| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 23rd | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 401 E Grimes St, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
401 E Grimes St, Harlingen TX Multifamily Investment
Neighborhood occupancy is around the metro median while renter-occupied housing is elevated, pointing to a steady tenant base and practical rent positioning, according to WDSuite’s CRE market data.
Rated A- and positioned as an Inner Suburb, this neighborhood ranks 33rd of 133 in the Brownsville–Harlingen metro—placing it in the top quartile locally. That competitive standing reflects balanced fundamentals for workforce housing and supports stable leasing conditions for smaller multifamily assets.
Daily needs and lifestyle amenities are a relative strength: grocery options and parks are in high national percentiles, with cafes, restaurants, and childcare also above average. Pharmacy access is comparatively thin. For investors, this mix suggests solid day-to-day convenience for residents, with one gap to note for certain tenant profiles.
Renter concentration is high for the area (top quintile nationally), indicating depth in the renter pool rather than individual preference—an important signal for multifamily demand. Neighborhood occupancy trends sit near the metro median, which typically supports stable performance through cycles when paired with durable tenant demand and pragmatic rent levels.
Demographic statistics are aggregated within a 3-mile radius. Recent years show population and household growth, with forecasts pointing to further expansion and smaller average household sizes—factors that can broaden the renter base and support occupancy. The local homeownership landscape features relatively accessible home values compared with many U.S. markets; this can introduce some competition with entry-level ownership, but it also keeps multifamily options attractive for households prioritizing flexibility or lower upfront costs. School ratings trend below national norms—relevant for family-oriented product positioning and retention strategy.
Comparable neighborhood-level safety metrics are not available in WDSuite’s dataset for this location. Investors typically benchmark local trends against city and metro statistics, review multi-year trajectories, and incorporate on-the-ground diligence (property management feedback, local public records) to understand how safety perceptions may influence leasing and retention.
- Dish Network — corporate offices (1.5 miles)
- United Parcel Service — corporate offices (31.8 miles)
- R R Donnelley & Sons — corporate offices (36.1 miles)
Nearby employment is anchored by corporate offices that support workforce housing demand and reasonable commute times for renters, including Dish Network, United Parcel Service, and R R Donnelley & Sons.
This 32-unit asset benefits from a neighborhood that ranks in the top quartile among 133 Brownsville–Harlingen neighborhoods, with strong access to essentials and a renter-occupied share that is high by national standards. According to CRE market data from WDSuite, occupancy trends are near the metro median—consistent with stable baseline demand—while the elevated renter concentration and expanding 3-mile household counts point to a larger tenant base over time.
Amenity access (groceries, parks, cafes) supports livability and leasing, and household growth with smaller average household sizes suggests continued demand for multifamily units. Counterbalancing factors include below-average school ratings, thin pharmacy presence, and relatively accessible ownership costs that can create competition for certain renter cohorts—considerations for pricing power and retention strategy rather than structural deterrents.
- Competitive neighborhood rank (top quartile locally) with strong daily-needs access supporting leasing stability
- High renter-occupied share indicates depth of tenant base and supports occupancy resilience
- 3-mile population and household growth expand the renter pool and underpin long-term demand
- Amenity strength (groceries, parks, cafes) enhances livability and retention
- Risks: below-average school ratings, limited pharmacy options, and accessible ownership alternatives may temper pricing power