| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 57th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24 Lindale Dr, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 1979 |
| Units | 108 |
| Transaction Date | 2000-12-31 |
| Transaction Price | $918,800 |
| Buyer | ASSISTING TEXAS WITH HOUSING INC |
| Seller | 24 LINDALE STREET INC |
24 Lindale Dr Brownsville Multifamily Value-Add Potential
Neighborhood indicators point to a stable renter base and above-median occupancy for the area, according to WDSuite’s CRE market data, though performance varies by asset quality and management. Strength in everyday amenities supports demand, while pricing remains oriented to workforce households.
Located in an inner-suburb setting within Brownsville-Harlingen, 24 Lindale Dr sits in a neighborhood rated A and ranked 20 out of 133 metro neighborhoods, placing it competitive among Brownsville-Harlingen options. The area’s occupancy is above the metro median based on neighborhood statistics, suggesting generally steady leasing conditions for well-managed assets.
Amenity access favors daily needs and food service: restaurants and cafes index high relative to national comparisons, and grocery access is stronger than average. However, neighborhood counts for parks and pharmacies are limited, so residents may depend on nearby commercial corridors for these services. Average school ratings are around 3.0 and rank 26 out of 133 locally, which is top quartile among Brownsville-Harlingen neighborhoods and a potential support for family-oriented renter demand.
Tenure data shows a renter-occupied share of housing units above 50% in the neighborhood, indicating a sizable renter concentration that contributes to depth of demand for multifamily. Median contract rents in the neighborhood sit in the lower tiers nationally, which can aid retention and stabilize occupancy, though it may moderate near-term pricing power. Home values are comparatively low in national context, which can introduce some competition from ownership; investors should focus on service quality and unit finish differentiation to sustain leasing.
Within a 3-mile radius, demographics indicate a stable population base historically and projections for population growth alongside a notable increase in households and a gradual decrease in average household size. This combination typically expands the renter pool and supports occupancy stability for well-positioned properties. Based on commercial real estate analysis from WDSuite, projected income gains and rising median contract rents in the radius suggest room for measured rent growth management, with attention to affordability to support retention.
The property’s 1979 vintage is slightly older than the neighborhood average construction year, pointing to potential capital planning around systems and interiors. This can create value-add upside where renovations target durable finishes and in-unit features that match local renter preferences.
Safety metrics are mixed in context. The neighborhood’s overall crime rank indicates elevated incidents relative to many of the 133 Brownsville-Harlingen neighborhoods, and national comparisons place the area below the safer tiers. At the same time, violent-offense measures trend closer to national midrange, while property-offense measures compare more favorably nationally. Recent year-over-year estimates show a short-term uptick, so investors should underwrite prudent security measures and consider operating practices that support resident comfort and retention.
Regional employment is diversified, with commuting access to large corporate employers that can support renter demand and lease stability. Notable nearby employer includes:
- Dish Network — corporate offices (22.1 miles)
This 108-unit, 1979-vintage asset benefits from a sizable renter concentration in the surrounding neighborhood and above-median occupancy at the neighborhood level. Lower relative rents and a workforce orientation support retention, while amenity access for food and groceries underpins day-to-day livability. The vintage implies selective capital upgrades can unlock value-add potential and enhance competitive positioning versus older stock nearby.
Within a 3-mile radius, projections show population growth and a faster increase in households alongside smaller average household sizes, pointing to a larger tenant base over time. According to CRE market data from WDSuite, neighborhood rents track below national levels while incomes are projected to rise, suggesting scope for disciplined rent management that balances affordability pressure and occupancy stability. Key risks include competitive pressure from relatively accessible homeownership options and neighborhood safety variability, both of which argue for hands-on operations and targeted improvements.
- Renter-heavy neighborhood and above-median neighborhood occupancy support demand depth and leasing stability.
- 1979 vintage offers value-add potential through system refreshes and interior upgrades.
- Strong everyday amenities (restaurants, cafes, groceries) bolster resident convenience and retention.
- 3-mile projections point to renter pool expansion with rising household counts and incomes.
- Risk: ownership alternatives and variable safety require disciplined underwriting, security measures, and active management.