| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 49th | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3663 Jaime J Zapata Ave, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 1994 |
| Units | 20 |
| Transaction Date | 2021-10-20 |
| Transaction Price | $1,622,600 |
| Buyer | ANCHOR RGV PROPERTIES LLC |
| Seller | SMART STAR PROPERTIES LTD |
3663 Jaime J Zapata Ave Brownsville Multifamily Investment
Neighborhood renter concentration and steady demand drivers suggest practical leasing depth, according to WDSuite’s CRE market data, while ownership costs in this inner suburb support sustained reliance on multifamily housing.
This inner-suburban location in Brownsville offers day-to-day convenience with a grocery presence that is competitive among Brownsville–Harlingen neighborhoods (ranked 41 of 133) and above national averages for access (77th percentile). Broader amenity coverage ranks competitively within the metro (50 of 133), though cafés and pharmacies are limited nearby, which may temper premium positioning but does not typically impede workforce demand.
Neighborhood occupancy (measured for the neighborhood, not the property) trends in a lower band for the metro, with a rank of 117 out of 133. For investors, this points to a leasing strategy focused on value, unit readiness, and retention management rather than top-of-market pricing. Median contract rents in the neighborhood are mid-market and rent-to-income is around 0.18, supporting pricing that remains within typical affordability thresholds and aiding renewal stability.
Renter-occupied housing accounts for a substantial share locally (ranked 26 of 133 for renter concentration), indicating depth in the tenant base and durable multifamily demand. Within a 3-mile radius, household counts have grown in recent years and are projected to expand further, with forecasts showing more households and a modest decline in average household size—factors that generally expand the renter pool and support occupancy stability.
The asset’s 1994 vintage is older than the neighborhood’s average construction year (2003 rank position 43 of 133), which can create value-add potential through targeted interior updates and systems modernization to compete effectively against newer stock while managing capital planning.
Safety conditions should be evaluated with a comparative lens. Within the Brownsville–Harlingen metro, the neighborhood’s overall crime rank is 17 out of 133 (lower ranks indicate more reported incidents), suggesting closer attention to security measures and lighting, especially for common areas and parking.
Nationally, category indicators are mixed: property and violent offense measures benchmark in stronger percentiles compared with many neighborhoods nationwide, but recent year-over-year changes indicate an uptick. For investors, this implies focusing on practical risk mitigants—access control, visibility, and resident engagement—aligned with insurer expectations and standard multifamily operations.
- Dish Network — corporate offices (22.1 miles)
This 1994, 20-unit property aligns with workforce demand in an inner-suburban pocket where renter-occupied housing is comparatively high, reinforcing depth of the tenant base. Neighborhood occupancy runs below the metro median, so the thesis centers on delivering clean, functional units at attainable price points to drive leasing velocity and retention. According to CRE market data from WDSuite, local grocery access is competitive within the metro and above national averages, supporting day-to-day livability that helps stabilize renewals.
Vintage relative to the area’s newer stock (average 2003) suggests a clear value-add pathway: targeted interior turns and selective system upgrades to enhance competitiveness without overcapitalizing. Within a 3-mile radius, projections point to more households and a slightly smaller average household size, expanding the renter pool and supporting occupancy stability over the medium term.
- Renter-occupied concentration in the neighborhood supports a deeper tenant base and consistent leasing.
- Value-add upside from 1994 vintage via pragmatic interior updates and systems modernization.
- Competitive grocery access and day-to-day amenities aid renewal stability and marketing.
- 3-mile forecasts indicate more households and a larger renter pool, supporting occupancy over time.
- Risks: below-metro neighborhood occupancy and mixed safety trends call for disciplined pricing and standard security measures.