| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 32nd | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2700 Ruben Torres Sr Blvd, Brownsville, TX, 78526, US |
| Region / Metro | Brownsville |
| Year of Construction | 2001 |
| Units | 92 |
| Transaction Date | 2021-06-03 |
| Transaction Price | $16,250,000 |
| Buyer | WGA LEGACY PROPERTIES 5 LLC |
| Seller | BROWNSVILLE TX FM 802 BIG 22 LLC |
2700 Ruben Torres Sr Blvd Brownsville Multifamily Investment
Neighborhood fundamentals point to durable renter demand and competitive occupancy, according to WDSuite’s CRE market data, with a high share of renter-occupied units supporting lease-up and retention. For investors, this location balances everyday amenities with value-add potential at the property level.
The property sits in an inner-suburban pocket of Brownsville where daily needs are close by and renter demand is deep. Neighborhood amenities trend above the national midpoint (per WDSuite), with grocery and pharmacy access benchmarking in the top decile nationally, while restaurants and cafes are also well represented. Park and formal childcare options are limited in the immediate neighborhood, which may influence the resident mix and marketing strategy.
Among 133 neighborhoods in the Brownsville-Harlingen metro, this area ranks 6th overall (A+ rating), placing it in the top quartile locally for a blend of livability and housing metrics. Neighborhood multifamily occupancy is competitive among Brownsville-Harlingen neighborhoods and modestly above the national middle, supporting income stability at the asset level. Rents in the neighborhood sit around the national mid-range, which can aid leasing velocity without overextending affordability.
Unit tenure data shows a high renter concentration at the neighborhood level, with renter-occupied housing representing a large share of units. For multifamily investors, that translates into a broad tenant base and consistent leasing pipelines, particularly for workforce housing. Median home values are elevated relative to local incomes (higher national percentile for value-to-income), which tends to sustain reliance on rental options and can support pricing power with careful lease management.
Demographic statistics within a 3-mile radius indicate recent population growth with faster household formation and a forecast for additional household gains through 2028, pointing to a larger tenant base over time. As household sizes trend lower and incomes rise in the forecast, this supports diversified demand across unit types and helps underpin occupancy stability.
Safety indicators present a mixed but serviceable profile for investors. Within the Brownsville-Harlingen metro’s 133 neighborhoods, this area ranks 32nd on a crime index where lower ranks correspond to more incidents, suggesting more activity than some suburban peers. Nationally, however, violent and property offense benchmarks trend in the upper-third percentiles compared with neighborhoods nationwide, indicating relatively better performance on those specific measures even as composite scores land below the national median. Operators should calibrate security posture and resident communication accordingly.
Regional employment access supports renter demand primarily through service, telecom, and corporate office roles reachable by car, which can aid leasing stability for workforce-oriented units. The following nearby employer illustrates the broader commute-shed connectivity.
- Dish Network — telecommunications (21.3 miles)
Built in 2001, the 92-unit asset is older than the neighborhood’s newer-average stock, positioning it for targeted value-add and system upgrades to enhance competitiveness against 2010s-era properties. Neighborhood fundamentals are constructive: a high share of renter-occupied units, competitive occupancy, and amenity access that supports everyday convenience. According to CRE market data from WDSuite, neighborhood occupancy trends sit modestly above national midpoints, while the ownership market’s higher value-to-income profile reinforces reliance on multifamily, supporting rent durability with prudent lease management.
Within a 3-mile radius, recent and projected increases in households point to a growing tenant base, even as household sizes edge lower—an environment favorable to sustained demand across smaller formats. While park and childcare access is limited and safety signals are mixed relative to the metro, these are manageable with operational focus and thoughtful resident programming.
- Value-add potential: 2001 vintage offers renovation and systems-upgrade upside versus newer neighborhood stock.
- Deep renter base: high renter-occupied share supports leasing pipelines and occupancy stability.
- Amenity convenience: strong access to groceries, pharmacies, and dining supports resident retention.
- Demand tailwinds: 3-mile household growth and rising incomes expand the potential tenant pool.
- Risks: mixed safety signals within the metro and limited parks/childcare call for calibrated operations and resident engagement.