Zoned Mixed Residential (MR), the property supports a range of housing types including townhomes, build-to-rent, and other medium-density formats, with allowable densities typically ranging from 8 to 15 dwelling units per acre. Located within the city’s high-density residential future land use zone, this site is primed for a thoughtfully planned neighborhood that delivers attainable housing on small- to medium-sized lots—aligned with Baytown’s vision for compact, vibrant, and connected residential communities.
The Baytown multifamily market shows positive fundamentals despite short-term occupancy challenges. According to CoStar data, Baytown has an overall vacancy rate of 12.8%, with Class A properties performing better at 7.3% vacancy. Newer Class A properties are achieving rents of $1.55-$1.73 per square foot, demonstrating premium potential for quality developments.
The average asking rent in Baytown are forecasted to grow an average 3% annually between 2025 and 2027. This represents an opportunity to develop a product that can command premium rents in a market with limited new supply.