| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 9th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1313 N Minnesota Ave, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 1978 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1313 N Minnesota Ave Brownsville Multifamily Investment
Neighborhood occupancy is in the mid-90% range with steady renter demand supported by accessible rents and daily-needs amenities, according to WDSuite’s CRE market data.
This Inner Suburb location in Brownsville offers daily convenience: cafes and parks rank competitively among 133 metro neighborhoods, and grocery access is strong (nationally high percentiles across these amenities). For investors, that mix tends to support leasing stability for workforce-oriented assets and reduces friction for day-to-day living.
Neighborhood occupancy registers 94.2%, up over the last five years, indicating resilient renter demand at the neighborhood level (not the property). Median contract rents in the area remain modest, which helps sustain a broad tenant base and can aid retention during softer cycles.
The property’s 1978 vintage is older than the neighborhood average construction year (1999). That age profile often implies capital planning around systems, interiors, and curb appeal; it can also create value-add potential versus newer competing stock if renovations are executed thoughtfully.
Tenure data points to a meaningful renter-occupied share locally (around two-fifths of housing units), suggesting depth in the multifamily tenant pool without overconcentration. In a high-cost ownership market this could translate to pricing power, but here ownership costs are relatively more accessible, which means retention hinges on offering quality and convenience rather than price alone.
Within a 3-mile radius, recent data show relatively flat population but an increase in households and families, implying smaller household sizes and a gradual expansion of the renter pool. Forward-looking estimates point to additional household growth over the next five years, which would enlarge the addressable tenant base and support occupancy. These dynamics, based on CRE market data from WDSuite, align with a steady leasing thesis rather than outsized rent spikes.
Safety metrics reflect a mixed profile. Relative to the Brownsville–Harlingen metro, the neighborhood’s crime rank sits on the less favorable side of the spectrum (ranked 33rd among 133 neighborhoods, where a lower rank indicates higher crime). Nationally, violent offense exposure trends around mid-pack, while property offense measures appear comparatively stronger; however, recent year-over-year changes indicate volatility that investors should monitor.
For underwriting, practical takeaways include reinforcing on-site management, lighting, and access controls, and benchmarking incident trends against comparable Inner Suburb locations in the metro. Framing safety in comparative terms helps calibrate marketing, resident screening, and operating expense assumptions without relying on block-level claims.
Regional employment centers within commuting range help support renter demand through service and corporate roles. The list below highlights a nearby corporate office relevant to workforce housing dynamics.
- Dish Network — corporate offices (24.0 miles)
This 110-unit 1978 community in Brownsville’s Inner Suburb benefits from stable neighborhood occupancy, accessible rents, and strong daily-needs amenity access. The older vintage points to clear value-add angles and capital planning needs, while household growth within a 3-mile radius expands the prospective tenant base and supports steady leasing. According to CRE market data from WDSuite, neighborhood occupancy trends and renter concentration are consistent with durable demand rather than speculative rent-driven returns.
Ownership costs in the area are comparatively accessible, so competitive positioning will rely on renovated finishes, reliable operations, and convenience to everyday amenities. With thoughtful upgrades and disciplined expense control, investors can target durable cash flow while acknowledging safety and capex considerations in underwriting.
- Neighborhood occupancy around the mid-90% range supports leasing stability
- 1978 vintage offers value-add potential alongside planned system and interior upgrades
- Daily-needs amenities (groceries, parks, cafes) are competitive, aiding retention and absorption
- Risk: safety metrics show relative weakness and short-term volatility—assume enhanced management and security in pro formas
- Household growth within 3 miles enlarges the tenant base, supporting steady, fundamentals-driven performance