. Nationally, it sits around the 73rd percentile for safety, suggesting conditions that can support renter retention and steady leasing.
Recent trends are directionally positive: estimated violent and property offense rates have declined year over year, with improvements that rank well versus national peers. While conditions can vary by block and over time, the broader trajectory supports a stable environment for multifamily operations compared with many metro submarkets.
Proximity to healthcare, energy, utilities, and technology employers underpins workforce housing demand and practical commute times for residents. Nearby anchors include McKesson Specialty Health, Anadarko Petroleum, Hewlett Packard Enterprise Customer Engagement Center, CenterPoint Energy, and National Oilwell Varco.
- McKesson Specialty Health — healthcare distribution (2.4 miles)
- Anadarko Petroleum — energy exploration (2.6 miles) — HQ
- Hewlett Packard Enterprise Customer Engagement Center — enterprise technology (12.5 miles)
- Centerpoint Energy — utilities (14.5 miles)
- National Oilwell Varco — oilfield equipment (14.6 miles)
This 66-unit asset built in 2007 is positioned in a Houston-area neighborhood with competitive occupancy performance and a renter-occupied housing share that signals depth of tenant demand. Strong school ratings and proximity to diversified employers support leasing, while a high-cost ownership landscape relative to incomes tends to sustain reliance on multifamily housing and bolster renewal prospects. According to CRE market data from WDSuite, neighborhood occupancy performs competitively versus the metro, reinforcing the case for stable cash flow management.
Forward-looking fundamentals within a 3-mile radius point to continued renter pool expansion as households and incomes rise, aligning with steady demand for quality units. Given the asset’s newer vintage relative to local stock, targeted mid-life upgrades can sharpen competitive standing without the scope typically required for older properties.
- Competitive neighborhood occupancy supports stable leasing and reduced downtime
- 2007 vintage out-positions older local stock; plan selective systems and finish updates
- Strong schools and nearby employment hubs underpin renter demand and retention
- High-cost ownership context reinforces reliance on rentals, aiding pricing discipline
- Risk: amenity mix is uneven (limited parks/cafes), so on-site offerings and marketing may be important