| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 35th | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2041 Central Blvd, Brownsville, TX, 78520, US |
| Region / Metro | Brownsville |
| Year of Construction | 1994 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2041 Central Blvd Brownsville Multifamily Investment
Neighborhood renter concentration sits in the top quartile within the Brownsville-Harlingen metro, supporting a deeper tenant base, according to WDSuite’s CRE market data. Occupancy in the surrounding area trends below the metro median, suggesting attentive leasing and operations can drive performance.
This inner-suburb location of Brownsville offers day-to-day convenience with strong grocery access (top quartile among 133 metro neighborhoods) and a competitive restaurant presence, while cafes, parks, pharmacies, and childcare are limited within the neighborhood footprint. For investors, this pattern points to reliable essentials for residents but fewer lifestyle amenities nearby, which can influence retention strategies and value-add programming.
Neighborhood occupancy is below the metro median, which may require disciplined leasing and renewal management to sustain stability. Median contract rents in the area skew toward the lower end nationally, supporting affordability and potentially steadier lease retention, though it can also temper near-term pricing power.
The property’s 1994 vintage is slightly newer than the neighborhood average year built (1991), offering a relative edge versus older stock. Investors should still plan for targeted modernization and system updates typical of 1990s-era buildings to remain competitive against renovated peers.
Within a 3-mile radius, the population and household base have expanded in recent years, and forecasts point to continued population growth and a sizable increase in households by 2028. This trajectory implies a larger tenant base and supports occupancy stability for workforce-oriented units. The local rent-to-income profile remains manageable, which can aid resident retention; however, comparatively accessible home values in the metro may create some competition with ownership options, requiring careful positioning of amenities and finishes.
Relative to the Brownsville-Harlingen metro, the neighborhood’s overall crime rank sits on the lower end (rank 34 out of 133), indicating higher incident rates than many peer areas. At the national level, however, violent offense metrics are above the median for safety, and property offense metrics are in the top quartile nationally, suggesting comparatively stronger positioning versus many U.S. neighborhoods.
Year-over-year estimates indicate recent increases in both violent and property offenses. Investors should monitor trendlines and lean on property-level measures (lighting, access control, and resident engagement) to support leasing and retention. As always, conditions can vary by block and over time; prospective owners should validate on-the-ground.
- Dish Network — telecommunications operations (21.1 miles)
Nearby employment is diversified at the regional scale, with commuting access to a major telecom employer that can support renter demand and lease retention.
This 27-unit asset in Brownsville’s inner suburb balances essential retail access with value-oriented rents, supporting steady demand from a broad renter pool. Based on CRE market data from WDSuite, neighborhood renter concentration is top quartile in the metro, while area occupancy trends below the metro median — a setup where focused leasing, renewals, and targeted upgrades can capture upside. The 1994 construction offers a slight competitive advantage versus older stock, with scope for selective modernization to enhance positioning.
Within a 3-mile radius, recent growth and forward projections point to continued population gains and meaningful household expansion by 2028, implying a larger tenant base and support for occupancy stability. Ownership remains relatively accessible in the region, so competitive amenities and thoughtful unit finishes are important to differentiate from entry-level ownership alternatives and sustain pricing power.
- Renter concentration ranks in the top quartile among 133 metro neighborhoods, indicating depth in the tenant base.
- Value-oriented area rents support leasing velocity and retention for workforce units.
- 1994 vintage provides a relative edge versus older stock, with targeted modernization to sharpen competitiveness.
- 3-mile population and household growth trends expand the renter pool, supporting occupancy stability.
- Risks: below-metro neighborhood occupancy, limited nearby lifestyle amenities, and recent crime upticks warrant proactive operations and asset management.