| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 23rd | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2211 New Combes Hwy, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1975 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2211 New Combes Hwy Harlingen Multifamily Investment
Neighborhood renter concentration is elevated with occupancy near the metro median, supporting steady tenant demand, according to WDSuite’s CRE market data. Positioning appears favorable for smaller-unit leasing, with local amenities and workforce access underpinning day-to-day livability.
The property sits in an Inner Suburb location within the Brownsville–Harlingen metro, ranked 33rd out of 133 neighborhoods—placing it in the top quartile among metro peers based on WDSuite’s CRE market data. Amenity access is a relative strength: grocery stores, parks, and cafes are above national averages, though pharmacy access is limited, which investors may factor into convenience-oriented leasing narratives.
Neighborhood occupancy is roughly around the metro median, supporting stable operations without relying on outsized lease-up assumptions. Renter-occupied share is high for the area, indicating a deeper tenant base and potential for consistent absorption across unit turns. Average school ratings trend lower, which can matter for family-oriented demand, but the amenity mix and commute convenience help sustain renter interest.
Built in 1975, the asset is older than the neighborhood’s average vintage. That typically signals capital planning needs but also creates value-add potential through targeted renovations and system upgrades that can improve competitiveness versus newer stock. The property’s smaller average unit size aligns with a shift toward smaller households within a 3-mile radius, which can support leasing velocity for studios and one-bedrooms.
Within a 3-mile radius, WDSuite indicates population and household counts have been rising, with further increases expected—supporting a larger tenant base and occupancy stability. Home values in the broader neighborhood are relatively low by national standards; this can introduce some competition from ownership options, but the elevated renter concentration and steady occupancy suggest multifamily remains an important housing choice in this submarket. Local asking rents have trended upward and are projected to continue, based on multifamily property research from WDSuite.
Comparable crime metrics for this neighborhood are not available in WDSuite’s dataset for the most recent period. Investors often benchmark safety by reviewing neighborhood trends relative to the Brownsville–Harlingen metro and to national patterns, focusing on multi-year direction rather than single-year snapshots. Where possible, pair on-the-ground diligence with city and county reports to contextualize due diligence findings at the neighborhood—not block—level.
Nearby employers support a stable workforce renter base and commute convenience for residents, led by telecom, logistics, and printing services within driving distance.
- Dish Network — telecom/broadcast services (2.1 miles)
- United Parcel Service — logistics & parcel delivery (31.3 miles)
- R R Donnelley & Sons — printing & related services (35.7 miles)
This 22‑unit, 1975 vintage asset offers exposure to an Inner Suburb location with competitive neighborhood fundamentals and a renter-leaning housing mix. Occupancy in the neighborhood sits near the metro median, with a high share of renter‑occupied housing units indicating depth of tenant demand. Within a 3‑mile radius, population and household counts have been increasing, expanding the renter pool and supporting stable leasing. Smaller average unit sizes align with projected declines in household size, which can aid absorption for efficient layouts. According to CRE market data from WDSuite, local asking rents have been trending upward, reinforcing the case for measured value‑add and revenue management.
Capital planning is important given the 1975 construction, but targeted renovations can enhance competitiveness versus newer stock while maintaining pricing discipline in a market where ownership costs are relatively low. The amenity base—particularly grocery, parks, and cafes—adds livability that can support retention and modest rent growth without stretching affordability.
- Neighborhood fundamentals competitive within the metro and renter concentration supports demand depth
- 3‑mile population and household growth expand the tenant base and support occupancy stability
- Value‑add potential from 1975 vintage through targeted interior and system upgrades
- Amenity access (groceries, parks, cafes) bolsters day‑to‑day livability and retention
- Risk: lower ownership costs can compete with rentals—manage pricing and retention accordingly