| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 52nd | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1605 Sam Houston Dr, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1994 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1605 Sam Houston Dr Harlingen Multifamily Investment
1994 vintage garden-style units near daily-needs retail offer pragmatic operations in a neighborhood with a moderate renter-occupied share, according to WDSuite’s CRE market data. The asset’s newer-than-area-average construction supports competitive positioning while local demand remains price-sensitive.
Harlingen’s inner-suburban setting provides everyday convenience more than lifestyle flair. The immediate neighborhood rates A and is competitive among Brownsville–Harlingen neighborhoods (16th out of 133), with strong access to groceries and pharmacies compared with many areas across the country. Cafes and park space are limited locally, so amenities skew toward essentials rather than destination retail or open space.
For investors, daily-needs proximity is a practical leasing advantage. Grocery and pharmacy density track in high national percentiles while restaurants sit above average, supporting routine errands and service employment nearby. This mix tends to favor workforce renters and can aid retention even when discretionary amenity options are thinner.
The property’s 1994 construction is newer than the neighborhood’s average vintage (1984). That positioning can reduce near-term capital intensity relative to older stock, though investors should still underwrite typical mid-life system updates and potential value-add interior modernization to meet current renter expectations.
Tenure patterns indicate meaningful renter-occupied housing at the neighborhood level and, within a 3-mile radius, renter share is roughly on par with owners. This balance points to a sizable tenant base and supports multifamily demand depth, particularly for larger floor plans given the area’s average household sizes. Neighborhood occupancy is lower than many metro peers, so asset-specific leasing execution and pricing discipline remain important.
Home values in the area are lower relative to national norms, which can introduce some competition from entry-level ownership. For multifamily operations, that generally argues for emphasizing value, predictable housing costs, and convenience to sustain lease retention rather than relying on premium rent positioning.
Comparable, neighborhood-level safety metrics are not available in this dataset. Investors commonly benchmark trends against the broader Brownsville–Harlingen metro and review multi-year patterns by submarket when data is accessible. As with any acquisition, pair WDSuite context with local due diligence and insurer or lender guidance.
Nearby employers provide a steady base of service, logistics, and corporate roles that can support renter demand through commute convenience and workforce stability. The list below reflects the closest named employers to the property.
- Dish Network — corporate offices (2.0 miles)
- United Parcel Service — logistics (32.9 miles)
- R R Donnelley & Sons — printing & business services (36.9 miles)
This 24-unit property combines a pragmatic location with daily-needs accessibility and a renter base shaped by workforce demand. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood leans toward essential retail access, above-average restaurant options, and a renter concentration sufficient to support leasing, while neighborhood occupancy trends call for careful asset management. The 1994 vintage is newer than the area’s 1980s-era average, offering relative competitiveness versus older product and potential for targeted value-add to drive rent and retention.
Within a 3-mile radius, recent growth in population and households, along with forecasts for further expansion, suggests a larger tenant base over the medium term. At the same time, comparatively low home values in the area can create ownership alternatives, reinforcing the need to compete on convenience, unit finishes, and predictable housing costs rather than premium pricing.
- Newer 1994 vintage versus neighborhood average, with scope for targeted renovations
- Daily-needs retail and services nearby support routine convenience and leasing stability
- 3-mile radius shows population and household growth, expanding the renter pool
- Risk: neighborhood occupancy trails stronger metro pockets—focus on leasing execution and competitive positioning
- Risk: accessible ownership options require value-focused pricing and resident retention strategies