| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 14th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1110 Avenue N, Huntsville, TX, 77340, US |
| Region / Metro | Huntsville |
| Year of Construction | 1986 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1110 Avenue N Huntsville Multifamily Investment
Neighborhood data points to a deep renter base and stable demand drivers, according to CRE market data from WDSuite. Metrics such as renter-occupied share and occupancy are measured for the neighborhood, not this specific property.
The property is situated in an Inner Suburb location of Huntsville with a B+ neighborhood rating, where everyday amenities are a relative strength. Restaurants and groceries score well versus national peers (both in the 70s–80s percentiles), and parks and pharmacies also index above average nationally. Within the metro, amenities rank among the top performers out of 24 neighborhoods, while cafes are limited—useful when thinking about resident lifestyle positioning and marketing.
Renter demand fundamentals are supported by a high neighborhood share of renter-occupied housing units, indicating a sizable tenant base and consistent leasing velocity. Neighborhood occupancy sits around the metro midpoint and below the national median, so underwriting should assume steady but competitive leasing conditions rather than outsized pricing power. Median contract rents in the area track near the lower half nationally, aligning with a workforce housing profile.
Within a 3-mile radius, demographics show population and household growth over the last five years, and projections indicate additional household expansion by 2028. A large share of residents falls in the 18–34 range, which typically supports multifamily demand through a larger pool of renters and turnover-driven leasing opportunities. Income levels are modest for the region, reinforcing the case for value-oriented product and careful rent-to-income management to support retention.
Vintage matters for competitive positioning: built in 1986, the asset is newer than the neighborhood’s older housing stock (average vintage circa 1960). That relative age can reduce near-term functional obsolescence versus older comparables, while still warranting targeted system updates or modernization to sustain competitiveness.
Safety metrics for the neighborhood trend below the national median, and the area places in the lower half when compared with the 24 Huntsville neighborhoods. Recent readings show a modest year-over-year uptick in both property and violent offense estimates, suggesting investors should emphasize operational vigilance and resident-facing safety measures.
As always, crime can vary by block and over time; consider trend lines and property-level controls alongside submarket comparables when assessing risk and underwriting.
Regional employment nodes in energy services and healthcare distribution support commuting tenants and help stabilize the renter pool at this location. The list below highlights nearby employers that underpin demand for workforce housing.
- National Oilwell Varco — energy equipment & services (26.6 miles)
- Anadarko Petroleum — oil & gas (39.2 miles) — HQ
- McKesson Specialty Health — healthcare distribution (39.3 miles)
1110 Avenue N offers exposure to a renter-heavy Huntsville neighborhood where amenities outperform most local peers and daily needs are accessible. Neighborhood occupancy trends sit near the metro middle and below national norms, but a deep pool of renter-occupied units and workforce-level rents support steady absorption and lease retention. Built in 1986, the property is comparatively newer than much of the surrounding stock, allowing for competitive positioning with selective modernization rather than full repositioning. According to CRE market data from WDSuite, the area’s rent levels and renter concentration align with a value-oriented multifamily strategy.
Demographic data aggregated within a 3-mile radius shows recent growth in both households and population, with forecasts indicating further household expansion by 2028—signals that typically support occupancy stability and broaden the tenant base. Balance these strengths against modest income levels, safety metrics below the national median, and neighborhood NOI per unit that trails national benchmarks when setting rent growth and expense assumptions.
- Renter-heavy neighborhood supports a deeper tenant base and consistent leasing.
- 1986 vintage is newer than local averages, with targeted updates enhancing competitiveness.
- Amenity access ranks among the best locally, aiding retention and marketing.
- 3-mile demographics point to continued household growth, supporting occupancy stability.
- Risks: below-national safety metrics, modest incomes, and neighborhood NOI per unit below national averages.