| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Fair |
| Demographics | 52nd | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1612 Sam Houston Dr, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1612 Sam Houston Dr, Harlingen TX — Multifamily Value-Add
Older stock in an inner-suburb location with steady renter demand and daily-needs access suggests durable leasing fundamentals, according to WDSuite’s CRE market data. The area’s renter base and improving neighborhood metrics provide a practical backdrop for a targeted renovation strategy.
Located in Harlingen’s inner suburb, the property sits in a neighborhood rated A and ranked 16 out of 133 metro neighborhoods — placing it in the top quartile locally. That standing is supported by everyday convenience: grocery and pharmacy access score well compared with neighborhoods nationwide, while restaurants are competitive; park and café density are thinner, which may modestly limit lifestyle appeal but does not typically deter workforce renters.
Neighborhood occupancy is below the metro median today, yet it has improved over the past five years — a constructive trend for investors watching leasing stability. At the same time, the renter-occupied share of housing units is above the metro median, indicating a deeper tenant base than many Brownsville–Harlingen submarkets. Median contract rents in the neighborhood sit below national norms, supporting lease retention and measured pricing power rather than aggressive pushes.
For this 1973 vintage asset, the neighborhood’s average construction year skews newer (mid-1980s). The older vintage points to potential capital expenditures (exteriors, unit interiors, systems) but also clearer value‑add pathways to differentiate from 1980s stock. Investors can plan to modernize common areas and in‑unit finishes to improve competitiveness against slightly newer comparables.
Demographic statistics within a 3‑mile radius show population and household growth in the last five years, with households rising at a faster clip and average household size easing — conditions that typically expand the renter pool and support occupancy stability. The tenure mix is roughly balanced between owners and renters, which broadens demand for smaller, well‑priced units. Educational attainment tracks above the national median, and incomes have been trending upward locally, reinforcing steady renter demand even as the market remains cost‑conscious.
Home values in the neighborhood are lower than national medians, creating a more accessible ownership landscape. For multifamily investors, that can mean two things: competition from entry‑level ownership options, but also resilient rental demand for well‑located, professionally managed apartments that deliver convenience and predictable monthly costs. The current rent‑to‑income backdrop suggests manageable affordability pressure, supporting resident retention and smoother renewal conversations.
Comparable crime statistics for this neighborhood are not available in WDSuite’s current dataset at the metro‑rank or national‑percentile level. Investors should pair neighborhood‑level comps with property‑level history and local law‑enforcement or third‑party reports to assess trend direction and relative positioning within the Brownsville–Harlingen market.
Nearby employment is anchored by corporate offices that support a commuter renter base and weekday demand. The list below highlights proximate employers relevant to workforce housing and logistics.
- Dish Network — telecom services offices (1.96 miles)
- United Parcel Service — logistics & distribution (32.96 miles)
- R R Donnelley & Sons — print & business services (36.97 miles)
1612 Sam Houston Dr offers a practical value‑add profile: a 1973, 24‑unit asset with smaller average unit sizes that fit workforce budgets in a neighborhood that ranks in the top quartile locally. Below‑national rents and a renter‑leaning housing mix indicate a broad tenant base, while improving neighborhood occupancy suggests firmer footing for future leasing. Based on CRE market data from WDSuite, daily‑needs retail access compares favorably to national benchmarks, which tends to support retention and day‑to‑day livability.
Key considerations include capital planning to refresh an older vintage against 1980s comparables and managing competitive pressure from relatively accessible homeownership in Harlingen. With measured renovations and disciplined leasing, the asset can compete on convenience, professional management, and predictable monthly costs rather than headline rent growth.
- Top‑quartile neighborhood standing with strong daily‑needs access supporting tenant retention
- 1973 vintage offers clear value‑add levers (unit interiors, exteriors, systems) versus 1980s stock
- Renter‑occupied share above metro median indicates deeper tenant base and demand resilience
- Risk: neighborhood occupancy trails metro median — lease‑up pacing and renewal strategy remain critical
- Risk: more accessible ownership can compete with rentals; focus on convenience and service to differentiate