| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 9th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1701 Canyon Cir, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 2012 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1701 Canyon Cir Brownsville 32-Unit Multifamily
Neighborhood occupancy is competitive and renter demand is supported by everyday amenities, according to WDSuite’s CRE market data, positioning this asset for stable leasing relative to nearby submarkets.
Located in an Inner Suburb of Brownsville, the property sits in a neighborhood rated B+ and ranked 44 out of 133 within the Brownsville-Harlingen metro, indicating performance competitive among Brownsville-Harlingen neighborhoods. Local occupancy in the neighborhood is 94.2% (per neighborhood statistics), pointing to steady tenant retention rather than lease-up risk.
Everyday convenience is a strength. The neighborhood ranks in the upper tiers for amenities with strong densities of cafes, groceries, and parks compared to national averages (cafes ~90th percentile, groceries ~88th, parks ~89th). These features typically support leasing and renewal activity for workforce-oriented assets.
The building’s 2012 construction is newer than the neighborhood’s average vintage of 1999. Newer stock can compete well against older properties on finishes and systems; however, investors should still plan for selective modernization over the hold to maintain positioning.
Tenure data shows a renter-occupied share of 39.5% in the neighborhood, suggesting a moderate renter concentration and a meaningful depth of multifamily demand. Within a 3-mile radius, population and household counts have grown in recent years and are projected to increase further, supporting a larger tenant base and occupancy stability. Median contract rents in the 3-mile area have trended upward and are projected to continue rising, per commercial real estate analysis from WDSuite, while the neighborhood’s rent-to-income ratio indicates manageable affordability pressure that can aid renewal rates.
Ownership costs in the immediate neighborhood are relatively low by national standards. While this can create some competition with entry-level ownership options, it also means renters may value the convenience and flexibility of multifamily housing, making thoughtful lease management and amenity differentiation important for pricing power.
Safety indicators are mixed and should be monitored. The neighborhood’s overall crime rank is 33 out of 133 metro neighborhoods (lower ranks indicate higher crime), placing it below the metro median and below the national median for safety. Nationally, property offense levels compare relatively well (about the 77th percentile, where higher percentiles indicate safer conditions), while violent offense levels are around the midrange (about the 56th percentile). Recent one-year trend metrics show sharp increases in estimated offense rates, so investors may wish to review the latest local data and on-the-ground conditions during diligence.
Regional employment access is anchored by service-sector employers within a commutable radius, supporting workforce renter demand and retention. Notable among these is Dish Network.
- Dish Network — telecom services (23.7 miles)
This 32-unit, 2012-vintage asset offers relatively modern construction in a Brownsville neighborhood where occupancy has been competitive among metro peers, supporting stable cash flow potential. The area’s renter-occupied share indicates a meaningful tenant base, while nearby amenities (cafes, groceries, parks) bolster day-to-day livability that can aid retention. Within a 3-mile radius, population and households are expected to increase, which supports a growing renter pool and occupancy stability over a longer hold. According to CRE market data from WDSuite, neighborhood rent-to-income levels suggest manageable affordability pressure, helping reduce turnover risk when paired with disciplined renewals and asset upkeep.
Newer construction relative to local averages positions the property well versus older competitors, though selective modernization over time can preserve competitiveness. While local ownership costs are relatively accessible and can compete with rentals, prudent amenity strategy and operational execution can sustain demand. Investors should also account for mixed safety signals and recent one-year offense rate increases when underwriting and planning community engagement.
- Competitive neighborhood occupancy supports leasing stability relative to metro peers.
- 2012 vintage offers newer systems versus local stock, with room for targeted upgrades.
- 3-mile radius shows population and household growth, expanding the renter pool.
- Amenity-rich location (cafes, groceries, parks) supports retention and renewal potential.
- Risks: mixed safety indicators with recent one-year offense increases; accessible ownership options may temper pricing power.