| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 53rd | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1405 Old Port Isabel Rd, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 1994 |
| Units | 36 |
| Transaction Date | 2015-10-15 |
| Transaction Price | $1,600,000 |
| Buyer | Harigovidan V. Nampoothiri |
| Seller | --- |
1405 Old Port Isabel Rd Brownsville Multifamily Investment
Neighborhood-level occupancy shows durable stability and improving demand, according to WDSuite’s CRE market data, supporting consistent performance for well-managed units in Brownsville’s inner-suburb corridor.
This inner-suburb location in Brownsville-Harlingen is rated A- and is competitive among Brownsville-Harlingen, TX neighborhoods (25th of 133), signaling solid fundamentals for workforce-oriented multifamily. Neighborhood occupancy is strong and has improved over the past several years, indicating steady leasing and limited downtime for comparable assets nearby.
Daily-needs access is a relative strength: grocery options and childcare density rank in the upper tier nationally, while restaurants are moderate. By contrast, the immediate area offers limited cafes, parks, and pharmacies, so residents typically rely on nearby corridors for these amenities. Average school ratings are high for the metro (near the top of 133 neighborhoods), a factor that can support family renter retention.
Rents in the neighborhood benchmark below national medians, and the rent-to-income ratio indicates relatively low affordability pressure, which can support renewal rates and measured pricing power. At the same time, home values are comparatively accessible versus national norms, which can introduce competition from ownership; underwriting should account for that dynamic when assessing rent growth and marketing strategy.
Within a 3-mile radius, population and households have grown and are projected to expand further through 2028, with households expected to rise substantially. This points to a larger tenant base and supports occupancy stability for well-positioned properties. Income trends within the 3-mile radius have also improved, broadening the renter pool and helping sustain absorption, based on CRE market data from WDSuite.
Safety indicators compare favorably at the national level, with the neighborhood tracking in the stronger tiers nationwide. Year over year, violent-offense measures show a notable decline, and property offenses have also moved lower, according to WDSuite’s market data. While conditions can vary by block and over time, the recent trend and national standing suggest comparatively stable safety dynamics for the area.
Regional employment access supports renter demand via commuting options to major corporate offices. Key nearby employer exposure includes Dish Network, which contributes to the broader telecom and service employment base.
- Dish Network — telecommunications/services (22.1 miles)
The property benefits from a competitive neighborhood within the Brownsville-Harlingen metro, where occupancy for comparable rentals is robust and trending upward. Rents benchmark below national levels, helping support lease retention while leaving room for targeted revenue management. According to CRE market data from WDSuite, the surrounding 3-mile area shows growing households and rising incomes, which should deepen the tenant base and support ongoing absorption.
Amenity access is strongest for daily needs like groceries and childcare, while limited nearby parks, pharmacies, and cafes suggest a focus on convenience-driven renters rather than lifestyle-driven traffic. Ownership remains relatively accessible in this market, so positioning and operations should emphasize value, service, and unit quality to compete effectively with for-sale alternatives.
- Strong neighborhood occupancy with improving trend supports stable leasing
- Below-national rents and low rent-to-income pressure aid renewal and pricing discipline
- 3-mile household and income growth expands the tenant base and supports absorption
- Daily-needs amenities (grocery/childcare) reinforce convenience for workforce renters
- Risks: relatively accessible homeownership and fewer lifestyle amenities could temper rent growth