| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 18th | Poor |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 716 N O St, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1993 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
716 N O St Harlingen Multifamily Investment
Positioned in Harlingen, the neighborhood shows a solid renter base and accessible rents that support lease retention, according to WDSuite’s CRE market data.
The property sits in a suburban Harlingen neighborhood with everyday conveniences and a renter profile that supports multifamily demand. Neighborhood amenity access is competitive among the 133 Brownsville–Harlingen neighborhoods, with cafe and park density comparing favorably to national norms, while grocery and pharmacy options are thinner. Average school ratings trail national averages, which can factor into leasing strategies for family-oriented units.
Neighborhood occupancy is measured at the neighborhood level, not the property. Current neighborhood occupancy trends sit below the metro median (ranked 89 of 133), suggesting investors should plan for active leasing and targeted concessions during slower seasons. At the same time, the share of renter-occupied housing units is competitive among Brownsville–Harlingen neighborhoods (ranked 46 of 133 and in a higher national percentile), indicating a deeper tenant pool to support absorption and renewal activity.
Within a 3-mile radius, the population has grown in recent years with households increasing at a faster pace and average household size edging down. This points to more, smaller households entering the market — typically supportive of apartment demand and occupancy stability. Forward-looking projections also indicate additional population and household growth, reinforcing a larger tenant base over the next few years.
Ownership costs in the neighborhood are on the low end nationally, which can introduce some competition from entry-level ownership options and temper pricing power. However, rent-to-income ratios remain comparatively favorable for renters, helping reduce near-term retention risk and supporting consistent collections. The property’s 1993 vintage is newer than the neighborhood’s average 1980s stock, providing relative competitiveness versus older comparables while still warranting capex planning for aging systems or selective renovations. These dynamics align with investor-focused multifamily property research priorities around demand depth, rent durability, and capital planning.
WDSuite’s dataset does not include sufficient recent crime detail for this specific neighborhood. Investors typically benchmark safety by comparing neighborhood trends to metro-wide patterns and assessing on-the-ground conditions during diligence rather than relying on block-level assertions.
Local employment access is anchored by nearby corporate offices, supporting workforce housing demand and commute convenience for residents. Key employers within driving distance include Dish Network, United Parcel Service, and R R Donnelley & Sons.
- Dish Network — corporate offices (2.8 miles)
- United Parcel Service — corporate offices (30.6 miles)
- R R Donnelley & Sons — corporate offices (34.8 miles)
716 N O St offers exposure to a renter-oriented pocket of Harlingen where neighborhood renter-occupied share is comparatively high within the metro, supporting demand depth for smaller units. While neighborhood occupancy runs below the metro median, rent levels are generally accessible relative to incomes, which can aid renewal rates and collections. The 1993 construction is newer than much of the surrounding 1980s-era stock, positioning the asset competitively while leaving room for targeted value-add to modernize finishes and building systems.
Household counts within a 3-mile radius have expanded and are projected to grow further, with smaller average household sizes pointing to an expanding renter pool — a setup that can support occupancy stability over the hold period. According to CRE market data from WDSuite, local amenity access is competitive within the metro on parks and cafes, though limited grocery and pharmacy options and below-average school ratings suggest nuanced leasing and marketing strategies.
- Renter-occupied share competitive within the metro, supporting a deeper tenant base.
- 1993 vintage offers relative competitiveness versus older neighborhood stock with value-add potential.
- 3-mile radius shows population and household growth, pointing to renter pool expansion.
- Accessible rents relative to incomes can support renewals and collections management.
- Risks: neighborhood occupancy below metro median; low-cost ownership alternatives may temper pricing power; school quality considerations for family renters.