| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 9th | Poor |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 146 Essex Blvd, Huntsville, TX, 77320, US |
| Region / Metro | Huntsville |
| Year of Construction | 2011 |
| Units | 36 |
| Transaction Date | 2008-12-15 |
| Transaction Price | $225,000 |
| Buyer | SENIOR VILLAGES OF HUNTSVILLE |
| Seller | LONE STAR LP |
146 Essex Blvd Huntsville Multifamily Investment Opportunity
Newer 2011 construction in an Inner Suburb setting with a high renter base and competitive neighborhood occupancy, according to WDSuite’s CRE market data.
Located in Huntsville’s Inner Suburb, the property benefits from neighborhood occupancy that is competitive among 24 Huntsville neighborhoods and near the national middle, supporting income durability for stabilized multifamily assets. Renter concentration in the neighborhood ranks in the top quartile locally, signaling a deep tenant base and steady leasing velocity for workforce-oriented units.
The area skews serviceable for daily life with dining density competitive in the metro (cafes and restaurants rank near the top locally), while grocery, parks, and pharmacies are less prevalent within the immediate neighborhood. For investors, this mix suggests residents may commute for certain errands, but local food-and-beverage options help with livability and evening activity.
Construction trends matter: neighborhood housing stock skews older, but this asset’s 2011 vintage positions it as comparatively competitive versus older properties, with potential to command interest from renters seeking more modern finishes. Average unit sizes around 859 sq. ft. offer practical layouts that can widen the target renter pool.
Within a 3-mile radius, WDSuite data indicates population growth in recent years alongside an increase in households and a high share of renter-occupied units, pointing to a larger tenant base and demand support for multifamily. Forward-looking estimates show additional household growth even as overall population levels remain broadly stable, which can sustain occupancy and reduce downtime. This commercial real estate analysis also notes that home ownership costs in the area are relatively accessible compared with many U.S. markets, which can create some competition with entry-level ownership but still leaves meaningful reliance on rental housing given the strong renter presence.
Neighborhood school ratings track below national norms, which may influence family-targeted leasing strategies; however, the broader renter pool and service employment footprint help diversify demand. Rent-to-income levels indicated by the neighborhood are manageable for many households, supporting retention with prudent lease management.
Safety indicators for the neighborhood sit near the metro middle and around the national midpoint overall. That places the area as competitive among Huntsville neighborhoods rather than a top performer, which is a neutral-to-cautious signal for underwriting.
Trend-wise, recent data shows an improvement in violent incident rates year over year, a constructive directional signal for resident sentiment and leasing stability. As always, investors should evaluate property-level measures and management practices, since safety conditions can vary within a neighborhood.
- National Oilwell Varco — energy services (27.2 miles)
- Anadarko Petroleum — energy (39.9 miles) — HQ
- McKesson Specialty Health — healthcare services (40.1 miles)
Nearby corporate nodes broaden the renter base and support leasing from commuting professionals, notably in energy and healthcare services reflected below.
Built in 2011 with 36 units, the asset’s newer vintage and practical average unit size (~859 sq. ft.) position it well against an older neighborhood stock. Neighborhood occupancy is competitive within the Huntsville metro, and the high share of renter-occupied housing supports depth of demand and potential leasing stability, based on CRE market data from WDSuite.
Within a 3-mile radius, recent population gains and growing household counts point to a larger tenant base, with projections indicating continued household growth that can help sustain occupancy. Ownership remains relatively accessible in this market, which can temper rent growth at the margins; however, the strong renter presence and commute access to regional employers underpin consistent demand.
- Competitive neighborhood occupancy and high renter concentration support demand resiliency.
- 2011 construction offers relative competitiveness versus older local stock; targeted upgrades can further differentiate.
- Growing household counts within 3 miles expand the tenant base and support leasing stability.
- Proximity to regional energy and healthcare employers contributes to consistent renter inflows.
- Risks: below-average school ratings and limited nearby grocery/park options may affect family-oriented leasing and resident convenience.