| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 23rd | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 407 N Kansas City Rd, La Feria, TX, 78559, US |
| Region / Metro | La Feria |
| Year of Construction | 1985 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
407 N Kansas City Rd La Feria Multifamily Opportunity
Positioned for workforce renters with manageable rent-to-income levels and a modest renter base in the surrounding neighborhood, according to WDSuites CRE market data. The focus here is steady leasing potential with room for value-add to sharpen competitiveness.
The property sits in a suburban pocket of La Feria rated B- within the BrownsvilleHarlingen metro, with neighborhood occupancy measured at 85.5% for the immediate areaa softer read that signals the need for active leasing and retention strategies (neighborhood metric, not property performance), based on CRE market data from WDSuite.
Amenities are mixed: cafes score competitively within the metro and land in the top quartile nationally, but immediate access to grocery, pharmacies, and parks is limited within the neighborhood. For investors, this typically favors residents who drive for daily needs and may place a premium on onsite conveniences and management responsiveness.
Home values in the neighborhood are on the lower side for Texas, which can introduce some competition from entry-level ownership. However, a rent-to-income profile around the neighborhood median suggests manageable renter costs that can support lease retention and reduce turnover risk when operations are well-managed.
Tenure patterns indicate a modest renter-occupied share (about one-quarter of housing units) in the neighborhood. That level of renter concentration points to a stable but not oversized tenant pool; multifamily assets here tend to compete on value, maintenance, and convenience rather than luxury positioning.
Within a 3-mile radius, demographic statistics show recent population growth paired with an expanding household count, and forward-looking estimates indicate households continuing to rise even if population moderates. For multifamily investors, more households translates into a larger tenant base over time and can support occupancy stability despite shifting age mixes.
Neighborhood-level safety metrics are not available for this location in WDSuites current release. Investors typically benchmark property performance against broader city and county trends, assess on-the-ground conditions during diligence, and align security measures and resident engagement with the assets positioning.
The area draws from a regional employment base suited to workforce renters, with commute-accessible roles that can aid leasing durability. Nearby employers include Dish Network, United Parcel Service, and R R Donnelley & Sons.
- Dish Network telecommunications/services (9.6 miles)
- United Parcel Service logistics & distribution (24.5 miles)
- R R Donnelley & Sons printing & business services (28.2 miles)
Built in 1985, the asset is slightly older than the neighborhoods average vintage, creating a clear value-add path through targeted exterior and systems upgrades to improve competitive positioning. Neighborhood occupancy is measured at 85.5% for the area, so execution will hinge on disciplined leasing, resident services, and thoughtful unit programing to capture steady workforce demand. According to commercial real estate analysis from WDSuite, the surrounding neighborhoods rent-to-income dynamics point to manageable renter costs, supporting retention when coupled with consistent service levels.
Demographic statistics aggregated within a 3-mile radius indicate that while population may moderate in forward-looking estimates, the number of households is projected to expand, implying smaller average household sizes and a broader renter pool. Combined with modest local home values, this dynamic supports demand for well-maintained multifamily housing, though it also means assets must compete effectively against entry-level ownership.
- 1985 vintage offers value-add and systems modernization opportunities to lift competitiveness
- Neighborhood rent-to-income profile supports retention with disciplined lease management
- 3-mile household growth expands the addressable renter base even as population moderates
- Workforce-oriented regional employers provide a commuting tenant base
- Risks: softer neighborhood occupancy and limited nearby daily-needs retail require proactive asset management