| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 50th | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 Haverford Blvd, Harlingen, TX, 78552, US |
| Region / Metro | Harlingen |
| Year of Construction | 1977 |
| Units | 80 |
| Transaction Date | 2019-11-15 |
| Transaction Price | $3,200,000 |
| Buyer | HARLINGEN APARTMENTS LLC |
| Seller | J R FUNDING INC |
1601 Haverford Blvd Harlingen Multifamily Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and solid local amenities, according to WDSuite’s CRE market data, while occupancy in the surrounding neighborhood trends below the metro median.
Located in Harlingen’s inner suburb context, the neighborhood scores A+ overall and ranks within the top quartile among 133 metro neighborhoods, signaling favorable fundamentals relative to the Brownsville–Harlingen market. Local occupancy is below the metro median, so investors should underwrite conservative lease-up and renewal assumptions while weighing the area’s broader demand signals.
Everyday convenience is a strength: grocery, pharmacy, parks, and dining density sit in the mid-70s national percentiles, indicating better-than-typical access to essentials and services for residents. Average school ratings trend above many peer areas (around the low- to mid-70s national percentile), which can support family-oriented renter retention.
Tenure patterns point to depth in the renter pool. The neighborhood’s share of renter-occupied housing units sits in a high national percentile, which typically supports stable leasing and a consistent flow of prospects. Within a 3-mile radius, households have grown meaningfully in recent years with further growth projected through 2028, expanding the potential tenant base even as average household size trends modestly lower.
Home values in this submarket are comparatively lower on a national scale, which can introduce some competition from ownership options. However, rent-to-income levels indicate relatively moderate affordability pressure for renters, supporting retention and collections, while still requiring disciplined pricing and renewal management.
Comparable crime metrics for this neighborhood are not available in the current WDSuite release. Investors often benchmark safety by pairing metro and national context with property-level operating history; monitoring local public data and resident feedback can help track trend direction over time.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, including roles in telecommunications, parcel logistics, and business services noted below.
- Dish Network — telecommunications (3.5 miles)
- United Parcel Service — parcel logistics (30.6 miles)
- R R Donnelley & Sons — business services (34.6 miles)
Built in 1977, the asset is older than the neighborhood’s average vintage, creating potential value-add and capital planning opportunities around interiors, systems, and curb appeal to improve competitive positioning against newer stock. The surrounding neighborhood sits in the top quartile among 133 metro areas by overall rating, with a high share of renter-occupied housing units and solid amenity access—factors that typically support prospect flow and retention even as local occupancy trends below the metro median.
Within a 3-mile radius, population and household counts are projected to rise through 2028, pointing to a larger tenant base and sustained multifamily demand. According to commercial real estate analysis from WDSuite, ownership costs are relatively accessible versus national norms, so disciplined pricing and renovation scope will be important to differentiate from entry-level ownership while maintaining rent-to-income balance that supports collections.
- High renter-occupied share in the neighborhood supports demand depth and leasing stability.
- 1977 vintage offers value-add potential through targeted renovations and system upgrades.
- Amenity access and above-average school ratings aid resident retention and marketing.
- 3-mile population and household growth expand the prospective tenant base through 2028.
- Risk: neighborhood occupancy trends below metro median—underwrite conservative lease-up and renewals.